Welcome to another installment of the Health Care Huddle, a show focused on distilling best practices from subject matter experts across a myriad of disciplines so that our listeners may in their own way make the health care system a little bit better for all the stakeholders involved. To paraphrase Ghandi, We must all be the change we want to see in the world.
Today's guest is Joyce Tapley, CEO of Foremost Family Health Centers.
Michael and Joyce discuss health disparities in major metropolitan areas. Their discussion includes the role of social determinants as well as the impact on the community at large.
But rather than just discuss the problems Joyce offers some creative solutions and details how closer connections to patients can drive better outcomes.
LINKS:
JOYCE TAPLEY
Chief Executive Office
MHA, CHCO, OHCC, CHA, CIFHAr
https://www.foremostfhc.org/
2 Jun 2021
The Good News About Covid
In this episode, we steer away from the politics and emotions surrounding the virus and the vaccines for COVID 19, and look at the science behind the virus.
Engelthaler's take on the monumental and historic achievement of the vaccine development and how that effort will be powerfully beneficial for all of us is especially interesting. His view on what's happening in the world around the vaccine and the virus as well as his his positive spin is enlightening.
Guest: Dr. David Engelthaler is the Co-Director and Associate Professor of Pathogen Genomics Division at TGen North
SHOW LINKS:
https://www.tgen.org/faculty-profiles/david-engelthaler/
19 May 2021
How To Communicate In Today's Media Landscape
In this episode, Michael chats with Theresa Bierer about the fast-paced world of social media and new media options to communicate with your employees and customers.
They discuss tips, tools and techniques to help navigate today's media landscape. Part of the discussion is how to leverage social media and connect with corporations and individuals using the numerous communication options. How do you keep up with all the trends? Also, are there ways to manage the whole communication cycle from current clients, prospects, and employees?
Teresa is Focused on management and communication skills to educate future business professionals
Theresa Bierer is a Producer and on-air talent. She is also An Assistant Professor of Practice Management at Northern Arizona University.
Theresa Bierer
https://www.linkedin.com/in/theresabierer/ (https://www.linkedin.com/in/theresabierer/)
13 Apr 2021
The Do's and Dont's of Selling Your Health Care Business
Considering selling your healthcare business?
Or maybe you are in acquisition mode. Either way this episode of the Healthcare Huddle will be a real eye opener for you.
This week's guest is Dan Roth. Dan is a Managing Director at The Forbes M+A Group (https://forbesma.com/our-team/dan-roth). He is a trusted advisor, strategist, renowned expert, and acclaimed speaker that has helped thousands of business owners navigate business sales, mergers, acquisitions, capital raises and debt restructuring.
Today's conversation touches on the dos and dont's of selling or buying a healthcare business.
His knowledge is the difference that makes the difference.
Dan discusses how to eliminate risk from your business portfolio to get more for your sale and how to properly evaluate risk to negotiate a better deal if you are buying. Dan offers expert insight into topics such as what role does recurring revenue play in business value, and when is the best time to sell your business.
Is your ego preventing the sale of your business? Michael and Dan drill down into some honest topics like owner ego issues and other unknown influencers and how they impact a sale. Dan’s offers perspective on how the COVID pandemic influenced mergers and acquisitions. It may surprise you. If nothing else it will help you determine how to price a sale or a purchase of a business in the healthcare industry.
Links to find out more about Dan Roth
https://forbesma.com/our-team/dan-roth
24 Mar 2021
The State Of The Marijuana Health Industry
Sara Presler works as a consultant for The Mohave Cannabis Company and is a leading voice in Cannabis ethics. She helps write some of the legislation concerning marijuana's legal usage in many states.
The former mayor of Flagstaff, AZ now likes to think of herself as the Mayor of Marijuana.
In her conversation with Michael, they plunge into the tricky legal machinations of marijuana acceptance and its main street challenges.
You'll learn some unique statistics and gain an important perspective on the future of marijuana and its legality, as well as its researched health benefits.For more on Sara:
https://www.thebluntness.com/amp/posts/the-marijuana-mayor-sara-presler-is-a-cannabis-biz-whiz-01e8pnx7mjmx
https://www.mohavecannabis.com/about
25 Feb 2021
Is It Time For Healthcare To Come Home?
Has the time come to provide full healthcare solutions in patient's homes? With the Coronavirus pandemic accelerating the need to provide quality healthcare outside of typical facilities, is the future of medicine going to be in each person's house?
The practice of full-service health care inside homes is not new and in fact, is practiced around the world. It's time to rethink how USA providers are delivering healthcare. Dr. Lum Lung shares how bringing the healthcare team to one’s home with the same level of diagnostics and the same level of care in their own homes at a lower cost to all involved.
Dr. Lum Lung shares some important information on how the Pandemic accelerated the growing need for healthcare at home while certain outcomes are greatly improved with healthcare at home.
More on Dr. Lum Lung's company:
https://originhc.com/ (https://originhc.com/)
Christine Lum Lung, MD, MBA (‘21)
CHIEF EXECUTIVE OFFICER of Origin Healthcare
Christine has practiced clinical medicine for over 20 years. She is the founding member and CEO of Northern Colorado Hospitalists, PLLC, an independent physician-owned and operated company that provides adult inpatient hospital care
LINK TO SHOW MENTIONED IN PODCAST:
https://healthcare-huddle.captivate.fm/episode/the-state-of-rural-health-in-america/
8 Feb 2021
Revenue Cycle Management Strategies For Success
Steve Pfeiffer has help consoled business to receive the most storied achievement of a Malcom Baldrige National Quality Award.
He currently President and Director of Revenue Cycle Management for Encompass Healthcare Data Solutions. In this episode, he explores the key metrics to help raise your revenue cycle management to the highest level while also watching for the mistakes that often sidetrack this process.
How do denials impact your business and how do you avoid them. How can a course correction help prevent future denials and why it is vital for effective revenue cycle management.
How do you create an effective feedback loop with internal staff to improve overall organizational success?
In Michael’s Post OP Comments he discusses what should you ask potential vendors when choosing a good vendor for Revenue Cycle management.
18 Jan 2021
The State Of Rural Health In America
Michelle Mills delivers a state of rural health care. As the CEO of Colorado Rural Health Center, Michelle brings substantial experience and working knowledge of rural health issues and has worked closely with rural communities and providers to make a positive impact on rural health delivery.
In this episode, she shares with us her impressions on COVID's impact on all things rural health including telehealth, an aging workforce of health providers and continuity of care.
A penetrating look at the state of Rural Health and how it remains the core infrastructure and heartbeat of small communities.
Show Links:
Michelle Mills
https://coruralhealth.org/?team=michelle-mills
Encompass Healthcare Data Solutions:
https://encompassmedical.com/
21 Nov 2020
Improving Your IQ on IT
This might be the most important podcast you listen to for the future security of your business. Jason Culotta runs IT security for Encompass HealthCare Data Solutions (https://encompassmedical.com/) and offers a sobering look at today’s cyber crime criminals and how even the smallest of healthcare businesses can be targets for lucrative criminals looking to hack into your patient records.
Also with technology and the internet of things is your business more exposed?
Show Notes:
https://encompassmedical.com/information-technology/it-cyber-security/
21 Nov 2020
Effective Team Building In Healthcare
How do you build a team with successful leaders in your health care practice? Shawn Evans brings a unique perspective to effective team building and what changes has Shawn seen in the past few years that changed the way you need to work with teams. How do you focus on the cadence of change inside your organization. Shawn discusses the new skills leaders need to improve on to manage their health care business. How to work through and with people.
Shawn explains how to facilitate the process of bringing employees together. How to hold team building meetings that produce results.
Show Notes:
Live Best Work
https://www.livebestwork.com/
20 Nov 2020
Smart Investment Advice For Smart People
This week Mike chats with Justin Harvey a principle at APM Wealth who shares his perspective on health care providers and their special investment needs and strategies. Justin brings years of experience of working with the challenges of portfolio management for anesthesiologists as well as explaining how very smart people face a unique brand of challenges when it comes to investing.
Justin a shares his years of experience of working with academic anesthesiologists and how their individual situations, whether working with private equity, contracting or independently owned operations, can impact their financial outcomes.
Justin explores the changes brought on by COVID, pay cuts and reduced 401k contributions and how healthcare providers can navigate these challenges to secure solid positive financial positions for their personal futures.
Find out more at:
Discussing "worst case" returns over various time periods:
https://www.andcoconsulting.com/wp-content/uploads/2020/04/2020-03-31-SP500-Rolling-Holding-Period-Returns.pdf (https://www.andcoconsulting.com/wp-content/uploads/2020/04/2020-03-31-SP500-Rolling-Holding-Period-Returns.pdf)
APM Wealth
https://apm-wealth.com/
https://encompassmedical.com/
9 Sept 2020
Shoring Up Your Business' Blind Spots
Today's Guest: Toby Clary
Are you covering all your financial blind spots?
Today’s show will help you on the financial side of running a health care business. Our guest is Toby Clary. Toby is a CPA and CVA with years in leadership in the health care industry and will help you get through regulatory compliance while keeping your cash flow on the positive side without having your business fall victim to a number of potential pitfalls for you business’ financial health.
According to Toby, Medical practices specialize in providing health care to patients not financial management . Internal controls, human resources and financial asset managament are vital to your business’ health. Toby discusses the fundamental processes necessary to have in place to protect your business.
Toby discusses the importance of communication amongst partners and how that filters down to the entire staff and how it can go a long way to providing overall finial health for your practice.
Toby also spends time talking about business in the time of Covid. Toby shares some advice on everything from PPP grants to new business practices during a pandemic.
Toby Clary (CPA CVA)
Toby Clary
Owner
Soukup/Bush
toby@soukupbush.com
970-223-2727
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