Deirdre Baggot is one of the most talked about business strategist minds around. She has made some headway in an area that is challenging to many; healthcare billing. How should such a sensitive thing work? Should we bill on a per service performed rate or bill a flat rate for all services despite how imperative they were or the end results? Deirdre Baggot is one of the few early pioneers that said, “Why not bundle these items in billable episodes of services performed and tied to charges related to a destined end result? This is essentially the concept behind bundle billing. No matter what side of the healthcare debate somebody is on, an informed person usually prefers this method of medical billing over others. Deirdre Baggot sat down with Inspirey and had some pretty interesting things for us to learn about her. Find out more about Baggot at Beckers Hospital Review
It was a CEO that got her into Consulting
Apparently, a decade within the healthcare billing field, working for large corporate clients, bored Deirdre a great deal. Deirdre Baggot shared that a former CEO of hers was getting bored with the concept too; and he had already begun consulting on the side. The rest is history, as they say. In fact, these two minds formed the Camden group together and this entity was eventually purchased from them by General Electric for a respectable sum. Most people don’t follow a CEO for an escape route when they leave the world of big business!
Camden became Profitable at the Speed of Light!
“Not long, maybe three months…” this was the answer that Deirdre had for the interviewer! Think about this, most businesses spend their first few years trying to become profitable. Mrs. Baggot not only accomplished this in under a year but in merely a quarter of a year. Such a thought is almost unheard of in the world of entrepreneurship. This is even true for those great minds that broke free from the corporate world. Many of these industrious people even require a few years to do what Deirdre had done in under a quarter of one.