Healthcare Revenue Cycle Professional Career- Does Luck Play A Part In Your Success?

by Phil C. Solomon on July 1, 2012

in Best Practices

Healthcare Revenue Cycle Professionals: How Lucky Are You? Do You Want More Luck In Your Life? Read On……….

I ran across this article written by Nicole Carter, a reporter and web editor at the New York Daily News, and Consumer Reports magazine and found it very compelling. We have all heard the saying “dumb luck.” There is nothing dumb about having luck. I’ve always believed opportunities come to those who work hard and keep their eyes open. In the healthcare revenue cycle business, luck happens when you look for opportunities, when you surround yourself with the best hard-working people, when you purchase the best technology and when you partner with quality vendors. We all need a little luck on our side when we pursue the advancement of our careers. Below you will find six ways to make your own luck……..

Many people believe their success is in part due to a little bit of luck– that chance meeting with a potential investor or that dinner conversation that sparks a new idea. In fact, a new study by networking site LinkedIn found that 84 percent of 7,000 professionals they surveyed say they believe in career luck.

But let’s face it: There isn’t an exact science to luck. You can’t predict it. However, there have been plenty of successful entrepreneurs, business people, authors, and even researchers who’ve tried to map out just what makes someone lucky.

Here are a few of the top tips for cultivating your own luck.

1. Be humble. Part of cultivating luck, writes author and venture capitalist Athony Tjan for Harvard Business Review, is increasing your influence. And the best way to do that is through cultivating something counter intuitive: humility. He added: “People can mistake humility for weakness and avoid it so as not to lose perceived power…You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.”

2. Roll up your sleeves. This seems pretty obvious to those who consider themselves lucky. According to the LinkedIn survey, a whopping 70 percent of those surveyed said a strong work ethic was the number one thing that makes someone lucky. But to work hard, you also have to be skilled. Nearly half of the respondents in the same survey said that skills were another contributor to career luck.

3. Be generous. Tjan also writes, “Never lose the spirit of generosity; instead, allocate it appropriately. Remaining a mentor to others, connecting with community activities, simply saying more ‘thank-yous,’ and doing more things without over-thinking the potential ‘value-exchange’ equation, is a pay-it-forward attitude that in the long-run usually pays off in spades. Plus, it just feels good to be generous.”

4. Be ready. Good to Great author Jim Collins has said that if one cannot predict luck, the question to then ask is: “Do you have a high return on luck?” In a New York Times essay he revealed this concept using Bill Gates as an example. He wrote: “Thousands of people could have done the same thing that Mr. Gates did, at the same time. But they didn’t…How many of them changed their life plans–and cut their sleep to near zero, essentially inhaling food so as not to let eating interfere with work–to throw themselves into writing Basic for the Altair? How many defied their parents, dropped out of college and moved to Albuquerque to work with the Altair? That’s not luck–that’s return on luck.”

5. Go with your gut Who better than the late Steve Jobs to describe why trusting in your gut instincts may be the best way to ensure your luck in the future? In his famous speech to a graduating class at Stanford he said, “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something—your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” Add to that, according to the LinkedIn survey, nearly half of the respondents said that “using your intuition” has been an important factor in their career luck.

6. Simply believe that you are lucky. A recent study from psychologist and University of Hertfordshire Professor Richard Wiseman found that simply believing you are lucky can create positive outcomes. He took two groups of people: one that considered themselves “lucky,” and another that considered themselves “unlucky.” He gave both groups newspapers and asked everyone to report back how many photos were in the issue as quickly as possible. The lucky people came back with the answer in seconds, much faster than the unlucky group. Why? Because on page two of the paper, there was an ad that read “Stop counting. There are 43 photographs in this newspaper.”

Wiseman concluded: “Unlucky people miss chance opportunities because they are too focused on looking for something else. They go to parties intent on finding their perfect partner, and so miss opportunities to make good friends. They look through the newspaper determined to find certain job advertisements and, as a result, miss other types of jobs. Lucky people are more relaxed and open, and therefore see what is there, rather than just what they are looking for.”

So there you have it. Is it really better to be lucky than smart? I say it’s best to rely on education, know-how and smarts, then add in some hard-work while keeping your eyes open so you can spot the right opportunities… now that’s a recipe for success!

It seems counter-intuitive, but I don’t think luck nor smarts are the only ingredients needed to succeed. Being at the right place at the right time always is the number-one strategy for success. If you are not where you need to be, you’ll never be able to create your own luck and take advantage of your intelligent decisions.

I say, stay positive and luck will find you. Tim Rice said it best:  “We all dream a lot – some are lucky; some are not. But if you think, it, want it, dream it, then it’s real. You are what you feel.” If you follow my blog,  you’ll read more about how others have solved their revenue cycle issues, and you will stay abreast of current healthcare industry news and learn how to maintain a positive attitude through thick and thin. Best of luck to you!

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