EXECUTIVE BOOK SUMMARY
Below is a summary of the book written by CTI Leadership’s CEO, Mo Kasti, about Physician Leadership.
THE Rx FOR HEALTHCARE TRANSFORMATION
Mo Kasti’s Physician Leadership: The Rx for Healthcare Transformation explains why physician leadership is an essential component to successful healthcare transformation and why most physicians are currently ill-prepared to lead others.
Kasti highlights the symptoms that physicians and healthcare organizations are experiencing as a result of a leadership vacuum and provides a solution that defines, measures, analyzes, improves, and verifies leadership evolution.
Many specific examples, which will resonate with anyone working in healthcare today, as well as successful case studies, are included.
WHY THIS BOOK
At almost 18% of GDP, our current healthcare cost structure is unsustainable. The industry must undergo a major transformation, a change akin to turning the proverbial barge during a hurricane.
As providers and payers begin the difficult process of transformation, the people who are the lifeblood of healthcare – physicians – are suffering some unintended, and unfortunate consequences:
- An increasing number of physicians seek early retirement citing “burnout” while more retrench between private practices and hospitals.
- Job dissatisfaction is at an all-time high, resulting in more than 20 percent of physicians moving to a different hospital within the third year of their hire.
- Hospitals and physician practices are experiencing record levels of turnover with an average annual rate of nearly 7 percent.
- The annual cost of turnover to healthcare organizations averages $1.25 million per physician.