Keys to a Thriving and Attractive Medical Practice - Episode 73

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By John Lynn and Colin Hung, John Lynn, and Colin Hung. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

For the 73rd episode of the Healthcare IT Podcast, we’re sharing the keys to a thriving and attractive medical practice. Plus, we have a special guest host, Chad Anguilm, Vice President of Practice Solutions at Medical Advantage. It was awesome to have Chad Anguilm as guest host since he can share the real life experiences that many medical practices he works with face. Plus, he shares the successes he’s seen helping those practices thrive.

Many practices face enormous challenges. Whether it’s COVID, pressure from competition, or something else, many practices are trying to figure out the best way to navigate this new hyper connected world with many more competitors. Plus, some of those practices are looking at what they need to do to make their practice attractive to the many potential acquirers out there. In this episode, we dive into how a practice can thrive during these challenging times. The great bonus is that creating a thriving practice is the most important step to creating a practice that’s an attractive acquisition target for private equity and health systems.

Here’s a preview of the questions we discuss in this episode:

  • What are the big challenges you see when a medical practice is struggling?
  • Where does technology play a role in a successful practice today?
  • What are the keys to successfully marketing a medical practice?
  • How can a practice ensure they’re attractive to private equity or other organizations that may want to buy them? How can they increase the value of a practice?

Let’s take a moment to thank our sponsor, Medical Advantage. If your medical organization is seeking ways to reduce cost, increase care quality, and stay viable amid the shift to value-based care, Medical Advantage can help. Their consultants have been in the industry themselves, and work alongside healthcare professionals both virtually and at the point-of-care to improve clinical and financial outcomes. EHR optimization, analytics and dashboard solutions, practice marketing consulting and more are just some of the many service lines in their broad and ever-expanding portfolio— find out more about how Medical Advantage’s consultants can help your organization at MedicalAdvantage.com.

Now, without further ado, we’re excited to share with you the next episode of the Healthcare IT Today podcast.

We publish a new Healthcare IT Today podcast every ~2 weeks. Thanks to our friends at Healthcare Now Radio, you’ll be able to listen to the latest episodes of Healthcare IT Today on their radio station for the first two weeks. Then, we’ll be publishing each episode as a podcast and YouTube video here after it finishes on the radio.

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If you work in Healthcare IT, we’d love to hear where you agree and/or disagree with the perspectives we shared. Feel free to share your thoughts and perspectives in the comments of this post, in the YouTube comments, with @Colin_Hung or @techguy on Twitter, or privately on our Contact Us page. Let us know what you think of the podcast and if you have any ideas for future episodes.

Thanks so much for listening!

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