Your decision to remain in private practice is totally up to you. But ask yourself why, and what you’re really trying to accomplish.
This is a question that I have both been asked, and ask prospective clients all the time.
The reason for this should be readily apparent. Unless you know precisely the hours you want to work, the ideal patient you want to attract, and the amount of dollars you wish to generate in your practice, your outcome is likely to be poor!
Harsh words? You bet. But this is the reality of today’s private practice.
As I say frequently, the lines have been drawn in the sand. We all know that the repercussions of government invasion into the doctor/therapist-patient relationship will have profound consequences.
All of these things mean there is a dramatic difference between the practices of public versus private healthcare. Working for any public facility likely means all these critical decisions are made for you. You simply show up, and collect a paycheck. If that’s your choice, there’s nothing wrong with that at all.
Your decision to remain in private practice is totally up to you. But ask yourself why, and what you’re really trying to accomplish. For me, the answer is easy. Much like you, I am fiercely independent and unemployable by anybody else.
I can’t stomach the concept of the government, insurance carrier, or somebody else telling me how to run or live my business or private life.
In my private practice, that means that if the patient would benefit from a treatment that a third-party considers not medically necessary, I’ll discuss the potential benefits, any risks will be explained, and, more often than not, the patient accepts our recommendations.
And they pay handsomely for these services.
Why is this? Simply because I’ve chosen from the outset to be an absolute expert at what I do.
Unfortunately, too many practitioners—and, worse yet, students—are unaware of the realities of running any private business, and all the necessary private practice ownership details.
So what exactly is your private practice business model?
If you’re not 100% sure, what are you waiting for? You’d best figure that out before you spend another day in your private practice.
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