Up-and-coming healthcare executives hoping to gain insight and experience need look no further than the Cleveland Clinic. Thanks to a $10 million gift from a former patient, the hospital--which already runs an academy to train executives who plan to work within the organization--is set to start a similar program for outside executives.
The program, dubbed the Samson Global Leadership Academy for Healthcare Executives, will begin in the fourth quarter of 2011. It will explore the challenges associated with management both at home and abroad, and involve both classroom study and mentoring of current Cleveland Clinic executives.
The academy will be named after Eric and Sheila Samson, who provided the money. Eric Samson is a South African steel executive who underwent heart surgery at the Clinic 10 years ago. Current president and CEO Dr. Delos "Toby" Cosgrove performed the surgery.
"Not many healthcare organizations offer this type of academy" Dr. James Stoller, chairman of Cleveland Clinic's Education Institute, told the Cleveland Plain Dealer. "[These programs] are traditionally offered in business schools. This will be embedded within a healthcare institution that has a strong track record in developing leaders."
According to the Plain Dealer, half of the $10 million will go toward an endowment for the academy. The remaining $5 million will help to pay faculty salaries and other start-up costs.