And It Just Keeps Getting Bigger and Bigger...
The fact that major health care companies are appointing lawyers (Merck) and operations managers (Pfizer) to the CEO position, rather than the scientists and marketers who had historically laid claim to this slot, should not be ignored or underinterpreted. In fact, the message of these and other moves in the industry is clear: The health care business is increasingly focusing more on the fundamentals of gaining market access, and less on science and elegant and intense promotion, than the industry we have known throughout most of our careers. As I have noted previously and will provide more evidence for, this transition is occurring not just in the business of health care manufacturing but also in the business of health care itself.
More specifically, let me turn again, as I increasingly find myself doing, to the Wall Street Journal as a key source of information about what is happening in our own industry. A December 18 article described the takeover attempt that Tenet Healthcare Corp. and its CEO, Trevor Fetter, are about to face against the backdrop of troubling times and challenging forces in the health care arena.
In fact, myriad forces have various elements of the health care system volleying back and forth like Ping-Pong players, with good news and bad news locked in close competition for organizations like Tenet. For example, provisions of the health care overhaul will funnel millions of insured patients... |