Saving Money or Saving Lives?
May 2, 2024
In this episode of the Health & Wealth Power Hour, Harlon Pickett and returning guest Dr. Ravi Iyer tackle the intricate challenges of leadership in healthcare.
Harlon and Dr. Iyer discuss the conflicts arising from profit-driven entities versus patient-centric care, the hurdles of dealing with insurance companies, and the emotional toll on physicians. Dr. Iyer shares his insights on creating a supportive team environment, the potential of AI and big data, and the concept of medical tourism.
Key Points
- Leadership in the healthcare space
- Challenges faced in the healthcare industry
- Learning through mistakes in healthcare organizations
- Impact of insurance companies on patient care
- Complexities of getting paid for services in healthcare practices
- Navigating insurance, payments, and patient care
- Use of artificial intelligence and big data analysis in healthcare
- Medical tourism and the cash pay model
- Drug costs and lack of negotiation by Medicare