Breaking into health innovation: tips and insights from a physician innovator | THE BEST OF The Podcast by KevinMD
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Breaking into health innovation: tips and insights from a physician innovator
Why business acumen matters in healthcare: A clinician's perspective on building better organizations
Many clinicians tend to underestimate their business acumen, particularly those in private practice or larger administrative roles in big organizations. However, it's important to recognize the valuable skills and experience gained from managing people, understanding business, and working with budgets.
For instance, I built out the cardiology department in my private practice clinic, which was part of an umbrella organization with primary care and other specialties. Additionally, I sat on the board and helped run the organization for five years. This experience provided me with a wealth of knowledge that didn't require an MBA but proved to be invaluable in understanding business operations.
As healthcare professionals, we need to recognize the business side of healthcare and its impact on patient care. It's crucial to be able to balance the needs of the business with the needs of the patients to ensure quality care.
Let's work together to advocate for healthcare professionals' business education and create a more business-savvy healthcare system.
The missing voice in healthcare innovation: Why physicians and providers must have a seat at the table
As a chief medical officer in the startup and business world for the past 18 months, I've noticed a clear lack of physician and provider voices in these spaces. While attending large healthcare innovation conferences and meeting with venture capitalists, I realized that less than 5% of the audience consisted of practicing physicians, nurses, and other providers who actually see patients.
There's a lot of talk, noise, and investments being made to disrupt healthcare and make it more efficient and effective. However, without the input of those who provide direct patient care, these efforts may not fully address the needs and concerns of patients.
As healthcare professionals, it's our responsibility to advocate for our patients and ensure that their voices are heard in the decision-making process. We need to actively seek out opportunities to participate in discussions and initiatives that shape the future of healthcare.
Let's work together to amplify the physician and provider voices in the healthcare innovation and startup world to create better outcomes for our patients.
Jay Shah is a cardiologist and health care executive.
?? FULL EPISODE →?https://www.kevinmdpodcast.com/breaking-into-health-innovation-tips-and-insights-from-a-physician-innovator/
Unleashing your potential: how staying focused on your mission can help you overcome burnout
When the day is done, it's not uncommon for me to feel mentally and emotionally exhausted. In today's fast-paced and high-pressure world, it can be difficult to navigate all the expectations, obligations, and distractions. Despite the challenges, I remain committed to my purpose, which is to help people.
At times, it's hard to ignore the noise and the endless checklists and pressures that can cloud my focus and drain my energy. However, I try to stay grounded in my mission and remember that every small step I take towards helping someone is worthwhile.
On the tough days, it can be a struggle to believe in myself and my abilities. But on the good days, I know that I'm doing what I was meant to do. Helping others is what gives me a sense of fulfillment and purpose, and that's why I keep going.
So, if you're feeling overwhelmed or discouraged, remember that you're not alone. Take a step back, focus on your mission, and keep pushing forward. It's not always easy, but the impact you can have on others is worth it.
Ryan McCarthy is an internal medicine physician.
Unlock your brain's full potential with these simple neuroplasticity tips
If you're new to the concept of neuroplasticity, it can be overwhelming to know where to start. There are so many different techniques and approaches out there, and it can be hard to know which ones will be the most effective for you.
In my experience, the best way to get started with neuroplasticity is to focus on something you're genuinely interested in learning about. This could be anything from a new language or skill to a hobby or passion project. The key is to choose something that you're excited about and that isn't related to your job or other obligations.
Once you've identified what you want to learn, the next step is to create a plan for how you'll go about it. I recommend keeping a list of all the things you want to learn and then focusing on just one at a time. This way, you can give your full attention and energy to each topic and avoid feeling overwhelmed.
When I'm planning my week, I always make a point to write down the one thing I'm going to learn about and keep it top of mind. This helps me stay focused and motivated, even on days when I'm feeling tired or distracted.
In summary, the best way to get started with neuroplasticity is to choose a topic that you're genuinely interested in learning about and then create a plan to focus on that one thing. By staying focused and motivated, you'll be able to make the most of your brain's amazing capacity for change and growth.
Michael Day is an orthopedic surgeon.
Preparing for the unknown: A caregiver's advice on coping with crisis and appreciating every day
When facing difficult situations like those we have been through, it's important to gather as much information as possible to prepare yourself mentally and emotionally. From a cognitive caregiving perspective, try to learn as much as you can about what to expect next, even if nobody has been able to provide that information yet.
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On the emotional side, I would advise taking nothing for granted. I was reminded of this by a college friend who lost their spouse unexpectedly. It didn't hit me until we went through our own near-tragic experiences. Every day counts, and we should try to be mindful of the present moment, appreciate what we have, and make the most out of each day.
To others who may be going through similar situations, I would say to remember that you're not alone. Seek out resources, whether it's through healthcare providers, support groups, or loved ones. Don't be afraid to ask for help when you need it.
Let's work together to raise awareness and provide support to those in need.
Bruce Rosky is a patient advocate.
?? FULL EPISODE →?https://www.kevinmdpodcast.com/lessons-from-a-caregiver-for-a-rare-neurodegenerative-disorder/
From helplessness to hope: a psychiatrist's story of working with suicidal teens
Why prioritizing mental health in crisis intervention is critical for children and teens
I've realized that when a child is in crisis, every second counts. Parents may not always understand the urgency of the situation, but when a child is in my care, my focus is solely on them. As much as I'd like to offer support to the parents, my priority is understanding the child's needs and providing the care they require.
However, the time constraints are a real challenge. With only 20 minutes to spare for each patient, I have to make every second count. And there are always more children in need of care.
This realization has made me reflect on the countless hours I've spent working with children and teens. Perhaps I could have done more for the parents, but the system we operate in makes it tough.
Let's work together to break down systemic barriers and prioritize mental health. Every child deserves access to quality care and every parent deserves support during these difficult times.
Don't ignore your child's words: How to spot warning signs of suicidal thoughts and take action
I can't stress enough how important it is for parents to take their child's words seriously when it comes to suicide. If your child expresses any thoughts or feelings related to wanting to escape life, don't ignore it. These statements may be indicators of a deeper issue, and it's crucial to address them before it's too late.
Ignoring the warning signs of suicidal thoughts and considering them a "phase" could normalize these dangerous emotions. It's not normal for someone, especially a child, to want to be dead. As parents, it's our responsibility to take action and prioritize our children's mental health.
If you're not sure what to do or how to approach the situation, there are resources available. Speak to a healthcare provider, school counselor, or mental health professional for guidance and support. Let's work together to raise awareness and prevent suicide.
Shivana Naidoo is a child psychiatrist.
?? FULL EPISODE → https://www.kevinmdpodcast.com/from-helplessness-to-hope-a-psychiatrists-story-of-working-with-suicidal-teens/
Ensuring fair compensation and benefits in physician contracts
Negotiating your physician contract: the importance of sign-on bonuses and compensation in health care
Are you negotiating your employment contract in healthcare? Don't forget to consider your sign-on bonus. According to benchmarks set by MGMA, everyone should be eligible for one.
But if you're not seeing that reflected in your contract, don't be afraid to ask why not. And if you're not moving for the job, ask if that relocation allowance can be added to your sign-on bonus.
After all, if an employer typically provides that allowance for physicians, it shouldn't matter where the money comes from. Make sure you're advocating for yourself and getting the compensation you deserve.
Why modifiers shouldn't affect surgeon compensation: advocating for fair pay in health care
As a surgeon, you work hard to provide the best possible care for your patients. But when it comes to compensation, things can get a little complicated. One issue that often arises is the use of modifiers to adjust production-based payments.
Modifiers are often used by payers to reduce compensation for the work you do. For example, if you perform three hammer toes, the second and third may only be paid at 50% to the entity. While this may be fair in some cases, it shouldn't affect your production as a surgeon.
That's why it's important to advocate for yourself and your compensation. You shouldn't have to suffer a reduction in pay simply because a payer is trying to save money. When negotiating your contract or discussing payment with a payer, be sure to speak up and demand fair compensation that reflects the work you actually perform.
Remember, you work hard to provide quality care to your patients, and you deserve to be fairly compensated for your efforts. So don't let modifiers on your production affect your earnings. Advocate for yourself and ensure that you receive the pay you deserve.
Dennis Hursh is a veteran attorney with over 40 years of experience in health law. He is founder, Physician Agreements Health Law, which offers a fixed fee review of physician employment agreements to protect physicians in one of the biggest transactions of their careers. He can also be reached on Facebook and LinkedIn.
?? FULL EPISODE →?https://www.kevinmdpodcast.com/ensuring-fair-compensation-and-benefits-in-physician-contracts/
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