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16 16 CEO/STRATEGY Providence Health Services Eliminates CEO Role at St. Mary to Reduce Overhead By Brooke Murphy I n a move to cut costs, Providence Health & Services in Renton, Wash., eliminated the CEO position at Provi- dence St. Mary Medical Center in Walla Walla, Wash., reports Union Bulletin. St. Mary officials said its parent organization decided to eliminate the executive role as it restructures operations to reduce overhead expenses, according to a prepared state- ment released Oct. 3. St. Mary spokesperson Kathleen Obenland said the deci- sion will help redirect funds to enhance patient care ser- vices at the nonprofit hospital, according to Union Bulletin. St. Mary's leadership team, which consists of physicians, nurses and administrators, will expand duties to include accountability for daily hospital operations. Kadlec Health System, which became affiliated with St. Mary in 2014, will oversee St. Mary operations through its chief executive, Lane Savitch. Current St. Mary CEO Steve Burdick will vacate the position by the end of the year, according to the article. n The Rise of the 'Freelance Consultant' — 7 Things to Know By Akanksha Jayanthi O nce linked to established firms, consultants are increasing- ly breaking ties with these enterprises in favor of working independently in the gig economy as "freelance consultants," reports Financial Times. Here are seven things to know about the rise of freelance consultants. 1. Currently in the United Kingdom, more than 31 percent of man- agement consultants and business analysts are self-employed. What's more, Eden McCallum, a U.K.-based group that manages a network of independent consultants, has noted applications to join the network have doubled in the past five years, according to the report. 2. e top five reasons consultants want to become independent are wanting to work with clients in a different way, wanting more control over time and schedule, wanting a career change, receiving an attractive exit package from their current company and losing a job, according to an Eden McCallum survey that gathered responses from 251 independent consultants, cited by Financial Times. 3. Independent consulting is attractive to workers of all ages. For older workers it offers a more flexible schedule, and it can be easier to start freelancing in this manner aer losing or quitting a job. For younger workers, it is a way to gain experience in the field. What's more, younger workers tend to be less sure of how long they want to stay in the role and are open to switching career paths multiple times, so freelancing offers them the freedom to leave if/when they are ready, according to the report. 4. Jonathan Petrides, 32, a freelance consultant who formerly worked with McKinsey, told Financial Times freelancing offers him "a creative outlet and income stream that's flexible and dependable. I simply don't have to go and commit to a full-time job: I can switch on project work and switch it off again." 5. What draws individuals to freelance consulting? Respondents to the Eden McCallum survey by and large sought independence from rules and bureaucracy, with 89 percent saying that is a good element of freelance work. Other benefits of independent consulting include a greater variety of work (74 percent agreed or strongly agreed with this statement), freedom to take time off (73 percent), time for im- portant non-work activities (73 percent), being able to choose how hard to work (71 percent) and being able to focus on enjoyable work (66 percent). 6. Some of the disadvantages include the challenge of being account- able for one's self (40 percent agreed or strongly agreed with this state- ment), lack of colleagues and community (39 percent) and frustration about marketing and administration (39 percent). ough notably, there is wider variability on these disadvantages, and fewer respon- dents agreed with these factors as being disadvantages. 7. Just 5 percent of independent consultants report being dissatisfied with their work, and 75 percent say they earn the same, if not more, as they did before becoming independent, according to the report. n Sell Your Surplus Surgical Inventory to eSutures.com Contact us today to get started! 888-416-2409 • info@esutures.com In only a few days, you can turn excess inventory into usable capital with our streamlined and simple process. For more information, or to begin the bid process, please call 888-416-2409 or email info@esutures.com. Don't let your extra product inventory go to waste! eSutures.com is interested in purchasing your in-date, short-dated and expired products in full selling units, open boxes and even individual, loose units. WE CAN PURCHASE: • Ethicon Suture • Ethicon Endosurgery • Covidien Suture • Covidien Endosurgery • Synthes • Arthrex • Bard • Gore • Masimo • Applied Medical and more!