All physicians understand that the gradual disintegration of private medical practice in our nation is already happening and that our government continues to take complete control of health care and the medical profession by any means possible. Physicians in medical practice (both employed and independent) are reaching a level of intolerable strain imposed by fee restrictions and medical practice mandates, among other challenges.
All of these issues result from one core …
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Having an ambitious understanding that small private medical practice businesses are the “belt and suspenders” that enable your medical career to approach your elite expectations for your medical career success is only part of your drive toward an illustrious medical career.
Your medical training, knowledge, and skills are how you grow, expand, maintain, and earn income. Physicians have struggled for decades to weave these two pillars into a highly functional, well-oiled, …
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Purposeful disregard for business education tears away the only platform that guarantees the highest incomes in private medical practice.
Along with the other challenges that continually reinforce physicians’ financial problems, the indoctrination of all medical students and later physicians with the “groupthink” myth that has been destroying physician practice careers for the last century is added to the list. You know, “You can practice medicine without a business education.”
The fact that …
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Practicing physicians have been extremely lucky over the last century to have survived financially in the health care system to the degree that they have today. Judging from my 25 years of medical practice research and 40 years of clinical medical practice experience, I have been watching the self-disintegration of most physicians’ value to the profession.
Your personal values become hostage to the Medical-Industrial Complex or Medical Deep State. Just the …
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Quitting your practice rarely happens when you have a backup support system in place. Have you ever wondered why so many of our physician associates are permanently leaving medical practice intentionally or rapidly jumping into medical practice employment positions without hesitation? The temptations are enormous.
Our business advisors, medical literature, and articles exposure pound us with jobs outside of medical practice on the fringes. But who wants to start a new …
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Unfortunately, the widespread financial opinions and advice to private medical practice physicians suffering from inadequate practice income today are dominated by a tsunami of experts outside of the medical profession. This includes the administrators and medical education scholars who are in the perfect position not only to diagnose the core problem but also to correct the core cause. So, why haven’t they done it?
Over the last two decades of increasing …
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Where I stand today regarding my forty years in clinical medical practice forces me to say things that every physician can personally relate to. After all, we old guys frequently languish in dispensing medical advice to our peers. Most of it comes from the heart.
We all adhere to the presumption that the “best doctors” are derived from an inner desire to help people with health care problems while relying on …
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Isn’t it incredible that generations of physicians today still do not know how to make money in a professional business way that is easy to learn, implement, and use?
Aside from the fact that every medical school in our nation over the last century has refused to even tell medical students that they would benefit from business education, you’d think that they had somehow been blinded to the fact that all …
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Who could imagine that physicians born with an enigmatic passion to be in a position where the health of our civilization depends on them would be caught in so many obstructive and despicable circumstances that have led to increasing attrition of physicians in clinical medical practice. It is not so much about the overwhelming challenges that physicians are expected to overcome, but far more about the fact that our government, …
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Are you happy and satisfied with your private medical practice today? Over 65 percent of physicians admit they aren’t. Such a high percentage is indicative of serious problems within the medical profession that aren’t being resolved. These issues are increasing, not decreasing.
Some believe it’s the result of several stress factors among practicing physicians stemming from variable pressure-inciting sources inside and outside the medical practice business. Others sanctify their distress and …
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Scientists refer to this seeming paradox as being derived from the nature of quantum reality and Heisenberg’s Uncertainty Principle. Ignorance can be a “strength.” For example, when we want to identify someone, the photons that arrive at our retinas will be different depending on the many other factors surrounding that person.
However, we tend to disregard most of the objects, colors, or obstacles in the way and conclude that it is …
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My own hundreds of medical articles floating around in the media today about business education being the rigorous standard for profitable and successful businesses, such as private medical practice business, seem to be unworthy for consideration by the dominant leadership in medical school education.
But when I find myself being sucked into reading deep thoughts uttered by world-renowned business experts such as Dan S. Kennedy, Peter Drucker, Maxwell Maltz, MD, Michael …
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Dr. Osler was a physician who believed that dignified opinions in the medical profession created a destructive potential for the facts and truth about medical knowledge. The wisdom of his belief has traveled far beyond his time. In fact, his view of arrogant opinions has been dominating the medical profession far worse than one could imagine.
A profound example of the ignorance of the medical school education structure and the omissions …
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Physicians, particularly those who haven’t received business education, must address the frequently circulated question among their ranks: “Can you practice medicine without money?” Medical history unveils an era when most physicians were compensated through non-monetary means for their medical services and often went unpaid.
During that time, the choice to pursue a medical career was grounded in the personal belief that treating patients was the foremost aspiration for most physicians. Few …
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Every business, regardless of type, size, or structure, has one primary reason: to make profits. In economic theory, every business is successful exactly to the extent that it does something others cannot. Business profitability rises to the extent that universal business principles are adopted and integrated into the medical practice business.
Business growth, endurance, and increasing profits over time are possible only when business management principles and marketing strategies are embedded …
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The annual suicide rate of physicians over the past few decades has amounted to about 400 highly trained and competent American physicians per year and is now increasing. That wipes out about one large medical school four-year class each year in our nation.
Our medical school education system has for the last century rejected and intentionally prevented offering an academic business education to all medical students, which has unfortunately become a …
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“The cause of man’s problem is a lack of knowledge. It does not stem from a shortage of information but rather from the rejection of information.”
– Hosea 4:6
This event in medical history is one such lesson that describes the blinding of physicians to the realities of open-mindedness and the destructive potential that results from ignoring factual truth.
If it weren’t for the persistence and medical ingenuity of an early 1800s medical …
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Over a million intelligent American physicians are walking around in the medical practice environment today, patting themselves on the back while believing they have reached their ultimate success in medical practice. They have absolutely no idea that they have never come close to their optimal potential. It’s a tragedy that has been disregarded yet tolerated by medical school scholars and administrators for at least the last century.
What every physician should …
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Physicians today are being flooded with information about finding the best ways to increase their practice incomes. Secondary employment may be appropriate for desperate physicians in financial distress, but the usual short-term nature of such employment is shrouded with low income, covering unexpected hours outside agreements, weekends working, management issues, and being labeled as the “fill-in” doctor.
I say that because I worked at the local Planned Parenthood clinic for a …
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The most efficient method to increase patient flow and income in private medical practice is through handling physician referrals. Has anyone told you how to do that? I thought it would be a kind gesture for me to offer my version of how to make the strategy perform miracles for your practice.
So, what’s so hot about referrals? You get them occasionally without doing anything to attract them. What you may …
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