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Image by Gerd Altmann from Pixabay.  Change can be good in the leadership of healthcare providers and vendors. Conversely, change, if not managed correctly organizationally, can be debilitating. And the professional sports world is full of examples of good and bad change, from leadership to players. The point is that major professional sports teams in leagues worldwide live in a continuous cycle of evaluation and change regardless of the sport. In the professional sports world, the common saying from GMs and coaches to owners, players, staff, and fans when explaining change is “if you’re not changing, you’re falling behind.” Thinking image by Pexels from Pixabay. When you think about that statement, there is a pearl of intuitive wisdom for healthcare providers and vendors, working in a sea of change coming from all directions. This was never truer as we continue to experience upheaval driven by seismic shifts in technology, diagnosis, treatment, care delivery, and innovative new e...

  Image by Tumisu from Pixabay I think a critical set of questions is left out of most healthcare provider and vendor business and marketing decisions. We all do our business, marketing, and strategic plans, trying our best to divine where the healthcare business environment is headed. Providers and vendors attempt to account for technological, care, regulatory, reimbursement, patient choice decisions, and unexpected innovation that disrupts an industry segment. We eye our competitors for weakness or emulate in some way. Sometimes we take a strategic decision or take a marketing action simply because Modern Healthcare says so, attended a conference, seminar, or webinar, or a competitor took an unexpected direction and decided you needed to do that too. It could very well be because the CEO said so. Often, we overlook asking the most basic of questions in all of our thinking and analysis, missing answers of strategic importance. While on paper and in our minds, it is all achievabl...

Over the last couple of weeks in the Lessons from the Field series, we looked at the ten deadly sins that midsized healthcare vendors make daily that stall growth. ( In case you missed parts one and two, here are the links "Lessons from the Field - 10 Deadly Sins Stopping Midsized Healthcare Vendor Growth Part 1" http://bit.ly/300vgUS and "Lessons from the Field - 10 Deadly Sins Stopping  Midsized Healthcare Vendor Growth- Part 2" http://bit.ly/2N3aP7a .) Image by Peter Linforth from Pixabay This week we're going to take a look at essential leadership characteristics needed to drive growth. There is no way around the fact that leadership and company growth are highly intertwined.   It makes not a bit of difference if you're a start-up, small or midsized healthcare vendor, or a large multinational company whose revenue counts in the billions of U.S. Dollars or Euros. Leadership determines whether you're growing or stalling growth. Leadership? I'm a...

  Image by Tumisu from Pixabay Part two of a two-part series. In part one of “Lessons from the Field - 10 Deadly Sins Stopping Midsized Healthcare Vendor Growth”   http://bit.ly/300vgUS , we examined the first five reasons why midsized healthcare vendors are not growing organically. To recap, the first five reasons were:  1.        The person or group who started the company or came in and grew it to a certain level is still there.  2.        The entire focus of the management team is making money.  3.        A comprehensive business vision and strategy is lacking.  4.        Internal communication is limited and focused on a transactional basis.  5.        There is no organizational culture, or the culture is broken .   In part two, we continue our journey with reasons six to ten. Reasons six to ...

  Image by Tumisu from Pixabay Part one of a two-part series. I have had the privilege of working for some great healthcare providers and vendors over my career, from the midsized regional and national companies to the multi-billion-dollar national and international healthcare providers and vendors. While there are many different growth strategies, there are several commonalities on why the vendor has trouble growing organically. It is not usually a defective product or service sold in the healthcare provider market. Vendor product updates or enhancements may be late in responding to innovation in the market, but in most cases can be overcome. The factors are more related to the organization and how it is managed. Being beat in the market by competitors is one thing.  Beating yourself is far more deadly than competitors. From these experiences, I have identified the ten deadly sins being made that inhibit organic growth. In part one, we’ll look at deadly sins inhibiting grow...