In this episode, Rusha interviews Praveen Suthrum, Praveen is the healthcare whisperer. A well-known thought leader on the GI business industry, he has become the go to figure to predict the headwinds of the future of healthcare. His insights and interviews on digital health, business consolidation in the industry, and the implications of emerging medical technology are must reads. In this episode, we talk about all these topics and more and you'll learn Praveen's breakdown of the fundamental forces reshaping modern healthcare.
NextServices is a company provides a platform that practices need to thrive while facing tougher reimbursements, higher operating costs and increased regulation. Under his leadership, the company developed a cloud-based GI EHR and endoscopy report writer called enki. He has an engineering degree from Manipal Institute of Technology and an MBA from University of Michigan’s Ross School of Business. He also completed the Exponential Medicine program at Singularity University. Additionally, he studied sculpture at the New York Studio School and music at Trinity Laban.
Key Highlights:
[00:01 - 07:45] - Opening segment
Rush introduces Praveen Suthrum!
Technologies used in healthcare
Business consolidation
Patient behavior
[07:46 - 19:29] –
Praveen Private equity-led consolidation is one of the forces physicians are most worried about
The trend on non-invasive screening
It leads to decreased access to colonoscopies
He discusses the role of physician is changing
[19:30 - 27:08] –
Praveen believes that physicians are the most brilliant people on the planet
Abundant mindset versus Scarcity mindset
The disruption happening in healthcare
Unbundling of services
[27:09 - 41:08] – The Politicizing of the Public-School Sector
Physicians to reflect on their role in healthcare
Burnout is a common issue
Patient education as opposed to technology
AI’s role in healthcare
[41:09 – 51:15] - Closing Segment
Praveen discusses how change is difficult to come by, but it has to happen now
Connect with Praveen at her website, get her book: https://scope-forward.com/, https://www.nextservices.com/, http://redohealthcare.com/, https://twitter.com/suthrum!
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Tweetable Quotes:
Praveen Suthrum - "If you want a different system and if you want to step up, and if that is important enough for you.”
Praveen Suthrum - "The answer lies in better patient education and awareness as a society."
Rusha Modi - “The unique thing in healthcare that you've been very, very articulate about is this balancing act between needing to enhance the efficiency and the productivity and the effectiveness on a business level.”