Understanding Orthopedic Practice Models: Independent Practices and Joint Venture-Understanding Orthopedic Practice Models: Independent Practices and Joint Venture Video

Understanding Orthopedic Practice Models: Independent Practices and Joint Venture Video

Video Transcription

Video Summary

In this webinar, three orthopedic practice leaders discussed key challenges and strategies for success. They emphasized the importance of retaining earnings and making investments in areas like technology to drive growth and efficiency. They highlighted the significance of communication with physician owners about the need for reinvestment. The leaders shared insights into maintaining patient relationships, implementing new systems like EHRs, and using technology to streamline operations and improve patient care. They also discussed the importance of budgeting, planning ahead, and staying ahead of financial and operational challenges to ensure the sustainability of their practices. Ultimately, the advice they offered to others following in their footsteps focused on the value of getting involved, seeking support from organizations like AOE, and focusing on what can be controlled while letting go of what cannot, to maintain a healthy work-life balance.

Keywords

orthopedic practices

investments

leadership

competition

health systems

technology

EHR integration

physician owners

AI-driven solutions

work-life balance

orthopedic practice leaders

key challenges

strategies for success

retaining earnings

investments in technology

communication with physician owners

patient relationships

EHR implementation

budgeting