Healthcare Private Equity Trends and Challenges in 2024

  The last four years have ushered in a new paradigm of healthcare deliveries and corporate structures, with a dramatic surge and fall in healthcare private equity (PE) deal value and volumes. According to Troy Keach, Kirby Bates Associates Vice President of Executive Search, “Private equity firms are increasingly interested in the healthcare sector and  [continue reading…]

Managing Multigenerational Teams in Healthcare

  Healthcare organizations are leading increasingly diverse teams, and age is one element of that diversity. Today, healthcare organizations are composed of as many as four generations — and provide care for as many as seven generations. Diversity has been well-established as a strategic advantage for organizations of all kinds, including in the healthcare industry.  [continue reading…]

Five Tips for Addressing Workplace Violence in Healthcare

  Workplace violence significantly impacts healthcare more than other industries, as highlighted by the Bureau of Labor Statistics: incidents are four times more common in hospital settings. Although healthcare workers account for less than a fifth of all workplace injuries, they endure over half of all assaults. And the threat is escalating. A Center for  [continue reading…]

Dennis J. Kain: Reflections on 50 years in healthcare

  As I retire this month, I can’t help but reminisce on my career in healthcare. First, I am deeply grateful to the thousands of dedicated people who helped educate and collaborate with me since the early 1970s. Overall, my career has two distinct parts, health system leadership and consulting early on, followed by another  [continue reading…]

Five Risks of Hiring the Wrong CIO in Healthcare

As healthcare delivery, reimbursement models, and technology change, the role of a Chief Information Officer (CIO) in a hospital or healthcare organization becomes increasingly important. The CIO used to be thought of as  responsible for keeping an organization’s computers going, but today, the CIO role is a leader who’s responsible for protecting the organization against  [continue reading…]

How Private Equity Healthcare Organizations Are Different

  Healthcare’s unique identity as a recession-proof industry at the forefront of innovation makes it a natural fit for private equity (PE) firms. It’s no surprise that private equity’s presence in healthcare has exploded in the last two decades, having invested nearly $1 trillion in the industry since 2006. However, what stands out even more  [continue reading…]

6 Key Candidate Attributes for Private Equity Healthcare Organizations

  What’s the difference between your expected ROI and a realized loss? Leadership. In private-equity-backed healthcare, success and failure ultimately hinge on leadership and your executive’s ability to carry out a strategic plan. The private-equity-led deal volume has exceeded $750 billion in the last decade alone. As PE-backed investments in healthcare continue, the complexities of  [continue reading…]

How to Overcome the Challenges of Hiring the Right Healthcare CIO

  The Chief Information Officer (CIO) role can be challenging to fill even for the most prestigious healthcare organizations. Navigating the recruitment process for a CIO and other executive level technology leaders within the healthcare sector requires strategic considerations tailored to the industry’s unique demands. Kirby Bates Associates has developed strategies that assure recruitment of  [continue reading…]

Five Challenges to Finding the Right Healthcare CIO

  Healthcare is rapidly changing, as is the technological infrastructure supporting it. As the stakes grow, healthcare organizations depend on their chief information officers (CIOs) and technology leaders more than ever to drive strategic technology roadmaps, optimize electronic health records, maintain information security and regulatory compliance, and leverage their organization’s data to uncover new opportunities.  [continue reading…]

Not Hiring an Interim Leader? Watch Out for These 3 Risks

  In periods of transition and change, it’s common for healthcare organizations to think they simply need to dig in, cultivate their resilience, and push through. After all, is the cost of engaging an interim leader worth it when your time and resources could be used to identify talent or drive initiatives forward? It’s absolutely  [continue reading…]

What to Know When Hiring a Healthcare CFO

  What is the role of a healthcare CFO? It’s a simple question, but in hospitals and hospital systems across the country, the answer is changing rapidly. As the industry changes and hospital consolidation becomes increasingly common, CFOs have become more involved with organizational strategies of all kinds. A CFO today is not just an  [continue reading…]

Five Signs You Need an Interim Laboratory Consultant

  Labs are integral to exceptional patient care, and in today’s healthcare landscape, the demands on laboratories are greater than ever. Healthcare organizations must balance efficiency and precision while championing the needs of both patients and the laboratory team. Excellence in the lab is a matter of life and death — for patients and organizations.  [continue reading…]

Four Vital Pillars for Effective Leadership in Healthcare Teams

  In the ever-changing world of healthcare, where advancements and challenges intertwine, organizational success hinges on the collaboration of a well-coordinated leadership team. Effective leadership stands at the epicenter of achievement, becoming the driving force that not only achieves organizational goals but also surpasses the multifaceted expectations of diverse stakeholder groups. What enables that level  [continue reading…]

How an Interim Specialty Clinic Director Increased OR Cases by 12%

  Perioperative Services and the clinics that support them can be the highest cost center in a healthcare delivery organization, even while it also represents the most opportunity for sustainable long-term growth—accounting for upwards of 80% of a typical hospital’s revenue. With today’s increased pressure on executive leadership to improve both financial performance and quality scores, there  [continue reading…]

Top 3 Reasons to Engage Interim Healthcare Leadership

  Interim leaders can save the day in myriad situations when a healthcare organization is facing temporary leadership vacancies and transitions, specific project needs, and performance improvement opportunities. These are the top 3 scenarios in which high-performing health systems make the smart choice to engage interim executive leaders: 1. Leadership Vacancies and Transitions When there  [continue reading…]

5 Key Reasons Why Recruiting Leaders for Private Equity-backed Healthcare Organizations is Different

Recruiting leaders for private equity-backed healthcare organizations can present unique challenges and considerations compared to recruiting for other types of companies and healthcare delivery organizations.  “Over the years, I have found that executives with PE and VC experience are critical to the success of an organization,” says Troy Keach, vice president of executive search and  [continue reading…]

5 Strategies for Developing Self-Awareness in Leadership

The American Organization of Nurse Leaders’ (AONL) core competencies are anchored by the ‘Leader Within.’ The ‘Leader Within’ seeks feedback, reflects, and understands how their thoughts influence their actions. In short, the ideal leader is self-aware—and they seek to become even more self-aware. Why Does Self-Awareness Matter for Leaders? As leaders ascend to senior echelons  [continue reading…]

5 Tips for Cultivating Civility in Healthcare Organizations

A workplace is only as good as its culture, and a culture can’t thrive without civility. Civility in healthcare organizations fosters teamwork, reduces conflicts, and can enhance productivity. What’s more, civility is an ethical obligation for nurses. The ANA’s Code of Ethics for Nurses with Interpretive Statements states that nurses are obligated to create an  [continue reading…]

How an Interim Lab Manager Improved Operations and the Bottom Line

When the executive team of this 250+ bed California community hospital discovered challenges in Laboratory Services, they contacted Kirby Bates Associates for a highly qualified Interim Director to align the department with contemporary best practices and technology. Within days, KBA engaged a seasoned interim leader who had additional expertise in LEAN Principles and Practices to  [continue reading…]