LACMA’s highly anticipated Business of Medicine Conference on Saturday, November 2, 2024, at the Westin Pasadena will feature a unique lunchtime panel discussion, offering physicians the chance to engage directly with health plan leaders.
“As healthcare transitions toward value-based care, solo and small practices face significant challenges in competing with larger, consolidated systems,” said panel moderator Dr. Hector Flores. “This session will explore how health plans and organized medicine can support independent practices in addressing rising costs, declining reimbursements, and limited resources. Panelists will discuss strategies to sustain these essential providers, who play a critical role in caring patients, while adapting to value-based care models.”
The Business of Medicine event offers physicians from Los Angeles and across California an invaluable opportunity to deepen their understanding of the business side of medicine. With a focus on practical tools for managing practices, optimizing care delivery, and staying competitive, the conference aims to equip attendees to navigate today’s evolving healthcare landscape.
Free for LACMA Members | Limited Space Available | Tickets Selling Fast
Breakout Sessions: Real-World Solutions for Your Practice
In response to feedback from LACMA members, the 2024 Business of Medicine Conference will feature breakout sessions tailored to the needs of physicians managing small or solo practices. The conference will cover critical topics, including Practice Operations, Technology, and Financial Wellness, all aimed at reducing costs, improving efficiencies, and elevating patient care.
Attendees will have access to a range of solution providers ready to engage in direct conversations, helping physicians navigate specific business challenges. The event will include the following breakout sessions:
• Navigating Malpractice Coverage & MICRA’s Impact
Key takeaways: Types of coverage, policy limits, and best practices for malpractice insurance; impacts of the Medical Injury Compensation Reform Act (MICRA) on claims.
Ideal for: Physicians, practice managers, healthcare administrators.
• Understanding Value-Based Care: Insights, Risks, and Rewards
Key takeaways: Transitioning from fee-for-service to value-based care, focusing on quality metrics, outcomes, and cost-efficiency; assessing your practice’s readiness for this shift.
Ideal for: Physicians and administrators preparing to adopt value-based care models.
• Mastering Payor Contracts & Navigating Healthcare Regulations
Key takeaways: Negotiation strategies for payor contracts, reimbursement optimization, compliance issues, and streamlining the prior authorization process.
Ideal for: Physicians, practice managers, healthcare administrators.
• Modernizing Your Practice: Embracing Technology for Future-Ready Healthcare
Key takeaways: The role of AI, EHR interoperability, scribing, and cybersecurity in modernizing healthcare; practical applications and best practices.
Ideal for: Physicians, IT professionals, healthcare administrators.
• The Anatomy of a Startup Practice: Key Steps to Success
Key takeaways: Legal, financial, and operational strategies for launching a practice; HR and staffing considerations, and marketing plans to build your patient base.
Ideal for: Physicians planning a startup, healthcare entrepreneurs, practice managers.
• Exploring Modes of Practices: A Panel for Early Career Physicians
Key takeaways: Insights into private practice, employed practice, FQHCs, and concierge medicine, with experienced physicians sharing the pros and cons of each model.
Ideal for: Early career physicians, medical residents exploring career paths.
In addition to the breakout sessions, the conference will feature a Career Fair, offering residents the chance to network with potential employers and explore a variety of career opportunities in a dedicated session.
A Must-Attend Event for Physicians
This conference presents a critical opportunity for physicians to gain actionable insights into practice management, enhance operational efficiencies, and improve the quality of care they provide. The event will also provide ample networking opportunities, allowing attendees to connect with peers and industry experts.
Don’t miss out on this landmark event on November 2—register today to secure your spot.
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