Challenges you’ll face when starting a private medical practice
Despite advantages to private practice, fewer physicians are choosing to open their own practice than ever before.
Flexibility, autonomy in business and professional decisions, and the ability to offer more personalized care are only a handful of the many benefits associated with starting a private medical practice. But despite the evident advantages, fewer physicians are choosing to open their own practice than ever before
What’s behind the massive drop? In addition to the hassle of dealing with insurance companies and navigating changes in the healthcare industry, establishing an independent practice can be both complicated and costly.
While medical school may have trained you to become a doctor, it may not have prepared you for the obstacles involved with starting and successfully running your own business. If you are thinking of embarking on the exciting but complex process of starting your own medical practice, here are 6 startup and operational challenges to prepare for:
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
