| Healthcare executive leadership has gone global. As a | | | | Other speakers focused on the current strategies |
| result, a growing number of opportunities are | | | | that healthcare investors and operators are pursuing |
| becoming available for individuals whose career | | | | as providers, payers, investors, patients and |
| planning efforts have prepared them for the | | | | technology converge. And, through this convergence, |
| extraordinary challenges and the long-term rewards | | | | I am fortunate to play an active role in finding the |
| that an international assignment offers. However, the | | | | outstanding Healthcare executive leadership talent |
| expectations are high when it comes to making | | | | that international Healthcare organizations will require |
| Healthcare executive leadership placements into a | | | | to achieve their aggressive business goals. |
| foreign market, and a prospective executive must be | | | | As a result of my ongoing involvement in the |
| fully prepared to meet those challenges head-on. | | | | Healthcare leadership arena, I have three career |
| "Well done is better than well said!" is a quote from | | | | planning suggestions that aspiring international |
| the New England Patriots' Tom Brady (and Ben | | | | executives would be wise to adopt as they strive to |
| Franklin) and it summarizes the mindset of global | | | | develop the knowledge and skills to lead a global |
| investors and global operators as they recruit | | | | Healthcare business. |
| individuals to lead foreign or multinational business | | | | |
| entities. In other words, a successful track record | | | | 1. Use Coaches and Mentors. Tiger Woods has used |
| delivering superior financial and operational results will | | | | multiple coaches over the years to help improve his |
| help your achieve your international leadership goals | | | | game. Similarly, you need to identify two or three |
| far better than merely words and potential. This is | | | | senior individuals who are interested in taking an |
| why personal global career planning pays off in the | | | | active role in your executive leadership development. |
| long-run. | | | | Whether as coaches or mentors, these individuals can |
| We recently helped sponsor the "2007 Strategic | | | | provide you with invaluable insight and global career |
| Investing in Healthcare Forum." This was an invitation | | | | planning guidance. In addition, you can select your |
| only, one-day conference that brought together | | | | own informal mentors by watching Healthcare |
| members of the Harvard Business School and the | | | | executive leaders who are currently successful in the |
| Argyle Executive Forum, plus 150 senior operating | | | | roles you are striving to achieve. Study their |
| executives from public and private Healthcare firms, | | | | successes and their mistakes. In completing more |
| select private equity and hedge funds, prominent | | | | than 225 Healthcare retained searches, those who |
| research fellows, and key senior advisors. And, as a | | | | have achieved the greatest corporate success have |
| result of these discussions, I now find myself thinking | | | | aggressively pursued mentoring relationships |
| about ways that up-and-coming Healthcare | | | | throughout their career. |
| executives can best prepare themselves to achieve | | | | 2. Be Seen and Be Known. Financial investors and |
| their global career planning ambitions. | | | | operators who are deploying tens and hundreds of |
| I should mention that over the course of this one | | | | millions of dollars in new capital are consistently |
| day event, Healthcare leaders shared their focus and | | | | looking to hedge their bets through the recruitment |
| innovative approaches towards booming global | | | | of experienced, well-referenced and well-known |
| markets, the financially-stretched domestic market, | | | | executives. Show a keen interest in your industry, in |
| and the global demographic trends that will either | | | | your businesses fundamentals, and in your |
| clobber economies or empower businesses to solve | | | | opportunities and obstacles in order to deliver stellar |
| complex issues. Speakers for the event included | | | | results and develop relationships with influencers. |
| representatives from Apax Partners, GE Healthcare, | | | | Through your efforts and success you will find |
| GE Healthcare Financial Services, Bain Capital, Welsh, | | | | interest from those within your industry to invite you |
| Carson, Anderson & Stowe, The Blackstone | | | | to speak, present or join an industry panel on key |
| Group, CCMP Capital Advisors, Merrill Lynch, GTCR | | | | issues and trends. The value of your business |
| Golder Rauner, Ropes & Gray LLP, Bank of | | | | success can lead you to exceptional personal |
| America, and Epstein Becker & Green, P.C. | | | | contacts, which in turn can significantly improve |
| All of the speakers were extremely candid and | | | | future business opportunities. Your business acumen |
| informative. However, here are just two examples of | | | | and success can take you to the door of a global |
| the broad array of globally-focused topics that were | | | | Healthcare executive leadership opportunity. Having |
| discussed: | | | | strong industry relationships can be what actually |
| Buddy Gumina, a Partner at US Healthcare - Apax, | | | | opens that door and allows you to enter. |
| discussed coverage, consumerism and convergence | | | | 3. Do your Best Work Today. Without a doubt, |
| as it relates to managed care, healthcare services, | | | | ambition is required for the level of success you |
| provider transparency, interactive technology, | | | | desire. However, focusing too early on your next |
| preventative medicine and outsourced pharma. Apax | | | | opportunity can cause you to lose sight of your |
| has a thirty year track-record as a global private | | | | current business goals and responsibilities. This can |
| equity firm with a strong healthcare presence. | | | | negatively impact your trajectory. Outstanding |
| Joe Hogan, President and CEO of GE Healthcare, | | | | performance is recognized and should always be your |
| stated that the company's basis for growth and the | | | | primary objective. |
| focus of its global-leading $17 billion business is to | | | | Establishing yourself as the winning executive for a |
| continue to drive innovation and world-class | | | | global Healthcare executive leadership opportunity |
| dominance across IT and diagnostics. The breadth of | | | | requires strong foundational skills, a successful |
| opportunities for GE Healthcare is tremendous as a | | | | track-record, solid relationships, keen industry insights, |
| result of the exploding second and third world | | | | and much more. Global career planning presents new |
| markets where infrastructure and utilization are the | | | | opportunities. Therefore, keep pushing yourself |
| focus for the design and development of full-scale | | | | forward in your professional growth and remember, |
| digital hospitals. | | | | "Well done is better than well said. |