Chip & Paulie Webinar 12 (June 18, 2020)

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Chip & Paulie Webinar 12 (June 18, 2020)
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Chip & Paulie Webinar 12 (June 18, 2020)

Chip & Paulie discuss crucial strategies for managing cash flow, patient recall, and media engagement to sustain practice operations during the COVID-19 crisis. Dr. Brown and Dr. Hill emphasized the significance of maintaining a strong media presence and sharing relatable patient stories to reassure the community and advocate for pediatric needs. Additionally, Dr. Suzanne Berman detailed the application process for the CARES Act Medicaid and CHIP Targeted Distribution fund, urging practices to apply for potential relief funds to cover COVID-related financial impacts.

Guests: Dr. Suzanne Berman, Dr. Ari Brown, & Dr. David Hill

Download Slide Deck Here

 

Summary

Here's a summary of the discussed webinar in 10 bullet points:

1. **Importance of Media**: Doctors Brown and Hill emphasized using media to advocate for pediatric practices, educating families, and enhancing public health communication. They discussed the types of media (owned, rented, earned) and focusing on storytelling and relatable content.

2. **COVID-19 Financial Challenges**: The webinar stressed the importance of financial management during the pandemic, including budgeting, recall of patients for well visits, and applying for aid programs such as the CARES Act.

3. **Data Analytics**: Trends in pediatric practice volumes were analyzed, showing a significant drop in sick visits but an increase in well visits back to or exceeding pre-COVID levels. Emphasis was on using data to make informed business decisions.

4. **CARES Act Application**: Doctor Susan Berman explained the intricacies of the CARES Act's financial aid for Medicaid and CHIP providers, urging pediatricians to apply even if funds are not immediately needed.

5. **Interactive Forum**: Encouragement to participate in the interactive forum provided by PCC and PMI to share information and support each other in navigating financial and operational challenges during the pandemic.

6. **Follow-Up Actions**: Participants were advised to continue budgeting, patient recalls, applying for financial relief programs, and actively engaging with media and their patient communities.


 

Picture of Paul Vanchiere, MBA

Paul Vanchiere, MBA

For over 15 years, Paul has dedicated himself exclusively to addressing the financial management, strategic planning, and succession planning needs of pediatric practices. His background includes working for a physician-owned health network and participating in physician practice acquisitions for Texas's largest not-for-profit hospital network, giving him a distinctive insight into the healthcare sector. Paul is adept at conducting comprehensive financial analysis, physician compensation issues, and managed care contract negotiations. He established the Pediatric Management Institute to offer a wide range of services tailored to pediatric practices of all sizes and stages of development, with a focus on financial and operational challenges. Additionally, Paul is actively involved in advocacy efforts to ensure healthcare access and educational opportunities for children with special needs.

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