Ep. 88 Why Docs Need to Pay Attention to How They Are Getting Paid with Dr. Ruchika Talwar and Anish Parikh

What is the true role of the physician in today's rapidly changing healthcare landscape, and how do payment structures affect physician incentives? In this episode of Backtable Industry, urologist Dr. Ruchi Talwar and entrepreneur Anish Parikh discuss the state of the current healthcare system, including the frustrating aspects of payment models and incentives that lead to high costs and poor outcomes.

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SYNPOSIS

Parikh and Dr. Talwar explore the complexities of healthcare insurance, Medicare, and the shift towards value-based care models. Dr. Talwar highlights examples of how employers and healthcare providers can work directly to offer more streamlined, quality-focused care at lower costs, and emphasizes the critical importance of physician involvement in shaping the future of healthcare.

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TIMESTAMPS

00:00 - Introduction

04:27 - The Complexity of Healthcare Access and Insurance

13:43 - Changes in Physician Compensation

18:27 - Value-Based Care Models

27:33 - Challenges and Misconceptions in Value-Based Care

30:51 - Physician-Led Programs and Their Benefits

36:13 - The Changing Landscape of Physician Autonomy

46:54 - Conclusion and Future Discussions