Issue link: https://beckershealthcare.uberflip.com/i/1368676
113 HEALTHCARE NEWS 3 tips for emerging healthcare leaders By Patsy Newitt N ancy Daoust, chief am- bulatory officer at State University of New York Upstate Medical University in Syracuse, provided advice for emerging leaders and discusses challenges facing the ambulatory setting during COVID-19. Question: What are three pieces of advice that you would give to emerging leaders? Nancy Daoust: The first would be to understand what your authen- tic leadership style is and what feels right for you as a leader. You obviously are interacting with leaders throughout your day — you can be assessing what type of characteristics or traits those lead- ers have that feel natural for you. What are the things that keep you motivated? What are the things that are exciting to learn about? That's an ongoing process. The second recommendation is to network with as many peers as you can — up and down the horizontal structure, and back and forth on the vertical structure. Your networking is going to be a key piece for success in develop- ing your leadership career track. It's also a great way to try out certain leadership skills with your own peers. Then lastly, I would recommend anybody who is emerging to seek out a mentor. Purposefully seek out somebody who is very different from yourself — some- one with a diverse background, or someone who comes from a completely different reference or lens than your own. It's also important to act as a mentor to others — to take on students who need to do internships. Always be willing to put up your hand in the organization. n Baylor Scott & White job cuts, outsourcing expected to save $600M By Alia Paavola B aylor Scott & White Health's plan to outsource, lay off or retrain 1,700 em- ployees is expected to save the health system $600 million over a five-year span, according to The Austin American-Statesman. The Dallas-based system announced plans for the restructuring in January. Em- ployees affected by the change work in information technology, billing, revenue cycle management and other support services. The health system said outsourc- ing the finance and IT jobs and other support services will help it improve ef- ficiencies and focus on reducing costs in non-core business areas. About two-thirds of the 1,700 employees will be joining third-party RCM, IT, bill- ing or support staff vendors. About 600 to 650 positions will be eliminated. Baylor Scott & White said that employees whose positions are being eliminated will be invited to participate in retraining programs. "To make an even greater investment in frontline care, Baylor Scott & White is announcing a change in how it operates certain non-patient corporate services," Baylor said in Worker Adjustment and Retraining Notification Act letters obtained by the American-Statesman. "Our goal is that every impacted employee will be offered a comparable employment option, inside or outside of BSWH, and no one will miss a paycheck because of this transition." According to the WARN notice, 216 employees will be laid off in the Texas cities of Dallas, Round Rock and Austin by May 3, and the layoffs are expected to be permanent. n Tenet CEO's compensation drops by $7.6M By Ayla Ellison T hough some top executives at Tenet Healthcare received base salary raises last year, the Dallas-based company's CEO and COO ended 2020 with lower total compensation, ac- cording to Tenet's shareholder proxy statement. Ron Rittenmeyer, executive chair and CEO of Tenet, received a base salary of $1.44 million last year, compared to $1.2 million a year earlier. Mr. Rittenmeyer didn't take home his entire base salary in 2020. To help company employees during the COVID-19 pandemic, he donated his salary earned from April through June to the Tenet Care Fund, and each of Tenet's other top executives donated 20 percent of their salaries. Aer factoring in an $875,000 bonus, stock awards, incentive plan pay and all other compensa- tion, Mr. Rittenmeyer's compensation totaled $16.68 million in 2020. at's compared to 2019, when he received a $3.5 million bonus, and his compensation totaled $24.29 million. Saum Sutaria, MD, president and COO of Tenet, received compensation of $8.58 million last year, which included a base salary of $1 million. In 2019, his compensation totaled $13.95 mil- lion, including a base salary of $961,539. Tenet Executive Vice President and CFO Dan Cancelmi's salary climbed from $618,000 in 2019 to $641,385 last year. Aer factoring in a $250,000 bonus, stock awards, pension benefits and all other compensation, Mr. Cancelmi's pay totaled $7.22 million last year. In 2019, his compensation totaled $5.14 million. n