Looking at GI Practice Management Differently: Fortify the Business of Healthcare in the GI Practice (On-Demand) | November 2021-Reinforcing the Structural Integrity in the GI Practice

Reinforcing the Structural Integrity in the GI Practice

Video Transcription

Video Summary

The video transcript discusses several challenges faced by gastrointestinal (GI) practices in the United States. The speaker mentions changes in the structure of GI practices and financial challenges resulting from the COVID-19 pandemic. They highlight a decline in revenue and patient numbers but note that some issues have improved with government aid and vaccination. Other financial challenges include reimbursement changes and increased penalties for not meeting quality indicators. The transcript also addresses the changing landscape of GI practices, with a rise in employed physicians and consolidation among larger groups. Workforce burnout is identified as a major issue, exacerbated by the pandemic, resulting in decreased performance and dissatisfaction. The video emphasizes the need for new solutions to address these challenges and encourages audience participation to share experiences and ask questions.

Asset Subtitle

SufiyanH. Chaudhry, MD, MBA

Keywords

gastrointestinal practices

financial challenges

COVID-19 pandemic

workforce burnout

changing landscape