Guest: Dr. Krekamey Craig
Summary
1. **Focus of the Week**: The discussion encouraged pediatric practices to think like donut shops, responding to patient demands with flexible hours and services.
2. **Provider Margin Review**: The hosts emphasized the importance of monitoring the profitability of providers and shared a detailed spreadsheet for calculating margins.
3. **Contract Negotiation**: Key strategies for managed care negotiations were discussed, including the importance of data, understanding the existing contract, and knowing how to leverage relationships with largest employers using the payer.
4. **Flu Vaccine Distribution**: Attendees were informed about unusual patterns in flu vaccine distribution and were advised to manage schedules via VaccineShop.
5. **Cash Flow Planning**: Practices were reminded to continually manage their cash flow, an ongoing concern in uncertain times.
6. **Employee Retention Credit (ERC)**: The IRS program's complexities, including tax liabilities and potential risks, were discussed, urging practices to proceed with professional accounting guidance.