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Top Reports for Healthcare CEOs in 2023

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Informative Resources for Executives to Create Massive Value

For the first time in person since 2020, the 41st annual J.P. Morgan Healthcare Conference is taking place January 9-12, in San Francisco. Over 8,000 attendees representing 550 healthcare companies have gathered for the premier conference, widely considered to be the largest and most informative healthcare investment symposium in the industry. It connects global industry leaders, emerging fast-growth companies, innovative technology creators and members of the investment community.

With hundreds of CEOs meeting face-to-face for the first time in three years, the networking and insights shared this week are a welcome return to the past.  With the higher cost of capital, a focus on tightening the balance sheet, geopolitical concerns, and other factors, we are in an era that requires innovation and value creation. Every healthcare company CEO needs all the resources, connections, expertise and insights they can get to help their company win.

As a CEO executive coach working exclusively in the healthcare sector, I’m asked daily by my clients and others for connections, information, and updates about what’s new in our industry. Since work obligations made it impossible to attend live and converse with colleagues at this year’s event, here’s a list of the most useful reports for healthtech sector CEOs (and other leaders) from the past year I’m recommending.

The selected CEO content comes from research conducted by EY, CB Insights, Accenture, Pitchbook, SVB, McKinsey, KPMG and more, with a short description of the report and a link for quick access. Addressing topics like disruptive technologies, digital health, the future of healthcare, the growing role of private equity, the strategies of the biggest players, these reports share valuable insights. Which forces are transforming the healthtech industry? Which trends deserve the most attention? Which innovations are likely to disrupt? You’ll find the answers within this baker’s dozen list of informative free reports. As you review the material, even in choppy economic waters, you will see there is still a tremendous opportunity for healthtech companies to grow and become more valuable.

Pulse of the Industry Report 2022: In today’s disruptive healthcare environment, how will medtech transform? – EY

To gain deeper insights on where medtech has been and where it’s headed, download the full annual Pulse of the Industry medical technology report. There you will find original perspectives on how medtech can rethink innovation to address new challenges and opportunities in commercial models, supply chain and talent management. https://tinyurl.com/5n8ysx2t

Digital Health and Medtech: New Signals for Transformation – Accenture

Globally, healthcare is experiencing increasing pressure and disruption, from affordability challenges to shifting patient expectations. Care is expanding from hospitals to ambulatory and at-home care, but the industry remains at the beginning stages of having the capabilities to meet this shift. Medtech must find an approach that reflects and benefits from the speed of transformation now enabled by digital innovation. Five trends that can help medtech companies mature and scale their capabilities to thrive in this new paradigm of digital health are shared. https://www.accenture.com/us-en/insights/life-sciences/rise-digital-health

The Future of Healthtech 2022 – SVB

Dramatic shifts over the past year indicate that a market rebalancing is underway, with investments and valuations lowering from 2021’s boom. However, the healthcare industry is more resilient during periods of downturn and remains ripe for innovation.

https://www.svb.com/trends-insights/reports/healthtech-trends-report

2022 State of VC, PE & M&A: Health Tech – Axios Pro

What forces are transforming the healthtech industry right now? Which trends deserve the most attention? Which firms are making the biggest impact on VC, PE and M&A? This report answers those questions. https://www.axios.com/pro/venture-capital-private-equity-manda

Private Markets Rally to New Heights – McKinsey Global Private Markets Review 2022

This annual review of private market investing shares research on industry dynamics and performance. Private markets bounced back last year, despite a new set of risks with a war, higher inflation and interest rates, supply chain and labor challenges. Private equity continued to drive global growth. Private equity fundraising ‘winners’ do so by growing their flagships and raising more frequently. https://tinyurl.com/5yc627u7

US Private Equity Breakdown 2022 – Pitchbook

After a busy start to the year, US private equity dealmakers are finally feeling the bite of higher interest rates, with activity in Q3 collectively slowing across M&A, growth equity and recap deals by more than 20% year-over-year. Yet what may seem like a dramatic decline could also be considered a reset. Far from being a new normal, 2021’s blistering pace of activity was an aberration, making the “old normal” of the pre-pandemic years a better comparison for private equity, according to this report. https://pitchbook.com/news/reports/q3-2022-us-pe-breakdown

Book of Strategy Maps – CB Insights

This 67-page coffee table book of strategy maps shines a light on the strategies behind some of the world’s most important companies – from JNJ, to CVS Health, to Optum.

https://www.cbinsights.com/research/report/book-of-strategy-maps/

2023 US Venture Capital Outlook – Pitchbook

With 2022 coming to an end, many investors are happy to turn the corner on a year that saw crypto ride a remarkable rollercoaster and VC firms clutching their pearls. 2023 is shaping up to be an even more stress-inducing ride for investors, according to this outlook. But while analysts predict some downward movement, there is of course always some upside—if you know where to look. https://pitchbook.com/news/reports/q4-2022-pitchbook-analyst-note-2023-us-venture-capital-outlook

H12022 Digital Health Review – Fletcher Spaght

The report contains details on revenue performance, investments and exits (M&A, IPO).

https://www.fletcherspaght.com/post/h1-2022-digital-health-review

Trust Barometer Global Report 2022 – Edelman

The report is published in January and covers a range of timely and important societal indicators of trust among business, media, government and NGOs, shaping conversation and setting the agenda for the year ahead. https://tinyurl.com/2s4z9kpk

Book of Market Maps – The CB Insights

The reports consist of 31 pages about healthcare companies that are navigating the marketplace. Fascinating and comprehensive. https://www.cbinsights.com/research/report/book-of-market-maps/

2022 Year in Review Images – McKinsey

Reflecting on the past year sheds light on pivotal moments and forges the path toward a resilient future. The past year has been anything but ordinary. The unnerving combination of war, inflation, energy scarcity, and climate change wasn’t what anyone expected as life was just beginning to move forward from the COVID-19 pandemic. 2022 has also proven to be a year of resilience. McKinsey designers put a lens on the images that helped bring our insights to life, and their selections are telling.

https://www.mckinsey.com/featured-insights/2022-year-in-review/2022-the-year-in-images

CEO Outlook: Growth Strategies in Turbulent Times – KPMG

Tested by enormous challenges in quick succession — a global pandemic, inflationary pressures and geopolitical tensions — it’s encouraging that CEOs, surveyed in the 2022 CEO Outlook, were confident in their companies’ resilience and relatively optimistic in their own growth prospects. The 2022 CEO Outlook draws on the perspectives of 1,325 global CEOs across 11 markets to provide insight into their 3-year outlook on the business and economic landscapes. https://tinyurl.com/5n8mnvba

CEO 2022 Study: Own Your Impact: Practical Pathways to Transformational Sustainability – IBM

The IBM Institute for Business Value, along with Oxford Economics, interviewed 3,000 CEOs from 40+ countries and 28 industries as part of this series. These conversations focused on executives’ perspectives on leadership and business; their changing roles and responsibilities; and sustainability, including how they are addressing challenges, what they see as opportunities and visions for the future. https://www.ibm.com/downloads/cas/6NJEKDD8

For additional CEO resources for 2023, see The CEO’s List of “Must Have” Tools for 2023: The Best New Studies, Books, Articles, Apps and Resources for CEOs Who Seek To Create Value in an Uncertain World.

Sometimes it is the smallest insight that can have the biggest returns. When CEOs are equipped with the right insight, at the right time, they make better decisions and all stakeholders benefit. Invest some time reviewing this excellent content to help you lift your game. To become the exceptional, value-creating CEO you are meant to be.

 

The CEO’s List of “Must Have” Tools for 2023

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The Best New Studies, Books, Articles, Apps and Resources for CEOs who Seek to Create Value in an Uncertain World

In today’s turbulent business world, CEOs need all the help they can get to navigate the treacherous waters. Despite the supply chain, inflation and great resignation challenges, the job of every CEO remains to create great value sustainably. To create value, every CEO (and aspiring CEO) needs to learn, grow and get better. This year’s list of the best new tools for CEOs is sure to provide any leader with many insights and ideas for how to elevate their game in their value creation quest.

Here’s the 2023 list.

What Matters Most? Six Priorities for CEOs in Turbulent Times by Homayoun Hatami and Liz Hilton Segel. This McKinsey & Company article and report shares six priorities that are featured prominently on CEO agendas worldwide in late 2022, and the moves leaders are taking to shore up defenses and gain ground on rivals.  https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/what-matters-most-six-priorities-for-ceos-in-turbulent-times

Leading Through Inflation: A Playbook by Ram Charan. This well-known advisor to boards and CEOs created an exclusive primer with Chief Executive to help leaders plan for this new inflationary environment. In this uncertain time, this article is relevant to every CEO and board member who seeks to help their company survive – and possibly thrive – in this new era of rising inflation.  https://chiefexecutive.net/inflationplaybook/

Your CEO Check Up This free, confidential, self-assessment measures your current performance on the six key CEO responsibilities and the mindsets and practices that underpin them. Whether you are an aspiring CEO, a new CEO or have been a CEO for many years, Your CEO Check Up will give you insights that will help you create greater value in your role. https://yourceocheckup.com

Women in the Workplace 2022: The State of Women in Corporate America by McKinsey & Company. Women are demanding more from work and they’re leaving companies in unprecedented numbers to get it.  If companies don’t act, they won’t just lose their female leaders; they risk losing the next generation of women leaders.  https://womenintheworkplace.com 

The Last Mile to the Top: Future CEOs Who Beat the Odds and What Research Reveals About the Four Most Common CEO Steppingstones by SpencerStuart. An aspiring CEO’s “last mile” role is the final opportunity to address areas that could handicap performance as CEOs. What are the areas to unlock performance for each of the four primary steppingstones to CEO? This article identifies specific opportunities to unleash potential by building new skills and mindsets for aspiring CEOs. https://www.spencerstuart.com/research-and-insight/future-ceos-who-beat-the-odds

How CEOs Can Make Diversity and Inclusion a Priority by Dan Hawkins. This Forbes article builds the case for a more diverse team, the bottom-line impact of diversity, equity and inclusion practices, and provides guidance for CEOs who need to accelerate their DEI efforts.  There is a link to the insightful report Diversity Wins: How Inclusion Matters, for those CEOs who seek to dive deeper.  https://www.forbes.com/sites/forbescoachescouncil/2022/07/13/how-ceos-can-make-diversity-and-inclusion-a-priority/?sh=d9e2119279a6

CEO Excellence: The Six Mindsets that Distinguish the Best Leaders from The Rest by Carolyn Dewar, Scott Keller, Vikram Malhotra. Today’s CEOs must navigate far more than the traditional running of the business. What a CEO does matters – a lot. Why is CEO excellence so elusive? Based on the findings from a massive research project of publicly traded companies, this book identifies what the most successful leaders really do in their role as CEOs. A must read for any CEO who seeks to stay ahead of the competition.  https://books.google.com/books/about/CEO_EXCELLENCE.html?id=Ssq2zgEACAAJ

Be The CEO Who Gives Gifts and Thanks CEOs and leaders who give gifts of admiration and recognition to their colleagues lift the commitment, trust levels and performance of their top team members.  A straight-forward process is described that can be applied by any CEO to elevate the contribution and commitment of top team members.  Investing in building bonds and tighter relationships creates a strong foundation for top team and company performance.  https://theboltongroup.com/be-the-ceo-who-gives-gifts-and-thanks/

Your CEO Resource Guide What specific actions can you take to elevate your performance as CEO? Your CEO Resource Guide shares the insights to make you and your company better. The CEO Cheat Sheet for Creating Massive Value shares fifty-seven value-creating practices that can be deployed across the six unique CEO responsibilities. A useful tool, also, for aspiring CEOs, who are preparing for the top job. https://yourceoresourceguide.com

The Unicorn Within: How Companies Can Create Game-Changing Ventures at Startup Speed by Linda K. Yates. This excellent “how to” book shows large company executives how to beat startups at their own game – to build a pipeline and portfolio of new ventures to drive meaningful growth. Newly released, discover the teachable, repeatable and scalable method to venture creation.  https://www.theunicornwithin.com

Re-Culturing: Design Your Company Culture to Connect with Strategy and Purpose for Lasting Success by Melissa Daimler. Whether you’re launching a startup, running a global firm, or shifting to a hybrid work setting, it’s up to you and your senior leaders to craft the culture you need that drives long-term business success. “Re-Culturing” is the continuous act of redesigning and reconnecting behaviors, processes, and practices to each other and to the organizational system. Just as a company’s strategy evolves, so too should a company’s culture evolve. You will discover how to “disintegrate” what no longer serves the company and “remake” your culture – the key to navigating this next evolution of work. https://www.melissadaimler.com/reculturing-book/

Calm Renewing one’s physical, mental, spiritual and emotional energy is a must for any busy CEO. Calm is a user-friendly app for sleep and meditation, designed to lower stress and anxiety. There are free courses on the topics of sleep, anxiety and focus that provide a good sense of all the meditations offered. It is widely recognized as the #1 app in the meditation space. https://www.calm.com

When the CEO gets better, everyone around them gets better. Check out each of these “must have” CEO tools, try them on and become a better CEO in 2023. So you can become the exceptional, value-creating leader you are meant to be.  All your stakeholders will be grateful.

What Do Exceptional, Value-Creating CEOs Actually Do?

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Every CEO has six key responsibilities they must embrace. Exceptional CEOs think and act differently as to how they carry out their responsibilities.  They take different actions and deploy practices that create great value. These mindsets and practices can be learned, applied, and mastered.

The first responsibility is set the direction. The accompanying mindset of the highest performing CEOs is to be purpose-driven, to create an exciting vision of the future and to and take the bold actions to reframe the game in your sector.

The second responsibility is to optimize the top leadership team. The prevailing mindset is creating a high performing top team. Hiring, coaching, and investing in team members, who are capable, are candid in addressing the challenges facing the business, and are committed to the company’s success.

The third responsibility is to align and mobilize all to execute. The mindset is shaping a working climate that is energizing, is friction-free so individuals and teams can operate efficiently, and building a culture that reinforces and rewards value creation.

The fourth responsibility is to guide your stakeholders. To be credible, you’ll need to master and deliver one compelling narrative that helps you connect with both internal and external stakeholders and be seen as trustworthy.

Excellent CEOs know they need to count on a wise board of directors. Responsibility #5 is leveraging your board. The mindset is to be transparent about your business and its challenges. To educate and engage the board and embrace a forward-looking perspective.

The sixth and final responsibility is to lead yourself. The hardest job you’ll ever undertake, is leading yourself. The mindset is a commitment to professional growth, of operating with humility and gratitude, and a practice of recognizing and encouraging others, even during challenging times.

Do these mindsets describe how you embrace your six key CEO responsibilities?

When you get better, everyone around you gets better. Go to YourCEOCheckUp.com, take the self- assessment to measure your current performance on these mindsets and practices. You’ll receiver your results instantly.

Then, for more on the practices excellent CEOs deploy to create massive value, go to YourCEOResourceGuide.com to discover what you can do to raise your game and put yourself on the path of becoming the exceptional, value-creating CEO you are meant to be.

Every CEO Needs a Coach

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As CEO, your job is to create great value. More than any other person, your impact as CEO is the single biggest predictor of your company’s success. Perform in the upper 20% of CEOs and you’ll generate a nearly 3X greater return to shareholders than the average performer.

Yet sustaining top performance and value creation is not so easy. Today’s environment is riskier and more challenging than just a decade ago. You operate in a volatile, uncertain, complex, and ambiguous world, where disruptive technology abounds, talent is scarce and shifting, new business models and competition threaten the status quo, and social unrest, a pandemic, and the climate crisis loom. You have a lot of weight on your shoulders. To help you navigate this treacherous terrain, can you benefit by having a CEO coach, whose sole goal is to help you become more successful in work and life?

Every top performer has a coach. World-class athletes, musicians, and entertainers all have coaches. Best-in-the-world performers hire coaches to help them improve their games, become better and stay on top. It’s the same for smart CEOs.  Eric Schmidt, former chairman and CEO of Google said, “The best advice I ever got was from John Doerr (chairman of venture capital firm Kleiner Perkins) who said to get a coach.” A CEO coach sees you with a different set of lenses, making suggestions and offering insights that help you create great impact.

 

Your CEO coach’s only agenda is a desire to see you operate at your best and succeed. Your coach is a confidant who plays a role no other stakeholder can play. Board members, direct reports, or well-meaning spouses aren’t coaches as they have their own agendas. Your coach sees your greatness, beliefs, and blind spots. Listening carefully, your coach learns your biggest challenges and opportunities. Your coach asks thoughtful questions, explores options, and offers perspective and wise insights.  Your coach helps you learn new skills and strengthen your relationships. Your coach shows you how to grab hearts and minds. Your coach will teach you how to connect with, persuade and inspire others to act. Your coach encourages and inspires you to become your best.

When you get better, everyone around you gets better. You serve as a role model for others to grow and lift their games, too. That’s a powerful way of building a team of high performing, value creating leaders.

What to look for in your CEO coach? Your coach must understand your context, bringing senior level executive experience in your industry sector along with a track record of success working with CEOs on the topics where you seek assistance. Your coach must clearly describe what you can expect working together and provide examples and references of client success stories that resonate. Your coach must always keep your discussions confidential. Finally, your coach must be a good personal fit with you. The chemistry has be right.

Every CEO needs a coach. When you select and engage with an outstanding CEO coach, and commit to do your work, the benefits you’ll receive can be enormous. You’ll gain a brainstorming partner, a confidant, a trainer, a sage, and a motivator, who’ll help you thrive. So, you become better – in work and life – creating great value for yourself and all your stakeholders.

What Do Exceptional CEOs Do Differently? Where Do You Fall on the Scale?

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As CEO, your job is to create great value. More than any position, your impact is the single biggest predictor of your firm’s success. What you control accounts for up to 45% of company performance. In an increasingly volatile world, your impact will become even more important in the future.

Every CEO has six key responsibilities they must embrace. Exceptional CEOs think and act differently as to how they carry out their responsibilities.  Finally, we have a self-assessment tool that measures your performance on these areas.  It’s called Your CEO Check Up. It takes about 10 minutes to complete on-line, it is confidential, you get your results instantly, and best of all, it’s free.

How you perform matters – a lot.  You can be a boost for your company or can set it back.  The risks are high. With CEO turnover on the rise, fail to create the value you must and you’ll be shown the door.

 How about you? Are you winning or losing? Every CEO has blind spots. What’s the risk if you don’t perform to your full potential? What price will you pay?

With results in hand, you’ll want to know how to create the value you must. For more on the mindsets and CEO practices that drive value, you’ll need Your CEO Resource Guide.  It’s full of valuable insights and information, its downloadable and it is free, too.

When you get better, everyone gets better. Go to YourCEOCheckUp.com, take the self- assessment and get your results. Then, go to YourCEOResourceGuide.com to discover what you can do to raise your game and put yourself on the path of becoming the exceptional, value-creating CEO you are meant to be.