It’s no secret that the Healthcare Industry—and specifically private medical practices—have seen tremendous change in the past few years. Like other industries, expenses are skyrocketing, and good talent is increasingly hard to find (and keep). But unlike other industries, healthcare practices have very little say in their pricing and policies.
In this episode, Paul Perry, FHFMA, CISM, CITP, CPA, CDPSE and Cyndi Warren, CPA are joined by Maddox Casey, CPA, and Sae Evans, CPA, leaders of the firm’s Physician Consulting Practice Group, to discuss how private medical practices must be willing to adapt and stay alert in order to stay profitable and competitive in this ever changing healthcare landscape.
In this episode, you’ll hear:
- How insurance companies dictate healthcare pricing and why pricing is so different from other industries
- Information about how the current staffing and recruiting landscape is affecting the healthcare industry’s ability to find the best employees
- Strategies to help maintain (or increase) profits by examining spending and expenses
- How to stay competitive in an industry that is constantly changing
- The importance of a cyber insurance policy and a robust IT security plan
Resources for additional information:
- Previous Podcast Episode: Employee Retention and Recruiting in Today’s Competitive Environment
- Blog: Healthcare Consulting Recommendations for Improving Medical Practice Profitability By Cutting Costs
- Blog: Healthcare Consulting Recommendations for Improving Medical Practice Profitability By Increasing Revenue
- Resource: 15 Cybersecurity Measures Needed for Cyber Insurance
- Event Invitations: Subscribe to receive invitations to future events and roundtables.
