Description
Dr. Mike Woo-Ming and Dr. Anne Truong tackle a pressing question on many physicians' minds: How will medical practices survive and thrive amid the sweeping healthcare changes coming in 2025? From the looming 2.8% Medicare reimbursement cut to the rising costs of running a practice, they reveal why more doctors are exploring alternatives to the traditional insurance-based model – and why some non-physician practitioners may already be ahead of the curve.
Drawing from their clinical and business experience, Drs. Woo-Ming and Truong unpack the surprising truth about cash-based practices: how they can lead to seeing fewer patients while earning more, why membership models might be medicine's "best-kept secret," and what healthcare entrepreneurs can learn from unlikely sources like Massage Envy. The episode offers a fascinating glimpse into how innovative physicians are reshaping their practices to succeed in an uncertain healthcare landscape.
Don't miss their exciting announcement about Cash Practice University: a brand-new training program that will show physicians exactly how to build their own thriving cash-based medical practice!
Cash Practice University (Call for beta group testers):
https://www.bootstrapmd.com/go/cpu
SUBSCRIBE TO OUR FREE NEWSLETTER - THE LOUNGE:
Get your weekly dose of tech trends, investment tips, and entrepreneurial insights designed for the ambitious physician!
https://www.bootstrapmd.com/thelounge
Our Podcast Sponsor:
Doc 2 Doc Lending - Affordable loans for the busy forward-thinking physician
https://www.bootstrapmd.com/doc2doc
PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com
Today we're exploring a book that has significantly influenced my approach to medicine and entrepreneurship - Ryan Holiday's "The Obstacle is the Way." As healthcare professionals, we face numerous challenges, from complex regulations to rapid technological changes. Today, we'll delve into how...
Published 10/09/24
Meet Dr. Ola Kolawole, aka “Dr. Ola”, a family medicine physician who has pivoted to help coaches boost their visibility and sales through innovative live studio events. Dr. Ola shares her journey from struggling wellness coach to founding the VIP Speaker Studio Experience, a unique platform that...
Published 09/25/24