Resilience in Numbers: Meeting Challenges as a Group
While PediaTrust’s core values and mission remain the same, the healthcare landscape has shifted over the last decade. Over the years, the group has weathered various challenges; Dr. Sirota attributes their successful navigation of these in large part to their size.
“What’s really changed over the last decade is how difficult it is to be in independent practice, which I think is correlated with the drop-off we’re seeing in independent practices,” she posits.
Within PediaTrust and in the medical community more broadly, Dr. Sirota has seen administrative burdens and costs grow. “We need to keep up with regulations, generate revenue, manage staff… it’s really hard for one person to function as both the CEO and a pediatrician,” she says.
Aside from general trends in payment and administrative challenges, PediaTrust has seen two major crises in their last twelve years of operations. The first was the COVID-19 pandemic. Then, in 2024, the group was impacted by a cyber attack on the area Children’s Hospital that hosts their electronic health record. Dr. Sirota explains that PediaTrust’s size helped them weather both crises.
“Our size and structure allowed us to very successfully navigate the pandemic,” Dr. Sirota explains. “We had the dexterity and resources to move to telehealth and also maintain care for our community.”
Pediatrust’s size created stability and resilience for the practice both financially and operationally during these crises. “In terms of the cyberattack, we were without an EHR for over a month,” she says. “As smaller independent practices, this would have amounted to a major financial crisis as well as an operational one. But our size has given us a level of protection and function in a crisis. We had an entire senior leadership team that could focus on how to manage through the cyberattack while the physicians focused on getting the patients seen.”
Over the years, the practice has taken ownership of their own billing company as well, now called SperoMD. “We all know insurance companies do not in any way pay pediatricians commensurate with our cost of doing business,” says Dr. Sirota.
Beyond resilience to financial and operational challenges, Dr. Sirota enjoys the creative problem-solving that’s possible in a large group. “Bringing everyone together allows us to have this braintrust,” she says. “Of course we’re all high quality pediatricians, but we also all bring an expertise related directly or indirectly to the business of practice. Coming together allows us to function in so many realms at a higher level because we can bring together these unique, individual levels of expertise.”