Solo practice is tough. Hell, its very very tough sometimes. One of the hard lessons you may learn after starting a practice is that your commercial insurance rates are most likely not going to be great. This is especially true for those who are not a specialist. Eventually you will have to negotiate a rate increase from your commercial payers to keep the business profitable.… Read the rest
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This week was a big week. My second clinic location opened! It has been a long road to get to this point. I started to have these discussions to open a second clinic almost a year prior to its opening. Our tentative opening date was January 2, 2021 but things of course got delayed and we opened end of May 2021.… Read the rest
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For those of you who are thinking of starting up a medical practice, I would like to help you by creating a checklist of everything you need to know to start your own medical practice.
Of course, a full list of everything you need to know about starting a medical practice is way too extensive to go through with one post.… Read the rest
Those who have been following along with this blog may know that I have purchased a condo within a new build to move my practice into. We have now been in this office for over 6 months and starting to fill it up with patients. Things seem to be going very well. However, I have run into a bit of a hiccup with my commercial loan for the space.… Read the rest
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When I started my practice, I was hungry for business. Soon after I opened, I was contacted by ZocDoc to advertise on their service. I’ve never even heard of them before they reached out to me. Since I was hungry for business, I decided to give it a go. ZocDoc is a service that allows patients to book online with nearby doctor to fill appointments.… Read the rest
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The past 12 months have been filled with unexpected expenses or a significant drop in income for most practices. My practice has been no exception to this rule. This week, Texas had an unprecedented ice storm bringing my practice to essentially a halt for an entire week. This means no income for this week but continued expenses for overhead. There will be more events like this in the future.… Read the rest
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… Read the rest Read moreCurious about the growth of my medical practice over the past 2.5 years? Lets take a look at exactly that in todays post. One of the most frequently discussed topics is how long it might take to grow a practice? I’ve spent a few hours collecting the weekly data for how many patients my practice has seen so that if you are wondering how long it might take to build your practice, you can see how long it took to build mine.
No good deed goes unpunished. We have been hit with a couple of negative reviews for my practice. After 2 years of learning how to respond to them, I think I have learned a bit of how to deal with bad reviews. Below is how I handle my negative reviews and how I am able to get approximately 50% of them removed.… Read the rest
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Wow, what a year 2020 has been! At the start of the year I thought that the hardest thing I would have to do is to finish the build of my new clinic. Little would I know that life would throw us all a curveball. The ups and downs have been dizzying so far. For now, things have at least stabilized and our growth continues.… Read the rest
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For those who followed my journey, you know that medical billing to insurances is a nightmare at times. I’ve now had a total of 4 different billers. The most recent biller almost did a complete financial disaster to my clinic. I swear I then had a stomach ulcer from the financial stress she put me through. Some may laugh at my desire to get my own biller.… Read the rest
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