Welcome to another installment of the Health Care Huddle, a show focused on distilling best practices from subject matter experts across a myriad of disciplines so that our listeners may in their own way make the health care system a little bit better for all the stakeholders involved. To paraphrase Ghandi, We must all be the change we want to see in the world.
The Do's and Dont's of Selling Your Health Care Business
Considering selling your healthcare business?
Or maybe you are in acquisition mode. Either way this episode of the Healthcare Huddle will be a real eye opener for you.
This week's guest is Dan Roth. Dan is a Managing Director at The https://forbesma.com/our-team/dan-roth (Forbes M+A Group). He is a trusted advisor, strategist, renowned expert, and acclaimed speaker that has helped thousands of business owners navigate business sales, mergers, acquisitions, capital raises and debt restructuring.
Today's conversation touches on the dos and dont's of selling or buying a healthcare business.
His knowledge is the difference that makes the difference.
Dan discusses how to eliminate risk from your business portfolio to get more for your sale and how to properly evaluate risk to negotiate a better deal if you are buying. Dan offers expert insight into topics such as what role does recurring revenue play in business value, and when is the best time to sell your business.
Is your ego preventing the sale of your business? Michael and Dan drill down into some honest topics like owner ego issues and other unknown influencers and how they impact a sale. Dan’s offers perspective on how the COVID pandemic influenced mergers and acquisitions. It may surprise you. If nothing else it will help you determine how to price a sale or a purchase of a business in the healthcare industry.
Links to find out more about Dan Roth
The State Of The Marijuana Health Industry
Sara Presler works as a consultant for The Mohave Cannabis Company and is a leading voice in Cannabis ethics. She helps write some of the legislation concerning marijuana's legal usage in many states.
The former mayor of Flagstaff, AZ now likes to think of herself as the Mayor of Marijuana.
In her conversation with Michael, they plunge into the tricky legal machinations of marijuana acceptance and its main street challenges.
You'll learn some unique statistics and gain an important perspective on the future of marijuana and its legality, as well as its researched health benefits.For more on Sara:
Is It Time For Healthcare To Come Home?
Has the time come to provide full healthcare solutions in patient's homes? With the Coronavirus pandemic accelerating the need to provide quality healthcare outside of typical facilities, is the future of medicine going to be in each person's house?
The practice of full-service health care inside homes is not new and in fact, is practiced around the world. It's time to rethink how USA providers are delivering healthcare. Dr. Lum Lung shares how bringing the healthcare team to one’s home with the same level of diagnostics and the same level of care in their own homes at a lower cost to all involved.
Dr. Lum Lung shares some important information on how the Pandemic accelerated the growing need for healthcare at home while certain outcomes are greatly improved with healthcare at home.
More on Dr. Lum Lung's company:
Christine Lum Lung, MD, MBA (‘21)
CHIEF EXECUTIVE OFFICER of Origin Healthcare
Christine has practiced clinical medicine for over 20 years. She is the founding member and CEO of Northern Colorado Hospitalists, PLLC, an independent physician-owned and operated company that provides adult inpatient hospital care
LINK TO SHOW MENTIONED IN PODCAST:
Revenue Cycle Management Strategies For Success
Steve Pfeiffer has help consoled business to receive the most storied achievement of a Malcom Baldrige National Quality Award.
He currently President and Director of Revenue Cycle Management for Encompass Healthcare Data Solutions. In this episode, he explores the key metrics to help raise your revenue cycle management to the highest level while also watching for the mistakes that often sidetrack this process.
How do denials impact your business and how do you avoid them. How can a course correction help prevent future denials and why it is vital for effective revenue cycle management.
How do you create an effective feedback loop with internal staff to improve overall organizational success?
In Michael’s Post OP Comments he discusses what should you ask potential vendors when choosing a good vendor for Revenue Cycle management.
The State Of Rural Health In America
Michelle Mills delivers a state of rural health care. As the CEO of Colorado Rural Health Center, Michelle brings substantial experience and working knowledge of rural health issues and has worked closely with rural communities and providers to make a positive impact on rural health delivery.
In this episode, she shares with us her impressions on COVID's impact on all things rural health including telehealth, an aging workforce of health providers and continuity of care.
A penetrating look at the state of Rural Health and how it remains the core infrastructure and heartbeat of small communities.
Encompass Healthcare Data Solutions:
Improving Your IQ on IT
This might be the most important podcast you listen to for the future security of your business. Jason Culotta runs IT security for https://encompassmedical.com/ (Encompass HealthCare Data Solutions) and offers a sobering look at today’s cyber crime criminals and how even the smallest of healthcare businesses can be targets for lucrative criminals looking to hack into your patient records.
Also with technology and the internet of things is your business more exposed?