Professor, Author, Speaker & Consultant
Category : Healthcare Leadership
Physicians are considered to be the ideal leaders in healthcare as they have been through tough training for many years and they are in charge of 100% of the healthcare dollars spent. They know medicine but unfortunately, they lack management skills such as strategic planning, negotiation, budget and financial decisions.
Category : Leadership
Believe it or not, 2017 is right around the corner. I invite you to consider making 4 wise leadership investments next year!
Category : Leadership
Setting aside 15 minutes a day can help you prioritize, prepare, and build a stronger team.
Category : Analytics Healthcare Leadership
Executive Summary
When most people think about the challenges of implementing healthcare analytics, they wrongly expect it to be the data, talent or technology. Executives that have been successful implementing healthcare analytics know the top challenge is leadership. In a study performed recently, leadership was identified as the top challenge by participants. In fact, it wasn’t even close. Leadership was identified as a challenge by 29% of the respondents versus 18% for data and 14% for talent. Statistically, this is a huge difference.
Category : Leadership
These are habits best avoided, if possible!
Category : Analytics Data Management Data Science General Leadership
Organizations are finding that hiring qualified Data Scientist is a real challenge. Experienced Data Scientists are expensive and are usually employed elsewhere. This high demand, low supply economics is leading to a situation of the ‘haves’ versus the ‘have-nots’, where the larger, financially rich organizations in the ‘sexy’ industries are most capable of attracting and hiring data scientists, while the lesser companies will have to make do without one.
Organizations are looking at new approaches to finding data scientists. Some are able to attract them with more than money like autonomy and development opportunities. Others are training current staff to become more data literate through professional development programs. Once trained, these individuals typically must work 12 to 24 months at the organization or have to pay back the amount spent on their training.
There is another approach that should be considered.
Category : Analytics Data Management General
I attended Predictive Analytics World in Chicago the week of June 20 to June 23. I met a lot of new people and was reacquainted with several other colleagues. As I listened to 2 days of workshops and the pre- and post-conference workshops, some common themes emerged. Most of these themes confirmed what I have been touching on in the presentations I’ve made at conferences over the last few years and discussed in my book, Competing On Healthcare Analytics, but it was reassuring to hear the same concepts presented by others.
Category : Analytics Healthcare Leadership
The healthcare industry generally recognizes the need for population health management. It has the potential to save lives, improve health and save money. A key component of population health management is analytics. But, as widely accepted as the need for population health management is the fact that most don’t know where to start. A survey of healthcare executives by Stoltenberg Consulting revealed that 41% of respondents identified data analytics and business intelligence as a priority for the year 2015. The problem is that 84% of them have questions about where to start their implementation efforts.
Category : Analytics Data Management Healthcare Leadership
The rate of change in the healthcare industry has been staggering. From Electronic Health Records to ICD-10 to Population Health, few industries have undergone such change in such a short amount of time. The silver lining in this change is the treasure trove of digital data, which will enable providers to analyze and compare information across thousands of patients instead of relying on the anecdotal evidence they previously used.
Category : Healthcare Leadership
During a workshop at the Healthcare Analytics Symposium held in Chicago in July, a study was conducted by the Healthcare Center of Excellence (healthcarecoe.org) to determine what the participants perceived were the top challenges they faced in implementing analytics at their healthcare organization. The participants included people from all levels of healthcare organizations from locations across the country. Each participant was asked to identify up to 5 challenges they faced in implementing healthcare analytics. They were also asked to then work in a group and develop 3 solutions to overcome the top challenges they identified. While the challenges facing healthcare analytics implementation may not surprise anyone, the ranking of the challenges might receive some unexpected attention.