In this episode, Coach JPMD discusses how physicians can better understand how revenue is generated. He discusses the inspiration for his new Money Tree Series and how this understanding might better prepare you as physicians to ultimately increase profits and to accelerate growth.
At the root of it all, he details three things that providers should know about Center of Medicare Services (CMS) and how revenue to providers of care is generated, how its monies are distributed to the insurance companies, and what can drive an increase in CMS funding. You will not want to miss the beginning of this financial mind blow!
Welcome to the Practice: Impossible Podcast with your hosts, Coach JPMD. And that's me. And this episode is a little different. It's introducing a new concept in what we've done over the past couple of years. And that is to actually summarize one of our important series that we had in season one as we prepare for season two, and the release of new episodes, we wanted to summarize the money tree series as we feel that it's important for physicians to understand the flow of money and how monies flow from CMS, Medicare two Medicare Advantage plans to IPAs and to provider bank accounts. So we've chapterized, if I can.. coin a word, I think that's a word. Basically, we created chapters with all the money tree series in one episode, and we hope that you enjoyed it, click on the link below, and you'll see the episode. And you can listen to all the things that we talked about with regards to money. In the meantime, as we prepare for season two, we're really excited with the guests that we have lined up, and we hope that you hit follow, subscribe, whatever you do in your podcast app, to get alerts for new episodes. See you soon