3.5 Year Update Owning A Medical Practice

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  • Опубликовано: 15 июн 2024
  • This video I talk about what it has been like owning a medical practice so far, about 3.5 years in full time. It has been some wild times starting a practice right before covid, and surviving having a new medical business during COVID-19.
    0:00 Intro
    0:31 Workload
    1:18 Executive Wellness
    1:43 Office Manager
    2:05 Doc Who Didn't Work Out
    2:29 Inflation
    2:53 Low Pay From Insurance
    3:20 Personal Life
    3:45 Number Of Employees
    4:15 New Building
    4:42 Clinic Revenue
    6:12 Growth of the Practice
    6:18 Why Work This Hard?
    6:58 Looking Back
    8:02 Final Thoughts
    Blog article about how I lost a lot of money hiring one physician. investingdoc.com/employment-c...
    My website: www.investingdoc.com

Комментарии • 10

  • @Honesttalk767
    @Honesttalk767 2 месяца назад

    Thank you for being so transparent!

  • @yetti563
    @yetti563 Год назад +1

    Can you talk more about executive wellness?

  • @stevehawke9819
    @stevehawke9819 Год назад

    Bro, your business sounds great! If I ever move to Austin, please hire me (IM here)! ;)

  • @kinjalgadhiya7476
    @kinjalgadhiya7476 4 месяца назад

    Hello Brad, what is your opinion starting a medical practice cash only vs insurance? Do you recommend either of two?

  • @engineerfalde
    @engineerfalde Год назад +1

    You've mentioned virtual assistant multiple times do you have some more info on that?

    • @InvestingDoc
      @InvestingDoc  Год назад +2

      We have hired remotely to pay smaller city prices for wages rather than the major city prices for labor. Hello Rache is very popular for virtual assistants since you pay about $7 an hour flat for these workers to help with your business.

  • @jonfrancobarretto3314
    @jonfrancobarretto3314 2 месяца назад

    Hi, thank you for sharing the revenues. How much of that do you get to keep as profit with the increasing expenses at the end of the year if you don’t mind me asking?

    • @InvestingDoc
      @InvestingDoc  2 месяца назад +2

      We were planning on opening a new clinic during year 3.5 but of course things took longer than I would have liked. I made between 400-500k this year off of the practice.

    • @jonfrancobarretto3314
      @jonfrancobarretto3314 Месяц назад

      Thank you

  • @tiagonunesbraz1720
    @tiagonunesbraz1720 Год назад

    Hello, would you mind sharing how does the salary of the other doctors work? Do you take a % of their profit?