5 stories we are following today at Becker's Healthcare. 1. What’s driving Providence’s $400 million turnaround. Kristin Kuchno Hats off to Erik Wexler and the Providence team. https://lnkd.in/gxJEbtga 2. How listening changed the way I lead. Pete November Ochsner Health CEO https://lnkd.in/gXVJyG9m 3. We are excited to welcome Tom Brady and Caitlin Clark as keynotes to our CEO CFO Roundtable in November. https://lnkd.in/gHTiu9UC 4. Leading through disruption: 6 ways healthcare CEOs turn trends into strategic advantage. William Morice II, MD, PhD Mayo Clinic Laboratories https://lnkd.in/g6bNnnEP 5. We have a supply demand problem with specialists and sub specialists that is very daunting. Coverage for all is a good goal. A far better goal is having enough specialists to take care of the demand we have. There are approximately 27000 to 28000 oncologists in the nation and nearly 2 million new cancer diagnoses a year. Those numbers don’t work.
This is an excellent article and a testament to the entire leadership team at Providence, led by Erik Wexler. To move the needle of a comprehensive health system in this manner is exceptional. My analysis is that Erik's leadership philosophy is becoming quite visible. He is emphasizing operational discipline, simplification, selective investment, organizational accountability, and a stronger distinction between core businesses and services that can be partnered, transferred, or reduced. Becker's reports that Providence deliberately postponed some investments during the turnaround rather than pursuing multiple strategic initiatives simultaneously. Now that operating performance has improved, I suspect that Erick will move to the next phase, shifting from retrenchment toward growth, but with a substantially higher threshold for capital allocation. I like his philosophy and mimic his "Pillars of Excellence" in Radiology. Thanks for sharing. Kellyemrick.com, kellyemrick.blog
Erik Wexler
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Scott Becker thank you for sharing this. I am so proud of the Providence caregivers, leaders and clinicians who are making this progress happen.
Number 5 is spot on, Scott. We must create more residency opportunities for specialties in the US. At the same time, we need to see where our current specialists can pass on responsibilities to NP/PA. I’m also concerned folks aren’t recognizing the advanced age of many specialists. Just as we have guidelines for pilots to retire at 65 we must start thinking about that in healthcare. I believe these end of career specialists are invaluable but can’t be expected to perform at the level of middle-age specialists 🤍