Best Metrics | Best Metrics for Healthcare Professionals

Best Metrics for Healthcare Professionals

July 23, 2024 / 57:01/E6

In this episode Glenn interviews Michael DeLuca, Principal at HBK and healthcare finance expert, about essential financial metrics for advising clients in the healthcare sector. They discuss key performance indicators for physician and dental practices, including revenue cycle management, overhead metrics, and strategies for practice growth. Michael shares insights on industry trends like private equity investment in healthcare and the challenges facing independent practices in today's regulatory and reimbursement environment.

Learn more about Peerview Data
https://www.peerviewdata.com

Connect with Michael DeLuca
https://hbkcpa.com/about-us/our-professionals/michael-deluca
https://www.linkedin.com/in/michael-deluca-cpa-mba-94755a4

Connect with Glenn Dunlap
https://linkedin.com/in/glenn-dunlap

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(00:00) - Introduction to Best Financial Metrics in Healthcare
(00:47) - Meet Michael DeLuca: Expert in Healthcare Finance
(01:41) - Overview of HBK and Its Core Values
(05:30) - Focus on Healthcare Practice
(06:37) - Analyzing Financial Statements for Healthcare Practices
(09:01) - Understanding Overleveraging in Healthcare Practices
(15:39) - Revenue Cycle Management in Healthcare
(24:24) - Overhead Metrics and Provider Compensation
(27:31) - Navigating Personal and Operational Expenses
(31:14) - Trends in Compensation Structures
(31:59) - Private Equity and Healthcare Investments
(34:49) - Challenges in Independent Practices
(45:14) - Growth Models for Physician Practices
(52:09) - Advising Physician Practices: Key Insights
(54:22) - Training the Next Generation of Advisors
(56:00) - Conclusion and Contact Information

Glenn Dunlap

Glenn Dunlap is the Co-Founder & CEO of Peerview Data

Principal-in-Charge, Florida Region | Regional Director, HBK Healthcare Solutions, Florida Region