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Imagine this. You're at the Hyatt Regency Chicago

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immersed in insightful discussions with the health care

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industry's top leaders.

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Welcome to Becker's 12th annual CEO

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and CFO roundtable from November 11th to 14th,

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2024.

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Picture yourself networking with over a 1000 executive

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level attendees,

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collecting business cards and forging valuable connections.

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Feel the excitement as you engage in 4

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days of sessions featuring 400

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elite health system speakers.

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Envision yourself diving deep into critical topics like

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rural health care, digital transformation,

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health equity, and c suite diversity.

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Now imagine being inspired by our celebrity keynotes,

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pro football hall of famers Troy Aikman and

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Emmett Smith, 43rd president George w Bush, and

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author and journalist Jenna Bush Hager. Their stories

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will leave you motivated and energized.

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Don't miss this unparalleled

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opportunity. Get registered today. Visit beckershospitalreview.com

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and click on the events page to find

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the conference website. That's the beckershospitalreview.com

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events page. See you in Chicago.

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Welcome to the Becker's Healthcare Podcast.

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My name is Paige Twenter. I'm an assistant

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editor here at Becker's Healthcare.

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I'm thrilled today to interview doctor James Kravec.

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On the podcast today.

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I'm really excited. But before we dive in,

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I'd love to have, doctor Kravick introduce himself

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and tell us about his background.

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Well, thank you for having me on the

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podcast today. My name is doctor Jim Kravick.

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I'm an internal medicine physician.

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By background,

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I'm born and raised in Youngstown, Ohio in

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Northeast Ohio.

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I went through my training as an internal

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medicine physician, and about 10 years into my

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career

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as a program director of a residency, as

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a core faculty member of a residency, and

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as a hospitalist and outpatient physician kinda combination,

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I switched

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into add on,

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some part time

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administrative roles,

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and then I became more full time administrative,

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although I still see some patients on an

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in a part time role.

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I serve as chief clinical officer

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for Mercyhealth in Lorraine in Youngstown. So I

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have 5 hospitals that I oversee

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in in Lorraine,

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Oberlin,

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Warren, Boardman, and Youngstown, Ohio.

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And I also serve as a medical director

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for graduate medical education for our our system,

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which is Bon Secours Mercy Health.

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Right. So focusing first,

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in the c suite,

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can you kind of, you know, talk a

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little bit about the

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potential evolution or the evolution you're already seeing

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among chief medical officer roles as well as

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chief clinical officers?

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You know, probably back in the mid 2000

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tens, a new term came to be in

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the physician leadership role, and it was a

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chief clinical

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officer. If you look back historically, the CMO,

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chief medical officer, historically had been

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over the 4 walls of a building, you

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know, the lead physician of 4 walls of

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a building.

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And that person led by influence. They were

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usually more a senior

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physician

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leader in the community.

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Yeah. And and that was they they really

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just had they they were more of the

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esteemed member of the medical staff.

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As the CMO role changed, they also found

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a need for a chief clinical officer. Chief

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clinical officers don't just have 4 walls of

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a building.

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They tend to have maybe multiple hospitals,

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a medical group that's employed,

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an accountable care organization,

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responsibility for graduate medical education,

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responsibility for recruitment and quality. So, really, you

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know, the other term sometimes for chief clinical

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officer is the chief physician executive.

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So sometimes those were used interchangeably.

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But I I I find the chief clinical

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officer role is a newer role, and it

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really encompasses

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the entire breadth of

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leadership

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of a health system

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rather than the four walls of a cyst

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of a of a building of a hospital.

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And what does that look like,

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for you, you know, that

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full clinical outlook,

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outside the four walls of a system?

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Yeah. Yeah. I think I think it's interesting

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because as you think think of the CMO

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or the CCO

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of today

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versus the CMO of the past. Right? So

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we focus on a lot of things such

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as hospital strategy,

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hospital clinical strategy, working with the hospital president,

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working with finance and nurses, the strategy team.

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I focus on physician relationships and advanced practice

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clinician relationships,

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between the credentialing and the medical executive process,

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but also working with,

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recruitment and how do we grow our medical

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staff and how do we grow our employed

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physician group.

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A lot of clinical operations,

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things like, you know, when when we talk

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about our star ratings and our leapfrog ratings,

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how do we have less

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CAUTIs and CLABSIs

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and less c diff,

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cases and decreased blood

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transfusion utilizations

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and on all that? And then and case

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management throughput, how do I focus on, length

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of stay and making sure that patients are

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have have less time in the emergency department,

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increase,

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experience of care? But and when I think

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about that, that's one component of it. Then

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the other component is I I really see

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the role of the chief clinical officer as

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the lead physician communicator

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talking about, you know, we just finished our

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pandemic for a couple years, and and I

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I served as the spokesperson for the clinical

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roles,

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for clinical evolution of of COVID and how

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we've communicated that, working with health departments, working

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with our

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university partners and medical schools. But I I

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see that really in 2024

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as the role of the chief clinical officer

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as opposed to what it was in the

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past.

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And what role are you envisioning for 2034?

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You know, I think as we

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continue

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to

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gain knowledge on the business side for physicians,

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I see the physicians being more in involved

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in the finance of MepHealthcare.

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You know, it's it's easy

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to manage a medical staff when you have

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to and if you had unlimited money. It's

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easy to run strategy with unlimited money.

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But as margins have become thinner and thinner,

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as we have worse

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payment models through insurance companies, and as we

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have higher salaries,

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our margins are smaller and smaller, so we

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have to be smarter with our decisions.

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And I think having physicians with that knowledge

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of the business of medicine

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is is only is where we're gonna see

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this role go in the next 10 years.

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Really

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focusing on

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not just clinical quality that's given that's expected,

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but also how do you balance that with,

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you know, the return on projects and the

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finances and the amount of money you spent

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on on this and that in the hospital.

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I I see that role going,

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in that direction over the next 10 years.

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With margins getting thinner and thinner,

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chief clinical officers, chief, medical officers need to

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be more financially nimble.

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Is is that what I'm

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hearing or I wanna make sure I'm understanding

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properly.

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Yeah. You no. That's that's I think that's

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true. Because, again, we

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you might say, as the lead physician, your

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job is to focus on quality.

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Well, that's true

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and focus on physicians. That's true. But you

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have to understand the finance component.

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We can say I need 5 more quality

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leaders, and I need to pay this, and

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I need this person, this this new service

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line and and whatnot.

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But the reality is it's all tied to

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the finance of the hospitals and the finances

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of medicine. And if those don't match up,

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then we're not working we're working in silos.

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You have to be aligned

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with the finance

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on everything we do on the physician strategy,

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the quality strategy, the recruitment.

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It has to has to come together. Because

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if it doesn't,

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it's really not gonna succeed.

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And with that forecast, do you have,

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recommendations

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or action items you recommend

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for your peers across the US, you know,

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other clinical officers, other medical officers?

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You know, as as I

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think about my role as a chief clinical

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officer,

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you know, we should be

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and we we we say use the the

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term tied to the hip with the chief

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nursing officer and really understand nursing and physician.

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That's really important. And this doesn't minimize what

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I'm about to say doesn't minimize that. But

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you also have to be tied very closely

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with your strategy team and with your finance

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leaders.

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And I think, you know, the the historical

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CFO,

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just like the historical CMO,

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was very

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focused and siloed.

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The CFO focused on on money and on

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the balance sheet and focused on

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that part only. The CMO focused on quality

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and that part only.

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Reality is they're they're they're so intertwined.

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And the finance physician finance leader needs to

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understand

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what it means to hit quality measures and

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what it means to recruit and what it

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means to have a good performer in the

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operating room and where the but the physician

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needs to understand

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the cost of supplies and, you know, the

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return on having a new physician or a

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new service or a new robot. Those have

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to be brought together. So I think working

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with your finance lead is is so important.

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And I can only imagine

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the clinical efficiencies

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or unlocked opportunities

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there. You know, the more integrated CFO and

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CMO and CCO

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work comes together.

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I I I think it is. And it

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really it really makes

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us work as a team. I I I

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I remember meeting I had recently with our

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our chief

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finance officer and chief nurse, and we were

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almost telling each other's story and and defending

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their position because, you know, the finance person

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was saying that you need that clinically. And

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I was saying, yeah. But it's too expensive.

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You know? And that and that it's

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just you reach a success point when you're

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fighting the other person's battles, and they're fighting

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yours because you see their point of view

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so much. And I think that's kind of

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how that's that's a level of success, I

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think, as you have these relationships.

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That's funny.

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We have a few minutes left. I really

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wanna make sure I get to this, other

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question I have for you.

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At Mercyhealth and your practice, in the multiple

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cities that you're working in in Ohio,

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what's your most successful project or initiative from

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the past few months? You know, can you

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kinda dive into what you did and what

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you've seen so far?

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Yeah. We we spend a lot of time.

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I spend a lot of time on recruitment

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of physicians

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and planning from 1 to 3 to 5

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to 7 years down the road. And and

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and, you know, the 1 to 2 years

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is easy. I I talk to physicians while

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they're in residency or if they're in practice

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and then working with them coming over to

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Mercyhealth in Lorraine or Mercyhealth in Youngstown. But

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as I as I look down the road,

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we're working on building residency programs.

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You know, how do we start a family

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medicine residency program? How do we start internal

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medicine residency program to build our pipeline?

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That's gonna take 3 to 5 to 7

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years to see the the the fruits of

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our labor. And so as I look at

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that, that that success of of building these

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new programs is something I'm so proud of

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because, you know, we're gonna kinda feel that

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in in a couple years. But, you know,

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in 2030,

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when we have our graduates of our new

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residency program, the work we're doing now in

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2024 will be will be just tremendous. So

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that that's probably one of the biggest, areas

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of,

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work that's made me proud over the last

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couple of years.

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My last question for you,

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what's a really large

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challenge you're expecting to face in next year?

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You know, I think if I look at

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the work that our primary care physicians

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do,

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there is a lot of

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clicking in electronic medical records,

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a lot of,

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outside pressures on primary care physicians,

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answering questions, coding queries about the accountable care

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organization,

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or working directly with patients through their portals

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or communication, their MyChart, and whatnot.

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And the document documentation

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requirements

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are so heavy. My wife's a primary care

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physician. I see firsthand the time that she

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spends at home

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after seeing a full day of patients and

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you spend eat dinner for an hour and

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you come home and turn the computer back

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on and work for 3 to 4 more

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hours every night.

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And I think that is the challenge that

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we feel both at in my organization and

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really across the country in primary care. That

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needs

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fixed. That needs fixed because that's gonna burn

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out, primary care physicians,

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and that will be a problem. So we

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we have a lot of ideas and a

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lot of things that we're working on, but

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that's a big problem I see.

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And not one easily

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fixed probably?

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No. It's gonna it's it's gonna take resources.

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And then and you might say that resources

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and maybe a person to help them within

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basket or person help with communication.

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Or as a technology such as artificial intelligence

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to help write notes or

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or check charts or whatnot. But it it

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it has to be addressed because,

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you know, I've talked to my colleagues in

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other health systems and other parts of the

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country. It's the same

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problem they're dealing with in primary care. And

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probably as you talk to other guests, if

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you ask that same question, you're probably gonna

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get a similar answer.

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It's the the the moral injury of those

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in primary care is so

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challenging because the work does not end.

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And electronic medical record with all of its

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positivity,

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it has made it very, very easy for

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patients to get ahold of their doctors at

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any time, and that's a challenge for primary

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care doctors.

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Not to end on a sour note or

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ending on a problem, but we are at

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time. I just wanna say, doctor Kravec, thank

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you so much for joining me today. I

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really appreciate your, you know, your time ensuring

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your sharp insights with me and our audience

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listening today.

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For our audience, you can catch more of

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doctor Kredick at our upcoming clinical leadership forum

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at the Becker CEO and CFO roundtable, which

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is taking place November 11th through 14th in

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Chicago. We do have limited space available,

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and contact us to learn more. Thank you

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again, doctor Pradak.

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Thank you. Have a wonderful day.