WASHINGTON, Aug. 12,
2024 /PRNewswire/ -- The American Association
for Physician Leadership (AAPL) has published The Chief
Medical Officer's Financial Primer: The Vital Handbook for
Physician Executives, written by Lee
Scheinbart, MD, CPE, FAAPL.
The book outlines key mechanisms underpinning the financial
infrastructure of healthcare funding. It describes the origins,
flow, and splitting of healthcare dollars while detailing to whom
and what it is allocated. Additionally, it addresses the current
influx of money into the healthcare sector, while stakeholders have
less capital to work with or claim as profit.
The book's chapters delve into a variety of topics such as:
- Fee-for-Service/Private Practice (Solo vs. Group)
- Hospitals — Part 1
- Third-Party Payment
- Billing, Claims, Collections
- Supply, Supplies, and Demand
- PPMs and MSOs
- Capitation
- wRVUs/RBRVs
- Meaningful Use/EHR
- Value-Based Care
- Physician Compensation
- Physician Contracting/Contracted Staffing
- Social Contracting: For-Profit/Not-for-Profit
- Financing It All
- Private Equity and Venture Capital
- Healthtech/Digital Health
"Lee Scheinbart successfully
integrates the new tools, new opportunities, and new challenges
with the history and tradition of the old to give us a clear eye to
the future — a future physician leaders must shape today," writes
Stephen K. Klasko, MD, MBA,
executive in residence, General Catalyst, former president and CEO
of Thomas Jefferson University and
Jefferson Health, in the book's foreword.
"Becoming a chief medical officer is an exceptional goal for
physician leaders and one that is abounding with potential for
individual physicians' careers and for the transformation of
healthcare into an industry that is more physician-led," said
Peter Angood, MD, FRCS (C), FACS,
MCCM, FAAPL(Hon), president and CEO of AAPL. "And yet it involves
an acumen that is often little known to physicians; Scheinbart
walks physicians through the skill sets needed to achieve mastery
in the financial realm of healthcare."
Scheinbart earned his BS in biology at the University of Michigan and his MD from Ohio State University. He completed his internal
medicine residency and hematology/oncology fellowship at the
University of Florida Shands
Hospital.
About the American Association for Physician
Leadership
The core philosophy of the American Association for Physician
Leadership (AAPL) is that leadership is learned. Since its
founding in 1975, AAPL has educated 250,000+ physicians across 40
countries — including CEOs, chief medical officers, and physicians
at all levels of healthcare. www.physicianleaders.org
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SOURCE AAPL