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Following the first two articles of this series on transitioning employment from direct healthcare provision, this article considers potential roles for cardiologists in hospital management, medical device or biotech industries, highlighting specific considerations and strategies for success in each.
Global economic challenges and heathcare policy changes call for a strong interaction between healthcare managers and clinicians. In-depth knowledge of the healthcare system and clinical processes is crucial for improving medical care and hospital performance. Studies indicate that improving hospital leadership, particularly in cultural competency, positively affects the overall hospital performance.1 2 Tasi et al showed that physician leadership was independently associated with higher average quality ratings, suggesting that physician leaders may possess skills or management approaches that positively affect hospital quality and care value. Although physician leadership was associated with more inpatient days in hospital, total revenue and profit margin were not impacted compared with non-physician-led hospitals.3
Historically, physicians tended to solely practise medicine, leaving hospital management to others. However, the daily routine of physicians involving making (clinical) judgements and finding solutions is similar to how non-clinical managers approach their daily problems. As a first step into hospital management, some healthcare institutions offer medical director positions without formal or positional power. These roles carry responsibility for medical supervision and overall regulation of medical facets that affect …
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Contributors MJD, SS and JF contributed to the conception of the work; drafted, critically reviewed and edited the revised version of the article; and collected, summarised and interpreted the respective data. All authors gave the final approval of the revised version to be published.
Funding The authors have not declared a specific grant for this research from any funding agency in the public, commercial or not-for-profit sectors.
Competing interests SS is employed by Askleopis Kliniken as chief medical officer. JF is employed by Philips as chief medical officer in cardiology.
Provenance and peer review Commissioned; internally peer reviewed.