Life Lessons from Private Practice
I was just talking to a dear friend who’s starting up her own solo practice and finding out for herself the roller-coaster ride that this journey is. She may not be feeling it today, but what today is teaching her is priceless. The way life schools you, no book can. No private practice consultant, no […]
Understanding Medicare
I know, I know, you’re not 65 yet, and don’t plan to be for a long time. But if you’re a physician in the United States treating adult patients, chances are, you bill Medicare for your services, either a little or a lot. Unless you’re opted out of the system, altogether- like Direct Primary Care. […]
A Guide To Building Your Practice Website Cost Effectively
Today’s post, A Guide To Building Your Practice Website Cost Effectively is a guest post from Nina Litovsky: a sponsor of this blog and owner and founder of web designer firm Nina Interactive, where her team and she work exclusively with medical and dental practices to create modern interactive and visually appealing websites. Every practice […]
Home Office Deduction: A Tax Break for Doctors
In running my lean private practice, I use a shared workspace. This cuts down my expenses considerably. But I use the shared workspace only to see patients. I do all the administrative tasks related to my practice from home. So, I do a home office deduction every year. This way, not only am I saving […]
How to Buy Malpractice Insurance
This post first appeared on the White Coat Investor blog. A few years back, when I was first starting my locums gigs, I went through the process of buying malpractice insurance for myself and wrote about it for the White Coat Investor because I credit him for my beginnings in financial knowhow. Today, he has […]
Why I Started a Lean Private Practice
The year was 2020. The COVID-19 pandemic was raging and the world had all but stopped. That was the year I started my solo micropractice. This is the story of why I started a lean private practice. I define lean private practice as the kind of practice which stays lean and nimble, while always razor-focused […]
How I Started Private Practice for $1200
One of the barriers to entry in private practice is the high start-up cost. Office space, EMR and supplies can easily end up in tens, if not hundreds of thousands of dollars, in startup cost. Let me tell you how I started private practice with $1200 in start up costs. Startup costs: The Breakdown As […]
What is Lean Private Practice?
Lean Private Practice is a way of practicing medicine that brings the focus squarely back to the patient’s wellbeing, while sustaining our private practices profitably. It is the only way to practice medicine in this day and age when reimbursement for care and the cost of doing business are going in opposite directions. Lean Private […]