I help people start or scale medical practices. I own a multi-million dollar business / primary care practice.
My grandfather was a master plumber and master electrician in a Texas town of 2,400 people. He grew a plumbing, HVAC, and electrical company to 75+ employees — and almost everything I know about running and scaling a medical practice, I learned watching him do it.In this video I break down 7 lessons that transfer directly from a ”boring” trades business to primary care, private practice, and DPC. Plus why every industry — not just medicine — fights clawbacks and claims (the Dodge Ram warranty story is going to sound very familiar to anyone who bills Blue Cross).Timestamps:0:00 Intro0:17 Small-town Texas and my grandfather's business0:54 Lesson 1: There is nothing wrong with a boring business2:47 Lesson 2: Your reputation compounds — but the beginning is painfully slow4:34 Lesson 3: The owner gets every problem nobody else wants6:48 Lesson 4: Know the work before you try to manage the work8:03 Lesson 5: Tools are expensive, people cost more, bad people cost the most10:00 Lesson 6: Cash flow is not the same as success11:09 Lesson 7: Go after the big dogs13:00 How to sign 30 DPC patients in one swing (pitch employers, not individuals)13:48 What this means if you're fee-for-service and in network14:27 The Ram warranty clawback story — every industry deals with this16:06 What that $300/hr service call actually costs the owner17:29 SOPs, paying your dues, and why I started my own practice18:10 MSO update — it's done, emails going out shortlyIf you're starting or scaling a practice and want more on this, check out my video on advertising in medicine.Subscribe for weekly breakdowns on medical practice ownership, DPC, private practice economics, and physician entrepreneurship.My website 🖥️: https://www.investingdoc.comMy podcast Spotify Link🎧: https://open.spotify.com/show/3JxluO7mJOSE312G1Ul9dgApple Podcast Link 🎧: https://podcasts.apple.com/us/podcast/investingdoc/id1790276462My Instagram: https://www.instagram.com/investingdoc/My Twitter: https://x.com/InvestingDocMy Facebook Group: https://www.facebook.com/groups/investingdocReddit Group: https://www.reddit.com/r/PrivatePracticeDocs/Want to consult with me for your practice: Book here. https://investingdoc.com/consulting
If you’re wondering who are the best podcasts for doctors: I’ve put a list below of my favorite doctor podcasts or podcasts for Doctor entrepreneurs.
How I Built This by Wondery is an inspiring podcast that delves into the journeys of innovators, entrepreneurs, and visionaries who built some of the world’s most successful companies and movements. Hosted by Guy Raz, the show unpacks the challenges, failures, and pivotal moments that shaped these entrepreneurs’ paths to success. For physician entrepreneurs, this podcast serves as a treasure trove of valuable insights into building and scaling a business, overcoming obstacles, and fostering innovation. The lessons shared by diverse guests resonate with physicians seeking to merge their medical expertise with entrepreneurial ventures, offering both inspiration and practical strategies to navigate their own paths to success.
The Game with Alex Hormozi is a no-nonsense podcast that provides actionable advice and strategies for scaling businesses, building wealth, and mastering the art of entrepreneurship. Hormozi, a successful entrepreneur and investor, shares his personal experiences and insights on topics like sales, marketing, leadership, and mindset, offering listeners a roadmap to achieving their business goals. For physician entrepreneurs, this podcast is an excellent resource for gaining a deeper understanding of business fundamentals and strategies to grow and sustain a private practice or healthcare venture. With its direct and results-oriented approach, The Game equips physicians with the tools they need to navigate the entrepreneurial landscape with confidence.
Acquired is a deep-dive podcast that explores the stories behind the biggest companies and acquisitions in history, offering insights into how they rose to success and the strategic decisions that shaped their trajectories. Hosted by Ben Gilbert and David Rosenthal, the show goes beyond surface-level narratives to analyze business models, leadership choices, and market dynamics in a way that’s both engaging and highly educational. For physician entrepreneurs, Acquired provides valuable lessons on scaling a business, navigating complex industries, and understanding the nuances of creating sustainable growth. By dissecting real-world examples, this podcast equips physicians with the strategic mindset needed to innovate and excel in their entrepreneurial endeavors.
