))
Financial Management of the Occupational Medicine Practice
Manage episode 406649534 series 3551550
Content provided by Larry Earl, MD, Larry Earl, and MD. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Larry Earl, MD, Larry Earl, and MD 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 of Fit for Duty, host Dr. Larry Earl, president of the National Association of Occupational Health Professionals, and guest Keith Lavin, Director of Business Operations at Hackensack Meridian Health, delve into the financial hurdles facing occupational medicine practices.
They discuss the increasing costs and shrinking revenues in healthcare, particularly in occupational medicine, studying pre and post-pandemic cost drivers like salaries and turnover rates. The conversation also covers financial management strategies, including cost containment, billing and coding innovations, and the importance of tracking key financial metrics.
The episode highlights the role of technology and AI in enhancing service delivery, examines trends in workplace health services, and offers insights on starting and growing an occupational medicine practice amidst financial and operational challenges.
Key Discussion points:
00:00 Welcome to Fit for Duty: Unraveling Occupational Health
01:07 Deep Dive into Financial Challenges in Occupational Medicine
02:14 Exploring Financial Hurdles and Solutions
06:38 Strategies for Financial Management and Growth
09:44 Innovations in Billing, Coding, and Revenue Optimization
14:14 Cost Effectiveness and Value-Based Care in Occupational Health
25:59 Expanding Services and Embracing Technology for Growth
31:57 Emerging Trends and Opportunities in Occupational Medicine
35:17 Advice for New Practitioners and Conclusion
Thanks for tuning in to the Fit for Duty Podcast. Please help us by liking, rating, and subscribing to the channel. It really helps others find this show and benefit from its content. See you on the next one!
Watch the video version here: Here
Don't let your competitors outsmart you. Gain an unfair advantage with NAOHP's Occmed Market Analyzer – your secret weapon for strategic growth. Click here to discover how.
Stop guessing, start strategizing. The NAOHP Benchmark Study report reveals key metrics to optimize your occ med practice. Click here to download.
Join NAOHP membership: Click here
Occupational Medicine for Providers: Click here
10 episodes
Share
