How Simulation-Based Education Is Transforming Healthcare Leadership and Decision-Making Worldwide
As healthcare systems worldwide face rising costs, workforce shortages, and increasing pressure to balance quality with financial sustainability, traditional classroom-based management education is struggling to keep pace. According to the World Economic Forum, healthcare spending now accounts for nearly 10% of global GDP, making leadership decision-making more consequential—and more complex—than ever. At the same time, educators and executives alike are searching for ways to prepare leaders for real-world uncertainty, not just theoretical case studies.
So how do you train healthcare leaders to make better decisions when the stakes are high, the data is imperfect, and the environment is constantly changing?
That’s the core question explored in the latest episode of I Don’t Care, hosted by Dr. Kevin Stevenson, featuring Jeremy Lovelace, Founding Director of HFX Technologies Group. Stevenson and Lovelace dive into how simulation-based healthcare management education is reshaping the way future and current healthcare leaders learn strategy, finance, and human-centered decision-making—across borders, systems, and sectors.
Key Takeaways from the Conversation…
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Simulation over static cases: Dynamic, financially driven simulations provide a more realistic and measurable way to train healthcare decision-makers than traditional case competitions or lectures.
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Global adaptability: A simulation originally modeled on a leading Brazilian hospital has proven effective across diverse systems, including U.S. health systems, European providers, and the UK’s NHS.
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Human skills under pressure: Beyond financial metrics, simulations reveal leadership gaps in teamwork, stress management, and judgment under uncertainty—often the most powerful learning outcomes.
Jeremy Lovelace is the Founding Director of HFX Technologies Group, a firm specializing in simulation-based training for strategic and financial decision-making. With a background in management consulting and decision science, Lovelace has worked extensively with universities, healthcare organizations, and public-sector institutions across Europe, the Americas, and beyond. His work includes partnerships with global business schools such as University College London and simulations inspired by top-tier healthcare institutions like Hospital Israelita Albert Einstein in Brazil. Lovelace holds an MBA and brings decades of experience in leadership development, education technology, and applied strategy.
Article written by MarketScale.
