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Planning for Vacation, Planning for Health

Blog Post

Ahh…summer vacation, my favorite time of year.  Whether it be visiting museums, trekking across our national parks, walking the beach, or just enjoying a stay-cation, my favorite vacation memories are usually the result of a little preparation and a general road map.  When thinking about the joint replacement space, it seems logical that such an event deserves at least the same amount of preparation (if not more) as a summer vacation, particularly since it will probably be more expensive and more life changing than the typical summer vacation.  

Last week, Tenamark founder, Sheila Tonn-Knopf, and I were fortunate enough to teach two sessions at the national conference in Nashville, Tennessee for the American Alliance of Orthopedic Executives (AAOE).  While visiting with the AAOE conference attendees (mostly orthopedic practice administrators), we spent a lot of time listening to their thoughts on patient engagement in the orthopedic surgery space.  A common theme was the idea that healthcare is still incredibly siloed in the sense that the physician addresses the actual surgery, the hospital addresses the actual hospital experience, the therapist addresses the therapy, etc. 

Unfortunately, there is often a lack of “big picture” for patients when it is vital that they have a clear roadmap through the entire process of preparing for a joint replacement, having a joint replacement, and recovering from a joint replacement.  At the end of the day, the patient just wants to be back on their feet as quickly as possible and have a better quality of life than before the surgery.  However, it is harder to reach that destination as expediently as possible if there is no cohesive map providing a clear route.  

As we move into late spring and prime summer vacation season starts, it might be helpful to ask, would you take an expensive road trip without a plan?  Even the most adventurous souls should plan ahead for an extended journey (financially, physically, and psychologically).  As Tenamark prepares to release its first patient joint replacement guide this summer, it is a perfect time to think about the journey before, during, and after surgery. 

 


Fluresh Cannabis’ Bank Loan: Moving Into the Mainstream

The announcement by Fluresh, a vertically integrated Michigan based cannabis business, of the closing of loans from a federally insured commercial bank totaling almost $50 million represents an important landmark for both Fluresh and the cannabis industry writ large. For Fluresh, perhaps as important as the bottom-line benefits of lower cost financing, the fact that its operations and financials passed muster with a substantial commercial bank can be regarded as an important rite of passage. For the industry, it reflects its inexorable movement out of the shadows and into the mainstream. This substantiates the view that, whether or not any of pending the federal legislation is enacted, bank lending to the cannabis industry will continue to accelerate.

Out of the Shadows | An Investor Summit Recap

After a COVID hiatus of more than 2 years, I rejoined the institutional cannabis investment speaker circuit, offering the closing remarks at the Kahner Global Cannabis Private Investment Summit in Coral Gables, Florida. My remarks addressed how banking developments are increasingly impacting cannabis investment, operating and financial strategies and decisions, for both plant touching and the growing array of ancillary businesses serving the industry.

BMD Announced in Best Law Firms 2022 List

We are excited to announce that BMD is included in the 2022 Edition of U.S. News – Best Lawyers “Best Law Firms,” recognized for professional excellence with consistently impressive ratings from clients and peers. The full firm report is included.

Key Takeaways from BMD’s Banking and Cannabis Webinar

Estimates have shown that the cannabis industry is one of, if not the, fastest growing industries in the United States in recent years, with no sign of slowing. Growth requires capital. Banks need loans, and cannabis companies, which are rapidly becoming bankable need access to lower cost bank lending. While cannabis remains federally illegal, an impediment to access to financial institution credit, banks and credit unions are nevertheless entering the market in increasing numbers.

American Heart Association's 2021 Go Red For Women

The BMD Season of Giving in 2020 was a great way to help out organizations that help others. Continuing community involvement in 2021, we will be looking to the American Heart Association's Go Red for Women campaign. Healthcare and Hospital Law Member and Vice President Amanda Waesch is the Chair of Go Red for Women for the American Heart Association, which is kicking off the 28 days of Heart Health. Show your support on February 5th with “Wear Red and Give” Day. Consider hosting a Jeans Day every Friday in the month of February at your place of business in support of Go Red For Women, even encouraging remote employees to participate. Snap a pic of your team members in their red gear and post on social media (socially distanced in person or a virtual group photo will work, too!) – see the toolkit here for sharing on your favorite social platforms. Click here to learn more and donate to the GRFW Campaign.