Tampa Bay Medical News May 2013

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PHYSICIAN SPOTLIGHT PAGE 3

Leslie W. Miller, MD ON ROUNDS

Preparing for the Alzheimer’s Burden Industry experts discuss challenges in research, legislative advocacy By LyNNE JETER

Succession Planning

How to concoct a good exit strategy ... 6

The Move from Social Media Marketing to Social Business Strategies

At the core of a social business strategy is the desire to deepen connections, engagement and collaboration within various communities touched by the company or industry. ... 9

ONLINE: TAMPA BAY MEDICAL NEWS.COM

The statistics for Alzheimer’s disease in Florida are staggering. The sunshine state houses the nation’s second largest population of patients suffering from the devastating malady for which there is no cure. The University of Michigan Health System and RAND estimates it as the highestcost disease for care. A 2011 MetLife study estimated that wage losses incurred by care-

givers, who are usually in their prime earning years at the time they’re needed, average more than $300,000. “Cases of the disease have drastically increased and will continue to do so,” said Prem R. Shah, MD, who established in 2011 the 100-bed Bristol Court Assisted Living Facility in Tampa, the largest Pinellas Dr. Prem Shah

County site exclusively for Alzheimer’s and other memory-loss patients. “As the CEO of assisted living facilities specializing in this disease, we see a drastic need for additional funding and growth of facilities catering to this specialized population. I personally hear from my staff that families are keeping residents longer and longer at home. This is because families are forced to since many care facilities can cost families (CONTINUED ON PAGE 4)

IT Acceleration

MedEvolve finds ‘sweet spot’ niche providing PM and EMR software and RCM services to physician practices nationwide was “preoccupied and disinterested,” and customer support was practically LITTLE ROCK – When Bill non-existent. “Our practice collecHefley, MD, was a junior partner tions soon approached zero. I knew at a Little Rock orthopedic practice there had to be a better way.” more than two decades ago, he was A hobbyist computer tasked with choosing a new informaprogrammer, Hefley devoted his tion technology (IT) system to replace Dr. Bill Hefley energies to filling the void in the an antiquated one. After completing marketplace. From it, he established due diligence on various options, he played MedEvolve as a truly collaborative it safe and purchased a new system from the industry partner to solidify the IT nation’s largest vendor. backbone of medical practices. “It was a complete disaster,” recalled The success of MedEvolve’s Hefley, noting the software was different practice management than the demonstration version, the trainer (CONTINUED ON PAGE 8) By LyNNE JETER

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