One of the most common questions I get from physicians we hire is: Can I become a partner in this business? It’s a valid question and one that deserves a thorough answer. However, the short answer is no. Now, before you think this sounds cold or callous, let me explain my reasoning as both a business owner and someone who has experienced the pitfalls of poorly structured partnership agreements firsthand.… Read the rest
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Hello everyone! My name is Brad, and welcome back to the blog. As a primary care provider with a practice serving over 21,000 patients, I have nothing but love for the vast majority of my patients. However, today, I want to shed light on a challenging but important topic: scams. Specifically, I’ll discuss the scams I’ve encountered in my practice, how they impact medical providers, and tips for spotting and preventing them.… Read the rest
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Time for an update for the status of how the practice is doing. I’ve posted quite a few of these on Student Doctor Forum in the past, but that forum is not nearly as active as it was in the past. For this update, I will just post it here on my blog instead. For those of you who don’t know.… Read the rest
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People love consistency. Our theory was that if we offer a competitive pay for doctors or PAs with a big bonus option, that this would encourage people to work harder and make more money. Turns out, so far, this has been dead wrong.
Lets say that the average APP pay is 120,000 in our area.… Read the rest
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Those who follow my blog will know, I’ve grass roots built everything. My logo, my website…everything. There comes a certain time when you have to take a step back and think about the direction of the business and where I want to take this business to. Thats exactly what I am doing with my business. Attempting to take it to the next level.… Read the rest
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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.
This is the second office that I have opened.… Read the rest
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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 rest
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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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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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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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