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Content provided by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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5 Essential Steps in Building a Revenue Model for Your Digital Health Business
Manage episode 340477530 series 2934463
Content provided by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, Carrie and Rebecca discuss:
- What a minimum viable revenue model is
- What 5 questions they ask every new revenue model client
- Why healthcare business rules are different from every other industry
- Why determining a revenue model must include designing a compliant business arrangement
- What happens when your revenue model is noncompliant
Download the checklist here: https://bit.ly/3TxMKCN
Find the episode transcript at our website: https://nixongwiltlaw.com/dhi-podcast/
Key Takeaways:
- The first question you must ask is, “what are you selling”? For example, a vendor of RPM is often selling software, devices, and clinical services in the form of management services.
- Identifying who your customers are or what revenue streams you have available is a key step in figuring out what the available payment mechanisms are. You may have more options than you think.
- In healthcare, designing a compliant business arrangement is key to capturing revenue without getting yourself in trouble. Noncompliance is a revenue risk.
- Consider what documents you need to make the arrangement viable.There may be more than you think due to the complexity of the healthcare industry.
“If you’re using those non-compliant business arrangements to capture the revenue, that revenue down the road may be clawed back from you.” - Carrie Nixon
Learn more from Carrie and Rebecca:
Healthcare Insights (a monthly deep dive into specific topics for innovators): https://nixongwiltlaw.com/healthcare-insights
Telehealth/Virtual Care Mgmt Update (a biweekly LinkedIn newsletter tracking legal and policy changes across the nation): https://www.linkedin.com/newsletters/telehealth-virtual-care-update-6901900767960068096/
Website: https://nixongwiltlaw.com/
Carrie on LinkedIn: https://www.linkedin.com/in/carrienixon/
Rebecca on LinkedIn: https://www.linkedin.com/in/rebeccagwilt/
NGL on LinkedIn: https://www.linkedin.com/company/nixon-gwilt-law/
65 episodes
Share
Manage episode 340477530 series 2934463
Content provided by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carrie Nixon and Rebecca Gwilt, Carrie Nixon, and Rebecca Gwilt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, Carrie and Rebecca discuss:
- What a minimum viable revenue model is
- What 5 questions they ask every new revenue model client
- Why healthcare business rules are different from every other industry
- Why determining a revenue model must include designing a compliant business arrangement
- What happens when your revenue model is noncompliant
Download the checklist here: https://bit.ly/3TxMKCN
Find the episode transcript at our website: https://nixongwiltlaw.com/dhi-podcast/
Key Takeaways:
- The first question you must ask is, “what are you selling”? For example, a vendor of RPM is often selling software, devices, and clinical services in the form of management services.
- Identifying who your customers are or what revenue streams you have available is a key step in figuring out what the available payment mechanisms are. You may have more options than you think.
- In healthcare, designing a compliant business arrangement is key to capturing revenue without getting yourself in trouble. Noncompliance is a revenue risk.
- Consider what documents you need to make the arrangement viable.There may be more than you think due to the complexity of the healthcare industry.
“If you’re using those non-compliant business arrangements to capture the revenue, that revenue down the road may be clawed back from you.” - Carrie Nixon
Learn more from Carrie and Rebecca:
Healthcare Insights (a monthly deep dive into specific topics for innovators): https://nixongwiltlaw.com/healthcare-insights
Telehealth/Virtual Care Mgmt Update (a biweekly LinkedIn newsletter tracking legal and policy changes across the nation): https://www.linkedin.com/newsletters/telehealth-virtual-care-update-6901900767960068096/
Website: https://nixongwiltlaw.com/
Carrie on LinkedIn: https://www.linkedin.com/in/carrienixon/
Rebecca on LinkedIn: https://www.linkedin.com/in/rebeccagwilt/
NGL on LinkedIn: https://www.linkedin.com/company/nixon-gwilt-law/
65 episodes
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Similar to Decoding Healthcare Innovation
A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman and Rob Litterst from The Hustle.
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continue reading
Kara Goldin, founder of Hint, sits down with today’s most fascinating entrepreneurs, disruptors, and change-makers for a no-holds-barred discussion of how they overcame long odds on the road to start-up success. Guests such as Guy Kawasaki (Apple, Canva), Julie Bornstein (The Yes, Stitch Fix), Mindy Grossman (WW), and Amy Errett (Madison Reed) share wisdom and anecdotes that will inspire you – and challenge you to think differently about achieving your goals. For more on the podcast as well ...
…
continue reading
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…
continue reading
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…
continue reading
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Tempers fly as the newsmakers of the week face-off in this award-winning show. Anchored by Sanket Upadhyay, this weekly program has politicians battlling wits with a live audience.
…
continue reading
Join Larry Mantle weekdays for lively and in-depth discussions of Los Angeles and Southern California news, politics, science, entertainment, the arts and more. More AirTalk at www.kpcc.org.
…
continue reading
Each week, Another Bite breaks down the latest and greatest pitches from Shark Tank. It's practical business advice delivered in a fun way. All the substance of an HBR article, but fun. Hosted by Jorie Munroe, Ariel Boswell, and Jon Dick.
…
continue reading
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