G.B. Pratt

Omega Healthcare Co-Founder & CEO Anurag Mehta is prominently featured in Billing-Coding (BC) Advantage Magazine following the #HFMAAnnual conference. Mehta, who led a roundtable, is quoted regarding key takeaways, highlighting: “The engagement from the audience was palpable, signaling a collective readiness to embrace innovations for the betterment of our healthcare systems. We even discussed actual use cases of Gen AI at the back end of the rev cycle, amongst many topics related to improving outcomes and cost reduction. It's clear that traditional approaches no longer suffice, and we are seeing a pivotal shift towards leveraging automation technologies and outsourcing as practical, cost-effective solutions to the challenges plaguing the revenue cycle. The landscape can be overwhelming for some, but the consensus is it's no longer optional during these times of significant financial strain." Check out the full article: https://buff.ly/4dtXP0V #AIinHealthcare #GenAI #HFMA2024 #HFMA #RevenueCycle #HealthcareFinance

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What is your medical practice worth? This article looks at key factors that influence valuation and shows you how to accurately assess the value of your practice before selling. Learn more about valuation and what we sometimes see with doctors' reactions to appraisals: https://buff.ly/47I8LpW . . #MedicalPracticeValuation #PracticeWorth #HealthcareBusiness #TinsleyMedicalPracticeBrokers #BusinessForSale #businesstransition #valuation

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Hailing all Defenders of the Detrusor ... More tools in your toolbelt! Yes ... the Golden Era of Bladdder Diagnostics for BPH BPO is alive and well! The category of Basic Urodynamics continues to grow as it includes ... IPSS, Diary, PSA, Uroflow, and Ultrasound (DWT, BWT, PV, IPP, PL. etc.) ! Use #Uroflow as an additional data point to triage LUTS patients and identify who needs a Bladder Health Baseline which included at least a #cystoscopy and ideally multi-channel Advanced #urodynamics if available. If you have Enhanced UDS like penile cuff or external condom catheter technology, then use that. Any data is better than none. Great listen as the Brigade of Uroflow Defenders keep advancing both the hardware and software technologies to empower BPH BPO patients with their own data !!! Amazing how the technologies can account for so many parameters ... Patient Height | Echoic properties | Water depth | Shape of toilet bowls | Background noice | Meatal geometry | Water depth ... Nice! Defenders, find the technology that works for your BPH BPO operational pathway. Most importantly, keep prioritizing DATA OVER DRUGS!!!! #stopnarcotizingbladders Luca Cindolo Drugs are Temporizing measures, not Therapeutic measures. Data shines light into the darkness of BPH BPO. Accurate data drives appropriate decision-making! Let's go save more bladders!! Shout out to Emano Flow and the visionary team they have assembled Bishara Korkor, MS Teddy Hay, PhD Kevin McVary Alexander Glaser Chuck Schwiesow DPT, CMTPT, ATC Gratitude for the growth of the Uroflow Brigade of Defenders Stream Diagnostic - Empowering urologists to further the conversation Mark W. Robinson Austen Slade, MD, MBA MenHealth Jenny Belotserkovsky Sijo Parekattil M.D., FACS Soundable Health Catherine J Song Bilal Chughtai Ricardo R Gonzalez MD URPS iO Urology Corp Britton GarrettSteven Kaplan Minze Health Gilles Tas Tip of the hat to and appreciation for Master Interviewer John Lin, MD ... The microphone technique ... the eye contact ... the interview questions ... So much to learn in this Crusade to Save Bladders. ______ Let’s evolve the Guidelines together… Prioritizing the Preservation of Bladder Health Ending the Polypharmacy Epidemic and Preventing Late-Stage BPH BPO / End-Organ Bladder Failure(Patient-Centered Medicine) (Stg1 BPO Stg 2 Overactive Bladder Stg 3 Urge Incontinence, Stg 4 Acute Retention, Stg 5 Bladder Failure) ________ Learn more: https://lnkd.in/gsFnAhvZ #WhatAboutMyBladder #manvsprostate #prostate #bph #urology #bladder #bladderhealth #menshealth

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Optimize RPM for Better Results! Curious about remote patient monitoring accuracy? Discover key factors affecting RPM and tips to ensure reliable data collection. Learn more: https://bit.ly/3SrIFRH #HealthcareInnovation #PatientCare #RPM

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Here's Part Two! While the TRT market presents lucrative opportunities, it also comes with challenges: 1: Regulatory Landscape: Adherence to regulations and guidelines governing hormone therapy is crucial to ensure patient safety and compliance. 2: Clinical Expertise: Offering TRT requires specialized knowledge and expertise in hormone optimization, necessitating ongoing education and training for healthcare providers. 3: Patient Education: Educating patients about the benefits, risks, and expectations of TRT is essential for informed decision-making and treatment adherence. 4: Competitive Landscape: With the growing popularity of TRT, competition among cash-pay medical practices offering these services is increasing, requiring differentiation strategies to stand out. Opportunities for Growth: Despite challenges, the TRT market in cash-pay medical practices presents promising opportunities for growth: 1: Diversification of Services: Incorporating comprehensive men's health services beyond TRT, such as sexual health treatments and wellness programs, can attract a broader patient base. 2: Technological Advancements: Embracing innovative technologies and treatment modalities, such as telemedicine and precision medicine, can enhance the delivery and efficacy of TRT services. 3: Strategic Partnerships: Collaborating with industry partners, including pharmaceutical companies and compounding pharmacies, can expand service offerings and access to resources. 4: Market Differentiation: Establishing a unique brand identity and value proposition based on quality of care, patient experience, and outcomes can position cash-pay medical practices as leaders in the TRT market. By understanding the market landscape, addressing challenges, and seizing strategic opportunities for growth, practitioners can successfully navigate the TRT landscape and meet the needs of their patients effectively.

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Investing in patient-centric platforms offers numerous advantages, particularly when these platforms prioritize strong patient engagement. One of the primary benefits is the potential for higher patient retention and loyalty. Engaged patients are likelier to stay with a platform that meets their needs and provides continuous support, leading to sustained usage and recurring revenue. This loyalty boosts the platform's financial stability and enhances its market reputation. Learn more about the advantages of investing in patient-centric platforms and how they are shaping the future of healthcare. Read the full article here.https://buff.ly/3XcXqef #healthtech #investing #AIwellness #digitalhealth #ecommerce #investmentstrategies #wellnessindustry #AItechnology Subscribe to the Evolving HealthTech newsletter here: https://buff.ly/44pGPE0

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🤔 How do (US) hospitals spend money 101? Salaries, Wages, Benefits: 45-55% Professional Services: 12-22% Supplies: 12-18% Depreciation/Amortization: 3-6% Other Expenses: 5-20% 8 key insights: n°1. Hospitals consume 31% of US healthcare spending: Despite being the largest spending category, many hospitals struggle with low operating margins, often below 2%. n°2. Labor costs dominate hospital expenses: Salaries, wages, and benefits account for 45-55% of a hospital’s expenditures, with front-line staff making up 75-82% of the workforce. n°3. Contract labor adds significant costs: Hospitals often resort to staffing agencies due to labor shortages, paying 2-3 times more for contract workers compared to employed staff. n°4. Supplies account for 12-18% of expenses: This includes medical equipment, drugs, and personal protective equipment. n°5. For-profit vs. non-profit hospitals: For-profit hospitals tend to manage costs more efficiently, keeping salaries and expenses lower, but often at the expense of services like Medicaid or charity care. n°6. Economies of scale in larger health systems: Larger systems benefit from negotiating better prices for supplies and services. n°7. Rural hospitals face unique challenges: Limited access to talent and capital means rural hospitals must rely more heavily on expensive outsourced labor and struggle to offer high-margin services. n°8. Staffing shortages remain a key issue: Despite financial recovery post-COVID for many hospitals, staffing shortages continue, driving hospitals to explore different revenue models and operational changes to sustain profitability.​ Great post by the Out-Of-Pocket team Nikhil Krishnan & Ben Chao #healthcare

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Naren Arulrajah mentions that optimizing your Google My Business profile can drive 30 times more business for your practice compared to platforms like City Search or Yelp. Take the extra steps to enhance your profile, and watch your practice grow with more visibility and patient engagement! Listen to the episode now: https://bit.ly/3Y8u0N8 #DentalMarketing #GoogleMyBusiness #PatientAcquisition #DentalPracticeGrowth

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AI in healthcare is transforming the landscape—revolutionizing everything from patient care to operational efficiency. The conversations at Becker’s Health IT + Digital Health + RCM Meeting highlight the tangible impact AI has on precision medicine, predictive analytics, and enhancing the patient experience. Being at this conference, it’s clear that we're not just exploring possibilities but actively shaping a more intelligent and responsive healthcare system. It's exciting to witness how AI will soon become integral to every facet of healthcare. #AIinHealthcare #HealthTech #DigitalInnovation #HealthcareTransformation #beckersannualHITRCM #beckershealth

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Recently, I had the opportunity to listen to a podcast featuring the CEO's of Prime Therapeutics and Cap Rx. Investing time to learn what I can has always been crucial to my growth, and this podcast hit the mark for me. I was able to uncover some nuggets of wisdom that I can use to educate myself further. It's always exciting to learn from industry leaders and gain insights that can help me excel in my field. https://lnkd.in/eZTMUmiu

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Why settle for outdated record-keeping methods? With AKRA HEALTH's EMR, streamline your workflow, enhance patient satisfaction, and ensure data security. Experience improved efficiency, cost savings, and better communication. Sign up today & transform your practice! https://lnkd.in/gPWT4t_D #EMR #HealthTech #PracticeTransformation #AKRAHEALTH

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Let's dive into the concept of vertical integration in medical practices… Vertical integration means leveraging your specific services to include complementary options, enhancing patient care and efficiency. For example, in weight loss programs, we don't just offer GLP1 medications; we provide a full spectrum of weight loss meds, specific diets, and even partnerships with local gyms. By aligning with vendors who support these services, we can negotiate discounts through group purchasing options (GPO), lowering our costs significantly. This strategic approach not only boosts our service offerings but also deepens our industry partnerships. Always think: How can I vertically integrate this service to better serve our community and streamline operations?   . . . #entrepreneur, #business, #success, #inspiration, #startup, #hustle, #inspiration, #marketing, #leadership, #smallbusiness, #finance, #money, #mindset, #innovation, #growth, #networking, #digitalmarketing, #branding, #creativity,, #strategy, #workhard, #perseverance, #clinicowner #healthcareentrepreneur #medicalentrepreneur #medspaowner #medspamarketing #medicalbusiness

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Effective patient engagement requires a multifaceted approach that prioritizes user involvement at every stage of the healthcare journey. One key strategy is personalized communication, which can be facilitated by AI-driven platforms that analyze patient data to deliver tailored messages and recommendations. These platforms can send reminders for medication adherence, provide educational content relevant to the patient's condition, and offer motivational messages to encourage healthy behaviors. Discover how AI-driven platforms are revolutionizing patient engagement and transforming healthcare delivery by reading the full article. https://buff.ly/3XcXqef #healthtech #investing #AIwellness #digitalhealth #ecommerce #investmentstrategies #wellnessindustry #AItechnology Subscribe to the Evolving HealthTech newsletter here: https://buff.ly/44pGPE0

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RPM is transforming healthcare, but how exactly? Check out our blog to find out 5 ways it enhances patient satisfaction and boosts outcomes: https://bit.ly/4dmwME3 #RPM

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Navigating healthcare operations requires understanding key challenges: Massive & Underserved Market: Did you know that 50% of physicians and clinical business owners represent a significant yet underserved market? At Metis Health Technologies, we prioritize empowering this vital segment. Denials Impact Independent Clinics: Independent clinics face up to a 60% denial rate, straining finances and patient care. It's a critical issue we address with tailored solutions. Complex Payment & Operations: Managing operations involves navigating intricate payment structures like quality bonuses and high barriers to entry. Our solutions streamline processes for sustainable practice management. Incumbents Falling Short: Existing solutions often fail to meet evolving needs. Metis Health Technologies steps in to innovate and deliver results where others fall short. Join us in reshaping healthcare operations with forward-thinking solutions that empower providers and enhance patient outcomes. #HealthcareInnovation #ClinicOperations #RevenueCycleManagement #MetisHealthTechnologies

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Automated info transforms clinics it's a game changer for patient experience Automated pre and post-treatment information is not just a luxury anymore It’s essential for clinics that want to prioritize patient education and satisfaction Patients become well-informed before they even walk through your doors with easy access to necessary knowledge that helps them navigate their treatments and after treatment, they receive tailored guidance this enhances satisfaction, trust, and confidence but also reduces no-shows and anxiety and it's a tremendous relief for your team Finally, clinics that embrace automation set themselves apart it’s the future of exceptional patient care.

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