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. Our Theory About Encouraging Higher Pay For Our Doctor or APP Lets say that the average APP pay is 120,000 in our area.… Read the rest The post Profits Went Up When We Switched How We Pay Our Doctors / APPs appeared first on InvestingDoc ..read more

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 The post Paying A Branding Consultant To Help Grow My Medical Practice appeared first on InvestingDoc ..read more

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 The post Unbelievably Bad Doctor Interviews We Can’t Forget appeared first ..read more

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 The post My Cash On Cash Return For My Medical Building appeared first on InvestingDoc ..read more

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 The post Terminating My Office Manager appeared first on InvestingDoc ..read more

Starting a new medical practice is an exciting endeavor that requires careful planning and financial consideration. Whether you’re a physician looking to venture into private practice or a group of healthcare professionals aiming to establish a clinic, understanding the financial aspects is crucial. In this blog post, we will explore the various factors involved in determining how much money it takes to start a new medical practice.… Read the rest The post How Much Money Does It Take To Start A New Medical Practice appeared first on InvestingDoc ..read more

The term rug pull became popular again with crypto. It is a phrase that describes when the owners of shares suddenly sell a majority stake. They do so without the other individuals knowledge who are invested in that asset. This has been happening more often than you might think in medicine with groups selling to PE (Private Equity). How are doctors being rug pulled by PE right now?… Read the rest The post How To Avoid Being Rug Pulled By Private Equity appeared first on InvestingDoc ..read more

Another year has come and gone. It’s time to celebrate the accomplishments of the past year and look at ways to improve the upcoming year. However, throughout all the holiday parties, you need to make time to complete the checklist that I do every end of year for my medical practice. The checklist helps me ensure that I keep an eye over the business large picture.… Read the rest The post End Of Year Checklist For Medical Practice Owners appeared first on InvestingDoc ..read more

The Department of Education on 10/17/2022 launched the application for the federal student loan forgiveness program. Borrowers who qualify may see relief in as soon as 6 weeks. While most attendings that have been practicing a while will not qualify, this will be important for residents, fellows, and APPs. What is Federal Student Loan Debt Relief? A program that provides eligible borrowers with full or partial discharge of federal loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients What Does It Take To Qualify For Federal Student Loan Relief ..read more

This is one of the most frequent emails that I get from my readers. Why have I not sold a portion of my practice to private equity? You might be thinking about having private equity buying a portion of your practice. Or you might be starting scratch with a private equity group. I’ll go through my opinions on the pros and cons behind private equity.… Read the rest The post Why I Have Not Sold To Private Equity appeared first on InvestingDoc ..read more