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BTS: Aligning Incentives and Lessons in Growth
In this inaugural solo episode, I dive into the latest strategies and reflections from the past week at Advaita Health Ventures. Join me as I explore the critical importance of aligning incentives, the challenges of managing a growing team, and our journey toward becoming a data-driven organization. From tackling utilization issues to implementing innovative compensation models, this episode offers a behind-the-scenes look at the lessons we've learned and the steps we're taking to scale sustainably.
Topics Covered
- Aligning Incentives:
- The concept of aligning individual goals with organizational goals.
- Challenges of aligning incentives in a growing company.
- Strategies implemented: financial incentives, productivity bonuses, and additional PTO options.
- Utilization and Data-Driven Decisions:
- Overview of our approach to data integration and utilization.
- Benefits of transitioning to a data-driven model.
- Examples of data-driven improvements in patient care and provider workload management.
- Compensation Models and Flexibility:
- New compensation structures: straight salary, productivity-based pay, and 1099 options.
- Offering flexibility to providers based on their personal and professional needs.
- Recruitment and Team Building:
- Implementing a referral bonus program to attract top talent.
- Strategies for identifying and recruiting high-quality candidates.
- Learning from Mistakes:
- Reflecting on a recent hire that didn't work out as planned.
- Importance of setting up new roles for success and understanding organizational needs.
- The Path Forward:
- Plans for hiring a full-time data analyst.
- Importance of building a solid data architecture for future growth.
- Upcoming projects and the excitement of scaling the organization.
Key Takeaways:
- Aligning incentives is crucial for sustainable growth and employee satisfaction.
- Becoming a data-driven organization requires a solid data architecture and thoughtful integration.
- Flexibility in compensation and recruitment can help attract and retain top talent.
- Continuous learning and adaptation are key to overcoming challenges and achieving success.
Find us on the web:
- Advaita Integrated Medicine
- Green Hill Recovery
View all episodes
By Tripp JohnsonIn this inaugural solo episode, I dive into the latest strategies and reflections from the past week at Advaita Health Ventures. Join me as I explore the critical importance of aligning incentives, the challenges of managing a growing team, and our journey toward becoming a data-driven organization. From tackling utilization issues to implementing innovative compensation models, this episode offers a behind-the-scenes look at the lessons we've learned and the steps we're taking to scale sustainably.
Topics Covered
- Aligning Incentives:
- The concept of aligning individual goals with organizational goals.
- Challenges of aligning incentives in a growing company.
- Strategies implemented: financial incentives, productivity bonuses, and additional PTO options.
- Utilization and Data-Driven Decisions:
- Overview of our approach to data integration and utilization.
- Benefits of transitioning to a data-driven model.
- Examples of data-driven improvements in patient care and provider workload management.
- Compensation Models and Flexibility:
- New compensation structures: straight salary, productivity-based pay, and 1099 options.
- Offering flexibility to providers based on their personal and professional needs.
- Recruitment and Team Building:
- Implementing a referral bonus program to attract top talent.
- Strategies for identifying and recruiting high-quality candidates.
- Learning from Mistakes:
- Reflecting on a recent hire that didn't work out as planned.
- Importance of setting up new roles for success and understanding organizational needs.
- The Path Forward:
- Plans for hiring a full-time data analyst.
- Importance of building a solid data architecture for future growth.
- Upcoming projects and the excitement of scaling the organization.
Key Takeaways:
- Aligning incentives is crucial for sustainable growth and employee satisfaction.
- Becoming a data-driven organization requires a solid data architecture and thoughtful integration.
- Flexibility in compensation and recruitment can help attract and retain top talent.
- Continuous learning and adaptation are key to overcoming challenges and achieving success.
Find us on the web:
- Advaita Integrated Medicine
- Green Hill Recovery