MGMA Insights: Unlocking the Power of Mentorship with Dr. Ruth Gotian

In this episode of the MGMA Insights Podcast, host Daniel Williams sits down with Dr. Ruth Gotian, a leading expert in mentorship and the Chief Learning Officer at Weill Cornell Medicine. Dr. Gotian discusses the transformative impact of mentorship, the key elements of successful mentoring relationships, and how organizations can build thriving mentorship programs. Key Takeaways: The Benefits of MentorshipMentored individuals earn more, get promoted more often, and experience lower rates of burnout compared to those without mentors.Mentorship can increase self-efficacy, leading to greater confidence in pursuing new opportunities.Mentoring relationships can enhance loyalty and retention within an organization. Rethinking the Traditional Mentor-Mentee DynamicThe traditional view of a mentor as a senior, experienced individual is outdated. The contemporary approach is to build a diverse team of mentors, including peers and even those junior to you.Successful mentoring relationships are built on mutual curiosity, a desire to learn from each other, and a reciprocal exchange of knowledge and perspectives.Mentors should not aim to create "mini-me's" but rather help mentees become the best version of themselves. Organizational Support for MentorshipOrganizations can foster a culture of mentorship by providing the necessary infrastructure, training for both mentors and mentees, and opportunities for organic connections to form.Effective mentorship programs should have a clear ownership structure and ensure that mentors are rewarded for their time and contributions.Measuring the success of a mentorship program should go beyond just tracking metrics like promotions and revenue. It should also consider factors like employee motivation, productivity, and retention. Resources:Purchase Dr. Ruth Gotian's latest books, The Success Factor and Mentoring: A Complete Guide to Effective Mentoring from the Financial Times Guides series.Visit Ruth Gotian's website or connect with Ruth Gotian on LinkedIn Inflation is squeezing medical practice budgets, but as the exclusive GPO of MGMA members, we can help your practice save up to 20% on medical and non-medical supplies without sacrificing quality. MGMA BestPrice is your secret weapon to combat rising costs, maintain margins and deliver exceptional patient care. It is a FREE member benefit leveraging HealthTrust’s contract portfolio to connect you with the most aggressive pricing in the industry for medical and surgical supplies, pharmaceuticals, vaccines and purchased services. Visit mgmabestprice.org today to learn how MGMA BestPrice can help your medical practice save money on supplies you already buy