Business acumen in healthcare: The need for consumer-minded leaders
Healthcare is changing rapidly. The influx of new technologies and evolving patient expectations are among the primary forces driving change. A recent report by a healthcare business consultancy, VIE Healthcare, highlights a notable shift in the healthcare sector’s perception of who it’s serving — from “passive patients” to “discerning healthcare consumers.” This shift comes as […]
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The rise of telemedicine: Businesses respond to healthcare demands
The coronavirus pandemic is driving unprecedented demand for telehealth services and with it, a need for a unique blend of talent — those who have both a strong foundation in business management and a deep understanding of the healthcare administration system. Solv, an online platform that allows patients to book same-day doctor’s appointments, reports a […]
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Digital transformation across Missouri’s public and private sectors
>A recent McKinsey Global Survey finds that while more than 80 percent of organizations are pursuing digital transformation efforts, less than one-third succeed at leveraging those efforts to improve a company’s performance. Digital transformation is a broadly used term to describe the adoption of emerging technologies to advance business objectives. To many, this line of […]
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Posted in Missouri Business Trends
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How major retailers are reinventing the shopping experience
According to an eMarketer report, the U.S. eCommerce market has been growing by double-digit rates for the last 10 years, comprising more than 10 percent of total U.S. retail spending. While this may seem like a small piece of the total retail pie, the report predicts that eCommerce will continue to drive a disproportionately high […]
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A look into the future: How technology is changing the healthcare industry
According to Deloitte’s 2018 Global Health Care Outlook report, per-person health care spending in the U.S. is expected to reach $11,356 by 2021. However, industry investments in exponential technologies are expected to not only reduce cost but also increase access and improve care. Historically, technology advancements have had a sizable impact on health care. For […]
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The Otú coaching model for leading
Dr. Stephen Forsha is program director for online undergraduate business programs and associate professor of business at William Woods University.
The Otú coaching model was developed within the Gaelic Athletic Association and provides a framework for organizing training that allows players to reach their potential within Gaelic sports. The model was developed by Pat Daly, GAA Head of Games and is set up around six competencies; Technical Proficiency, Tactical Prowess, Team Play, Psychological Focus, Physical […]
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Mastering the language of healthcare: Medical terminology
One of the courses that Online Master of Healthcare Administration students will take at William Woods University is BMT 520 – Medical Terminology for the Healthcare Manager. In the context of this program, medical terminology is the study of the principles associated with medical word building that helps aspiring healthcare administrators develop vocabulary needed for […]
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Career outlook: Top-paying skills in healthcare administration
The career outlook for online Master of Healthcare Administration students is bright. According to the Bureau of Labor Statistics, healthcare administrators or medical and health services managers earn a national average of $96,540 per year. And, their employment is projected to grow 20 percent between 2016 and 2026, a rate that’s much faster than average. […]
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Importance of Human Resource Management in the Healthcare Industry
It’s no secret that the healthcare industry is expected to face talent shortages in the coming years. As our previous post notes, aging baby boomers will rely more heavily on healthcare services which will create greater demand for healthcare professionals. At the same time, many healthcare facilities are already facing high turnover rates and employee […]
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3 challenges facing healthcare administrators
As a current or aspiring student of an online Master of Healthcare Administration degree at William Woods University, you will be trained to assume leadership roles within the healthcare industry. As with any leadership role, managing industry challenges will be a key component of your position. In this post, we share three common challenges affecting […]
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