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OasisLMS
Catalog
2021 Annual Meeting Startup & Practice Management ...
Group 2, Part 2 - Business/Practice Management
Group 2, Part 2 - Business/Practice Management
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Video Transcription
Video Summary
In this video, the speaker discusses their experience with practice management issues in different healthcare environments, such as hospital employment, solo practice, and a midsize orthopedic group. They emphasize the importance of understanding the economics of the healthcare business and how it drives success. The speaker shares their personal experience of implementing an electronic medical record system to cut costs and explains the economic impact it had on their practice. They also highlight the challenges of decreasing reimbursement, increasing costs, and consolidation in the healthcare industry. The speaker offers suggestions for new practitioners, including building a good relationship with the organization's financial manager and staying informed about the economic health of the practice. They also mention resources like the Academy and MGMA for learning about practice management. The speaker concludes by discussing the importance of work ethic, marketing, and practice setup in driving patient volume and success in the medical field.
Asset Caption
Dr. Louis McIntyre
Keywords
practice management
economics of healthcare business
electronic medical record system
healthcare consolidation
patient volume
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