Physician Leadership Journal
Physician Leaders’ Role in the Finances of Strategy
Healthcare strategies require collaboration among specialized teams in high-tech environments with significant capital investments. Physician leaders are crucial in leading team performance and should be involved in all phases of the strategic planning process, including financial planning, especially if physician leaders are handed the final plan for execution.
March/April 2024 Vol. 11, No. 2 pp. 28–31 DOI: 10.55834/plj.5331213781
Abstract
Physician leaders frequently shrink from involving themselves in the finances of organizational strategy. The most common reasons include, “It’s not my area of expertise,” “Better to leave that to the finance department,” or “I don’t even understand the language spoken, so I can’t be of help.” However, their voice is important to the financial planning process for complex ambulatory services and their overall success.
