Guest: Dr. Seth Kaplan
Summary
1. **Economic Environment for Practices**: Discussion on inflation pressures, Federal Reserve tactics to address it, and how these affect pediatric practices, including cost control and hiring.
2. **Healthcare Sector Insights**: Issues hospitals face, such as financial strain and staff cutbacks tied to Medicare loans and hospital bed availability due to non-COVID illnesses.
3. **Vaccination Issues**: Merck's new discount strategy linking Gardasil vaccine pricing with the use of their new pneumococcal vaccine, criticized as an abusive practice.
4. **Employee Retention Credit (ERC)**: Detailed discussion about ERC eligibility, the complexity of the application process, high consultancy fees, potential recoup risks, and reputable resources for assistance.
5. **Personal Health Crises and Practice Management**: Dr. Seth Kaplan shares his experience with a serious health diagnosis, treatment, and the impact on his practice, emphasizing preparation for disability and business continuity amidst personal health crises.
6. **Self-Care and Professional Insights**: Dr. Kaplan highlighted the importance of self-care, being prepared for health crises, and maintaining transparency with patients and staff during such times.
7. **Insurance Guidance**: Recommendations on disability insurance and business interruption coverage specific to healthcare practitioners, citing personal experiences for context.