Ep. 392 How to Maximize Efficiency and Revenue with EMRs and Practice Management Systems with Dr. Paramjit "Romi" Chopra

In this episode of the BackTable Podcast, host Dr. Ally Baheti and Dr. Paramjit “Romi” Chopra discuss the processes involved in successful interventional radiology practice management. Dr. Chopra is an interventional radiologist practicing in Chicago, IL. He is the founder and CEO of Midwest Institute for Minimally Invasive Therapies. Dr. Chopra advises young IRs against going solo, and he suggests finding people who’ve done it before, to avoid “reinventing the wheel.” Dr. Chopra emphasizes the importance of adopting a patient-centered approach, building systems, developing business sense, and understanding risk. He shares his own experiences of building systems using Salesforce and explains the concept of ‘omni-channel healthcare delivery’. He particularly discusses the importance of patient, provider, and payer relationships, and he offers solutions for dealing with inherent complications. The episode also covers identifying the right electronic health record and developing an effective inventory management system. --- CHECK OUT OUR SPONSORS Medtronic IN.PACT 018 DCB https://www.medtronic.com/018 Reflow Medical https://www.reflowmedical.com/ --- SHOW NOTES 00:00 - Introduction 05:41 - Shift from Academic Medicine to Entrepreneurship 09:40 - Patient-Centered Care in Interventional Radiology 11:13 - Challenges of Starting an Independent Practice 17:49 - Role of Electronic Health Records (EHRs) in Modern Healthcare 26:15 - Challenges of Implementing EHRs in Interventional Radiology 35:30 - Misconceptions about Outpatient Based Labs (OBLs) 37:01 - Understanding the Payer System 38:19 - Challenge of Insurance Coverage 51:43 - Practice Management Companies --- RESOURCES MIMIT Healthcare: https://mimithealth.com/physicians-executives The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael E. Gerber: https://a.co/d/2TuGpTn AdvancedMD Cloud Based EMR: https://www.googleadservices.com/pagead/aclk Athena Cloud Based EMR: https://www.athenahealth.com/landing/athenaclinicals CIMSS Management Services Organization (MSO): https://www.cimss.com/ Salesforce: https://www.salesforce.com/