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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Mastering Smart Investments: Avoiding Shiny Object Syndrome in Medical Practices
Episode 4
Thursday, 10 April, 2025

Welcome to another episode of The ProfitRx! In today's engaging conversation, Vivek sits down with special guest Josh Fertel to dive deep into the world of smart investments for medical practices. From avoiding the dreaded shiny object syndrome to maximizing patient care, Josh and Vivek share valuable insights on making savvy financial decisions. They'll explore how to determine when a big purchase is worth the risk and the importance of focusing on patient outcomes. Plus, you'll hear practical advice on scaling your practice, navigating the complex world of billing, and creating a patient experience that sets your practice apart. Whether you're a healthcare provider or just interested in the intersection of finance and medicine, this episode is packed with actionable tips you won't want to miss. So grab a cup of coffee and join us for an episode filled with knowledge and inspiration to boost your profitability in the medical field!Timestamps:00:00 Sales Tactics and Real Needs06:31 Evaluating Healthcare Service Investment09:31 Optimize Foundations Before Expanding11:56 Navigating Insurance Contracts in Healthcare16:55 Understanding Sales Persuasion Mindset20:02 Sales Pitch Reality Check23:50 Evaluating EHR Value and Growth27:11 Improving Office Atmosphere & Communication30:24 Patient Experience Key to Growth32:27 Outsource for Passive Income Boost36:48 Optimize Labor and Office Space39:12 Navigating Client Tech Needs42:10 "Seek External Perspective"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/