11 must-reads for healthcare leaders this week

Culture. Productivity. Strategy. Execution. These ideas will never go out of style for hospital and health system leaders.

The following leadership articles were published by Becker's Hospital Review in the last week.

1. 8 key strategies for improving a hospital's margins
As healthcare shifts toward value-based care, hospitals are looking for new ways to improve quality without unnecessarily increasing the cost of care. Here are some key strategies for financial success.

2. 5 time-tested best practices for CEO selection
A poor CEO selection can cause very costly, public problems for organizations. No amount of mentoring, coaching or senior team members with complementary skills can recompense, according to a recent article in the Harvard Business Review. 

3. New leadership challenges for healthcare
When it comes to leadership, hospitals resemble organizations like universities in terms of their diverse, decentralized power centers. It is no surprise that the traditional "command and control" model of leadership does not suit these institutions' proud professionals (nor can it keep pace with the constant triaging necessary in a hospital setting). 

4. 3 must-do strategies for executive leaders to permanently improve employee engagement
Every executive leader in healthcare has a vested interest in improving employee engagement — whether he or she acknowledges it or not. Unfortunately, many senior leaders think HR should manage engagement or they are looking for a magic formula when it comes to sustained improvement. Of course one doesn't exist.

5. 3 healthcare CEOs on turning challenges into opportunities
For an industry that favors stability, healthcare has faced a number of major changes over the past several years and will continue to confront them in the immediate future, particularly as the push for improved quality, access, transparency and affordability continues.

6. The corner office: MGMA CEO Dr. Halee Fischer-Wright on becoming part of the solution
The healthcare industry has its fair share of challenges, from navigating the ceaselessly changing regulatory environment to improving quality and outcomes amid shrinking reimbursements. At the helm of Englewood, Colo.-based Medical Group Management Association, Halee Fischer-Wright, MD, emphasizes the importance of working together to devise effective solutions. 

7. Most hospitals, health systems lack consumer-centered capabilities: 5 things to know
A majority of hospitals and health systems recognize the importance of consumerism, but most lack consumer-centered capabilities, according to a State of Consumerism in Healthcare survey by Kaufman Hall and Cadent Consulting Group.

8. Dr. Charles Sorenson: 10 common — and detrimental — misperceptions on healthcare
Much of the discourse on the current state of U.S. healthcare centers on the rapid pace of change, an uncertain future and serious financial challenges for patients and providers alike. With the recent presidential election of Donald Trump and the likelihood that the ACA will be fundamentally changed or repealed, the future of U.S. healthcare is less certain than ever.

9. Consolidate or go it alone? 2 hospital CEOs discuss strategies for the future
When hospitals consider the future, many factors come into play, including financial position, market share and branding. But when it comes to the most important factor — how to best serve patients — there is no one best strategy.

10. What makes a great leader?
Even the most revered leaders must constantly seek ways to become better. As industries evolve, rules and regulations change, technology and communication tools advance and a new generation of workers emerges, great leaders remain perceptive to new competencies they must build and timeless management skills they must enhance.

11. The 1 thing about healthcare that needs to change: 4 executives weigh in
From the shift to value-based care to increased price transparency, the healthcare industry is in the midst of significant changes that are aimed at efficiently improving care. However, for that goal to be achieved, problems in the industry such as disparity in access to care and confusing billing systems still need to be addressed, according to healthcare executives.

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