In this episode of the BackTable Podcast, host Dr. Ally Baheti and Dr. Paramjit “Romi” Chopra discuss the processes involved in successful interventional radiology practice management. Dr. Chopra is an interventional radiologist practicing in Chicago, IL. He is the founder and CEO of Midwest Institute for Minimally Invasive Therapies.

Dr. Chopra advises young IRs against going solo, and he suggests finding people who’ve done it before, to avoid “reinventing the wheel.” Dr. Chopra emphasizes the importance of adopting a patient-centered approach, building systems, developing business sense, and understanding risk. He shares his own experiences of building systems using Salesforce and explains the concept of ‘omni-channel healthcare delivery’. He particularly discusses the importance of patient, provider, and payer relationships, and he offers solutions for dealing with inherent complications. The episode also covers identifying the right electronic health record and developing an effective inventory management system.

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Medtronic IN.PACT 018 DCB

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SHOW NOTES

00:00 - Introduction

05:41 - Shift from Academic Medicine to Entrepreneurship

09:40 - Patient-Centered Care in Interventional Radiology

11:13 - Challenges of Starting an Independent Practice

17:49 - Role of Electronic Health Records (EHRs) in Modern Healthcare

26:15 - Challenges of Implementing EHRs in Interventional Radiology

35:30 - Misconceptions about Outpatient Based Labs (OBLs)

37:01 - Understanding the Payer System

38:19 - Challenge of Insurance Coverage

51:43 - Practice Management Companies

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RESOURCES

MIMIT Healthcare:

https://mimithealth.com/physicians-executives

The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber:

https://a.co/d/2TuGpTn

AdvancedMD Cloud Based EMR:

https://www.googleadservices.com/pagead/aclk

Athena Cloud Based EMR:

https://www.athenahealth.com/landing/athenaclinicals

CIMSS Management Services Organization (MSO):

https://www.cimss.com/

Salesforce:

https://www.salesforce.com/