admin, Author at InvestingDoc

How much money does it take to start a medical practice

June 12, 2023 admin 1 Comment

How Much Money Does It Take To Start A New Medical Practice

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 rest

June 5, 2023 admin 2 Comments

Growing My Practice From A Pseudo-Business to A Real Business

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 There

The past 4 years since I’ve started my practice have been hard.… Read the rest

January 23, 2023 admin 2 Comments

How To Avoid Being Rug Pulled By Private Equity

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

January 16, 2023 admin 2 Comments

How To Advertise Your Medical Practice On Google

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

January 9, 2023 admin 0 Comments

End Of Year Checklist For Medical Practice Owners

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 rest

October 18, 2022 admin 2 Comments

The Federal Student Loan Relief Program Is Live

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

What Does It Take To Qualify For Federal Student Loan Relief?

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October 17, 2022 admin 3 Comments

Why I Have Not Sold To Private Equity

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

October 10, 2022 admin 2 Comments

RVU Based Contracts And What To Avoid

Flat salary compensation models are becoming less common. Instead, production models have become much more popular. These contracts are often called an RVU based contract. Today’s post I will go through RVU based contracts and what you need to know to avoid in these contracts.

RVU

When you submit a bill to insurance companies, they assign a value to each code.… Read the rest

October 3, 2022 admin 7 Comments

The Day That Made Me Want To Quit Medicine

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

September 26, 2022 admin 2 Comments

Learning How to Code As A Doctor To Maximize Income

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