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
Growing a successful medical practice requires more than clinical expertise—it demands strategic planning, business acumen, and adaptability. As a primary care physician who has expanded from one location to three with seven providers, I’ve learned valuable lessons along the way. Here are my top ten strategies for taking a medical practice to the next level, including insights often overlooked.
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
I started my practice in 2018, and since then have bought into a new medical building as a condo owner. Often times you will hear that owning the real estate for your practice can be one of the best investments that you will ever make. Lets take a look today at my cash on cash return and see how good of an investment so far this has given me.… Read the rest
Let us have a post that looks closer at the “cost of doing business.” Also called financial losses for medical practices.
You may have heard this term before, but it is essentially the financial hit that one takes while running a business.
Every company has these costs. Think of the last time you were at a restaurant, and they messed up your order.… Read the rest
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
The term rug pull became popular again with crypto. It is a phrase that describes when the owners of shares suddenly sell a majority stake. They do so without the other individuals knowledge who are invested in that asset. This has been happening more often than you might think in medicine with groups selling to PE (Private Equity).
How are doctors being rug pulled by PE right now?… Read the rest
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
