The value of physician leadership
An extensive review of the literature, followed by dozens of interviews with health care leaders, confirms that matured physician leadership will be essential for health care to continue moving toward higher quality, consistent safety, streamlined efficiency and becoming value-based. The health care industry has entered an era marked by seismic change and disruption of the status quo, and one area that is experiencing high demand and explosive growth is physician leadership. Today,
... Today, approximately 5 percent of hospital leaders are physicians, and that number is expected to increase rapidly as the health system moves toward value-based care. 1 "The decade we're in is probably going to lead to the greatest amount of change that's been experienced for the last hundred years in health care," said Dean Gruner, MD, president and CEO of ThedaCare Inc., and a board member of the ThedaCare Center for Healthcare Value in Appleton, WI. 2 Considering the rising rates of chronic disease, the growing physician and nurse shortages, and the aging of our population, the current environment presents outstanding opportunities for physicians to develop lasting improvements in care delivery. Overall, this represents a period of extraordinary opportunities for physicians to provide leadership. A constellation of forces place physicians at the center of this stage: • The shift from a volume-based to a value-based system. • The public health-oriented focus on the management of populations toward wellness. • The fundamental redesign of clinical care models in several settings. • The financial payment models that have begun rewarding health care organizations for clinical excellence and coordinated care at reduced cost.