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  • Jamie Wood

Why Business Acumen is Critical for the Healthcare Industry

The Business Drivers of Healthcare

Doctors and nurses have the critical role of giving life-saving care — but they also, like all employees, play a part in the financial strategy of their company. Developing business savvy leaders who can utilize business acumen skills is essential in the healthcare industry.

Hospitals face many unique challenges compared to say someone in retail, oil and gas, IT, or telecom. Particularly in the fact that they're dealing with human lives. They're also serving a product that people typically don't want to buy. Nobody's out there hoping to buy healthcare services, right? It's something that happens to you, but when it does you want the highest quality care.