Most healthcare CEOs plan to make changes to address the many ways in which customers’ expectations are evolving: 94% plan to alter their customer growth and retention strategies, while 84% plan to alter their channels to market. Few have embarked on these changes, though, let alone completed them.
86% of healthcare CEOs believe technological advances will transform their businesses in the next five years. And they’re far more conscious than other CEOs of the huge role demographics will play – 84% see it as a transformative trend, compared to just 60% across the sample.
New frontiers in healthcare
Technology is already having a far-reaching impact on healthcare delivery and CEOs are already planning ways to take advantage of this trend: 89% plan to improve their ability to innovate; 93% plan to change their technology investments; and 95% are exploring better ways of using and managing big data.
But there’s a big gap between where healthcare CEOs are now, and where they want to be. Only 25% have already started or completed the changes they’re planning to make their companies more innovative. Only 33% have altered their technology investments, and only 36% have made any headway in getting to grips with big data.
Healthcare companies need to get better prepared
Why the delay? Only 31% say their R&D functions are well prepared, and only 41% say their IT functions are well prepared, to capitalise on the trends now reshaping the world.
Concerns that a newer technology could render their efforts obsolete are a likely factor: 57% of healthcare CEOs are worried about the speed at which technology is progressing. That’s far more than across the sample as a whole.
Healthcare CEOs are focusing on collaboration
To address the changing landscape, healthcare CEOs are also actively looking at transactions. More than half have entered into a joint venture or strategic alliance in the past 12 months (vs. one third of the total sample) and a full 69% plan to do so in the coming 12 months (versus 44% of the total sample).
Still, they acknowledge they could get better: more than four-fifths of all healthcare CEOs concede that they either need to change, or are already changing, their strategies for initiating such arrangements.
Read: https://www.pwc.com/gx/en/ceo-survey/2014/industry/healthcare.jhtml
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
