#mhwomenleaders12_opening keynote: teri fontenot
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Teri Fontenot's Opening Keynote: Transforming The Role Of Women In Healthcare http://bit.ly/MHwomenleaders12TRANSCRIPT
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K E Y N O T E A D D R E S S
Teri FontenotPresident and CEOWoman’s Hospital
Transforming the Roleof Women in Healthcare
Women Leaders in Healthcare ConferenceAugust 7, 2012
Expectations
The New Woman’s
Women in Healthcare Leadership
78% of the healthcare workforce
Executive/senior leadership positions:
Health system CEOs 25%
Nurses 60%
Hospitals 54%
Pharmaceutical/medical manufacturing 29%
Medical equipment/supplies 21%
Healthcare is Rapidly Transforming
• Changing demographics
• Shift to value-based payment
• Accountability for cost and quality of care throughout the continuum
• Transparency
• Declining payments
• New technology
• Difficulty in raising capital
• Federal and state reform and legislation
Leadership vs. Management
• Leaders lay the track• Managers make sure the trains run on time
• Leaders are thermostats• Managers are thermometers
• Leaders thrive on change• Managers attempt to maintain a steady state
Why Are Women Uniquely Positioned to Lead?
• Relationships among executives, physicians and patients are evolving
• Women naturally possess skills to obtain desired results:
Nurturers Effective communicators
Multitaskers Collaborators
• Transformational vs transactional leadership styles are more effective
• Diversity improves decision making
• Advanced degrees earned by women provide competitive credentials
“I’m a daughter-in-law, a wife, mom to three kids and you’re asking me if I can multitask?
How Do Female ExecutivesNavigate the Obstacles?
• Believe in yourself
• Develop yourself
• Develop others
• Forgive yourselfMotherhood Memo to Marissa Mayer:
Parenting Skills Provide and Edge in the Workplace
Leading in Challenging Times
• Be prepared to address the immediate while articulating the vision
• Cultivate your paranoia
• Understand that we live in a fishbowl
• See with a microscope and a telescope
• Stay grounded
From the Executive Suite to the Board Room• Obtain line experience
• Fill in knowledge gaps
• Package yourself
• Consider smaller local companies or non-profit boards as stepping stones
• Be realistic about the time you have to commit
• State your governance goal to others and ask for advice
• Network with current board members
• Get to know consultants/headhunters who specialize in board searches
• Expect the nominating committee to include women in the slate of directors
• Ask senior executives in all industries if there is a woman on the board of directorsLynn Shapiro Snyder, WBL Founder and President, andHealth Care Practice Leader, Epstein Becker & Green, PC
When storms approach, some build big walls, while others build big windmills
Old Chinese proverb