- Latest Rock Health reports reveal the in-depth survey results of 218 men, women, and non-binary respondents working at healthcare startups and VCs to understand perceive how their organizations are actively advancing gender equity.
- The report reveals we are far from gender parity and the most common initiatives to promote gender equity may not be the most effective approach.
- Conversations with leaders outline five core strategies for building a workplace supportive of gender equity.
Despite significant disparities in healthcare leadership today, industry leaders and employees share a belief that gender parity can be achieved within our lifetime, according to new Rock Health report. The report takes an in-depth look at how individuals working at today’s healthcare startups and venture capital firms (VCs) to understand how they perceive initiatives at their organizations to promote the advancement of women, as well as offer concrete solutions for leaders to actively advance gender equity.
Report Background/Methodology
This year, Rock Health conducted a survey in July 2019 of 218 men, women, and non-binary respondents working at healthcare startups and VCs to understand their attitudes toward gender equity including 15 leaders in healthcare including startup CEOs, VC partners, and leaders focused on improving diversity, equity, and inclusion (DEI) within this sector.
3 Emerging Gender Equity Themes
The survey findings reveal three emerging themes on the current state of gender equity in healthcare startups and VCs:
1. We are far from gender parity—but people have high expectations for progress.
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Despite significant disparities challenges, industry leaders and employees are optimistic that gender parity can be achieved within our lifetime.
Key findings include:
– Fortune 500 (F500) company boards made the most progress by increasing women representation from 22.6% in 2018 to 26.0% in 2019.
– US hospitals continue to have more women representation than F500 healthcare boards and executive teams do, at 37.1% in 2019. VCs and startups made the least progress—the percentage of women partners at VCs grew by 0.4 points and the percentage of deals closed by women CEOs of digital health startups increased by just 0.6 points.
– Nearly 80% of women respondents believe they will see gender parity in the workplace within 25 years. Men respondents seem to be slightly more optimistic than women: 54% of men respondents believe gender parity will be reached within ten years, compared to 38% of women respondents.
– survey respondents indicate women may have different career expectations than men do. women report a larger gap between their career ambitions and the self-perceived likelihood of reaching those ambitions.
– Seventy-one percent of women respondents who work at a healthcare startup report having a career goal of reaching the C-suite or becoming a board member. However, of the 36% of women desiring to reach the C-suite, only 59% expect they will achieve this, compared to 86% of men with the same goal.
Source: HIT Consultant
