1 00:00:00,160 --> 00:00:03,439 This is Scott Becker with the Beckers HealthCare 2 00:00:03,439 --> 00:00:03,939 podcast. 3 00:00:04,799 --> 00:00:07,040 I'm thrilled today to be joined by two 4 00:00:07,040 --> 00:00:08,259 brilliant leaders. 5 00:00:08,880 --> 00:00:11,839 We're joined today by Brett Kaplan and Peter 6 00:00:11,839 --> 00:00:12,339 Winslow. 7 00:00:12,960 --> 00:00:15,219 Brett and Peter spent a ton of time 8 00:00:15,605 --> 00:00:18,644 in the managed care and payer space, and 9 00:00:18,644 --> 00:00:20,564 they talked to us about what they do. 10 00:00:20,564 --> 00:00:21,864 They're with BRG, 11 00:00:22,804 --> 00:00:24,425 Berkeley Research Group. 12 00:00:24,884 --> 00:00:25,384 Brett, 13 00:00:25,765 --> 00:00:26,265 Peter, 14 00:00:26,804 --> 00:00:28,504 can I ask you to take a second 15 00:00:28,564 --> 00:00:29,785 to introduce yourself 16 00:00:30,300 --> 00:00:31,899 and tell us a little bit about what 17 00:00:31,899 --> 00:00:33,679 you do and about BRG? 18 00:00:34,539 --> 00:00:36,619 Yeah. Sure. Great. Thanks, Scott, and and thanks 19 00:00:36,619 --> 00:00:38,699 for having us on that podcast. Really excited 20 00:00:38,699 --> 00:00:41,100 and and really appreciate it. So as you 21 00:00:41,100 --> 00:00:43,420 said, I'm I'm Brett Kaplan. I'm a director 22 00:00:43,420 --> 00:00:44,399 here at BRG. 23 00:00:44,885 --> 00:00:47,125 I have, over a decade of experience in 24 00:00:47,125 --> 00:00:49,365 management consulting in in the health care space, 25 00:00:49,365 --> 00:00:51,844 and I primarily spend my time in the 26 00:00:51,844 --> 00:00:54,005 in the managed care space or really revenue 27 00:00:54,005 --> 00:00:55,784 strategy, reimbursement strategy 28 00:00:56,405 --> 00:00:59,759 around managed care contracting, strategic pricing, and complex 29 00:01:00,000 --> 00:01:03,780 enterprises, such as multistate, multi hospital systems, academic 30 00:01:03,839 --> 00:01:05,060 medical centers, etcetera, 31 00:01:05,519 --> 00:01:09,519 and, comprehensive revenue analytics. So think benchmarking, macro, 32 00:01:09,519 --> 00:01:10,019 microeconomic 33 00:01:10,399 --> 00:01:12,799 review, and and things of that nature. And, 34 00:01:12,799 --> 00:01:14,719 really, all of that is to in in 35 00:01:14,719 --> 00:01:15,584 service of 36 00:01:16,224 --> 00:01:17,525 preparing for negotiations, 37 00:01:18,305 --> 00:01:19,744 which we'll we'll touch on a little bit 38 00:01:19,744 --> 00:01:21,604 later, but I'll hand it over to Peter. 39 00:01:21,984 --> 00:01:22,724 Thanks, Brett. 40 00:01:23,344 --> 00:01:25,584 Everybody, my name is Peter Winslow. I'm a 41 00:01:25,584 --> 00:01:28,270 managing consultant at Berkeley Research Group. I have 42 00:01:28,270 --> 00:01:30,750 about four years of experience in management consulting 43 00:01:30,750 --> 00:01:32,530 all within the health care sector. And 44 00:01:32,909 --> 00:01:35,469 my primary areas of focus are payer provider 45 00:01:35,469 --> 00:01:36,450 contract negotiations, 46 00:01:37,310 --> 00:01:40,850 revenue reimbursement strategy development and market trend analysis. 47 00:01:41,424 --> 00:01:44,084 And I also serve as the strategic communications 48 00:01:44,144 --> 00:01:47,185 and external affairs subject matter expert, within our 49 00:01:47,185 --> 00:01:48,245 managed care practice. 50 00:01:48,625 --> 00:01:50,484 So great to be here, Scott. 51 00:01:50,864 --> 00:01:53,504 No. Thank you so much. And and tell 52 00:01:53,504 --> 00:01:55,765 us maybe let's start with a second on 53 00:01:56,250 --> 00:01:57,709 payer provider relationships. 54 00:01:58,810 --> 00:02:01,849 We're also watch also watching so much fallout 55 00:02:01,849 --> 00:02:05,069 and changes in Medicare Advantage right now. Mhmm. 56 00:02:05,450 --> 00:02:07,209 Brett or Peter, can what do you take 57 00:02:07,209 --> 00:02:09,094 the lead in telling us what trends are 58 00:02:09,094 --> 00:02:11,834 you watching in payer provider relationships currently? 59 00:02:12,375 --> 00:02:13,354 What are you seeing? 60 00:02:13,895 --> 00:02:16,055 Yeah. So so thanks, Scott. I think it's 61 00:02:16,055 --> 00:02:18,794 really a perfect storm right now of pressures 62 00:02:18,854 --> 00:02:21,995 from an economic perspective, a regulatory perspective, 63 00:02:22,919 --> 00:02:25,340 thinking, you know, the uncertainty around Medicaid 64 00:02:25,800 --> 00:02:27,340 three forty b site neutrality, 65 00:02:28,439 --> 00:02:29,419 and site neutrality, 66 00:02:29,719 --> 00:02:32,280 any regulatory shifts stemming from the one big 67 00:02:32,280 --> 00:02:35,500 beautiful bill and price transparency that's coming through. 68 00:02:36,014 --> 00:02:38,335 And as you mentioned, the Medicare Advantage across 69 00:02:38,335 --> 00:02:40,175 that line of business, both from a provider 70 00:02:40,175 --> 00:02:41,395 and a payer side, 71 00:02:41,935 --> 00:02:42,915 there's rampant, 72 00:02:43,534 --> 00:02:46,514 you know, downgrades, denials, delays in payment, prioritization 73 00:02:46,895 --> 00:02:49,775 issues, really. So everything is is a an 74 00:02:49,775 --> 00:02:52,610 an afflection point from an economic perspective. 75 00:02:52,989 --> 00:02:53,489 And, 76 00:02:54,189 --> 00:02:54,909 really, that, 77 00:02:55,949 --> 00:02:56,689 that leads 78 00:02:57,229 --> 00:02:57,969 to tenuous 79 00:02:58,349 --> 00:02:58,849 relationships 80 00:02:59,150 --> 00:03:01,069 between the payer and provider because it comes 81 00:03:01,069 --> 00:03:03,469 down to margin. Right? It's really what we're 82 00:03:03,469 --> 00:03:06,254 watching most closely as hospital margins, 83 00:03:07,115 --> 00:03:07,615 being 84 00:03:08,155 --> 00:03:09,534 very uncertain today, 85 00:03:10,155 --> 00:03:12,555 being compressed today. And now more than ever 86 00:03:12,555 --> 00:03:14,495 is why our clients are dependent 87 00:03:14,955 --> 00:03:17,034 on the outcomes of these managed care contract 88 00:03:17,034 --> 00:03:17,534 negotiations 89 00:03:18,280 --> 00:03:20,840 to strengthen their source of the negotiated revenue 90 00:03:20,840 --> 00:03:22,599 that they have and try to protect that 91 00:03:22,599 --> 00:03:25,900 revenue through securing more favorable contract language. 92 00:03:26,759 --> 00:03:28,780 Yeah. And and what I'll add is 93 00:03:29,080 --> 00:03:31,514 is, Scott, that we're we're really seeing we're 94 00:03:31,514 --> 00:03:33,055 continuing to see an increasingly 95 00:03:33,514 --> 00:03:35,854 contentious negotiation landscape between 96 00:03:36,474 --> 00:03:38,495 providers and payers. And, I mean, it's not 97 00:03:38,954 --> 00:03:41,995 centered exclusively around reimbursement rates even though both 98 00:03:41,995 --> 00:03:43,055 sides are under 99 00:03:43,860 --> 00:03:44,360 tremendous 100 00:03:44,819 --> 00:03:47,000 financial pressure. I mean, on the provider side, 101 00:03:47,060 --> 00:03:47,560 hospitals, 102 00:03:48,099 --> 00:03:50,280 health systems alike continue to shoulder 103 00:03:51,060 --> 00:03:52,759 challenges associated with labor, 104 00:03:53,139 --> 00:03:55,539 supply chain, capital constraints. You know, these these 105 00:03:55,539 --> 00:03:56,039 are 106 00:03:56,745 --> 00:03:59,305 by no means new issues, right, all while 107 00:03:59,305 --> 00:04:00,284 trying to maintain, 108 00:04:00,585 --> 00:04:02,585 you know, quality and access for their patients. 109 00:04:02,585 --> 00:04:04,425 But on the payer side, there's a growing 110 00:04:04,425 --> 00:04:04,925 scrutiny 111 00:04:05,784 --> 00:04:09,224 from regulators and employers demanding cost containment, media 112 00:04:09,224 --> 00:04:11,900 and public skepticism, which has been skyrocketing over 113 00:04:11,900 --> 00:04:13,979 the last couple of years. And, you know, 114 00:04:13,979 --> 00:04:17,100 while inflationary pressures of aging population and and 115 00:04:17,100 --> 00:04:18,079 rising utilization 116 00:04:18,379 --> 00:04:20,079 compress their margins. So, I mean, 117 00:04:20,540 --> 00:04:21,519 what makes this 118 00:04:21,819 --> 00:04:24,639 moment particularly volatile? I'd I'd say that 119 00:04:25,214 --> 00:04:27,555 American health care is a hot button divisive 120 00:04:27,615 --> 00:04:30,334 topic at the center of discussions touching really 121 00:04:30,334 --> 00:04:33,855 our our broader economic and political climate. These 122 00:04:33,855 --> 00:04:36,194 these disputes within the health care sector 123 00:04:36,814 --> 00:04:39,449 are are no longer isolated events. I mean, 124 00:04:39,449 --> 00:04:41,870 they're really proliferating at a rapid speed 125 00:04:42,250 --> 00:04:44,670 with increasingly significant implications. 126 00:04:45,050 --> 00:04:46,990 Providers can't afford 127 00:04:47,689 --> 00:04:50,250 to adopt a passive stance or rely on 128 00:04:50,250 --> 00:04:52,990 the prospect of resolution through pair negotiation, 129 00:04:54,064 --> 00:04:55,904 you know, on its own. You know, what 130 00:04:55,904 --> 00:04:57,904 we what we think about with clients is 131 00:04:57,904 --> 00:04:59,205 establishing a comprehensive, 132 00:04:59,824 --> 00:05:02,225 you know, out of network strategy. You know, 133 00:05:02,225 --> 00:05:04,944 that's become imperative. It's and to serve as 134 00:05:04,944 --> 00:05:07,685 a means to ensure, you know, equitable positioning 135 00:05:07,745 --> 00:05:08,645 of that organization, 136 00:05:09,389 --> 00:05:12,129 safeguarding their financial stability, and really preserving 137 00:05:12,669 --> 00:05:15,410 the continuity of care when contract discussions 138 00:05:16,189 --> 00:05:17,329 reach an impasse. 139 00:05:18,509 --> 00:05:20,189 So that's that's kind of what we're seeing. 140 00:05:20,189 --> 00:05:22,289 And and we see these tenuous negotiations, 141 00:05:22,884 --> 00:05:25,365 you know, across the country. I mean, UMass 142 00:05:25,365 --> 00:05:27,705 Memorial Hospital, Blue Cross Blue Shield of Massachusetts, 143 00:05:28,805 --> 00:05:30,345 recently resolved one, 144 00:05:31,125 --> 00:05:33,785 in North Carolina. Cigna and u a UNC 145 00:05:33,845 --> 00:05:36,004 Health were were at bat with one another, 146 00:05:36,004 --> 00:05:38,569 and UHC was was also kinda duking it 147 00:05:38,569 --> 00:05:40,729 out with WakeMed and and Lehigh Valley Health 148 00:05:40,729 --> 00:05:43,050 Network. So there are many, many others across 149 00:05:43,050 --> 00:05:44,810 the country, but those are just a couple 150 00:05:44,810 --> 00:05:46,589 that that pop in top of mind. 151 00:05:47,289 --> 00:05:49,129 And is there gonna be more tension in 152 00:05:49,129 --> 00:05:51,415 these payer provider negotiations? Seems like we go 153 00:05:51,415 --> 00:05:54,055 through cycles the last ten, twenty years. With 154 00:05:54,055 --> 00:05:55,834 some years, things seem pretty copacetic. 155 00:05:56,294 --> 00:05:57,915 Other years, a lot of tension. 156 00:05:58,694 --> 00:05:59,995 What's the temperature currently? 157 00:06:01,095 --> 00:06:03,095 I think, to the points we were raising 158 00:06:03,095 --> 00:06:05,274 earlier, just the economic realities. 159 00:06:05,659 --> 00:06:07,279 I think there is some tension, 160 00:06:08,139 --> 00:06:10,139 that's going to continue, but at what point 161 00:06:10,139 --> 00:06:12,959 will it ultimately lead to more, 162 00:06:13,899 --> 00:06:16,459 you know, more partnership related is what I'm 163 00:06:16,459 --> 00:06:18,379 hoping for. And what we try to advise 164 00:06:18,379 --> 00:06:20,425 our clients is let's try to find some 165 00:06:20,425 --> 00:06:22,764 common ground. Let's find some win win scenarios 166 00:06:22,824 --> 00:06:23,564 when possible, 167 00:06:24,024 --> 00:06:26,524 but ultimately be ready for those 10 tenuous 168 00:06:26,664 --> 00:06:27,164 kinda 169 00:06:27,544 --> 00:06:30,444 conversations and tenuous negotiations moving forward. 170 00:06:31,560 --> 00:06:33,560 Thank you. And and talk about as you 171 00:06:33,560 --> 00:06:35,100 head into next year, 172 00:06:35,720 --> 00:06:37,899 BRGs had this great growing practice, 173 00:06:38,199 --> 00:06:40,699 brilliant management consulting and leadership. 174 00:06:41,560 --> 00:06:43,560 When you look at this next year, what 175 00:06:43,560 --> 00:06:45,480 are you most focused on and excited about 176 00:06:45,480 --> 00:06:47,295 heading into 2026? 177 00:06:47,935 --> 00:06:49,455 Yeah. Thanks, Scott. And I I think you 178 00:06:49,455 --> 00:06:50,654 hit it right on the head with that 179 00:06:50,654 --> 00:06:52,254 one really. It's we're we're in a growth 180 00:06:52,254 --> 00:06:55,215 mode, from a firm perspective primarily or or 181 00:06:55,215 --> 00:06:57,154 a lot in our health care space. 182 00:06:57,775 --> 00:06:59,775 We're making some big investments, which I'm really 183 00:06:59,775 --> 00:07:01,154 excited about, bringing 184 00:07:01,610 --> 00:07:05,050 expertise from enterprise strategy, managed care contracting and 185 00:07:05,050 --> 00:07:06,029 financial management, 186 00:07:06,810 --> 00:07:08,270 clinical and operational 187 00:07:08,649 --> 00:07:11,069 diligence, and and bringing all the pieces 188 00:07:11,770 --> 00:07:13,930 of the health care industry together in an 189 00:07:13,930 --> 00:07:16,675 integrated way. So and we just announced that 190 00:07:16,675 --> 00:07:19,555 our our leader of Rich Bay Bainer coming 191 00:07:19,555 --> 00:07:21,394 to to the firm. So really excited about 192 00:07:21,394 --> 00:07:23,714 the investments and strategic investments from our firm 193 00:07:23,714 --> 00:07:25,714 that we're making and what it's gonna do 194 00:07:25,714 --> 00:07:28,860 from a professional standpoint, but more importantly, from 195 00:07:28,860 --> 00:07:30,699 our clients and how we're gonna be driving 196 00:07:30,699 --> 00:07:32,800 really great impact from a client perspective 197 00:07:33,180 --> 00:07:35,419 in the marketplace. So, more to come from 198 00:07:35,419 --> 00:07:37,740 a BRG in the market, and I'm excited 199 00:07:37,740 --> 00:07:39,040 to to be a part of it. 200 00:07:39,500 --> 00:07:41,740 Absolutely. And just and just to reiterate Brett's 201 00:07:41,740 --> 00:07:43,694 points, I mean, we we were able to 202 00:07:43,694 --> 00:07:45,314 join in in a group of 203 00:07:45,774 --> 00:07:47,634 really intelligent and passionate 204 00:07:48,095 --> 00:07:49,694 leaders. I mean, there there are people at 205 00:07:49,694 --> 00:07:50,675 this firm that 206 00:07:51,055 --> 00:07:54,594 are incredibly impressive and contribute so much to, 207 00:07:54,654 --> 00:07:57,055 you know, developing health care solutions that benefit, 208 00:07:57,055 --> 00:07:58,800 you know, not only our clients, but the 209 00:07:58,800 --> 00:08:00,019 patients that they serve. 210 00:08:00,399 --> 00:08:01,539 And and it's just 211 00:08:01,919 --> 00:08:04,399 such a great opportunity to to be at 212 00:08:04,399 --> 00:08:06,099 BRG and and to see 213 00:08:06,399 --> 00:08:08,899 what we're we're actively building out and and, 214 00:08:09,279 --> 00:08:11,199 you know, like Brett said, much more to 215 00:08:11,199 --> 00:08:13,535 come, and and we're very excited for what's 216 00:08:13,535 --> 00:08:14,514 coming down the road. 217 00:08:15,454 --> 00:08:17,794 And and, Brett, I'll ask you this question. 218 00:08:18,334 --> 00:08:21,235 You come from a brilliant family of physicians 219 00:08:21,694 --> 00:08:22,595 and lawyers 220 00:08:23,134 --> 00:08:25,475 and and, actually, athletes as well. 221 00:08:25,839 --> 00:08:28,079 Do you ever feel like that you're on 222 00:08:28,079 --> 00:08:29,379 the right side of history 223 00:08:29,759 --> 00:08:32,799 by moving into consulting in health care versus 224 00:08:32,799 --> 00:08:33,940 law or medicine 225 00:08:34,320 --> 00:08:35,220 or or sports? 226 00:08:35,519 --> 00:08:36,740 How do you look at that? 227 00:08:37,279 --> 00:08:38,179 Thanks, Scott. 228 00:08:38,524 --> 00:08:40,365 So I I like to think I take 229 00:08:40,365 --> 00:08:42,684 the the good of both, my my paths 230 00:08:42,684 --> 00:08:43,664 that I've seen, 231 00:08:44,044 --> 00:08:47,164 ahead of me. I really appreciate in the 232 00:08:47,164 --> 00:08:49,504 health care world of really having the altruistic 233 00:08:49,725 --> 00:08:51,585 helping people aspect. But, 234 00:08:52,190 --> 00:08:53,889 at the end of the day, the lawyer 235 00:08:54,269 --> 00:08:57,070 in me in in brokering conversations, working with 236 00:08:57,070 --> 00:08:59,070 people, and and the administrative side of the 237 00:08:59,070 --> 00:09:01,169 health care industry to kinda move it forward, 238 00:09:01,389 --> 00:09:03,649 my job is hopefully to make, the clinician's 239 00:09:03,870 --> 00:09:06,204 job easier. So I'm trying to fuse the 240 00:09:06,204 --> 00:09:08,125 two of them. And, you know, if you 241 00:09:08,125 --> 00:09:09,485 think about it, everything's a little bit of 242 00:09:09,485 --> 00:09:10,845 a sport, so that's, I think, part of 243 00:09:10,845 --> 00:09:12,924 the negotiation in me too. So I do 244 00:09:12,924 --> 00:09:14,684 my best to try to to blend all 245 00:09:14,684 --> 00:09:17,084 of my background together and and take what 246 00:09:17,084 --> 00:09:19,084 I think is is the good, and and 247 00:09:19,084 --> 00:09:20,044 move it forward. So 248 00:09:21,860 --> 00:09:24,259 You are a remarkable leader, and by chance, 249 00:09:24,259 --> 00:09:26,740 I happen to know some of, Brett's family. 250 00:09:26,740 --> 00:09:28,740 I'm gonna ask you one more question, and 251 00:09:28,740 --> 00:09:30,200 you do not have to answer this. 252 00:09:30,580 --> 00:09:33,620 Okay. Who is a better athlete, Mickey or 253 00:09:33,620 --> 00:09:34,120 Gary? 254 00:09:34,835 --> 00:09:37,394 Oh, that's that's a tough one. I think 255 00:09:37,394 --> 00:09:39,394 it depends on the sport, but I'd be 256 00:09:39,394 --> 00:09:40,375 remiss to say, 257 00:09:41,075 --> 00:09:43,795 that my uncle did play Michael Jordan back 258 00:09:43,795 --> 00:09:46,035 in in high school days. So that'd be 259 00:09:46,035 --> 00:09:47,975 a tough one. That'd be a tough one. 260 00:09:48,590 --> 00:09:50,910 That's a very well well way of stating 261 00:09:50,910 --> 00:09:53,149 it without offending your father. I think that 262 00:09:53,149 --> 00:09:55,470 was really well put. I I have to 263 00:09:55,470 --> 00:09:57,309 tell you, it's it's a pleasure to visit 264 00:09:57,309 --> 00:09:59,870 with the two of you. Aside from knowing 265 00:09:59,870 --> 00:10:02,350 a little bit of Brett's family, brilliant, brilliant 266 00:10:02,350 --> 00:10:02,850 people, 267 00:10:03,184 --> 00:10:04,644 Peter and Brett are brilliant, 268 00:10:05,264 --> 00:10:07,524 leaders and management consultants at BRG. 269 00:10:08,544 --> 00:10:10,464 Brett or Peter, take the lead on the 270 00:10:10,464 --> 00:10:11,204 next question. 271 00:10:11,985 --> 00:10:14,644 Advice to emerging leaders, emerging careerists, 272 00:10:15,024 --> 00:10:16,784 what what advice would you give to emerging 273 00:10:16,784 --> 00:10:18,084 leaders, emerging professionals? 274 00:10:18,909 --> 00:10:20,830 Yeah. I think, really, there's two that I 275 00:10:20,830 --> 00:10:22,909 would like to to voice. First is be 276 00:10:22,909 --> 00:10:26,690 curious. Right? We're in such a a complex 277 00:10:27,070 --> 00:10:29,549 world of that's ever changing. So being a 278 00:10:29,549 --> 00:10:31,470 lifelong learner, and I think that's why I 279 00:10:31,470 --> 00:10:34,210 I chose consulting, it's all about lifelong learning 280 00:10:34,754 --> 00:10:37,154 and just driving personal growth through learning a 281 00:10:37,154 --> 00:10:40,035 new skill, deeper understanding of anything in your 282 00:10:40,035 --> 00:10:42,195 area of expertise or not in your area 283 00:10:42,195 --> 00:10:44,535 of expertise too. Trying to keep pace with 284 00:10:44,675 --> 00:10:46,649 all the change that's happening in in not 285 00:10:46,649 --> 00:10:48,870 just the health care industry, but but industries 286 00:10:48,929 --> 00:10:51,329 writ large around AI, etcetera. So I think 287 00:10:51,329 --> 00:10:54,049 just being curious is something that never stopped 288 00:10:54,049 --> 00:10:54,549 learning, 289 00:10:55,089 --> 00:10:56,470 is is something I definitely, 290 00:10:57,889 --> 00:11:00,289 continue to to tell people as as whoever 291 00:11:00,289 --> 00:11:03,164 listens to me, and and Peter probably is 292 00:11:03,164 --> 00:11:04,764 is, rolling his eyes as I say that 293 00:11:04,764 --> 00:11:06,644 because I've definitely told him to him too. 294 00:11:07,085 --> 00:11:09,004 But the other one I think is is 295 00:11:09,004 --> 00:11:10,845 about being a kind of a self starter 296 00:11:10,845 --> 00:11:12,625 and looking for ways to make 297 00:11:13,164 --> 00:11:15,345 somebody else's life a little easier. 298 00:11:15,644 --> 00:11:16,784 Again, whether that's 299 00:11:17,319 --> 00:11:19,879 your boss or your manager, a client, a 300 00:11:19,879 --> 00:11:22,279 colleague, or even a friend, by lending a 301 00:11:22,279 --> 00:11:24,759 hand or or stretching your role, you will 302 00:11:24,759 --> 00:11:27,000 advance to wherever that next step may be 303 00:11:27,000 --> 00:11:29,579 professionally and personally. If you just think about 304 00:11:29,639 --> 00:11:31,475 how can I make that that person's life 305 00:11:31,475 --> 00:11:33,174 a little bit better, a little bit easier, 306 00:11:33,714 --> 00:11:34,934 a little bit more manageable? 307 00:11:36,355 --> 00:11:38,294 But but I think that's that last point 308 00:11:38,514 --> 00:11:40,774 is so well taken and so well stated. 309 00:11:41,154 --> 00:11:43,475 People often don't realize in a professional organization 310 00:11:43,475 --> 00:11:45,970 or any business, whatever you're doing, so much 311 00:11:45,970 --> 00:11:47,129 of what you do 312 00:11:47,590 --> 00:11:50,389 is about trying to help whoever you're working 313 00:11:50,389 --> 00:11:52,549 with make things a little bit easier, a 314 00:11:52,549 --> 00:11:54,490 little more concise, a little bit better, 315 00:11:55,190 --> 00:11:57,910 and and and to solve problems rather than 316 00:11:57,910 --> 00:11:59,990 to create more problems. I just I just 317 00:11:59,990 --> 00:12:01,049 love that actually. 318 00:12:01,355 --> 00:12:02,955 Peter, let me turn it to you. Any 319 00:12:02,955 --> 00:12:04,555 piece of advice you could give to emerging 320 00:12:04,555 --> 00:12:05,055 leaders? 321 00:12:05,514 --> 00:12:06,254 Yeah. Absolutely. 322 00:12:07,274 --> 00:12:09,774 And and I really kinda draw on 323 00:12:10,154 --> 00:12:11,615 some of my past experiences. 324 00:12:11,995 --> 00:12:13,690 You know, before I I put the consulting 325 00:12:13,690 --> 00:12:16,329 hat on, I was an investigative reporter based 326 00:12:16,329 --> 00:12:17,709 in Chicago. And, 327 00:12:18,169 --> 00:12:20,409 you know, one of the things that has 328 00:12:20,409 --> 00:12:22,570 done me personally very well and that that 329 00:12:22,570 --> 00:12:25,705 I see really effective leaders doing is is 330 00:12:25,705 --> 00:12:28,845 is networking and just being open to connections. 331 00:12:28,985 --> 00:12:30,825 I mean, Scott, you're one of the best 332 00:12:30,825 --> 00:12:32,825 to do it yourself. I mean, you know, 333 00:12:32,825 --> 00:12:34,504 the way that we are able to to 334 00:12:34,504 --> 00:12:37,065 get connected and just build these bridges and 335 00:12:37,065 --> 00:12:39,404 start forming a relationship has, you know, 336 00:12:39,889 --> 00:12:42,289 been invaluable, and it's something that, you know, 337 00:12:42,289 --> 00:12:44,210 I'm looking forward to going into the future. 338 00:12:44,210 --> 00:12:44,950 But, I mean, 339 00:12:45,730 --> 00:12:48,529 effective leaders really recognize that networking isn't just 340 00:12:48,529 --> 00:12:51,090 about, you know, collecting contacts or filling the 341 00:12:51,090 --> 00:12:54,674 Rolodex. Right? It's about cultivating meaningful relationships. So 342 00:12:54,834 --> 00:12:57,075 they invest time in the individuals. They they 343 00:12:57,075 --> 00:12:59,634 listen. They and and they build this trust 344 00:12:59,634 --> 00:13:01,975 and and and curate a broad and diverse 345 00:13:02,034 --> 00:13:05,334 contact list. So, you know, these connections 346 00:13:05,955 --> 00:13:09,414 benefit both their personal growth and their organization's 347 00:13:10,149 --> 00:13:12,409 success. I mean, they open doors to collaboration, 348 00:13:12,870 --> 00:13:13,370 innovation, 349 00:13:14,070 --> 00:13:14,970 problem solving, 350 00:13:15,429 --> 00:13:16,570 and and it makes 351 00:13:16,950 --> 00:13:17,450 networking 352 00:13:17,909 --> 00:13:21,110 a a strategic leadership skill rather than seeming 353 00:13:21,110 --> 00:13:23,049 like a transactional activity. 354 00:13:24,394 --> 00:13:26,875 And I think that point of developing real 355 00:13:26,875 --> 00:13:27,375 relationships 356 00:13:28,235 --> 00:13:29,295 versus a transactional 357 00:13:29,835 --> 00:13:33,035 activity is is right on. I mean, the 358 00:13:33,035 --> 00:13:35,675 more that long term people are available to 359 00:13:35,675 --> 00:13:37,529 each other, it it's not so much you 360 00:13:37,529 --> 00:13:39,049 do this, I gotta get that, or vice 361 00:13:39,049 --> 00:13:41,690 versa. It's more, you know, over time, you 362 00:13:41,690 --> 00:13:44,669 figure out where there's synergistic opportunities for people 363 00:13:45,049 --> 00:13:46,889 and that work for everybody. And and I 364 00:13:46,889 --> 00:13:48,409 think that's right on. I think that's just 365 00:13:48,409 --> 00:13:50,110 a very I think that's a great perspective 366 00:13:50,169 --> 00:13:52,829 on networking and relationship building 367 00:13:53,394 --> 00:13:55,554 versus the alternative, which is everything's good, bro, 368 00:13:55,554 --> 00:13:58,195 quorum, transactional, which is very short lived and 369 00:13:58,195 --> 00:14:01,654 and leads to very flawed relationships, quite frankly. 370 00:14:01,875 --> 00:14:04,434 Right. Brett and Peter, I I wanna thank 371 00:14:04,434 --> 00:14:06,355 you both for taking the time to join 372 00:14:06,355 --> 00:14:08,695 us today on the Becker's Healthcare podcast. 373 00:14:09,550 --> 00:14:11,149 For me, this is a tremendous pleasure to 374 00:14:11,149 --> 00:14:13,149 visit with the both of you. Thank you 375 00:14:13,149 --> 00:14:14,910 so much for taking the time and joining 376 00:14:14,910 --> 00:14:17,550 us. Thank you. Thank you, Scott. The pleasure 377 00:14:17,550 --> 00:14:19,090 is ours. Thanks, Scott.