New York City, New York – September 9, 2017 – Battalia Winston today announced that the leader of their Life Science and Healthcare team, Gilbert Carrara, Jr., MD spoke at the Martin Tuchman School of Management Fall program on Globalization 2020 at UN Headquarters in NYC on September 8th .
From Davos to Wall Street, concern over job losses, trade imbalances, falling wages and environmental impacts has shifted the pro-globalization consensus, with various camps reflecting diverse perspectives as to the real impacts. Are we witnessing a clearer view of the pros and cons of free trade and nebulous borders or is there a fundamental shift in the view of globalization’s effects and benefits, from those industry leaders, financial elites, and economists, who were once its most ardent proponents?
Also present at the conference were the Dean and professors from the Tuchman School of Management, executives from the UN Headquarters, Verizon, Toys”R”Us, Prudential and IRI Worldwide.
Dr. Carrara spoke directly to the current state of the global job market and the direction it is most likely going to take in the future with the rapid expansion and globalization of businesses. He gave real life examples of how company executives are selecting executives and organizing their teams using people analytics and provided job market perspective on what executive candidates will need to think about when applying for roles in the future. He also discussed the impact that artificial intelligence and machine language will have on the job market in the near future. Gil works with large and small life science and healthcare companies around the globe and has seen the impact that globalization has made on the careers of current senior executives and will most likely make on our future executives’ careers. He concluded by discussing where he felt shortages of talent and global competition will most likely be seen in the future and explained how corporations will need to manage their executives more effectively than in the past in order to retain them.
Healthcare practice leaders Gilbert Carrara and Adam Millinger have co-authored a piece for H&HN Daily, a publication of the American Hospital Association. In their article, Carrara and Millinger explore how leaders with a diversity of experience, a commitment to data-driven thinking, and an entrepreneurial approach will better manage the transformation required by the ACA.
Adam J. Millinger, LCSW and Gilbert J. Carrara Jr., MD have authored an article for Advance Healthcare Network’s publication ExecutiveInsight.
Millinger and Carrara discuss a new leadership role that has emerged in light of the healthcare overhaul, often called the Head of Accountable Care or Chief Integration Officer, and identify the core capabilities healthcare leaders should be looking for in candidates for this position.
As the healthcare industry reshapes itself in response to the Affordable Care Act, nurses – the employees on the front-lines of healthcare – will be one of the most impacted groups. The most effective hospitals will employ teams of efficient, talented nurses, and in order to build teams deserving of that designation, they’ll also need to employ highly skilled and effective Chief Nursing Officers.
The Chief Nursing Officer role is a big one – one that’s changed quite a bit over the past decade. Today’s CNO needs to be prepared to tackle the following priorities:
In the 1970s and 80s the Chief Nursing Officer role was called the VP of Patient Care Services. At that time, the nursing field was composed almost exclusively of women, and the CNO was rarely included in strategy planning or major hospital decisions. The nursing group was often forced to operate in its own silo, not allowed to participate in larger discussions about hospital strategy.
Fortunately, the playing field is leveling, and CNO’s are now gaining seats at the table with other C-level executives, increasingly playing a role resembling a Chief Operating Officer. Now they must be able to think strategically about larger hospital objectives. Moreover, since more departments – radiology, laboratory, and case management, for example – fall under the CNOs span of control, s/he needs to represent those voices at the table. The CNO must be able to collaborate with other hospital departments, serve as an advocate for the teams s/he oversees, and understand how the nursing department’s performance impacts the hospital.
Talent Management and Development
The newest generation of nurses will be caring for a dramatically different type of patient. Because the Affordable Care Act makes preventative care more accessible, those patients that do need hospital care will be much sicker. The quantity of patients will decrease, but the level of care required will increase. As a result, nurses will need to focus less on productivity and more on quality of care. The CNO must be able to identify and hire highly talented nurses, but must also be able to retain those nurses and dedicate the required resources to invest in their development and continuing education.
Understanding the Economics of Healthcare
Because ACA regulations hold hospitals accountable for the quality of patient care, there are financial implications of nurses’ daily decisions. The Chief Nursing Officer must understand the long-term consequences of the services nurses provide. S/he must be able to relay the financial risks associated with poor care to her counterparts in hospital administration and strategize how to effectively mitigate those risks.
In addition to building a highly talented team, a CNO must think about developing a pool of qualified candidates to step into the CNO role. Today’s CNOs are largely in their late 50s and 60s, nearing retirement age, so succession planning should be top of mind. Additionally, many young nurses are taking specialty tracks, like informatics and nurse practitioning, so it will become increasingly important to identify nurses that are both focused on high-quality care and interested in entering a leadership position.