Today, I’m going to share with you seven secrets that will put you ahead of 99% of other physician entrepreneurs and private practice owners. These lessons come from years of running my own practice and consulting with dozens of doctors who are trying to level up their businesses. If you can start applying even a few of these tips, I promise you’ll start seeing big changes.… Read the rest
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Running a successful multi-location private practice comes with its fair share of challenges—from hiring physicians to negotiating insurance contracts. But one threat I never expected came from a trusted vendor: a well-funded healthcare tech company that attempted to access the personal data of every single patient in my EMR.
This isn’t just a story about cybersecurity or HIPAA compliance. It’s a real-world warning about how even billion-dollar companies can push ethical and legal boundaries, and why every physician who owns a medical practice needs to be vigilant about who they give access to their electronic health records (EHR).… Read the rest
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Starting and running a successful private practice isn’t easy, and over the years, I’ve seen common pitfalls that cause practices to stumble—or even fail. Whether you’re just starting out or trying to grow your business, knowing these issues can help you steer clear of them.
For those who don’t know me, my name is Brad. I own a private practice with seven providers across three locations, and we’re on track to generate about $4 million in revenue this year.… Read the rest
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The internet seems to be flooded with stories of doctors, residents, and medical students quitting healthcare. As a physician and owner of a thriving private practice generating nearly $4 million in revenue annually, this trend has caught my attention. My name is Brad, and alongside my business partner, I’ve grown our practice to three locations with seven providers. While building this practice has been a labor of love, seeing fellow healthcare professionals leave the field raises important questions: Why are so many quitting, and what does this mean for the future of medicine?… Read the rest
Read MoreOne of the most common questions I get from physicians we hire is: Can I become a partner in this business? It’s a valid question and one that deserves a thorough answer. However, the short answer is no. Now, before you think this sounds cold or callous, let me explain my reasoning as both a business owner and someone who has experienced the pitfalls of poorly structured partnership agreements firsthand.… Read the rest
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Sometimes in life you luck out. We lucked out bigtime by selling our house at the top of the market for half a million dollars in tax free gains. My wife and I stumbled upon a great house in the central part of the city we live in. Little did we know that this house would transform our financial future. It all began with a modest 1400 sq ft house in the heart of town, a purchase made pre-marriage and pre-kids.… Read the rest
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One of the most frequent questions that I get asked is how to advertise your medical practice or business online. Should you pay a consultant or do it yourself? Maybe you’re just curious how hard it is to advertise. Today we will walk through how to advertise your medical practice on google. It really is not as hard as you think.… Read the rest
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This is one of the most frequent emails that I get from my readers. Why have I not sold a portion of my practice to private equity? You might be thinking about having private equity buying a portion of your practice. Or you might be starting scratch with a private equity group. I’ll go through my opinions on the pros and cons behind private equity.… Read the rest
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I wrote this post the morning after the event that took place on 10/29/2022. Yesterday, my daughter was sent home from daycare with complaints of “she won’t stop crying and screaming of belly pain.” Today’s post will be a deviation from the usual post, and I will walk though some of the events and why I’m looking at how I practice medicine with a new viewpoint.… Read the rest
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Learning another language is something that I’ve always wanted to do. I never thought it would be learning to code as a doctor as my second language. What does this have to do with coding for doctors and why is it on my blog? Well, I have been learning python. However, you don’t need to learn python to maximize your income.… Read the rest
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