The Risky Health Care Business

SpringParker

Welcome to The Risky Health Care Business Podcast, where we help you prepare for the future by sharing stories, insights, and skills from expert voices in and around the United States health care world. The purpose is to inform, educate, and help organizations and individuals throughout the dental, medical, and veterinary health care industry with risk, while hopefully having some fun along the way. What is risk in health care? Where is it? How can you prepare for risk and overcome it? Why does it exist and why must it be addressed? We are in a transformational time in health care. Have our models evolved to meet the moment? Risk can no longer be ignored in health care. A risk vs reward mentality must also be coupled with risk vs regret. Gambling that an adverse event will never happen is not a viable approach to running a health care business. It is time to transform the model from reactive to proactive. In this podcast, you will hear in-depth interviews, powerful insights, resourceful skills, and more from people at the forefront of this exciting time in the health care industry. A new episode is published every 2 weeks, a long form guest interview around 30 minutes. Each episode has show notes to help you navigate the episode along with a full episode transcript. Accelerating healthcare performance is creativity...not just productivity read less

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Trailer 2 - Featured Guests Trailer

Trailer 2 - Featured Guests Trailer

Welcome to The Risky Health Care Business Podcast, where we help you prepare for the future by sharing stories, insights, and skills from expert voices in and around United States health care. I'm your host, Scott Nelson, a guy that grew up in Ohio and has been working all over the United States during my 20 plus year and counting career in the health care industry. I'm on a mission to inform, educate, and help organizations and individuals throughout dental, medical, and veterinary care with risk while hopefully having some fun along the way.This podcast is not about health care as a risky business investment. It's about the risk that's involved in health care. Risk can mean many things to many people. We talk with professionals at the forefront of health care and discuss: What is risk in health care? Why is there risk in health care? How can risk be managed? The yearly numbers and dollar amounts of adverse events in health care continue to increase. Cyberattacks. Disaster incidents. Legal matters. What could slow down or shut down your health care business? Or even worse? Risk can no longer be ignored. A risk versus reward mentality must also be coupled with risk versus regret. Are you 100% certain that you and your business would survive a shock event? Gambling that an adverse event will never happen is not a viable approach to running a health care business. It's time to transform the model from reactive to proactive. We talk about risk around topics and themes like cash management and what affects your financial positions, the economy and interest rates, patients and unemployment, staffing, technology, and more. We share information that can apply to any health care organization anywhere in the US, ranging from one doctor practices to large, integrated systems or organizations, from small towns and rural communities, to big cities and urban settings. And any person working in or with health care, from clinicians to staff to allied collaborators. In this podcast you'll hear in-depth interviews, powerful insights, resourceful skills, and more from people at the forefront of this exciting time in the health care industry. Some of the guests include Tamara Johnson, Vice President Quality and Risk Management at Phoenix Children's Hospital in Phoenix, Arizona. "When we hear the word risk, likely not always positive. Most of the catastrophic events that occur is because the risk wasn't anticipated." Dr. Paul Casamassimo, board certified pediatric dentist, professor emeritus at The Ohio State University, and attending dentist at Nationwide Children's Hospital in Columbus, Ohio. "It's really understanding risk. The different layers of risk. Ask yourself: Am I covered? Am I protected? One of the things that we don't really appreciate is hidden risk. Dentistry has barely scratched the concept of risk and safety." Colin Carr, CEO of CARR, a national health care real estate company. "When it comes to the economics, it's going to affect cash flow, it's going to affect profitability. Looking at all the different areas where you can lose or win money. If you miss a negotiation deal point, that's pretty significant." We publish a new episode every two weeks, a long form guest interview around 30 minutes. You can find a complete list that's easy to navigate in the resource center section of the SpringParker website, springparker.com, or click the Listen link in the episode to listen and subscribe for free on your platform of choice. Each episode has show notes to help you navigate the episode along with a full episode transcript. The show is The Risky Health Care Business Podcast. It's available Tuesday, August 29 and it's every other Tuesday. And you can subscribe now. Accelerating health care performance is creativity, not just productivity. Thank you for joining me.Copyright 2024 SpringParker

Episodes

Esmond Kane, Chief Information Security Officer, Steward Health Care

Esmond Kane, Chief Information Security Officer, Steward Health Care

What he does: Esmond is the Chief Information Security Officer of Steward Health Care and has over two decades of experience leading IT and security programs and safeguarding vital sectors in multiple industries. At Steward, Esmond’s focus has been on transforming Steward's approach to information practices security, threat and risk management to comply with industry frameworks, and regulations and best practices. Prior to Steward, Esmond was Deputy Chief Information Security Officer at Partners Health Care working with executives and advisors on cyber security and business practice. Esmond has held multiple IT and security roles, including at institutions like Harvard University and Mass General Brigham, and he also serves on the advisory boards of multiple companies, providing valuable insights on cyber matters, ensuring secure IT operations, regulatory compliance, and resilient design. On risk: "Risk is pervasive and it's across the continuum of the delivery of health care … Health care is all about securing the patient. It's all about making sure that we lower any risk on the patient privacy being impacted, the safety of the systems that we're putting in front of those patients. But also in this modern era we have to be very aware of the potential attacks on corporations on health care … Something relatively benign, like a medical device that you're plugging into a patient, you can magnify the risk associated with it because some of those medical devices require updating, they require securing, they're also storing sensitive information … We need to know where our data is, we need to know how our assets are managed … Ultimately, what you're trying to do is to measure that risk and make sure that it maps to your organization's risk appetite. And you're trying to mediate, you're trying to take what could be a high risk and what you're left with from a residual perspective, after you put some effective controls in play, it becomes much less of a risk."

Kimberly Ruppel, Partner at Dickinson Wright

Kimberly Ruppel, Partner at Dickinson Wright

What she does: Kim is a partner at Dickinson Wright in Michigan and Chair of Dickinson Wright’s Healthcare Litigation and Telehealth Task Forces. Kim has over 20 years’ experience as a commercial litigator who represents healthcare providers, insurers and benefit plans in healthcare contract litigations (including enforcing and defending non-compete agreements), licensing and regulatory disputes, governmental fraud and abuse investigations, HIPAA compliance counseling, and insurance claims and coverage disputes. On risk with noncompetes: "The individual provider doesn't want to be limited from performing his or her clinical services anywhere that they want. But the main objective, I think, from the employer side is to protect intellectual property, patient lists, confidential information, business strategy, and even just depending on the employer if there is any kind of financial investment in the physician with respect to training, or sign on bonus, or payment of continuing ed expenses. So where the employer is putting additional money into and as an investment its employees it wants to protect that investment … There's a decision, a business decision, to be made. Is the hospital going to file a lawsuit and sue its former physician. And then there's legal risk in that, there's financial risk in that, and there's the public relations risk in that. So there's certainly that thinking does come into play when considering the risk of litigation with a noncompete"

Kandi Wiens, EdD, Burnout and Emotional Intelligence Educator and Researcher

Kandi Wiens, EdD, Burnout and Emotional Intelligence Educator and Researcher

What she does: Dr. Wiens is a senior fellow at the University of Pennsylvania, director of the Penn Master’s in Medical Education Program and the Penn Health Professions Education Certificate Program, and academic director of the PennCLO Master’s Program, as well as teaching various graduate-level and executive-format courses. Dr. Wiens is also co-founder and chief research officer of Big Sky Leadership Labs, where she leads and conducts evidence-based research on executive performance, emotional intelligence, burnout, and resilience. She has designed and delivered over 2,000 leadership development programs focused on helping leaders build and leverage their emotional and social intelligence to amplify their positive impact and protect themselves from burnout. Her work has been featured in the Harvard Business Review as well as published in her book "Burnout Immunity". She is also a sought-after international speaker. On risk: "It's [speaking about burnout] absolutely a risk to individuals. The effects of burnout aren't just psychological, they're physical as well. They also affect our ability to learn and adapt, and burnout affects our relationships, burnout affects our performance. Take performance, for example, there are studies that clearly show a relationship between burnout and patient experience. Other studies that show relationship between burnout and medical errors. There's a direct correlation between physicians who are burned out and higher medical error risks. And then of course, there are risks to organizations as well, lost productivity or lower productivity, more sickness days, higher turnover, and patient experience scores. You name it. If you look at different metrics that health care organizations are measuring, you can if you look really closely, you can tie those to a physician's well-being, whether it's burned out or they're engaged." Copyright 2024 SpringParker

Risk Case Examples in Health Care Marketing

Risk Case Examples in Health Care Marketing

A review of actual risk incidents from around the US that made public newsCopyright 2024 SpringParker

Mark Cushing, Founder & CEO at Animal Policy Group

Mark Cushing, Founder & CEO at Animal Policy Group

What he does: Mark is the Founder & CEO of Animal Policy Group and a long-time political strategist, government regulatory advisor, corporate executive and former litigator. Mark focuses his advocacy practice on providing high-level strategic advice and services to clients with needs at any level of government, and key trade/industry associations in the U.S., Canada, and Mexico. Mark specializes in animal health, animal welfare, veterinary and veterinary educational issues and accreditation, developing a cutting-edge practice across these sectors. He currently leads several industry coalitions and initiatives, and has guided successful accreditations for a growing list of veterinary colleges, and is co-founder of the Veterinary Virtual Care Association. Mark is also a published author and frequent speaker at veterinary medicine and other animal policy-related conferences. On risk: "There's an acute issue with access to care that affects pet owners in terms of the risks they have with their pets, that they can't get medical advice. But it affects practices themselves and individual veterinarians because most clinics are severely understaffed … Risk plays out often in terms of not doing enough rather than making a mistake and doing something you're not allowed to do. But that's critical, that's just kind of table stakes. If you own a clinic, if you hire people, if you hold yourself out to the public, you can care for their pets you need to know what you're legally able to do and not do … You can play an invaluable service and minimize risk and attack this [access to care, workforce shortage] problem if you can provide care by video, phone, and audio at home. And you now provide potential clients with resources. 70% of all calls to telemedicine veterinarians or telemedicine veterinary nurses solve the problem. And you're not required to go into a clinic which means you don't add to the burden on an overstressed, understaffed veterinary team. That's another way of managing risk."Copyright 2024 SpringParker

Debra Henneberry, EdD and Abner Flores, School of Aviation and Transportation Technology at Purdue University

Debra Henneberry, EdD and Abner Flores, School of Aviation and Transportation Technology at Purdue University

What they do: Dr. Debra Henneberry, EdD is an Assistant Professor in the College of Aviation and Transportation Technology at Purdue University. She's an experienced commercial pilot, flight instructor, and aeronautics professor. Prior to her current role she served as Assistant Professor in the Aviation Department at Vaughn College of Aeronautics and Technology in New York City. She also served as a government administrator for several years. Dr. Henneberry has worked as a first responder and emergency medical technician for over ten years. Her research interests focus on human factors and she has spoken about pilot training at a number of international aviation psychology conferences.Professor Abner Flores is a Senior Lecturer in the School of Aviation and Transportation Technology at Purdue University. He is an experienced ex-military pilot, navigator, and aircraft technician, who has served in both, the U.S. military and the Honduran Air Force. Over the last 11 years, he has been traveling around the world, teaching and training professional pilot courses in several countries throughout Europe, the Middle East, and lecturing in colleges and universities across the U.S. Prior to coming to Purdue University, Professor Flores was a lecturer at the University of Nebraska-Kearney, Aviation program. At Purdue, his research interests are focused on Human-Interactive Pilot Enhancing Performance Technologies (Simulation), Data Science for business processes modeling in aviation and Neuroergonomics. He currently teaches courses in Aerospace Vehicle Systems Design, Analysis And Operations, and Human Factors for Flight Crews. On risk: "Risk is something that we look into, from every possible perspective associated to whatever it is that there is anything going on, with the understanding that when we think risk it's a constant … When we focus on what it is that we are trying to accomplish, and in this case as far as in aviation is simply we minimize risk, we become safer. And guess what, when we reduce those levels of risk, we become safer, automatically at the same time we are becoming higher performers. And that's what we want. We want to perform at our best. And so risk gets to be where it needs to be down there and we can fly above it … Fatigue is culprit number one, or threat number one, to what we call in aviation situational awareness. It means that you're not anymore connected with the environment, you're not anymore within our concepts of aviation connected with the airplane, you are not any more connected with any one of the systems, you're going to be seeing without seeing … People under emergency situations may revert back to their native when under stress … Everybody must be involved in risk because risk affects us all … If the human element is not up to speed, and that typically is unfortunately the case, then there are going to be issues needing to be resolved."Copyright 2024 SpringParker

Rebecca Adelman, Founder at Adelman Law Firm

Rebecca Adelman, Founder at Adelman Law Firm

What she does: Rebecca is the founder of Adelman Law Firm in Tennessee. Her practice is concentrated in healthcare and insurance defense and business litigation, and includes representation of insurance companies and long-term care providers and their insurers - both regionally and nationally. The firm also provides claims management services to senior living insurance companies. Rebecca is involved in state and national legislative matters on behalf of the healthcare industry and serves as Legal Advisor for the American Assisted Living Nurses Association and the National Association of Health Care Assistants. She founded the National Long-Term Care Defense Summit, co-founded the Adelman-Mettle Palliative Care Alliance, and is a member of Claims and Litigation Management Alliance. In addition, Rebecca is a published author and national speaker and contributor. On risk: "Risk in senior living is multifaceted, there are so many aspects of senior living … How we define, view, and think about risk, really depends on that we all agree there are varying types of risks in senior living. There's obvious risks of injury, or just an incident and an outcome, a negative outcome, but then there are a lot of other risks, emerging risks, and some smoldering risks, all sorts of risks embedded in all of these little subparts of the ecosystem … There's so much at stake where risk is concerned in senior living that the importance of considering it cannot be overemphasized. We need to really appreciate how risk is managed in organizations because risk management is everyone's business, it's everyone's responsibility … From my vantage point along the whole risk spectrum, I'm showing up at the 9s and the 10s and moving down the risk spectrum into the 6s and 7s. The real place for everyone to begin in its least complex form, with all types of risk management, to mitigate risks, to hopefully eliminate risk, certainly to identify it so it doesn't come up, is really when it's in the 1s and the 2s. Proactivity would be the word of the day … Here's the ticket, the real small key that opens up the big door is implementation. You've got to implement across your organization."Copyright 2024 SpringParker

Carolyn Johnsen, Partner at Dickinson Wright

Carolyn Johnsen, Partner at Dickinson Wright

What she does: CJ is a partner at Dickinson Wright in Phoenix, Arizona and spearheaded the formation of Dickinson Wright's Distressed Health Care Restructuring Group. CJ's experience includes creating complex plans of reorganization for multi-million dollar companies in a wide-range of industries, including healthcare, mortgage lending, and real estate among others. She has also guided numerous boards and senior managers in developing strategies and solutions for revising operations and restructuring debt to generate the emergence of a stronger business through bankruptcy, or to take advantage of acquisition and sale opportunities, including the application of bankruptcy procedures favorable to corporate securities regulation compliance. In addition, CJ has negotiated multiple multi-million dollar transactions with lenders, investment bankers and brokers, asset purchasers and sellers, and governmental agencies. CJ has published extensive writings and over 100 speaking presentations to educate clients, lawyers, accountants and corporate representatives on bankruptcy, restructuring, sales and acquisitions from a business perspective.On risk: "You have to get down to the business aspects of it [risk], it's in the health care space, it's no different than any other business in a way because it's a question of cash in and cash out. And the problem that's unique to the health care industry is just the enormous regulation and that makes it more difficult to predict … If you are looking at risk, you're looking at needing a business plan, just like any other business, you're going to need to know going in okay, what is A to B, what is the B? Here's A, we're sitting here today, where are we trying to be at B? … It's been a very difficult time risk-wise for health care because of those particular factors [labor shortages, labor costs, inflation, reimbursement fluidity], which probably every other business is suffering somewhat the same problems. But like I said, the risk all gets back to having a good game plan"Copyright 2024 SpringParker

Samantha Arth, Senior Director at Cleveland Clinic

Samantha Arth, Senior Director at Cleveland Clinic

What she does: Sam is the is the Senior Director of Advertising, Analytics, and Partnerships at Cleveland Clinic in Ohio where she works to shape the institution's global brand and achieve transformative results in healthcare marketing. She leads the enterprise’s advertising efforts, creative development, strategic partnerships, and data science teams.On risk: "There's too much information for a doctor to be the sole provider of content or information to a patient … A lot of risks when it comes to health care marketing that is not in other industries. We have HIPAA concerns, run a risk of also investing that much money, sensitivity and personalization, privacy, using information correctly ... Keeping up with regulation and privacy is key, you cannot not do that ... When it comes to spending $1 from a nonprofit, you definitely have to justify that. You have to do that everywhere but that dollar could be reinvested into clinical care. So you need to make sure that you're being very careful and being a good steward of resources … There are a lot of competitors running ads, you see them on billboards, you see them on digital ads, they're all over social, it is a very hot space. So there's definitely concern about that too, because that could just be a spending game. And that could be to what end, we could just go toe-to-toe with other health care competitors. And then we could just be out pricing each other … Patients have a lot of options. And so this should be a concern for you. Because if you aren't doing it, your competitor probably is."Copyright 2024 SpringParker

Ron Morgan, President and Chief Executive Officer at DoveLewis

Ron Morgan, President and Chief Executive Officer at DoveLewis

What he does: Ron is the President and Chief Executive Officer for DoveLewis in Oregon. At DoveLewis Ron is responsible for the vision and strategic initiatives that as a nonprofit serves its customers, donors, and veterinary community. His career spans 40 years in human and animal health care with roles including insurance, joint ventures, rural health networks, and marketing, public relations, and communications. On risk: "There's risk everywhere. There's nowhere we can't turn both as a veterinary hospital and as a nonprofit where we have a lot of risk to make sure we address … You have to try to anticipate all the scenarios that could affect your business. It's nothing that can happen overnight. You have to plan ahead and you have to look at your scenarios … If you don't foresee and look out for what risk factors could affect your business, it really doesn't take much to affect you from a negative perspective. And next thing you know you might be out of business … With the risks that we face from a recruitment and retention perspective, we've had to change the way that we help train people and bring them into the organization and mentor them … Need to have the right people that can identify those areas of risk. But then you need to have regular work and discussions about those risk factors you need to have, make sure that there's plans in place to check in on the development of those risk factors." Copyright 2024 SpringParker

2024 Risk Outlook

2024 Risk Outlook

Outlook of potential risk topics and issues that could impact and shape health care during 2024Copyright 2024 SpringParker

2023 Risk in Review

2023 Risk in Review

Review of risk topics and events that took place in health care during 2023Copyright 2024 SpringParker

Brett McClain, Executive Vice President and Chief Operating Officer at Sharp HealthCare

Brett McClain, Executive Vice President and Chief Operating Officer at Sharp HealthCare

What he does: Brett is the Executive Vice President and Chief Operating Officer for Sharp HealthCare in California. At Sharp he has direct accountability and oversight for the daily and strategic operations of Sharp's four acute care and three specialty hospitals, three medical groups, ambulatory and clinical service lines, and facilities management and development. His career spans nearly 30 years of health care management experience in a variety of operational, consulting, and executive leadership roles overseeing various hospital and medical clinic operations where he has been instrumental in leading growth strategies, large-scale capital investments, clinical integration and service area optimization, patient safety and performance improvement, and service line development.On risk: "There's a lot of consistency with risk in health care over the years. As time has gone on the risks have changed and evolved and been added to as well. One of the lessons through COVID has certainly been the very real chance and issue and risk of multiple things happening at the same time, not just one big event. I think what's evolved around risk is the recognition that we need to have processes and people and policies and practice in place in order to deal with multiple catastrophes or multiple risks at the same time that can stress the organization in ways that probably haven't been experienced before … A flavor of some of the things we're looking at now at the top of the list is absolutely cybersecurity. It is something that continues to be critical in nature for all of us in health care and something that we cannot take our eye off any single day. The resources we've had to put into that, the people and the processes and the systems in order to assure that we are safe. We get hits every day, every single day, someone's trying to bad actor out there, trying to make something happen. Here in California we put the legislative risk pretty high up. It's not just on a state basis, but on a state basis here in California we have a very active legislature, and we put a lot of time and energy to monitor the things that they're working on. Make sure that we're taking a look at the impact so that we can communicate and educate our legislators. We spend a lot of time doing that … I've never seen something like this (workforce) in the past. The toll in terms of the physical, as well as mental toll, under all of us and folks just deciding this is not something I want to do any longer and changing the whole workforce perspective of working within health care. That is a massive risk for the entire industry. It's probably the one thing that I'm most concerned about, and most challenged by, about how do we respond to that and the moment so that we can assure that we have the workforce of the future, not just for today"Copyright 2024 SpringParker

Beth O'Connor, Executive Director at Virginia Rural Health Association

Beth O'Connor, Executive Director at Virginia Rural Health Association

What she does: Beth is the Executive Director of the Virginia Rural Heath Association, immediate Past-President of the National Rural Health Association Board of Trustees, and past Chair of the National Rural Health Association Government Affairs Committee.On risk: "If you said risk and rural to me, the first thing that would pop into my mind was the hospital closures we've had all over rural America. Those hospital closures and the concern about our small rural facilities being able to stay financially viable is absolutely at the top of my mind when you say risk … Economics is a big factor. Can you financially keep the hospital open? Can you keep paying your staff? Can you stay in the black long term? That's very tricky for rural hospitals … Even if you can pay them (staff) a decent salary, can you attract people to work in your facility? … It's very hard to keep a physician in a rural community. It's especially hard to recruit and retain specialists in rural communities. So that's a major problem. If you have a facility that doesn't mean you can provide all the services … Transportation is a barrier on so many levels. Every corner of the country has different types of transportation barriers. Transportation and the distance between services is absolutely a concern … People need to realize how many of our rural citizens and even our rural facilities, hospitals, clinics, still do not have sufficient access to the internet … The regulations that govern rural hospitals were created by Congress. And it takes a literal act of Congress to change them"Copyright 2024 SpringParker

Paul Casamassimo, DDS, Attending Dentist at Nationwide Children’s Hospital and Professor Emeritus at Ohio State University

Paul Casamassimo, DDS, Attending Dentist at Nationwide Children’s Hospital and Professor Emeritus at Ohio State University

What he does: Dr. Casamassimo is a board-certified pediatric dentist, Professor Emeritus at the Ohio State University, and an attending dentist at Nationwide Children’s Hospital, in Columbus, OH. Dr. Casamassimo currently is Chief Policy Officer at the American Academy of Pediatric Dentistry's Pediatric Oral Health Research and Policy Center, as well as a past-president and editor emeritus. He is a past-president of the Ohio Dental Association and currently serves on the American Dental Association’s Council on Advocacy for Access and Prevention as well as the Dental Quality Alliance. He is author of over 450 publications on pediatric dentistry and care of patients. On risk: "The patient is at the center and around that patient are layers like an onion and within each layer there is the potential for risk and also opportunities to mitigate or prevent risk. There are risks based on inadequacies in our training, inadequacies in our insurance coverage, our lack of continuing education in some cases, the challenges of mastering new equipment, and other areas that really enter new risk into the environment … Dentistry has barely scratched the concept of risk and safety. And so we really have to do the same thing that medicine did and look more closely at what we do. And to determine what is preventable risk. What are the challenges that we face, some of which can be pretty significant, and try to identify those … One of the things that we don't really appreciate is hidden risk … There has to be a culture that encourages people within the system to be willing to say this is not right, this is a risk, what you're doing is not safe for the patient. And that's a huge, huge step … It's really understanding risk, the different layers of risk, and to begin to ask yourself am I covered, am I protected, what is my risk, what is my exposure, and to really get a global picture of what risk is … It's almost impossible for the individual dentist to think of everything that could possibly happen"Copyright 2024 SpringParker

Stephen Parente, PhD, Health Care Economist, Finance Professor, & Research Investigator

Stephen Parente, PhD, Health Care Economist, Finance Professor, & Research Investigator

What he does: Dr. Parente is a health care economist, Professor in the Department of Finance and the Minnesota Insurance Industry Chair of Health Finance in the Carlson School of Management at the University of Minnesota, as well as Associate Dean of the Global Institute. As a finance professor, he specializes in health economics, information technology, and health insurance. He has been the principal investigator on large government and foundation funded studies regarding consumer-directed health plans, health information technology, and health policy micro-simulation.On risk: "There's uncertainty in everything that we do. But in health care there's even more uncertainty. And when I look at risk from an economist standpoint, I can't go very far without thinking about risk aversion, meaning that different people have different risk tolerances … The way I look at risk is that if you're trying to mitigate it, you're trying to buy it off, you're trying to buy off the risk factors … Providers are at enormous risk - malpractice issues, quality issues, negligence, dissatisfied patients, legal concerns, not enough staffing, cost of operation and doing business" Copyright 2024 SpringParker

Colin Carr, Chief Executive Officer at CARR

Colin Carr, Chief Executive Officer at CARR

What he does: Colin is the Chief Executive Officer at CARR. During his career Colin has been active in local, regional, and national real estate transactions involving landlords, sellers, tenants, buyers, and investors. On risk: "When it comes to risk, if you're looking at purchasing there are a number of lenders across the country that are willing to do 100% financing, but that does mean that you're borrowing more. And so you need to make sure that you're not overpaying for the property or that you don't go upside down when the market corrects … What's the motivation of the landlord to voluntarily reduce their cash flow, their income, and just give you free money? … Typically, the personal guarantees are going to go directly to only the owners. This plays a major role, people do get tripped up with personal guarantees. Can you get an auto loan without a personal guarantee? The answer is no. Can you get a student loan without a personal guarantee? No. Can you get a mortgage from a reputable lender without a personal guarantee? No. Can you get a credit card? Anytime someone's extending you credit or value you're going to guarantee it … Protect your interests and to make sure that you're mitigating risk at the highest level."Copyright 2024 SpringParker

Marc Mertz, Chief Strategy Officer at Kaweah Health

Marc Mertz, Chief Strategy Officer at Kaweah Health

What he does: Marc is the Chief Strategy Officer at Kaweah Health in Visalia, California. His areas of responsibility include strategic planning, business development, marketing and communications, media relations, physician recruitment and relations, and government affairs. On risk: "There's really risk in everything that we do. There's even risk of things that we decide not to do. And then there's certainly risk in doing nothing … Risk comes in a number of different flavors: actuarial insurance, capitation and risk models, compliance and the risk department, patient safety, operational risk, financial risk, facilities, social media, competitive risk. And risk comes in variations: the operating room, organizations and services, payer mix, organizational structure, financial stability and security, and geography and environments … Where I spend most of my time these days is an area that I hadn't really thought about before, reputational risk … Working with my team to make sure we don't create unnecessary risk. We're constantly weighing risk and trying to respond to it and mitigate it without actually thinking about risk ahead of any potential risks … Think around corners and think about different angles and perspectives on issues. Take steps to ensure that we are doing that every time. It's not enough to do it most of the time. We have to do it all the time." Copyright 2024 SpringParker

Erin Hendricks, Dental Practice Administrator

Erin Hendricks, Dental Practice Administrator

What she does: Erin is a dental practice administrator in Washington, DC. She is the president of the Washington DC/Maryland/Virginia chapter of the American Association of Dental Office Management and is on the Board of Directors of the American Dental Assistants Association. On risk: "On the clinical side the obvious health risks, not watching someone's health history and understanding there might be contraindications between medications and materials … Staffing risks can have people that aren't very well trained, the main goal is to make sure that everyone is properly trained and they have the proper information in order to mitigate any kind of risk … In addition to as a group, being able to make sure that we are keeping all the information safe, it's incumbent upon each individual and their training and understanding their part in also keeping the risk low … Doing background checks is something that although recommended is really not done that much in dentistry … there are safeguards to put in place that sometimes dental offices are lax about, or, to be quite honest, aren't trained" Copyright 2024 SpringParker

Tamara Johnson, VP of Quality & Risk Management at Phoenix Children's Hospital

Tamara Johnson, VP of Quality & Risk Management at Phoenix Children's Hospital

What she does: Tamara is the Vice President of Quality and Risk Management at Phoenix Children's Hospital where she provides oversight to both the quality and risk management departments. This includes organization-wide risk reduction initiatives and strategic direction.On risk: "When we hear the word risk, I think there's a lot of immediate thoughts that come to mind, and they're likely not always positive … When you really look at risk and you realize it's something that we're all faced with every day and so everything about what we do is calculated risk. Working in risk management, it's taught me to really think and try to anticipate risk, just knowing that it's a given and that there are risks that you need to accept, and many of those risks produce meaningful outcomes, but they're also very calculated … Most of the catastrophic events that occur, whether it's a very unfortunate patient injury, whether it's financial, consequence is because the risk wasn't anticipated. The only way that you can address it and mitigate it is to identify it and respond to it. That's why you really have to have a risk mindset in order to do that." Copyright 2024 SpringParker