CEO “Executive Physicals” – Are they Worth the Money and Do They Use a PHR to Better Understand and Guide Them to Better Health
Posted Jun 07 2009 10:42pm
With healthcare being in the headlines today, this focuses on whether or not CEOs really need the expensive and detailed “executive physical”. Sometimes as mentioned, so of this information ends up being discussed with company Shareholders, look at Steve Jobs for a simple example at the link below, as his health concerns turned into an SEC probe!
How much of the advice given is actually followed? Inquiring minds want to know as everyone wants to know how we are using our information so how about a quick turn of the tables here. I would see this being an excellent opportunity for CEOs to use a PHR, personal health record, you think? One of the best deals going for the CEO as it does for all of us that you can share what you want, duh? It makes the process easy too and would still protect his/her information that you may not want out there. One big problem here is the “do as I say” routine and not “do as I do”, which is everywhere. Why don’t these CEOs get wind of controlling what you want to share? Good question?
Also of interest are the places named where the CEO executive physicals could take place, funny both mentioned in this article offer the PHR connection and I am just curious, do the CEOs use them? Dr. Brian Rank quoted below wrote up an article in the New England Journal about the topic, wonder if he uses a PHR? If these physicals really contain such huge amounts of credible and usable data, I would think any CEO trying to set an example for employees and co-workers would be all over this. Again, shareholders are paying for some of these physicals (about $7000.00) and information ends up at meetings, so what’s the holdup? Can a CEO take charge of his own health records?
Back in January I sat and watched the testimonies in front of the Senate and saw a room full of people who were making decisions for spending, but had to ask what a PHR was?? Does the value and education in healthcare need to start at some top levels. Just think, the CEO would have full control of what he/she wanted released with their PHR, amazing isn't’ it. Again, I am curious as to why these top level CEOs don’t partake, they go to facilities that offer a PHR as part of their healthcare program?
Not too long ago I interviewed Steve Shihadeh, vice president, Microsoft Health Solutions Group and he uses HealthVault like I do, so there’s one executive that sees the value, so why don’t the rest of executives take a look and see what value is there, they all certainly want all of us to use one, so when it’s what’s good for the goose (or duck in my case) going to find it’s way up the ladder for those educated and experienced to the very high levels of running big corporations?? My thoughts for the day. BD
Dr. Brian Rank has created something of a melee in a medicine chest.
The medical director at Bloomington-based HealthPartners is challenging the value of a time-honored special perk for many CEOs: the executive physical.
Year after year, companies offer the CEO and other corporate chieftains a trip to some prestigious medical center — it's often the Mayo Clinic — for the very best physical examination that money can buy.
The visits often involve an intensive one- or two-day set of medical tests complete with a personalized interpretation of the results, and last year just more than half of Minnesota's 50 largest public companies offered them to their chief executives.
But in October, Rank published an article in the New England Journal of Medicine arguing that executive physicals don't necessarily help CEOs and could actually hurt them.
Hormel Foods spent $20,603 on physicals for its five highest-paid executives last year and explained the decision this way in a filing for shareholders:
"The Company provides a designated group of managers, including executive officers, an annual medical physical. Assuring these key managers are in good health minimizes the chance business operations will be interrupted due to an unexpected health condition."