- A joint survey from the American Association of Physician Leadership and the Navigant Center for Healthcare Research and Policy found that 90% of physician leaders agree financial understanding and access to capital is key in their profession, but less than half said their organization offered a formal training program.
- The survey included 2,030 respondents, consisting of medical directors, staff physicians and CMOs.
- Major survey findings showed 63% believe business knowledge is important in purchasing goods or services and in negotiation with lenders or investors (65%), and 78% believe the ability to evaluate risks associated with acquisitions or new businesses is important.
As the healthcare system becomes more driven by value-based care, more comprehensive physician leadership training programs will be important for success.
Dr. Paul Keckley, managing director of Navigant Center for Healthcare Research and Policy Analysis, said: "The survey results demonstrate the timely need to educate and empower physicians as leaders within healthcare organizations. In order to hold physicians accountable for value-based care, it is imperative to create a consistent methodology for managing costs and delivering high-quality care."