Provide: The Path to Owning It

In a field where helping others is one’s daily routine, the irony is that so many healthcare providers don't seek help themselves when they need it.

May is Mental Health Awareness Month; and in this episode, we're attempting to remove the stigma around discussing one's mental health, because in the healthcare industry, the need is seemingly greater than in others.

The statistics are shocking: Healthcare providers rank at No. 11 on the Center for Disease Control’s list of the top 30 occupations likely to die by suicide. Another 2019 CDC study shows veterinarians are between two and four times more likely to die by suicide than the general population.

Our guest in this episode is Laura Magnuson, the vice president of clinical engagement and a licensed associate marriage and family therapist at Talkspace. As a Mental Health First Aid instructor, she is passionate about mental health education and how that translates into an effective and healthy workspace. 

Together, we'll discuss:

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

Thirty years ago, if you were starting or acquiring your first animal hospital, it was common to introduce yourself to competing owners to seek their advice.

Now, there are many other informative resources for aspiring hospital owners.

This week, we're embracing traditional ideals, introducing two established providers in animal care to discuss what they’ve learned from their professional journeys and what they would do differently if they were to do it all over again.

Dr. Dan Markwalder, DVM, has been a veterinarian for 33 years and, for 28 years, has owned and operated a number of companion animal hospitals in and around the Chicagoland area. Now he’s partnered with Mission Veterinary Partners as their chief veterinary officer. 

Dr. Peter Weinstein, DVM, has worked in the field of veterinary medicine from an early role as a 15-year-old kennel kid to a hospital owner. He has assumed leadership roles, including presidencies at Southern California VMA, California VMA, and Vet Partners. Currently, he is also teaching business and finance at the Veterinary College of Western University of Health Sciences.

Together, we'll discuss:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

For hospital owners, associate buy-ins can be an important tool for retaining top talent and planning for retirement.

For veterinary associates, it can be the next step toward owning your future.

No matter which side of the fence you’re on, a buy-in opportunity could be the right decision for you.

In this episode, we're breaking down buy-ins with one of the industry's leading experts, Ed Guiducci.

Ed is a veterinary business attorney who represents veterinarians in a variety of hospital transactions. He's often called upon to advise veterinarians on the best legal structure for their hospital; merging, buying, and selling veterinary hospitals; and structuring associate, owner, and buy-in agreements.

Together, we'll discuss:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

Deciding to build your own healthcare facility is a big decision.

Realistically, it's just the start of a long, nuanced journey.

Working with a partner who specializes in the healthcare industry can potentially save you hundreds of thousands of dollars and months of delays.

In this episode, we're talking to Ron Evans and Joe Golden from Cadre Construction, a Texas-based general contractor providing a one-stop shop for commercial construction, real estate, and architecture expertise.

Their firm specializes in designing and building healthcare facilities that meet providers' needs.

They'll explain:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

If you go too big, you're locking yourself into an expensive lease that could limit your cash flow.

If you go too small, you could stunt your growth and trap yourself in a space that feels tighter by the day.

Healthcare providers face a crucial imperative to get it "just right" when they hunt for commercial real estate. And that's certainly heightened by current market challenges, the impact of high-demand locations on success, and the balancing act of space versus budget.

In this episode, we're talking to Stephen Strecker, president and founder at Tower Realty Partners, who has helped hundreds of healthcare providers find real estate to open their first practice, purchase a building to relocate, or open a second practice.

Together, we'll discuss:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

If a practice owner's team is their most important resource, then managing that team effectively should be a top priority.

Given the complexity of national employment laws and local requirements, the DIY approach to HR can pose a lot of challenges.

In the event of an error – even an innocent mistake – a lawsuit can easily result.

In this episode, we're talking to Ali Oromchian, co-founder and CEO at HR for Health, founding attorney at Dental and Medical Counsel, PC, and acclaimed thought leader in the healthcare industry. 

We'll discuss the primary functions of HR in healthcare like hiring and handling terminations, and managing HR in the business.

Ali will share with us:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

With women now constituting more than 80% of veterinary industry professionals, the industry is radically different from last generation's status quo.

While there are more opportunities for women than ever before, female representation among hospital owners and executives still lags behind the curve.

In this episode, we're talking to Dr. Sarah Baker, DVM and owner of Lane Veterinary in the Chicagoland area, to learn about her journey to hospital ownership.

She recently opened her animal hospital and proudly obtained the Fear Free Certification and American Animal Hospital Association accreditation within months of opening her doors. She currently holds a seat on the board of directors at the Hinsdale Humane Society, frequently fosters pets, and feels passionately about supporting animal rescues.

She'll offer advice for aspiring animal hospital owners and explain:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

Let's be honest. It’s not every day that you have to hire an attorney.

It can be an intimidating process filled with new jargon, details, and processes to which you may have never been exposed, and it's also super important to get it right.

In this episode, we're speaking with Matt LaMaster, a Michigan-based healthcare attorney, to discuss the importance of hiring an industry-specific attorney and the specific advantages for dentists and veterinarians.

Prior to forming LaMaster Law, Matt spent a major part of his career providing services as corporate counsel for a multi-location dental practice. He negotiated, structured, and implemented multiple acquisitions and mergers, and negotiated employment contracts for associate dentists during his career as corporate counsel.

We'll discuss:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

Marketing is one of those things that's easy to take for granted; that is, until you experience great marketing, and then it's hard to live without it.

But, in 2024, marketing is more than just mailers, social media, or ad buys. It can be all those things and more or — none of them.

Most importantly, though, savvy marketing is about gleaning pivotal insights from real-time data about your customers and using those insights to drive your marketing strategy.

In this episode, we're talking with Shayne Harris and Nate Woudstra from EOS Healthcare Marketing, a premier nationally-renowned healthcare marketing agency.

Shayne is the founder and CEO and opened the full-service marketing firm in 2001. Nate joined the team in 2016.

Together, they'll tell us:

Are you ready to take control of your future and start building your legacy? Visit ⁠getprovide.com/start/the-path-to-owning-it to pre-qualify⁠ for financing in as little as two minutes, with no impact on your credit score.

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.

Nothing moves through a dental office faster than supplies.

Managing inventory is a huge job with major impacts on the bottom line.

If something runs out — work in the practice could grind to a halt.

Far too often; however, the inventory management system is held together by one person, a ton of Post-It notes, and some phone numbers in a smartphone. Albeit to say it's less than ideal and could leave you exposed.

In this episode, we're talking to Jordyn Levitas from Torch Dental, an all-in-one supply ordering platform where dental offices can discover, research, order supplies, and pay for everything all in one place.

When Jordyn started with Torch Dental five years ago, they were fewer than 10 people in a WeWork space in New York City. Today, they have more than 100 employees across the country helping dentists take control of their practices, operations and supply ordering so they can focus on what matters most: their patients. 

We'll discuss:

Click here to claim your $300 credit with Torch Dental!

Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.