Kathryn Koshinski
Austin, Texas Metropolitan Area
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Stacy Mays
Investing in companies that fill needs for health systems is a growth opportunity for both delivery organizations and start ups. Some systems are jumping in on their own, while others are partnering with like minded systems or with established VC firms. While this is a relatively new trend for systems, health plans have been making similar bets for many years. The benefits of becoming a health system portfolio company can be significant. Data, access to beta populations and real world coaching can be extremely beneficial. Start ups get mentoring and systems have to ability to leverage outside resources to solve relevant business problems. I predict a booming business!
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Andrew Herrmann
🚀💡Big Moves in AI! Thoughtful AI, an Austin-based innovator in healthcare revenue collection, just secured a hefty $20M Series A funding led by Drive Capital! 🎉 Total funding now at $35M! 🔗📈 🌟 **Key Highlights:** - Thoughtful AI focuses on streamlining revenue cycles in healthcare. 🏥💸 - This recent funding aims to accelerate expansion and tech advancement. 🚀👨💻 - Drive Capital sees massive potential in their innovative solutions. 🌟 🔍 **Further Insights:** - With AI-driven tools, Thoughtful AI enhances efficiency in healthcare billing processes, potentially reducing overhead costs and increasing revenue recoveries. 💡🔧 - Businesses can look towards integrating similar AI solutions to optimize operations. 🤖💼 📊🤔 What do you think the impact of AI in healthcare finance will be in the next 5 years? Could this tech be the key to more sustainable health practices? 👀💬 #HealthcareInnovation #AI #FundingNews #Technology #BusinessGrowth #DriveCapital #SeriesAFunding #RevenueCycleManagement #ThoughtfulAI #HealthTech 👍 or 👎? Share your views or hit the share button if you find this intriguing!
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Phil Boucher, M.D.
Attention healthcare friends --> GET OFF THE FENCE!! This video is a repost from over a year ago - why oh why did it get over 150K views in 2 days? ✅ The headline is an exact question I get asked at least weekly and so is on a lot of parent's minds ✅ It's straightforward and corrects the common misconception that kids need to be able to regurgitate certain facts before kindergarten (like numbers or letters etc) so parents feel justified "ahh I knew it was stupid that I was spending time on flashcards and letters" ✅ It's very shareable because it increases the sharers standing in their community by making them feel in the know ("look what I saw, I wanted you to know this, too...you're welcome!") It took less than 10 minutes to film, add captions, and post...and that was over a year ago (the original got over 1M views) Get off the fence - you get asked questions ALL DAY LONG!! Want help? Free marketing workshop for practice owners https://lnkd.in/eMUjSiYN
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Aziz Mallik
Healthcare Entrepreneurship Series #4 - Prioritizing Patient Care In healthcare tech, it's easy to get distracted. - New features. - Cool tech. - Slick designs. But here's the deal: if it doesn't help patients, it doesn't matter. For me, patient care comes first. And it's been our guiding principle at c-lynx too. We learned this by: ✔️Watching care providers work ✔️Testing our products with real patients ✔️Listening to doctors' complaints Every business decision comes down to one question: Does this help patients? If not, scrap it. It's not always easy. We've also had to cut "cool" features and redo products based on feedback. But it pays off: ✔️Patients are happier ✔️They stick to their treatments better ✔️Health outcomes improve In healthcare, we're not just making products. We're changing lives. Everything we do matters. To other founders: Don't forget why you started. Keep patients at the center. It's not just right, it's smart. Success here isn't about money. It's about helping people. Remember that. Until #5. Take care :) P.S. Did you miss the previous posts? Get the link in the comments!
1813 Comments -
Stedman Hood
The market sets physician reimbursement rates in healthcare, right? WRONG. Here's how they're actually set. (It's closer to Soviet-era price-setting than a free market.) Back in the day, physician reimbursement was governed by the Customary, Prevailing, and Reasonable (CPR) charge system – but it wasn’t perfect, leading to: · Inconsistent pay across similar services · Geographic disparities · Inflated procedure costs · Underpaid complex office visits · Ineffective Medicare cost control In 1992, Relative Value Units (RVUs) emerged to address these issues. [4] RVUs aimed to standardize payments based on required resources, accounting for: · Physician's work · Practice expenses · Malpractice insurance Sounds reasonable, but it's not that simple. 👍 𝗣𝗿𝗼𝘀 𝗼𝗳 𝗥𝗩𝗨𝘀 1. Consistent basis for comparing medical services 2. Account for skill, time, and resources 3. Periodic reviews by the RUC [1] 👎 𝗖𝗼𝗻𝘀 𝗼𝗳 𝗥𝗩𝗨𝘀 1. Often lag behind current practices and technologies 2. Critics argue they overvalue procedures and undervalue counseling 3. Complex calculation confuses many physicians [1] 𝗤: 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲𝘀? 1/ Value-based payment models These focus on patient outcomes rather than service volume. Including: · Accountable Care Organizations (ACOs) - a group of providers working together to give coordinated, high-quality care. · Bundled payments - one payment for all services related to a treatment. · Pay-for-Performance - providers get rewarded for meeting specific quality and efficiency measures. [1][2] 2/ Quality Metrics (e.g., HEDIS) This is about looking at the bigger picture of care, not just counting procedures. This includes: · Implementation of patient satisfaction scores · Clinical Outcomes - how effective was the treatment? Did the patient get better? · Efficiency measures - how much bang are we getting for our healthcare buck? These metrics could complement or even replace RVUs. The goal is to measure what matters (outputs), not just treatment (inputs). [1][2] 3/ Global RVUs They cover all healthcare services across hospitals, outpatient facilities, and home health services – not just physicians. Global RVUs aim to fix some of the limitations of traditional RVUs by giving us a broader view of service costs. [3] 4/ Telehealth and non-face-to-face services COVID-19 threw us into the deep end of telemedicine. But our old RVU system wasn't built for it. We need new models that recognize the value of care coordination, patient education, and preventive services that don't happen face-to-face. [1][2] Looking forward: We're moving towards personalized, tech-driven healthcare, and our reimbursement models must keep up. Imagine a system that considers not only the complexity of care (like RVUs) but also factors in outcomes, patient satisfaction, and innovative technologies. We can't have outdated payment models holding back medical progress.
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