The top 10 lessons I've learned since I've started my medical practice in outpatient medicine 3 years ago. www.investingdoc.com for full article Music from Bensound.com
I second all your points. Especially: 1) Just go for it. 2) Don't save pennies and compromise on getting good tools. 3) Good boundaries, especially with early adopters of your practice. 4) Don't wear too many hats. Subtracting is often better than adding a bunch of things.
thank you so much! seriously such a blessing listening to you share these nuggets of info for a future physician whos intersted in private practice :) all the best with your future, and im sure you will thrive and succeed in your business and life
I really appreciate the kind comment. I do love the feedback that I am getting so far from the community, I hope to help more doctors realize that private practice is possible. I hope you have a great day!
Hire an experienced office manager, preferably one that has worked in every area of a medical practice and trust them when they tell you about compliance. Have monthly meetings but leave the day to day to your OM. You be the doctor and let your admin be the admin.
For me, I had to set boundaries. I had to say. when I drive home...I'll answer urgent after hour calls...but beyond that I'm leaving it at work. I brew myself a caffeine free tea, and sip that on the way home to create a ritual in my daily habit to separate work from home life. Most days it works....some days...work is always on my mind. Its a constant battle for anyone who owns their own business. Its never 8-5
I bounce a lot of ideas off my wife and older brother. Both told helped me realize that I have to give up control and manage people to let them do great things to keep growing my practice.
Thank you for sharing your experiences. How do you bill for text messaging questions/answers? Do you get paid per question? Is there an app you use for this or is it through the EMR you use?
We bill through our EMR. We can add on a charge to the portal messages. However, we stopped mostly charging for them because patients were getting very upset at getting a bill even though we told them ahead of time, and we were getting paid only like $4 for all the work of answering portal messages back and forth. It is not worth it. We change them to telemed appts and have a script that we basically say we will not respond any more about this topic that an appt is required.
Hi, I really appreciate your reply and I really value your videos. I’m in the beginning stages of looking to acquire a practice and your videos are so insightful. Thank you again! 🙏
