How Money and Finances Work in Healthcare with Lee Scheinbart

Episode Overview: Are you a Chief Medical Officer or an aspiring physician leader looking to develop a foundational understanding of healthcare economics? In this episode, host Mike Sacopulos is joined by Lee Scheinbart, MD, CPE, author of The Chief Medical Officer’s Financial Primer, to delve into the financial intricacies of healthcare. Key Takeaways: • Financial Flow: Insight into how money moves from payers to providers in the U.S. healthcare system. • Leadership Skills: Importance of financial literacy for effective healthcare leadership. • Future Models: Preparation for evolving financial structures in healthcare. About Lee Scheinbart, MD, CPE: • Current Role: Chief Health Affairs Officer, Burrell College of Osteopathic Medicine. • Education: BS in Biology from the University of Michigan, MD from Ohio State University. • Training: Internal Medicine residency and Hematology/Oncology fellowship at the University of Florida Shands Hospital. • Experience: Over 20 years in Hematology/Oncology practice, leadership roles at Melbourne Internal Medicine Associates and Health First. • Contributions: Founding of the William Childs Hospice House, Medical Director for the Health First Cancer Institute. • Leadership: Certified Physician Executive (CPE), former Vice President for Medical Affairs and Chief Medical Officer at HF Hospitals. • Involvement: Active in the American Association of Physician Leadership, volunteer, mentor, curriculum advisor, and panel speaker. About the Book: Using illustrative stories, Scheinbart makes the text engaging while fostering critical thinking at every stage of an aspiring medical officer’s career growth. The book will equip physician leaders with essential financial knowledge to navigate and influence the healthcare system while providing an understanding of the historical flow of capital in U.S. healthcare and preparing for future financial models. Learn more about the American Association for Physician Leadership.