Where Is Your Career Headed?

Are You Positioned To Advance In An Evolving Healthcare Marketplace?

Jennifer Heenan June 2016

Agenda I.

About Spencer Stuart and Our Healthcare Services Practice II.

Building Your Career

> > > Career Track Questions Critical Attributes Launching Your Career

III.

Discussion

What We Value

We believe leadership is critical and are motivated by the power of our work to improve the vitality and fortunes of client organizations, as well as the lives of individual executives

About Spencer Stuart Who we are

> Global executive search and

leadership advisory firm

> Shaping and leading the search advisory industry for 60 years >

400 consultants

with experience in industry and functional leadership as well as executive search > 50 specialists in assessment, culture and team effectiveness

Where we are

> In 56 offices in 30 countries around the world > Our clients range across industries, from the world's largest companies to medium-sized businesses and entrepreneurial start-ups

What we do

> Advise companies on the leadership challenges they face at both the senior executive and board level > Last year we conducted more than 4,000 assignments across nine major industry sectors around the world

Executive Search Board Services CEO Succession Leadership Advisory Services

4

Healthcare Services Practice

We partner with some of healthcare’s most respected organizations to recruit healthcare senior executives with the appropriate qualifications and leadership traits, who will be a cultural fit. We understand the broader life sciences marketplace and are in regular contact with seasoned executives and rising stars in key functional areas: > Hospitals and Healthcare Systems > Academic Medical Centers > Health Sciences/Medical Schools > Physician Organizations > Payors / Health Insurance Plans > For profit Healthcare Organizations > Specialty Hospitals > Health and Medical Associations > Disease Management / Wellness

Healthcare Services Practice

Our U.S. Consultant Team

Los Angeles

Jennifer Heenan Jack Schlosser

Chicago

Suzy Cobin Charles Falcone, MD Brian Barton

Houston

Mary Bass Dieter Freer Amanda Fox

Boston

Mark Furman, MD

New York

Kathryn Sugerman

Philadelphia

Alexis Stiles

Washington DC

Anne Simonds 6

Pursue the Path You Love “

It is never too late to be what you might have been.

”

– George Eliot

“

Life, as I see it, is not a location but a journey. Everything is in flux and is meant to be. We may live at the same number on a street, but it’s never the same person who lives there.

”

– Henry Ford

“ Man cannot discover new oceans unless he has the courage to lose sight of the shore.”

– Andre Gide

Building Your Career

Career Track Questions

Success — How Do You Define It?

> > > > > > > Impact Professional fulfillment and satisfaction Respect of and ability to influence supervisors, peers and subordinates Scope of responsibility Achievement of professional goals Compensation Work life balance

Building Your Career Career Success Factors Early Career

> > > > > > > Educational credentials Intelligence Subject matter expertise and technical skills Accomplishments Work ethic Team player Seek a mentor

Career Track Questions

Mid Career

> > > > > > > Experience and achievements Passion and ability to lead and inspire followership Working with and through others Political astuteness Emotional intelligence Judgment: think like the highest ranking person in the organization Constant learning and new skills

Building Your Career

> Studies show that the average working American will have three to five careers and between 10 to 12 jobs during his or her lifetime (Source: Careers in Transition, LLC) > As baby boomers age, there will be more retirements and need for executives at the senior level > Impact of healthcare regulations and reform requires healthcare executives to adapt and develop new skills

Healthcare Options

What are you doing to ensure you successfully work through career challenges and opportunities ahead?

Building Your Career Career / Job Change Assessment

> > > > > > Do I like my job?

How was my last review?

Am I gaining momentum, treading water, or slipping?

Are there opportunities for growth?

What if I lost my job?

Timing of transitions?

Career Track Questions

Building Your Career

Career Track Questions

General Positioning

> > > > > > What am I passionate about?

Do I have any experience?

Am I ready to give up practicing medicine?

What have I achieved in the area I am targeting?

Who do I know?

What are the supply/demand issues relative to a career in this area?

Building Your Career Sectors

> > > Hospitals or Health Systems Academic Health Sciences Payors > > Medical Groups Not-for-Profits > > Public Sector Consulting > > > Associations Foundations Research Institutes

Emerging Areas of Focus

Emerging Areas of Focus

> > > > > > > • • • Strategy and Innovation Population Health Accountable Care Quality and Outcomes Patient Experience Ambulatory Healthcare Services Intersection of Technology and Healthcare Information Technology Rollouts Data Mining & Analytics Digital Health

Building Your Career

Lay Executive Roles

C-Suite and Other Executive Roles

> Chief Executive Officer > Chief Operating Officer • • VP Operations Service Line and Institute Directors > Chief Financial Officer • VP Finance, VP Revenue Cycle > Chief Strategy Officer • M&A > Chief Human Resources Officer > Chief Information Officer • Data analytics, EHR > Chief Marketing Officer > Chief Compliance Officer > Government and Regulatory Affairs > Chief Legal Officer > Chief Diversity Officer > Chief Population Health • Network Development,

Building Your Career Physician Executive Roles

> Chief Executive Officer > Chief Operating Officer > Chief Medical Officer > Vice President, Medical Affairs > Medical Director > Division Chief > Department Chair

Physician Executive Roles

> CEO, Physician Organization / Practice Plan > Chief Innovation Officer > Chief Clinical Officer > Medical Director, Population Health > Chief Medical Information Officer > Chief Quality Officer

Building Your Career

Critical Attributes

Critical Capabilities and Leadership Attributes

> > > > > > > > > Vision and strategic thinking Operational experience and results orientation Financial acumen & P&L responsibility Interpersonal skills, political astuteness and collaboration Communication skills Service and quality orientation Adaptability, ability to deal with ambiguity and willingness to take calculated risks Technological savvy Honesty and integrity – “Do the right thing” > > > > > > > > > > > Change management Learning orientation Innovative thinking Strong work ethic Problem solver Building and leading teams Cultural competence / commitment to diversity Humility Energy Positive outlook Sense of humor

Building Your Career

Preparing for a Move

Preparing For A Move

> Broaden functional experience; proactively volunteer for assignments – show passion and deliver > Educational credentials > Be visible – “get to the podium” > Identify a mentor(s) > Be a resource to superiors, subordinates, peers > Network > Associations (ACHE, CHA, HCE) > Informational meetings > Social media (but be careful) > Interviewing > Be willing to take a risk; make a move > Be flexible

Launching Your Career as a Healthcare Leader

         Follow your passion and set a course for yourself; pursue paths where you are best suited Be intellectually curious and creative Be flexible and avoid being pigeonholed Be willing to take a calculated risk and go into a discomfort zone Have self-awareness Build your network Handle setbacks with grace Time your transitions Pace yourself – your career is a marathon

“

Great careers are built upon hundreds of thousands of small efforts, undertaken daily, that eventually grow into a series of satisfying wins.

” - William S. Frank