Summary
In this episode, Sean and Terry discuss the current state of the healthcare industry, focusing on the business of medicine, the impact of external factors on healthcare operations, and the alarming rise in healthcare bankruptcies. They delve into the role of private equity in healthcare, the importance of compliance, and the need for healthcare organizations to prepare for future challenges. The conversation emphasizes the necessity for healthcare leaders to be proactive in their operations and compliance strategies to ensure sustainability and success in a rapidly changing environment.
Takeaways
<ul>
 <li>Healthcare organizations are facing significant operational challenges.</li>
 <li>The No Surprise Act has impacted private practices' profitability.</li>
 <li>Healthcare bankruptcies have surged, with a 60% increase year over year.</li>
 <li>Private equity firms often lack experience in the healthcare sector.</li>
 <li>Compliance is crucial for navigating the complexities of healthcare regulations.</li>
 <li>Organizations must prepare for potential future crises and disruptions.</li>
 <li>Inflation continues to outpace reimbursement rates for healthcare providers.</li>
 <li>Engagement with professional organizations is vital for advocacy and support.</li>
 <li>Healthcare leaders need to prioritize sustainability and operational efficiency.</li>
 <li>A robust compliance program is essential for long-term success in healthcare.</li>
</ul>

Summary In this episode, Sean and Terry discuss the current state of the healthcare industry, focusing on the business of medicine, the impact of external factors on healthcare operations, and the alarming rise in healthcare bankruptcies. They delve into the role of private equity in healthcare, the importance of compliance, and the need for healthcare organizations to prepare for future challenges. The conversation emphasizes the necessity for healthcare leaders to be proactive in their operations and compliance strategies to ensure sustainability and success in a rapidly changing environment. Takeaways Healthcare organizations are facing significant operational challenges. The No Surprise Act has impacted private practices' profitability. Healthcare bankruptcies have surged, with a 60% increase year over year. Private equity firms often lack experience in the healthcare sector. Compliance is crucial for navigating the complexities of healthcare regulations. Organizations must prepare for potential future crises and disruptions. Inflation continues to outpace reimbursement rates for healthcare providers. Engagement with professional organizations is vital for advocacy and support. Healthcare leaders need to prioritize sustainability and operational efficiency. A robust compliance program is essential for long-term success in healthcare.

Season 8 - Episode 4 - #TerryTuesday

Sean is the host of “The Compliance Guy” a live production dedicated to the intersection of regulatory compliance and the business of medicine. The show provides timely, accurate, and easy to digest information to healthcare professionals.
The show features interviews of industry leaders, government officials, and others helping to shape the healthcare landscape.
Sean M. Weiss (AKA – The Compliance Guy) has been an industry respected name for more than 25-years. A physician and health system advocate, Sean engages with clients to ensure a “level-playing-field” and due process when allegations and/or accusations of impropriety are leveled by a payor or government investigation agency.


When Sean is not engaging in administrative, civil and criminal matters on behalf of more than 30 nationally recognized law firms and clients, he is serving as a third-party compliance officer for a dozen organization across the country ranging in size and specialty to ensure a “Culture of Compliance”!


Sean is a proud member in good-standing with the National Society of Certified Healthcare Business Consultants (NSCHBC), American Health Lawyers Association (AHLA), National Alliance of Medical Auditing Specialists (NAMAS), and the American Academy of Professional Coders (AAPC). Sean holds (CHC, CEMA, CMCO, CPMA, CPC-P, CMPE, CPC, CMC, CMIS, CMOM) national certifications from the Health Care Compliance Association, The National Alliance of Medical Auditing Specialists, The American Academy of Professional Coders and Practice Management Institute.

Business

Sean is the host of “The Compliance Guy” a live production dedicated to the intersection of regulatory compliance and the business of medicine. The show provides timely, accurate, and easy to digest information to healthcare professionals. The show features interviews of industry leaders, government officials, and others helping to shape the healthcare landscape. Sean M. Weiss (AKA – The Compliance Guy) has been an industry respected name for more than 25-years. A physician and health system advocate, Sean engages with clients to ensure a “level-playing-field” and due process when allegations and/or accusations of impropriety are leveled by a payor or government investigation agency. When Sean is not engaging in administrative, civil and criminal matters on behalf of more than 30 nationally recognized law firms and clients, he is serving as a third-party compliance officer for a dozen organization across the country ranging in size and specialty to ensure a “Culture of Compliance”! Sean is a proud member in good-standing with the National Society of Certified Healthcare Business Consultants (NSCHBC), American Health Lawyers Association (AHLA), National Alliance of Medical Auditing Specialists (NAMAS), and the American Academy of Professional Coders (AAPC). Sean holds (CHC, CEMA, CMCO, CPMA, CPC-P, CMPE, CPC, CMC, CMIS, CMOM) national certifications from the Health Care Compliance Association, The National Alliance of Medical Auditing Specialists, The American Academy of Professional Coders and Practice Management Institute.

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Season 8 - Episode 4 - #TerryTuesday

Season 8 - Episode 4 - #TerryTuesday

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