WEBVTT

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- There's a small circle of people who truly

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- understand what it takes to lead a health

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- system right now. The decisions are enormous,

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- the variables are constantly shifting, and the stakes

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- of getting a call wrong don't stay contained.

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- That's not a complaint. It's a structural reality.

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- And it's why the most effective c suite

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- leaders are deliberate about where they go to

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- pressure test their thinking.

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- Becker's fourteenth annual CEO and CFO roundtable brings

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- together more than 1,500

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- executive level attendees and nearly 400 speakers for

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- four days built around growth, financial sustainability,

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- workforce strategy, and the leadership questions that don't

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- have easy answers.

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- Join us November second through the fifth in

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- Chicago.

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- For the agenda and event details,

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- visit beckershospitalreview.com

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- and click on the events tab in the

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- upper right.

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- This is Scott Becker with the Becker's Healthcare

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- Podcast.

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- We're thrilled today to be joined by Naya

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- Kehase.

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- Naya is this brilliant industry leader who who

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- built a consulting practice in the surgery center

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- and payer contracting area,

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- and then built that into a much bigger

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- business.

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- Highly successful.

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- Now retired or semi retired,

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- but, you know, we'll we'll we'll probably won't

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- stay retired forever because she's got so much

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- energy and is so smart.

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- We're gonna talk today about leadership and business

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- principles.

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- Naya

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- and for those in the health care sector,

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- you might have seen her over the years.

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- She was one of the leaders after sort

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- of selling her business

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- to ECG,

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- and becoming a leader there, and had just

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- a wonderful, wonderful career.

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- Naya,

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- first first of all, before we get started,

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- take a second and introduce yourself, then I'll

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- ask you about a couple of the leadership

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- principles

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- that have had the biggest impact on your

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- career.

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- Great. Thanks so much, Scott, and congratulations

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- on your book. It was awesome.

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- Anyway, as you said, I have been

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- working in the ASC industry

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- primarily as well, originally as an operator, but

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- then as a as a consultant

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- for over thirty five years.

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- And I had

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- really

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- developed a niche business

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- with a concentration and expertise in reimbursement in

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- the economics of the business. And I think

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- that's what I really became known for and

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- what the firm really became known for, with

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- our expertise in that space.

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- And it was

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- really a great ride,

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- and I really enjoy it and still enjoy

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- it. And I believe that it serves a

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- tremendous purpose,

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- and I'm looking forward to thinking about, you

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- know, the future and what comes my way

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- and new opportunities that might be down the

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- road.

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- And talk a little bit about you had

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- this great career, built this great practice of

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- lot of leadership, both a brilliant person and

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- built a great team and great business. What

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- are a couple leadership principles that you think

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- about?

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- There's three that really come to mind for

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- me, Scott, and I mentioned a little bit.

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- One, I really believe in niche businesses

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- where you identify a need and have the

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- expertise and and

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- keep building on it

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- and where your organization

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- can demonstrate and create value,

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- for customers and clients is really the recipe

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- for success.

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- It's really important that you stay focused on

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- your core business

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- and deliver quality and service,

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- and constantly understand how the customer needs are

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- changing.

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- And then second, I would say

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- invest and recognize in developing great team and

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- creating a culture

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- that embraces

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- accountability,

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- loyalty, and commitment from your team.

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- I always said I I never

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- know everything. Right? And surround yourself by others

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- that know more than you do is I

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- don't think you'll ever be an expert in

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- everything.

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- I think one of the greatest

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- compliments or comments I received from a customer

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- in the past in in the original firm,

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- was when they told me we have a

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- deep bench.

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- And he spread that news to a lot

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- of others. And it was so rewarding, and

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- it instilled confidence and

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- and drove business, and it was just awesome.

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- And then I think with respect to when

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- you're building great teams, it is so, so

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- important to recognize your team and support them

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- and to nurture the stars.

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- I was a strong advocate and believed that

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- the reason why my initial team stayed with

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- me for many, many years, I had an

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- extremely low low attrition rate,

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- was showing appreciation,

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- thanking people, and recognizing

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- them for their leadership and contributions

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- and making accommodations and and compensating the stars

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- and the leaders so that they stay with

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- you for the long run.

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- It definitely costs far more, I think, to

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- lose those stars and leaders than it costs

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- to replace them. And I I was a

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- firm, firm believer in that. I think that's

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- what made,

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- the firm really, really

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- successful. And I think the third thing I

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- would say

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- is the concept of being a partner and

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- not a vendor to your customers,

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- sustaining those relationships and building those relationships

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- where the customer really values your services and

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- your team

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- is incredibly

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- critical to your long term success.

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- And it's really interesting because you'll see sometimes

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- customers transform for from vendor to partner.

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- And when they're aligned with you and your

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- organization

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- and they feel comfortable,

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- you know, reaching out to you and having,

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- you know, conversations

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- with you, you learn more about them. And

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- that trusted

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- goes a long, long way

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- rather than being a vendor and being, you

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- know, totally dispensable. And and I would see

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- that a lot. I saw that a lot

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- in my career, and it it was really,

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- really critical. But it's really, really takes a

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- lot of hard work,

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- to establish those types of relationships, but they're

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- well worth it for the long run.

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- When you look at people that you've worked

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- side by side with,

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- what qualities do you value the most

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- in in emerging leaders, in colleagues, in people

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- that you work with?

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- What are the qualities you think you value

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- the very most in those people?

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- How how do you look at that?

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- The number one quality that I

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- value the most was passion and motivation,

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- because I firmly believe that you can provide

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- education and tools, but passion comes from within

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- and cannot be taught.

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- I always would say, you know, for those

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- who had fire in their belly, I will

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- take that any day because I cannot teach

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- that. That type of person is going to

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- be very loyal and committed,

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- but you also

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- have to have alignment and

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- see that they're willing to learn, contribute, and

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- offer new ideas.

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- I think that goes a long way.

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- I also really value people who are willing

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- to tell me when I can do something

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- better.

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- Sometimes you can't always see that for yourself

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- and see what your own opportunity is to

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- improve upon. So I I think those are

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- some of the key

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- things that are I really, really,

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- valued when I was looking at, you know,

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- hiring people and developing leaders.

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- Talk about a time and and you've had

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- this fascinating career. I've had a chance to

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- have a front row seat and have loved

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- it. Talk about a time where where

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- you've had a setback

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- or a difficult decision

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- that ultimately was very important in in driving

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- you forward and thinking differently or how you

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- did things, and and what did you learn

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- from that experiences?

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- And, Scott, if I may, I'd love to

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- talk just about two experiences because I think

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- I think they're very different and and might

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- add some value to the conversation.

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- In the very early years of the company

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- that I founded, there was a time that

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- I was really, really reluctant to hire people,

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- and I actually turned away a lot of

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- customers and put them on hold because I

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- didn't have enough people to service the demand.

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- The company had no debt. It was self

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- funded. I was obsessed with cash flow and

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- making sure we had enough money to cover

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- our expenses. So I was always thinking about

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- whether or not we had enough fees to

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- cover, you know, the salaries.

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- And, unfortunately,

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- from that, we left money on the table,

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- and we lost some prospective clients that were

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- not willing to to wait. And I think

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- the biggest lesson that I learned from that

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- was was that there was really a fine

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- line for overstaffing and understaffing. I have certainly

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- also experienced

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- the pain of overstaffing,

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- but that you had to really monitor it

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- closely and be prepared to grow.

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- And,

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- I thought about the really early days where

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- I did a lot of subcontracting,

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- and I think subcontracting really helps bridge the

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- gap and capture the opportunity. I wish I

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- did more of it later and and really

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- thought about that when I lost those customers.

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- I should have added more subcontractors

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- because customers will move on, and they won't

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- wait forever. And it can, you know, amount

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- to a significant amount of missed opportunity and

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- revenue growth, you know, if you're not careful.

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- So I think, you know, that's incredibly

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- important.

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- And if I may, second,

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- example of an experience,

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- I had a customer once that owed us

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- a meaningful amount of money. They represented

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- about 10% of the revenue at the time.

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- This is many years ago. And a senior

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- executive of that company was a long term

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- colleague, so I was pretty committed

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- to helping and staying with with the company

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- and and probably should have been a little

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- bit harsher about paying the bills for months.

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- We kept servicing them, and they eventually went

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- bankrupt,

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- and we never recovered the money. And it

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- caused delays in payments,

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- you know, to,

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- and impacted,

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- even retirement funding. So I guess my lesson

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- learned from that was that recognize when you

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- have a bad company and draw the line

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- and put limits in place.

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- There's significant exposure when you have customers that

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- represent meaningful dollars as they can put you

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- at meaningful risk, and it can be difficult

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- to recover from that.

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- I remember I would scramble and just go

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- out running looking for more business.

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- So it's really important to diversify your customer

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- base. I realized

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- too when when, a vendor is not a

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- good partner and recognize that you don't have

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- a good customer, it's probably better to let

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- them go than to retain them, because it

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- could cause more harm than good.

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- Thank you very, very much.

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- And and and talk for a second, Naya,

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- about when you look at

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- today

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- and you're giving advice to CEOs,

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- to founders, senior executives,

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- What to build their businesses?

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- What ought to be their priorities? How should

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- they think about it?

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- Yeah. I mentioned a lot of this already,

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- but I think that investing in your team

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- and developing leaders and stars that are aligned

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- with the company envision

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- and drive growth. I think

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- identifying

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- people that have passion and fire in their

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- belly and provide the education that they need

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- to give them the autonomy to thrive, I

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- think I think it's really important to compensate

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- them appropriately so they are committed to stay

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- with you.

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- Retaining great people for the long term creates

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- consistency, loyalty with customers, and significant long term

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- value,

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- which I really believe drives your success. You're

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- not gonna do it on your own.

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- I also really believe in recognizing and showing

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- your appreciation to those leaders and star performers,

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- and that aligns with their hard work and

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- then striving,

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- to be a partner and not a vendor

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- with your with your customers. Capturing and retaining

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- great

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- customers requires constant attention and many hours of

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- your time

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- to developing relationships

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- and also great teams because it's not just

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- about you. The the

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- the the great customer that's a partner

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- wants the great team that's surrounded by them

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- and and that they trust and that they

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- have

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- relationships with, whether it's a product or a

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- service that

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- drives demand and ultimately,

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- you know, results in driving your financial performance,

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- and it's a win win for everybody.

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- Thank you. And and and take a second,

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- Naya. When when when you look at sort

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- of,

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- when you are operating your best in business,

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- when you are offering the top of your

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- game, what are the things that you're doing

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- right that you would encourage other CEOs to

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- do right as well?

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- I think the things that I was doing

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- right was I was constantly

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- networking

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- and constantly

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- looking at new opportunities while staying in our

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- niche.

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- You know, as you mentioned, you know, our

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- expertise

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- was strongly focused on the business side of

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- ASCs, and we were very, very well known

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- for our expertise in reimbursement and analyzing the

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- surgery business.

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- But reimbursement is constantly, constantly changing.

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- And I I could never know, and I

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- and I still sit, you know, in in

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- involved with it now. I you can never

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- know everything.

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- And I think making sure that you have

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- your

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- finger on the pulse constantly and how things

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- are moving me today, right, with AI and

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- transparency data, I think about, you know, how

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- that impacts,

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- you know, all businesses, but even, you know,

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- the business that I had. And and I

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- think the reason why we were so successful

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- is we were constantly

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- a step ahead

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- and constantly

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- also being mindful of what our clients were

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- facing. We had clients

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- that were consolidating.

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- We had clients that were independent. We had

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- clients that were, you know, very large ASC

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- companies in understanding the differences

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- between them and what their needs were in

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- servicing them,

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- the service

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- with results and being able to demonstrate results

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- was definitely the key to success. And and

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- really

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- being transparent when you didn't think you know,

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- I was in a space where, you know,

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- I'm trying to help them financially. And if

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- we're there were certain markets that were really,

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- really challenging

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- and being very forthright about,

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- you know, things in the market and the

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- environment that you could not control,

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- and being really transparent,

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- I think was really, really important,

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- to our success.

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- No. I absolutely love that. I had a

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- chance to watch Naya throughout a a great

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- deal of her business leadership career.

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- Simply remarkable what you did in building AVEA

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- Millennium,

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- ultimately doing a transaction at some point to

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- continue to lead at that next firm for

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- a very long time.

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- Naya Kiheis, what a pleasure to visit with

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- you. One of the best in the business.

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- We look forward to seeing you back in

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- the arena in not too long, at least

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- some arena.

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- Nai Kehe is a great, great leader. Thank

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- you so much for joining us today on

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- the Becker's Healthcare podcast.

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- Thank you, Scott. Great to be here.