We talked to Gary Gibbons, PhD, an expert in global management at ASU’s Thunderbird, to find out why all leaders in healthcare need to operate on a global level
While the world keeps up with changes in the wake of globalization, the recent pandemic has made these changes very apparent: Healthcare is a global issue, and it’s only becoming more and more so. We spoke to the faculty of our Master of Global Management (MGM) in Healthcare Services at Arizona State University (ASU)’s Thunderbird School of Global Management to learn more about global healthcare trends — if you’re interested in listening to the whole conversation, click here.
A worldwide investment in healthcare
As a vanguard of global leadership, management, and business education since its inception in 1946, Thunderbird has ample opportunities to observe worldwide trends, including those in healthcare. Gary Gibbons, PhD, Clinical Associate Professor at Thunderbird, noticed an increased focus on improving healthcare systems in developing economies:
“We noted that as emerging countries gain greater shares of the world’s GDP, one of the first things they do is to invest in healthcare and improve their healthcare systems. On top of this global phenomenon, the nature of healthcare, in general, is global, as the recent COVID-19 pandemic demonstrates all too clearly. These trends only accelerate as the world becomes more globalized.”
There’s no such thing as “local healthcare” in the age of globalization
Professor Gibbons furthermore stresses that even if healthcare professionals don’t intend to work overseas or globally themselves, they will invariably have international touchpoints.
“Let’s say you’re in a small regional hospital in Nebraska. Somewhere, even in this very local hospital, there will be close connections with a global community, for example in the form of supply chains for personal protective equipment or durable medical equipment, with service and software providers, or because a portion of the staff will be from other countries.”
In response to these global healthcare trends, Dignity Health Global Education (DHGE) and Thunderbird have co-created a Master in Global Management in Healthcare Services to prepare healthcare professionals for leadership during the Fourth Industrial Revolution. Find out more about the program and the faculty here.
About Gary Gibbons, PhD
Professor Gibbons is a clinical associate professor at Thunderbird School of Global Management and a prominent expert in both global finance and global entrepreneurship. He has been engaged to raise capital for companies in the healthcare space, and to evaluate and make capital allocations. He has also done financial modeling and planning for healthcare-related firms and managed portfolios of healthcare-related investments. Professor Gibbons is a member of the Advisory Board for the Journal of Private Equity and a member of several academic honor societies and other professional societies and organizations. He received his PhD from the Peter F. Drucker Graduate School of Business at the Claremont Graduate University.
Author: Kat Sperling
Kat is a Marketing and Communications Specialist with more than 5 years of experience in the online learning space. She holds a bachelor’s degree in German and English Philology with a focus on linguistics from the Free University of Berlin in Germany. In her free time, she writes children’s fiction and attempts to learn Russian though she can’t quite figure out how to pronounce the Russian ы.