Is it time for a planning session? Jack Welch, former Chairman and CEO of GE, was fond of saying: “see things the way they are, not the way you want them to be.” I’ll walk through some personal drivers and some industry drivers to consider. And if you need a one-on-one guide for the process, drop me a line and let’s find a date!

Good grief – is this the dreaded “Duct Tape DSO” concept again?! Well, maybe. There are a lot of successful solo practice owners who are having conversations with like-minded colleagues, but there’s a right way and wrong way to do this. I’ll walk you through our three-step process to making it happen. If you’re thinking about “going in with friends,” this is your episode!

There are a lot of tailwinds driving the industry into consolidation. I unpack the major ones on today’s show. We’ll talk through all of them in an effort to help you answer the key question: do the risks of growing outweigh the risks of staying solo?

For our free guides on growing your own group practice, click here: https://www.polarishealthcarepartners.com/tools

Building a group practice isn’t for the faint of heart – it’s not for everybody. That being said, the majority of the profession now practice in groups. Here are some compelling thoughts to consider in terms of “defensible strategy” if you’re going to build a group!

Download our free guide here: https://bit.ly/StartingAGroupPracticeGuide

This episode picks up where the prior one left off, so be sure to listen to that one first – or even a second time! If you’re preparing to grow your business through acquisitions, there’s a way to use debt and a way to use equity. I’ll break down how to use equity as currency and mitigate some of the cost of the rising rate of debt funds. This is a tool you should have in your toolbox.

Reach out to our experts for more assistance:

Capital Solutions Executive - John Pol

Executive and Partnership Consultant - Mark Flock [email protected]

Executive Consultant/Fractional COO - Adin Bradley

Are you ready to take the next step and execute your journey? Learn more about our MasterClasses here: https://www.polarishealthcarepartners.com/master-classes

Most economists are saying we’re going to enter a recession in the coming 12 months, so this is the time to prepare for growing your business through acquisitions. Getting your capital source committed and defined is critical, but what about a rate that’s TWICE as high and a breakup fee?! Well, let me break it all down for you…on today’s show!”

For more information, please contact our Capital Solutions Executive John Pol @ [email protected]

Are you ready to take the next step and execute your journey? Learn more about our MasterClasses here: https://www.polarishealthcarepartners.com/master-classes

We’ve been on the road a lot these last 6 weeks and there has been one MAJOR theme that has come up from the audiences lately…bank funding for growth. Yep. I’ll take you through the scenarios you’re probably all confronting and the landmine you’re about to step on. In an effort to help you out, I created a new, free service at Polaris, our “Debt Funding Audit.” You can email our Growth Capital Specialist, John Pol, directly at: [email protected]

As you can imagine, there is no “perfect solution” when it comes to Pathways to Partnership…but here’s a list of questions and considerations to ponder in an effort to get you closer to THE answer! And if you want to see it in a visual format, here’s a “cheat sheet” (https://bit.ly/CheatSheet_Ep41) you can download!

That…and I reveal our new website! Check it out here: www.polarishealthcarepartners.com

Yeah, that’s right – BUY-INS! They do have a place in group practices, and they should be a tool in your toolbox. When to use them and how to think about them? That’s what this show is all about. All of that plus a welcome to our newest team member, Kyle Carmody, and a sincere THANKS to the three key people behind Scaling from Clinician to CEO: Kay, Mike, and Rylee!”

Rachel Wall, Founder of Inspired Hygiene, sits down with Perrin and Dr. Mark Costes ahead of the “Scaling from Clinician to CEO” summit to take on that very subject. We talk hiring and retention, increasing efficiency and productivity, points to consider in a potential downturn…and a LOT more. Frankly, this is an interview we should’ve done a year ago. Thanks for waiting!