My New Location Is Profitable 6 Week After Opening

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.

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New Medical Office Location

This is the second office that I have opened.… Read the rest

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Unbelievably Bad Doctor Interviews We Can’t Forget

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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My Cash On Cash Return For My Medical Building

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

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Terminating My Office Manager

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 rest

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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

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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

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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

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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

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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

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