What Can Healthcare Leaders Learn From a Billionaire?

by Phil C. Solomon on April 15, 2014

in Best Practices,Hospital revenue cycle leading practices,Positive Attitude

This post isn’t focused on the attributes and success of a healthcare leader. It highlights the strength and commitment any leader must possess to succeed at any endeavor they choose.

I read this article about Sara Blakely and was astonished at the success she has achieved. The real story is not Sara’s rise to become the top woman billionaire in the world, but the rules she followed to achieve greatness. Below are 5 simple rules anyone can follow to become successful in their business life.

Healthcare Leaders

Blakely launched a start-up with $5000 in savings to becoming the youngest self-made female billionaire in history. She has a net worth of $979.1 Million, is listed on Forbes as the #1565 of Billionaires worldwide, #474 of Billionaires in United States and #90 of the most powerful women in the world.

She experienced business success through her vision that women of all sizes can look great, regardless of what they decide to wear. You see, Blakely gave the world Spanx: the world’s first invisible pants.

Given her notable first in the Global Rich List, you might think that Blakely is a completely driven alpha female. Interviewers have remarked on her incredible energy and passion for helping women look and feel their best, but also on a vulnerability, empathy and honesty which they have found most endearing.

These qualities are reflected in Blakely’s answer to the question, “What advice would you give entrepreneurs or intrepreneurs?”

  1. Pay it forward. Solve people’s problems, make their lives easier, make them happier and the money will follow.
  2. Go with your gut. It seems to know things your head doesn’t.
  3. Push through your fear. Blakely says she was terrified when she started her business and still pushes herself through her fears every day, which include flying all over the world, despite a chronic fear of flying.
  4. Spend time each day on your own: ideally at least half an hour in silence. Blakely says that the best ideas always come to her while she is having her evening soak in the bath.
  5. Believe in your work and treat failure as a key part of the process. Blakely said she heard the word “No” over a thousand times before someone first said “Yes” to her idea.

Great Healthcare leaders are not born, they rise to the top because of their desire to succeed, their commitment to their organization and their strength to break through any impediment in order to achieve success.


Phil C. Solomon is a healthcare finance, clinical documentation and revenue cycle BPO strategist with experience spanning two decades. Phil has expertise in the areas of revenue cycle optimization, clinical documentation improvement, healthcare technology integration and BPO outsourcing. He is the publisher of Revenue Cycle News, a healthcare revenue cycle blog and is a featured speaker at many HFMANAHAM and AAHAM healthcare educational conferences.




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