Putting Finance Executives in Charge of Health Care? - What Could Possibly Go Wrong?

A US News and World Report article affirms what we have previously written, that those charged with the stewardship of US hospitals are even more inclined now to hire top managers with little or no health care experience or credentials. Putting Finance Managers in Charge They particularly seem to favor executives drawn from the world of finance.Just to make it really clear, the exposition started with the article title, Wanted: Hospital CEOs Without Health Care Experience The article drew on some of the figures about executive hiring which we discussed in December, 2013,It’s expected that two-thirds of hospital CEOs hired this year will have little to no health care experience, according to Black Book Rankings, which last year conducted a poll of 1,404 human resource officers and board members of health care organizationsHowever, the new article profiled some examples,.When Carlos Migoya was hired in May 2011 to run Jackson Health System, Miami-Dade County’s safety net hospital system, he had no health care experience. A career banker, Migoya took over.....Also,Mike Keating, CEO of Christ Hospital in Cincinnati, previously was an investment banker.;Robert Meyer, president and CEO of Phoenix Children's Hospital, came from the consulting world;... The article stressed that hospital boards think a background in finance is particularly valuable.Hospital board and HR directors are looking for non-industry productivity, business development and financial manag...
Source: Health Care Renewal - Category: Health Medicine and Bioethics Commentators Tags: finance financialization generic management generic managers hospitals ' coup d etat Source Type: blogs