Private equity (PE) gets a lot of hate in the medical world—and today, I want to talk about why I’ve said no to it (so far). But let me be clear: saying no doesn’t mean it’s always a bad idea. In fact, for some of you reading this, partnering with PE, an MSO, or even a group like Privia might actually be a smart move.… Read the rest
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As healthcare entrepreneurs, we often look at successful practices and think, “Wow, they made it happen so quickly!” But the reality behind these seemingly overnight successes tells a different story. Today, I want to share some personal experiences that highlight the true journey of building a successful medical practice.
Early in the pandemic, our practice faced an unexpected challenge.… Read the rest
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Starting or growing a medical practice can be a daunting endeavor, but it’s also an incredible opportunity to build something meaningful and sustainable. As someone who’s grown my practice from zero to over 20,000 patients, I’ve learned a lot along the way. Here are the top 10 tips I would give to my past self and anyone looking to build or grow a medical practice:
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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Hello everyone! My name is Brad, and welcome back to the blog. As a primary care provider with a practice serving over 21,000 patients, I have nothing but love for the vast majority of my patients. However, today, I want to shed light on a challenging but important topic: scams. Specifically, I’ll discuss the scams I’ve encountered in my practice, how they impact medical providers, and tips for spotting and preventing them.… Read the rest
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Time for an update for the status of how the practice is doing. I’ve posted quite a few of these on Student Doctor Forum in the past, but that forum is not nearly as active as it was in the past. For this update, I will just post it here on my blog instead. For those of you who don’t know.… Read the rest
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People love consistency. Our theory was that if we offer a competitive pay for doctors or PAs with a big bonus option, that this would encourage people to work harder and make more money. Turns out, so far, this has been dead wrong.
Lets say that the average APP pay is 120,000 in our area.… Read the rest
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Those who follow my blog will know, I’ve grass roots built everything. My logo, my website…everything. There comes a certain time when you have to take a step back and think about the direction of the business and where I want to take this business to. Thats exactly what I am doing with my business. Attempting to take it to the next level.… Read the rest
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It’s been about 6 months since my last post on this blog. I’m back! Some big changes have been occurring. I’d like to take a minute to update those of you who are following my blog on how things are going and let you all know how my new clinic location has opened, how things are going.
This is the second office that I have opened.… Read the rest
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In the world of medical recruitment, interviews are crucial for assessing potential candidates’ suitability for a position. However, not every encounter goes as planned. In this article, we delve into some truly memorable and cringe-worthy interviews with doctors that left us baffled, amused, and perhaps a tad concerned. From unexpected background noise to astonishing admissions, these anecdotes serve as cautionary tales and reminders that even the most seasoned professionals can sometimes miss the mark.… Read the rest
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