Ever had a difficult patient who seemed like more trouble than they were worth? It happens to all of us and it's not that the patient is bad, it's that we don't have the right processes in place to avoid customer related headaches.
One of the biggest advantages of running a private, cash-based practice is the freedom to choose how you handle patient payments—including the ability to offer refunds strategically.
In this episode, I share a real-world example where a refund could have prevented major headaches, negative reviews, and even a potential malpractice lawsuit. I also break down:
- Why refunding a patient's money is sometimes the best business decision
- How this flexibility helps protect your practice from bad faith disputes
- How refunds build long-term trust and improve your reputation
If you're a physician considering a cash-based or direct-care practice, this episode will help you understand how having control over financial policies can protect your career and reduce liability.
----------------------------
Thanks for tuning in to the Digital Nomad Physician podcast! If you're a physician looking to build more freedom into your career—whether it's through starting a virtual practice, transitioning to a cash-based model, or exploring alternative careers—you'll find tons of resources on my website.
👉 Check out DigitalNomadPhysician.com for blog articles, coaching, and my course on launching your own online medical practice.
Looking for personalized guidance? I offer 1:1 coaching for physicians and nurse practitioners navigating career changes, medical board issues, and financial independence.
Follow me on YouTube @DigitalNomadPhysicians
And if you enjoyed this episode, leave a review or share it with a fellow physician!