It’s always a tough time for leaders in healthcare. The current political uncertainty exacerbates the usual challenges by making it hard to plan for the future. The uncertainty also adds a risk-premium to pricing, which is contrary to the pressure executives face to stem the tide of ever-increasing healthcare costs. It seems that we are always being required to do more with less.
The good news is that there actually is a real way to do more with less – through accessing the expert gig economy. Often the executives we talk with identify bandwidth and expertise to be the primary limitations to achieving goals – even to achieving cost savings. Streamlined and targeted expertise from an Executive Exchange can fill these gaps.
Some examples of temporary support who can achieve savings / new revenue far in excess of the cost of the resource include:
Save on Actuarial Costs: A skilled former CFO can assist with modeling, scenario testing, and proformas at a lower price point than outside actuaries – and they can do this with a deeper understanding of the operational realties of the business than many actuaries have.
Save on Cost of Healthcare: A temporary VP of Care Management or Clinical Operations can increase the capacity of clinical program interventions under the Chief Medical Officer to accelerate achieving healthcare cost savings.
VP of Network Management: A skilled executive with expertise in contracts and relationships between payers and providers can audit payer contracts to identify opportunities for increased savings / revenue both with contract terms and in how a contract is administered.
Chief Strategy Officer: There is nothing soft or fluffy about the assistance a short term executive can provide to the internal strategic planning team by establishing a process for ongoing scenario planning that helps the organization to manage environmental uncertainty. This helps to prevent misfires and also helps to get a jump on new opportunities that arise from rapid environmental change.
And the list goes on….
We hear regularly that the gig economy is transforming the workforce. According to a study by Deloitte in 2016, almost half of the executives surveyed (42 percent) expect to increase or significantly increase the use of contingent workers in the next three to five years According to research by the Freelancers Union, fifty-three million Americans, or 34% of the nation’s workforce, qualify as freelancers.
At Spring Street Exchange, we’ve embraced this concept by connecting with a network of skilled, sane, practical, and innovative executives who are looking not for their next job, but instead, the next project where they can make a difference. We are not a search firm that interviews people to fill a need. Instead, we connect with our network to see if we have what you need; if not, we’ll tell you that too.
New constraints require new ways to solve problems. Let’s accelerate, collaborate, innovate, make a difference. ______