HealthStream offers performance learning management solutions to help develop your healthcare staff into leaders and reduce turnover.
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View All ProductsHealthStream's proven methods for the improvement and overall engagement of your healthcare staff foster a positive workplace and increase retention rates.
View All ProductsBe confident in your staff’s ability to reduce risk by providing compliance training that changes behavior.
View All ProductsDevelop next-level people for next-level care by prioritizing quality and safety improvements.
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View All ProductsLearn about our advanced resuscitation training solutions. Our solutions are designed to help improve patient outcomes.
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View All ProductsAddress staffing orientation challenges to easily achieve and maintain certification with our emergency and acute care training solutions.
View All ProductsAs a premier provider of healthcare education, we are committed to promoting safer, more successful surgical and sedation outcomes for each and every patient.
View All ProductsOur solutions are designed to cater to the needs of patients, healthcare professionals, and organizations dealing with illnesses or chronic conditions.
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View All ProductsMitigate risk and elevate your quality of care. Improving both clinical and business outcomes starts with a smarter, more integrated approach to regulatory training, continuing education and quality management.
Learn MoreThis article by Kevin Groves, Ph.D., Associate Professor of Management, Graziadio School of Business and Management, Pepperdine University, and President of Groves Consulting Group, was featured in the inaugural issue of HealthStream's Healthcare Workforce Advisor, our quarterly magazine designed to bring you thought leadership and best practices for developing the healthcare workforce.
Of the many critical challenges facing healthcare organizations, including the intensifying transition from volume to value-based performance metrics, reimbursement degradation and dwindling margins, and the emergence of accountable care organizations (ACOs), none is more daunting than the rapidly aging workforce and its impact on identifying and sustaining a pipeline of leadership talent. The ‘5/50 crisis’—a common refrain from human resource professionals regarding the expectation that 50% of management staff will be eligible to retire in 5 years—is exacerbated for healthcare organizations. By 2020, 75% of nurse leaders will have either retired or be eligible to do so while the pools of potential future leaders are shrinking. The Bureau of Labor Statistics (2014) currently predicts that by 2022, the U.S. labor force share of those 55 years or older will increase by 29% while the share of those ages 25-54 and 16-24 will contract by 2% and 13%, respectively. As such, healthcare organizations face the formidable task of identifying high-potential leaders for a surging number of leadership roles while concurrently the pool of potential leaders is shrinking and the requisite leadership competencies of key leadership roles are changing.
These dramatic workforce shifts place a premium on a health system’s talent management capabilities, specifically the identification, development, deployment, and retention of leadership talent. The identification of high-potential leaders in healthcare organizations is particularly critical as many of the published or commercial tools fail to capture the challenges that high-potential employees face as they transition into leadership roles. Given the increasing importance of accurately assessing future leadership talent and the overall lack of research that targets the unique transition challenges of healthcare leaders, we conducted semi-structured interviews with 28 nursing, physician, and administrative leaders across a diverse sample of hospitals and health systems. These leaders included Chief Nursing Officers (CNOs), Clinical Directors, Chief Medical Officers (CMOs), Medical Directors, Medical Group CEOs, and Chief HR Officers (CHROs). While the interviews focused on a range of high-potential leadership assessment issues, two key findings are summarized below: (1) the primary challenges faced by high-potential employees as they transition into leadership roles, and (2) the critical characteristics (traits, competencies/skills, knowledge bases, etc.) that designate an employee as demonstrating readiness for leadership success.
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HealthStream’s learning management system and healthcare training solutions support medical training initiatives and allow for the best patient care.
View All Learning & PerformanceHealthStream offers performance learning management solutions to help develop your healthcare staff into leaders and reduce turnover.
View All ProductsHealthStream works with healthcare organizations to create engaging and high-quality training videos for your staff and management.
View All ProductsImprove care quality and save money by making informed decisions about your healthcare facility and staff with HealthStream's reporting analytics solution.
View All ProductsHealthStream's proven methods for the improvement and overall engagement of your healthcare staff foster a positive workplace and increase retention rates.
View All ProductsWhen you enact HealthStream's quality compliance solutions, you can do so with the confidence your healthcare organization will meet all standards of care.
View All Quality & ComplianceBe confident in your staff’s ability to reduce risk by providing compliance training that changes behavior.
View All ProductsDevelop next-level people for next-level care by prioritizing quality and safety improvements.
View All ProductsEstablish a culture of belonging with education supporting DEI, wellness, engagement, and leadership development.
View All ProductsUtilize patient access solutions and advanced reimbursement solutions to manage clinical denials and improve your organization’s reimbursement strategy.
View All ReimbursementExpand the decision-making skills and effectiveness of your healthcare workforce with HealthStream's clinical development programs and services.
View All Clinical DevelopmentLearn about our advanced resuscitation training solutions. Our solutions are designed to help improve patient outcomes.
View All ProductsOur competency development solutions personalize learning for clinicians to bridge the gap between theory and practice for your nurse residents.
View All ProductsEnhance maternal & child nursing care with solutions focused on improving the quality of care for mothers, infants, and children.
View All ProductsAddress staffing orientation challenges to easily achieve and maintain certification with our emergency and acute care training solutions.
View All ProductsAs a premier provider of healthcare education, we are committed to promoting safer, more successful surgical and sedation outcomes for each and every patient.
View All ProductsOur solutions are designed to cater to the needs of patients, healthcare professionals, and organizations dealing with illnesses or chronic conditions.
View All ProductsMake sure your healthcare staff can schedule out appointments and work schedules with ease using HealthStream's line of software solutions.
View All SchedulingHealthcare workforce management is essential. We provide advanced scheduling solutions for organizations to solve issues such as nurse retention
View All ProductsComprehensive, industry-leading provider onboarding and credentialing software that validate health outcomes and support provider assessment.
View All CredentialingOur affordable CVO credentialing services establish patient safety by enabling primary source verification for your healthcare organization.
View All ProductsIntegrate with Epic to validate and add new providers directly to your provider master file.
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