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 restRead more
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 restRead more
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 restRead more
Today’s post is a big learning experience for me. This post will go over terminating my office manager and the red flags that I ignored along the way. We are always learning, especially owning a business and practicing as a physician. I sure learned a lot based off of hiring and firing my first ever office manager.
This post will not get into bashing the manager.… Read the restRead more
Starting a new medical practice is an exciting endeavor that requires careful planning and financial consideration. Whether you’re a physician looking to venture into private practice or a group of healthcare professionals aiming to establish a clinic, understanding the financial aspects is crucial. In this blog post, we will explore the various factors involved in determining how much money it takes to start a new medical practice.… Read the restRead more
As a physician, our primary focus has always been on patient care and well-being. However, with the evolving landscape of healthcare, many physicians are now starting to question if private practice might be right for them. In this article, we will explore how I transformed my clinic into a thriving business without compromising patient outcomes.
It Is Tough Out ThereRead more
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 restRead more
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 restRead more
Another year has come and gone. It’s time to celebrate the accomplishments of the past year and look at ways to improve the upcoming year. However, throughout all the holiday parties, you need to make time to complete the checklist that I do every end of year for my medical practice.
The checklist helps me ensure that I keep an eye over the business large picture.… Read the restRead more
The Department of Education on 10/17/2022 launched the application for the federal student loan forgiveness program. Borrowers who qualify may see relief in as soon as 6 weeks. While most attendings that have been practicing a while will not qualify, this will be important for residents, fellows, and APPs.
What is Federal Student Loan Debt Relief?
A program that provides eligible borrowers with full or partial discharge of federal loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients