Episode 50 - My guest today is Matt Seefeld.  He’s the Executive Vice President of MedEvolve.  Matt helps physician groups stay independent and profitable. He is an expert in design and implementation of AI-driven workflow solutions and business analytics that drive transparency, accountability and automation for healthcare organizations.

He works with physician groups around the country to optimize the way they manage their revenue cycles and medical billing teams so they can reduce their cost to collect money, and to increase efficiency. The quality of a practice’s accounts receivable management directly impacts the organization’s net revenue and the ability to maintain a healthy balance sheet.  

Matt’s going to walk us through some key questions that we need to be able to answer in order to ensure we have a thriving business.  I guarantee that you’ll hear at least a few questions you won’t be able to answer.  As Matt will tell us, an inability to answer these questions could be costing us hundreds of thousands or even millions of dollars per year.  He’s going to help us maximize our revenue cycle, stop losing money we’ve rightfully earned, and have an efficient and profitable business so we can keep taking great care of our patients.

Resources from this episode

• Free Resource: 5 Critical Tools for Physician Leaders
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

Episode 49 - My guest this week is Dr. Brian Dooreck.  He’s a gastroenterologist in Florida that has seen revolutionary growth in his practice despite being in an incredibly competitive large metropolitan market.  He’s going to share his secret practice growth strategies today to help you level up your business.  

I know that the COVID pandemic and resultant shutdown really messed up a lot of clinical practices.  But, with the vaccine coming out and getting into mass distribution, we’re poised to take some incredible leaps this year as we get back to full speed in our business.  I think these strategies that Dr. Dooreck discusses are really going to help you grow your business so you can increase your ability to care for your patients.  This is highly practical and you should walk away with at least one or two very simple things that you can take action on starting this week to level up your business growth.  

Check out this week's free resources!

• Free Resource: Creating a One-Liner That Will Kickstart Your Business' Growth
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

Sunday Special 10 - I’m really pumped about today’s episode.  I feel like it’s wrong to have favorite podcast episodes, like you shouldn’t have favorite kids.  But, I’ll just say that this is one of the most inspiring conversations I’ve had on the sunday special yet.  Dr. K Kay Moody is an emergency medicine physician who’s had to overcome a lot of serious challenges.  

She’s battled hospital administrators who were making it harder to care for her patients.  She has battled leaders who wanted her to stay quiet instead of speaking out against bad practices.  And she’s dealt with people not taking her seriously because she’s a woman.  

Well, let me tell you, this conversation inspired me.  I want this discussion to give you courage.  If she can take a stand, then we all can.  God didn’t give us a spirit of timidity, but rather a spirit of power and love.  Dr. Moody has that in spades, and I think you’re really going to be inspired by her interview.

• Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionals
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Episode 48 - A lot of physicians I’ve talked to have had some bad experiences with private equity.  Maybe they got a big payout but they lost so much autonomy and had their workload increased so much that they ended up retiring or leaving the practice because they just couldn’t stand the working conditions.  But, I’ve talked with other docs that said the private equity deal they did was fantastic.  They got a big payout, they’ve grown their business faster than they thought possible, and the equity company is a great partner that just wants them to be able to practice great medicine on the doctors’ terms.  I'm grateful to have Mark Rieboldt of The Coker Group on the podcast today to talk about private equity deals.

Not every private equity deal is bad. If you do your due diligence, a private equity deal could end up being a great opportunity for your business.  I would encourage you to not reject every PE deal out of hand, but take each opportunity on a case by case basis.  Listen to the podcast episode today to learn all about private equity and decide if it's a good move for your business.

Resources from this episode

• Free Resource: The Scope of Practice Reading List
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

Episode 47 (bonus) - If COVID-19 has wreaked havoc on your life, you probably find parts of your life feeling off-balance.  Most physicians I talk to have felt that way for months!  Dr. Dawn Baker has written extensively about how to find and maintain work/life balance, and she joins us on The Scope of Practice Podcast today to share her insights.

What if you could feel like you are totally balanced between all the parts of your life?  What would it take?  What would you give for that?  Dr. Baker has some answers for you, and best of all, it's totally free.  In fact, it's better than that because it all comes directly from you!  Your ability to achieve balance is not out of reach.

Dr. Baker drops some incredible wisdom regarding achieving financial independence, the importance of good mentors, the value of self-knowledge, and (my favorite) how to avoid the "Hedonic Treadmill of Achievement."  This conversation will encourage and inspire you!

• Free Resource: Creating a Personal Mission Statement
• This week's blog post: Work/Life Balance - Fantasy or Reality?
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!
• FREE disability insurance quotes from Pattern: www.thescopeofpractice.com/pattern

Episode 47 - Today’s guest is Dr. Sandy Weitz.  Dr. Weitz is a pain management specialist who started her own private practice and grew it to 11 providers. She built a 25,000 square foot medical office building to house her clinic and multi-specialty ambulatory surgery center. Dr. Weitz also owned an anesthesia company, imaging center as well as several other vertically integrated medical businesses. She ultimately sold several of her businesses to various partners and retired at 53.  

That all sounds amazing, and it is, but it wasn’t without its challenges, as you’ll hear her discuss.  Since retiring, Dr. Weitz is teaching other physicians the business of medicine. She is showing them how to maximize their earnings potential by leveraging their core medical practice to segue into other business initiatives.  This is going be an episode worth bookmarking to return to over and over.  I’m telling you, you won’t want to miss out on this discussion.

Free resources

• Free Guide: The 10 Day Simple Clinic Makeover
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

• Free Resource: Creating Your Personal Mission Statement
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

Episode 45 - We’ve talked a lot this month about business and leadership, and today I want to delve into how we balance that drive and ambition with family pursuits.  We all want to be devoted spouses and parents, but our careers demand a lot of time and energy.  So, how do we strike a balance between those two?  Dr. Hala Sabry has extensive experience in that as a physician mom of 5 kids and a serial entrepreneur.  I think you’ll really relate to her struggles and hopefully you’ll get some ideas for how to maintain that sense of balance in your own life. Enjoy part 3 of my four part series with her.

• Free Resource: 5 Financial Decisions All Couples Should Make Together
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books

Episode 44 (bonus) - How do we navigate a social media landscape that is confusing, scary, and overwhelming?  15 years ago, it was just Facebook, but now there are over a dozen platforms.  We can't just ignore it, either.  Business is increasingly going digital, and a lot of community-building happens digitally too.

Fortunately, Dr. Dana Corriel has the answers.  She is the founder of Doctors on Social Media, also known as SoMeDocs.  In this episode, she walks us through the strategy to create a legendary social media presence.  You CAN take control of your digital footprint!  It should be enjoyable, fruitful, and advance your business and career.

This is a great conversation, and you'll definitely learn things that you didn't know before.  This isn't coming from a self-styled "social media expert."  Dr. Corriel is ACTUALLY an expert when it comes to building amazing physician brands online.

• Free Resource: Creating a One-Liner that Will Kickstart Your Business' Growth
• Free Resource: The Specialist Series
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!
• Featured blog post: 5 Big Mistakes Physicians Make with Social Media

Episode 44 - Most financial plans center around spending no money or making a ton of extra money to achieve your goals.  Dr. Disha Spath, also known as The Frugal Physician, comes on the podcast today to show us how smart money choices give us financial security without limiting our choices or preventing us from having fun.

She and her husband got rid of three quarters of a million dollars in debt by making some sacrifices, making tough choices, and just deciding to do things differently.  Conventional wisdom leads to normal results.  Dr. Spath talks about how bucking trends and making smart money choices will lead to uncommon success.  You'll love this episode, and you'll be inspired to create your own incredible finance journey!

Resources from this episode:

• Free Resource: How to Crush Your Student Loans
• Join the Business and Personal Finance for Physicians and Dentists Facebook Group!
• Check out the Doctor Podcast Network!
• One-on-one personal finance and business coaching: Click here and email me to set up a free consultation today!

Check out the additional free resources available at The Scope of Practice!

• Business management resources
• Personal finance resources
• Podcasting resources
• Recommended online courses
• Recommended books