In this inaugural solo episode, I dive into the latest strategies and reflections from the past week at Advaita Health Ventures. Join me as I explore the critical importance of aligning incentives, the challenges of managing a growing team, and our journey toward becoming a data-driven organization. From tackling utilization issues to implementing innovative compensation models, this episode offers a behind-the-scenes look at the lessons we've learned and the steps we're taking to scale sustainably.
Topics Covered
- Aligning Incentives:
- The concept of aligning individual goals with organizational goals.
- Challenges of aligning incentives in a growing company.
- Strategies implemented: financial incentives, productivity bonuses, and additional PTO options.
- Utilization and Data-Driven Decisions:
- Overview of our approach to data integration and utilization.
- Benefits of transitioning to a data-driven model.
- Examples of data-driven improvements in patient care and provider workload management.
- Compensation Models and Flexibility:
- New compensation structures: straight salary, productivity-based pay, and 1099 options.
- Offering flexibility to providers based on their personal and professional needs.
- Recruitment and Team Building:
- Implementing a referral bonus program to attract top talent.
- Strategies for identifying and recruiting high-quality candidates.
- Learning from Mistakes:
- Reflecting on a recent hire that didn't work out as planned.
- Importance of setting up new roles for success and understanding organizational needs.
- The Path Forward:
- Plans for hiring a full-time data analyst.
- Importance of building a solid data architecture for future growth.
- Upcoming projects and the excitement of scaling the organization.
Key Takeaways:
- Aligning incentives is crucial for sustainable growth and employee satisfaction.
- Becoming a data-driven organization requires a solid data architecture and thoughtful integration.
- Flexibility in compensation and recruitment can help attract and retain top talent.
- Continuous learning and adaptation are key to overcoming challenges and achieving success.
About Flourish by Advaita Health
Flourish by Advaita Health explores how people, providers, and communities move from suffering to flourishing. Each episode weaves together perspectives from healthcare, wellness, and human experience — from the science of mental and physical health to the art of living well.
Advaita Health is a North Carolina–based behavioral health organization dedicated to supporting whole-person flourishing. Learn more about our work and clinical services below.
