Today's guest is Dr. Michael Sherman, the Chief Medical Officer and Senior Vice President for Health Services at Harvard Pilgrim Health Care. Harvard Pilgrim is a New England-based regional health plan with 1.25 million members. It has been ranked #1 by NCQA for the past ten years. Michael holds Bachelor’s and Master’s degrees from the University of Pennsylvania in Medical Anthropology, he attended Yale Medical School, and is a board certified anesthesiologist. In the mid-1990's he made the decision to pursue an MBA at Harvard Business School with the thought that he would seek to blend together his clinical expertise with a business education, but he was sure of one thing: that he would never work for an insurance plan. In this podcast he tells the story of his career, about becoming a physician, making the transition to executive leadership, and how he ultimately worked for three health insurers (ironically, the payers he said he would not work for). Michael's career involves a great deal of serendipity, but it also shows his deliberateness as he worked to develop the skills he knew he needed to progress as an executive by gaining exposure and experience in a wide array of organizations. He is also quite candid about his successes and challenges, which shows that the road to senior leadership is never smooth sailing.
His discussion of the work he is doing with value-based payment and bundling at Harvard Pilgrim is particularly useful and timely. It is very popular to demonize health insurers, but Michael’s efforts to create win-win arrangements between Harvard Pilgrim and its partners in the provider community shows what is actually possible. It is interesting to see how his passion for developing these agreements meshes with a recurring theme of negotiations from different points in his career leading up to his current role. The podcast concludes with a discussion about Michael's leadership style, and his recommendations for physicians who are looking to make the transition from clinical leadership to executive leadership.
The interview is available in its entirety at the unabridged link below. The podcast outline corresponds with the unabridged version. There is also an abridged version of the interview that focuses primarily on Michael's work immediately leading up to his current role.
Links to the Podcast:
Anchor:
Abridged: https://anchor.fm/healthleaderforge/episodes/Abridged-Dr--Michael-Sherman--Chief-Medical-Officer--Harvard-Pilgrim-Health-Care-egra7r
Stitcher: https://listen.stitcher.com/yvap/?af_dp=stitcher://episode/41445563&af_web_dp=https://www.stitcher.com/episode/41445563
YouTube: https://youtu.be/nxkYEFZWuKU
Podcast Outline (these times apply to the full length version)
Time
|
Topic
|
0:02:56
|
background education, becoming a physician
|
0:13:11
|
decision to go to business school
|
0:23:06
|
the importance of establishing self as a physician before going
into business/leadership role
|
0:25:21
|
DaVita, Inc.: Director of Corporate Development, DaVita, Inc.
|
0:30:57
|
HealthAllies: Vice President, Provider Business Development and
Product Management
|
0:36:37
|
IMMUSOL: Vice President, Medical Affairs
|
0:43:08
|
Thomson Reuters: Vice President & General Manager, Health
Plan Solutions
|
0:54:27
|
Transition to the payer world: United Health Group
|
1:00:38
|
Humana: Corporate Medical Director, Physician Strategies
|
1:12:43
|
about Harvard Pilgrim Health Care
|
1:17:09
|
Harvard Pilgrim Institute/Harvard Medical School Department of
Population Health
|
1:18:55
|
Chief Medical Officer and Senior Vice President, Health Services
|
1:21:52
|
Paying for value, one size doesn't fit all
|
1:34:45
|
Consolidation of Health Insurers
|
1:36:27
|
Thoughts on leadership, hiring the right talent, and being an
executive
|
1:51:02
|
Mentorship
|
1:52:51
|
Professional Organizaitons
|
1:54:26
|
Advice to clinicians who want to make the transition to
clinician executives
|
Topics Discussed:
Harvard Pilgrim Health Care
Harvard Business School
DaVita
HealthAllies (Optum HealthAllies)
Thomson Reuters
UnitedHealth Group
Humana
America’s Health Insurance Plans (AHIP)
Articles by Dr. Sherman:
Paying for Value: What's Next?
How to Design a Bundled Payment Around Value
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