MGMA Week in Review: Engaging the Next Generation in Healthcare and Navigating Practice Transitions

Welcome to the MGMA Week in Review podcast. Hosted by Daniel Williams, Senior Editor at MGMA, along with co-host Colleen Luckett, Editor and Writer at MGMA. This episode covers the latest healthcare news and trends, including innovative ways to attract younger generations to healthcare careers, essential tips for transitioning practice ownership, and updates on significant industry events. Let's dive in!

Key Takeaways

1. Strategies to Attract Younger Generations to Healthcare (02:16 - 08:51)

- Key insights from the Health Impact Forum on making healthcare careers appealing to younger generations.
- Emphasis on virtual technologies, tech-savvy work environments, and work-life balance initiatives.

2. Preparing for Practice Ownership Transitions (08:52 - 12:09)

- Steps for planning smooth transitions in practice ownership.
- Highlighting the importance of valuing your practice accurately, maintaining clear communication, and seeking legal advice.

3. Updates on Healthcare Data Breach (12:10 - 14:50)
- Latest information on the Change Healthcare cyber attack and the Biden administration’s response.
- Details on the extended grace period for out-of-network billing arbitration and the closure of the CMS advanced payments program.

4. Lessons from Young Leaders in Healthcare (14:51 - 19:56)
- Insights from a 24-year-old CEO’s experience in hospital management, as featured in Becker’s Hospital Review.
- Importance of adaptability, communication, mentorship, and continuous learning in leadership roles.

5. MGMA Stat Poll Results (19:57 - 24:15)
- Analysis of the latest MGMA Stat Poll results, showing increased interest in adding Advanced Practice Provider (APP) roles in 2024.
- Significance of APPs in expanding access to care and innovative staffing solutions for practices.

Direct Links to Resources Mentioned:
1. How to Turn Healthcare into a Cool Career - Health Leaders
2. Gen Z Slang - Wikipedia

3. Navigating Ownership Transitions: A Guide for Private Medical Practices - Medical Economics
4. Change Healthcare Cyber Attack Updates - Healthcare Dive and Reuters
5. What a 24-Year-Old CEO Has Learned Two Years In - Becker’s Hospital Review
6. MGMA Stat Poll Results

We Want to Hear From You:

Let us know if there's a topic you want us to cover, an expert you would like us to interview, or if you'd like to appear on an MGMA podcast. Email us at:

• Daniel Williams: dwilliams@mgma.com
• Ryan Reaves: rreaves@mgma.com
• Colleen Luckett: cluckett@mgma.com

Thank you for tuning in to the MGMA Podcast Network. Please subscribe and leave us a review. See you next time!

Allied Medical Waste is the premier medical waste and document shredding company for medical groups all over the United States. On average, Allied helps medical groups save up to 50% on their monthly costs. Allied is known for their great service and impeccable response times. Reach out today for a free quote! Allied has a special offer for all MGMA members: the first 2 months FREE of charge!

Connect with us at sales@alliedusa.net or call (801) 328-8581.