Kevin Groves Featured in HealthLeaders Media
Groves’ Talent Management Research Provides Important Insights for Healthcare Systems
Research by Kevin Groves, PhD, associate professor of organizational theory and management at the Pepperdine Graziadio School was featured in an article “3 Hidden Benefits of Succession Planning” in HealthLeaders Media. Groves' research found that hospitals that have adopted talent management and succession planning best practices are associated with high scores on the Centers for Medicare & Medicaid Value-Based Purchasing metrics, which are tied to reimbursement rates for Medicare and Medicaid programs. "We're in this situation where hospitals are transitioning from volume-based reimbursement… to value-based reimbursement. The Affordable Care Act and other legislative efforts have created an entirely new business model for hospitals," he says. Poor succession planning can lead to decreased quality of care, which can stifle reimbursement, Groves contends. "Our revenue streams are suddenly much more dependent on the quality of our services," he says, and that time to regroup after a leader's departure is now a thing of the past—organizations need to have a plan ready.