The lack of depth of women leaders in U.S. healthcare organizations continues to be a perplexing and challenging issue given the transformation taking place in the industry. With the impending departure of the baby boom generation from the workforce and the anticipated retirement of executives who postponed their departures as a result of the recent economic downturn, a significant shortage of experienced and qualified healthcare leaders is expected at the very time the Affordable Care Act is being fully implemented.Women, who make up the majority of the workforce in healthcare organizations, are largely an untapped resource for many of the leadership gaps that will result from this trend. The research presented in this column indicates that those organizations able to provide the support and sponsorship necessary to develop women in leadership roles are most likely to have a deep leadership pipeline and reap financial value from taking such measures.Although a majority of the healthcare workforce-74%-is female, women continue to be significantly underrepresented in the C-suite of healthcare organizations (Dunn, 2014). Figure 1 shows the percentage of women who hold positions in five levels of healthcare.Only 24% of senior executives-18% of hospital CEOs-are women. In addition, women make up only 14% of the population of healthcare boards of directors. These statistics were the backdrop for this research study, sponsored in early 2014 by Diversified Search, in which we sought to examine the career paths of male and female executives to identify any differences in their trajectories or backgrounds that might explain why fewer women than men are prepared for senior leadership roles. The study also examined the career paths of women in senior leadership positions to look for trends and insights that might help organizations as they seek to develop a deeper footprint for women in leadership roles and advise women interested in moving into the most senior positions.ABOUT THE STUDYDiversified Search, in collaboration with the Women's Leadership Center at Kennesaw State University Coles College of Business, conducted a quantitative online survey of 282 healthcare leaders (125 men and 157 women) to identify specific factors and trends that differ by gender and that influence the process of identifying, developing, retaining, and advancing healthcare talent.The real impetus for the study came from my own experience in conducting executive searches for healthcare organizations over the past 25 years. I recognized that there was a shortage of women who were ready and positioned appropriately for the most senior leadership roles, particularly CEO positions. Paying particular attention to the differences in the career paths of female executives, I observed anecdotally that many female CEOs had been named to their roles as the result of internal promotions. I began to wonder why more women were not in C-suite roles when half of the graduates of the large master of health administration programs over the past 25 years have been female. These considerations led to the decision to research the differences in career paths and trajectories.The institutions surveyed included secular not-for-profits (58%), religious not-for-profits (21%), government entities (9%), for-profit organizations (7%), and other (5%). The size of the organizations varied as well; however, nearly 40% were large, defined as those with more than 10,000 employees. The organizations represented a mix of urban, suburban, and rural locations.FINDINGSDiversified's research reveals that women and men in leadership positions come from different functional backgrounds (see Table 1). For example, data on the educational and functional backgrounds of the male and female CEOs surveyed show that 53.3% of the women had clinical (mostly nursing) backgrounds, whereas 14.3% of the male CEOs came from general administration and 35. …