3.5 Year Update Owning A Medical Practice

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

[@Honesttalk767]

Thank you for being so transparent!

[@kinjalgadhiya7476]

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

[@jonfrancobarretto3314]

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]

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]

Thank you

[@stevehawke9819]

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

[@yetti563]

Can you talk more about executive wellness?

[@engineerfalde]

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

[@InvestingDoc]

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.

[@tiagonunesbraz1720]

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