"Medical school and residency don’t prepare us for the realities of private practice"

Doctors aren’t trained to be businesspeople. Many are learning on the job:

“Most physicians know nothing about budgeting, marketing, billing and all the tasks involved in running a business.” Dr. Foxman estimated that he spends 25% of his time dealing with administrative issues.

The business aspects of private practice are almost as important as the medicine itself.

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