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It is always amazing to me how many physicians do not buy their own real estate in the first couple of years of practice. I have heard physicians say it is too expensive, they just want to rent, they are too busy to look into the area or they do not know much about real estate. Working too hard and not having enough time to research this area are poor excuses.
Real estate is the number one long-term, wealth-building vehicle available to all physicians. Look around at your most growing areas. New medical office buildings and projects are sprouting up everywhere.
12,014 reads | 0 comments | 04/03/2008
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24,234 reads | 0 comments | 02/03/2008
Heel pain is the single most common reason that patients seek out the care of podiatric physicians. Estimates state that more than 15 million Americans suffer with heel pain and emerging technologies for treatment have ballooned over the past seven years. However, many of these technologies are expensive and may not be covered by all insurance companies. Therefore, it is incumbent upon the podiatric physician not only to know the practice guidelines of the American College of Foot and Ankle Surgeons (ACFAS) for the treatment of heel pain but also the financial considerations for patients wit| Continue reading
5,939 reads | 0 comments | 12/03/2007
Many people are faced with the stress of “so much to do and so little time.” They blame poor time management as the culprit when, in fact, the underlying issue in many cases is their inability to properly delegate tasks. They have a need to do it all themselves when there are others who can and are willing to lend a hand. Are you one of those people? Face it: there is only so much you can do to add value to your practice without enlisting the help of others. If you find you are among the many who would “rather do it yourself,” you will also find that sooner or later| Continue reading
4,815 reads | 0 comments | 08/03/2007
If there is one thing that I have learned in the past eight years that I did not know in my first six years of practice, it is this: work does not have to be full tilt stress. In the past two years, I have nearly perfected this motto. While I am certain there is still room for improvement, I would like to share some of the changes that allow me to maintain my level of desired profit while minimizing the stress along the way.
Let me first warn you that some of what I want to share may be controversial. Some ideas stray far from the commonly accepted ideas of many specialists. They ma
17,567 reads | 0 comments | 06/03/2007
10,830 reads | 0 comments | 04/03/2007
Podiatrists in private practice really have two jobs: taking care of foot and ankle problems, and running a business that makes a profit. While the science and art of solving various pedal problems are described elsewhere in this publication, we will offer a closer look at the second component of being a podiatrist, namely running the business.| Continue reading
9,926 reads | 0 comments | 02/03/2007
As I was channel surfing the other night, something caught my eye. It was the Discovery channel and I was looking at a huge herd of some hoofed animal. They looked pleasant enough and at peace with the world. Then a lioness came out of nowhere and whacked one of the older animals. Indeed, this particular life and death struggle on the Serengeti reminds me of why a group practice makes so much sense today. That lioness could just as easily have been an insurance company executive and the herd could have been the group practice. In this case, the herd| Continue reading
10,125 reads | 0 comments | 12/03/2006
5,824 reads | 0 comments | 10/03/2006
The excitement has been building for months. The whole family has been packing, reviewing brochures, talking about the spectacular scenery and preparing for what they expect to be the vacation of a lifetime. The day of departure arrives and the whole family loads into the packed station wagon for the fun-filled, two-week adventure. Starting down the road, you have a general idea of the direction of your destination but nothing more. Who needs a map? Just head south and ask at convenience stores along the way. The locals are always helpful. Would you e| Continue reading
21,239 reads | 0 comments | 06/03/2006
When I was in podiatry school 20-something years ago, there was a podiatrist on the faculty who was very impressive to me. He wore stylish clothes, drove a Mercedes convertible and took vacations to Australia. One day, I asked him: “What does it take to have a successful career as a podiatrist?” The doctor looked me square in the eye and said “Son, it only takes two things to be a successful podiatrist. One, you have to have a touch of gray hair so that you look experienced. Two, you need to have a couple of hemorrhoids so you look … concerned.” I did not want to wait for the gray| Continue reading