Big businesses are hiring chief medical officers

CEOs of hospitals and health systems may find they need to compete more aggressively to hold onto their CMOs, as industries that never employed medical officers in the past are needing them now.

The Wall Street Journal looks at the development in an article posted Aug. 10.

Among the companies that recently hired CMOs are Tyson Foods and Royal Caribbean Cruises, the newspaper reports. Both say they made room for the appointments after the COVID crisis created a need for medical expertise on two fronts—customer confidence and employee safety.

For other business concerns, the CMO addition came earlier. The NFL, for example, has had an executive physician since 2017, after player concussions had shaken the sport of football at all levels.

“Every company is thinking of the health and wellness of their employees,” Salesforce CMO Ashwini Zenooz, MD, tells the WSJ. “The role of a chief medical officer is becoming a lot more prevalent and a lot more powerful in the business world.”

Dave Pearson

Dave P. has worked in journalism, marketing and public relations for more than 30 years, frequently concentrating on hospitals, healthcare technology and Catholic communications. He has also specialized in fundraising communications, ghostwriting for CEOs of local, national and global charities, nonprofits and foundations.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.