This episode features Bridgett Feagin, EVP and Chief Financial Officer at Connecticut Children's. Here, she discusses current financial challenges due to inflation & workforce shortages, advice for emerging leaders in healthcare, and more.
Summary
Bridgett Feagin Shares Healthcare Leadership Advice and Discusses Current Financial Challenges at Connecticut Children's
Introduction
In a recent episode, Bridgett Feagin, Executive Vice President and Chief Financial Officer at Connecticut Children's Medical Center, shared her insights on the financial challenges faced by children's hospitals at present. She also provided valuable advice to emerging leaders in the healthcare industry.
Bridgett Feagin's Advice for Emerging Leaders in Healthcare
Feagin highlighted several key qualities that emerging leaders should possess in order to be successful within the healthcare industry. She noted that leaders should be transformative, mission-focused, and relationship builders. Additionally, she advised individuals to be bold in their decision-making, citing the need for visionary leadership in today's rapidly evolving healthcare landscape.
Financial Challenges Faced by Children's Hospitals
During the podcast, Feagin discussed the current financial challenges that children's hospitals are facing, including high inflation, cost increases, and workforce shortages. She noted that due to these ongoing challenges, children's hospitals are being forced to think outside the box and pursue creative solutions to navigate these difficulties.
Conclusion
Feagin's insights shed light on the critical issues confronting children's hospitals today. Leaders in the healthcare industry can benefit from Feagin's advice to improve their leadership skills and build a more sustainable future for children's healthcare organizations.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 10/16/2022 and can be listened here.
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