The ProfitRx

Author: TopHealth Media

Join Josh Fertel on "The ProfitRx" as he helps healthcare providers unlock their financial potential. From billing strategies to revenue-boosting ideas, this podcast is your roadmap to building a thriving and financially efficient medical practice.
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Language: en-us

Genres: Business, Health & Fitness, Management, Medicine

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Why Financial Literacy Is the Missing Link in Private Practice Success
Episode 6
Wednesday, 27 August, 2025

Welcome back to The ProfitRx! After a brief hiatus, host Josh Fertel dives straight into the overlooked world of financial literacy in private medical practices. This episode pulls back the curtain on why so many practice owners struggle with their finances, and what makes the current EHR (Electronic Health Record) landscape so frustrating for getting clear answers. Josh shares candid, behind-the-scenes insights about the challenges of deciphering data, collecting patient payments, and why the basics of cash flow management are so critical (and often neglected).You’ll hear about real-life stories from practices wrestling with outdated systems, the surprising pitfalls of even the priciest EHR solutions, and Josh’s mission to redesign how financial data should be presented and used in everyday practice operations. Plus, the conversation highlights how the right tools and the right partners can transform not just the bottom line, but the overall workplace environment and patient experience. If you’re ready to rethink what financial literacy looks like for medical practices and discover practical ways to improve, this is the episode you don’t want to miss!00:00 Revolutionizing EHRs for Better Efficiency04:52 EHR and Payment System Mismatch08:29 Integrative, Proactive EHR Solutions11:11 Focus on Cash Flow Analysis14:30 Improving Payment Collection Process19:24 Happy Workplace, Happy Customers21:55 Collaborative Problem-Solving with Clients26:14 "Face-to-Face Communication Preferred"28:57 "Prioritize Cash Flow & Receivables"The ProfitRx - Podcast Website - https://theprofitrxshow.com/ Josh Fertel's LinkedIn - https://www.linkedin.com/in/josh-fertel-439815b4/ J3RCM Website - https://www.j3rcm.com/ TopHealth Media - https://tophealth.care/ “Disclaimer: Informational only. Not medical advice. Consult your doctor for guidance.”