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Jennifer Heenan June 2016 Where Is Your Career Headed? Are You Positioned To Advance In An Evolving Healthcare Marketplace?
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I.About Spencer Stuart and Our Healthcare Services Practice II.Building Your Career >Career Track Questions >Critical Attributes >Launching Your Career III.Discussion Agenda
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What We Value We believe leadership is critical and are motivated by the power of our work to improve the vitality and fortunes of client organizations, as well as the lives of individual executives
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About Spencer Stuart Who we are >Global executive search and leadership advisory firm >Shaping and leading the search advisory industry for 60 years > 400 consultants with experience in industry and functional leadership as well as executive search > 50 specialists in assessment, culture and team effectiveness Where we are >In 56 offices in 30 countries around the world >Our clients range across industries, from the world's largest companies to medium-sized businesses and entrepreneurial start-ups What we do > Advise companies on the leadership challenges they face at both the senior executive and board level >Last year we conducted more than 4,000 assignments across nine major industry sectors around the world Executive Search Board Services CEO SuccessionLeadership Advisory Services 4
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Healthcare Services Practice >For profit Healthcare Organizations >Specialty Hospitals >Health and Medical Associations >Disease Management / Wellness We partner with some of healthcare’s most respected organizations to recruit healthcare senior executives with the appropriate qualifications and leadership traits, who will be a cultural fit. We understand the broader life sciences marketplace and are in regular contact with seasoned executives and rising stars in key functional areas: >Hospitals and Healthcare Systems >Academic Medical Centers >Health Sciences/Medical Schools >Physician Organizations >Payors / Health Insurance Plans
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Dieter Freer Amanda Fox Our U.S. Consultant Team Healthcare Services Practice Los Angeles Jennifer Heenan Houston Mary Bass Boston Mark Furman, MD Jack Schlosser New York Kathryn Sugerman Philadelphia Alexis Stiles Chicago Suzy Cobin Charles Falcone, MD 6 Brian Barton Washington DC Anne Simonds
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“ It is never too late to be what you might have been. ” – George Eliot “ Life, as I see it, is not a location but a journey. Everything is in flux and is meant to be. We may live at the same number on a street, but it’s never the same person who lives there. ” – Henry Ford “ Man cannot discover new oceans unless he has the courage to lose sight of the shore.” – Andre Gide Pursue the Path You Love
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Building Your Career Success — How Do You Define It? >Impact >Professional fulfillment and satisfaction >Respect of and ability to influence supervisors, peers and subordinates >Scope of responsibility >Achievement of professional goals >Compensation >Work life balance Career Track Questions
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Early Career >Educational credentials >Intelligence >Subject matter expertise and technical skills >Accomplishments >Work ethic >Team player >Seek a mentor Mid Career >Experience and achievements >Passion and ability to lead and inspire followership >Working with and through others >Political astuteness >Emotional intelligence >Judgment: think like the highest ranking person in the organization >Constant learning and new skills Building Your Career Career Success Factors Career Track Questions
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>Studies show that the average working American will have three to five careers and between 10 to 12 jobs during his or her lifetime (Source: Careers in Transition, LLC) >As baby boomers age, there will be more retirements and need for executives at the senior level >Impact of healthcare regulations and reform requires healthcare executives to adapt and develop new skills Building Your Career What are you doing to ensure you successfully work through career challenges and opportunities ahead? Healthcare Options
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Building Your Career Career / Job Change Assessment >Do I like my job? >How was my last review? >Am I gaining momentum, treading water, or slipping? >Are there opportunities for growth? >What if I lost my job? >Timing of transitions? Career Track Questions
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Building Your Career General Positioning >What am I passionate about? >Do I have any experience? >Am I ready to give up practicing medicine? >What have I achieved in the area I am targeting? >Who do I know? >What are the supply/demand issues relative to a career in this area? Career Track Questions
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Sectors >Hospitals or Health Systems >Academic Health Sciences >Payors >Medical Groups >Not-for-Profits >Public Sector >Consulting >Associations >Foundations >Research Institutes Emerging Areas of Focus >Strategy and Innovation >Population Health >Accountable Care >Quality and Outcomes >Patient Experience >Ambulatory Healthcare Services >Intersection of Technology and Healthcare Information Technology Rollouts Data Mining & Analytics Digital Health Building Your Career Emerging Areas of Focus
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Building Your Career C-Suite and Other Executive Roles >Chief Executive Officer >Chief Operating Officer VP Operations Service Line and Institute Directors >Chief Financial Officer VP Finance, VP Revenue Cycle >Chief Strategy Officer M&A >Chief Human Resources Officer Lay Executive Roles >Chief Information Officer Data analytics, EHR >Chief Marketing Officer >Chief Compliance Officer >Government and Regulatory Affairs >Chief Legal Officer >Chief Diversity Officer >Chief Population Health Network Development,
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Building Your Career Physician Executive Roles >Chief Executive Officer >Chief Operating Officer >Chief Medical Officer >Vice President, Medical Affairs >Medical Director >Division Chief >Department Chair >CEO, Physician Organization / Practice Plan >Chief Innovation Officer >Chief Clinical Officer >Medical Director, Population Health >Chief Medical Information Officer >Chief Quality Officer Physician Executive Roles
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Building Your Career >Vision and strategic thinking >Operational experience and results orientation >Financial acumen & P&L responsibility >Interpersonal skills, political astuteness and collaboration >Communication skills >Service and quality orientation >Adaptability, ability to deal with ambiguity and willingness to take calculated risks >Technological savvy >Honesty and integrity – “Do the right thing” >Change management >Learning orientation >Innovative thinking >Strong work ethic >Problem solver >Building and leading teams >Cultural competence / commitment to diversity >Humility >Energy >Positive outlook >Sense of humor Critical Attributes Critical Capabilities and Leadership Attributes
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Building Your Career Preparing For A Move >Broaden functional experience; proactively volunteer for assignments – show passion and deliver >Educational credentials >Be visible – “get to the podium” >Identify a mentor(s) >Be a resource to superiors, subordinates, peers >Network >Associations (ACHE, CHA, HCE) >Informational meetings >Social media (but be careful) >Interviewing >Be willing to take a risk; make a move >Be flexible Preparing for a Move
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Launching Your Career as a Healthcare Leader Follow your passion and set a course for yourself; pursue paths where you are best suited Be intellectually curious and creative Be flexible and avoid being pigeonholed Be willing to take a calculated risk and go into a discomfort zone Have self-awareness Build your network Handle setbacks with grace Time your transitions Pace yourself – your career is a marathon
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“ Great careers are built upon hundreds of thousands of small efforts, undertaken daily, that eventually grow into a series of satisfying wins. ” - William S. Frank
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