Product Description

Join us for Season Eight of the Enhance Your Practice podcast.

Season Eight: Investing in Your Practice and You

Investing in a practice and investing for the future are connected decisions, but they require different kinds of analysis. This season examines the financial judgment behind private practice financing, real estate, new office technology, and personal financial well-being. Guests share perspectives on funding a practice without a traditional loan, evaluating real estate as an investment, and considering whether a new technology is likely to deliver value relative to its costs. The discussions also address how surgeons can develop a more intentional relationship with personal finances as their careers evolve. Across these episodes, the emphasis is on evaluating tradeoffs, understanding risk, and connecting financial decisions to clearly defined professional and personal goals rather than pursuing growth for its own sake.

This season includes the following episodes:

Episode 40 | How I Financed My Private Practice Without a Loan

Opening a plastic surgery practice often comes with concerns about startup costs, financial risk, and the pressure to invest in expensive facilities, equipment, and staffing. A more conservative approach focuses on controlling overhead, prioritizing essential expenses, and allowing the practice to expand as patient volume and revenue increase.

Host: Ash Patel, MD

Guest: John Apostolides, MD

Published: 01/29/2021

Episode 41 | Real Estate: Choosing the Right Investment

Commercial real estate can offer plastic surgeons opportunities to establish a practice location, expand clinical operations, or diversify their investments. Whether purchasing medical office space, developing a surgical facility, or investing in income-producing property, understanding market conditions, financing options, and long-term value is essential to making informed decisions.

Host: Ash Patel, MD

Guest: Nathan McElroy of Marcus & Millichap

Published: 01/29/2021

Check out these additional resources, advisors, and commercial properties available now.

If you have additional questions please contact Nathan McElroy.

Email: Nathan.McElroy@MarcusMillichap.com

Office: 919-674-1106

Cell: 9191-805-6204

Episode 42 | Measuring the ROI of New Technologies in Your Office

Investing in new technology requires more than comparing purchase prices and potential revenue. For plastic surgeons, evaluating return on investment also means considering clinical applications, training requirements, workflow improvements, and benefits to patients. Portable ultrasound offers an example of how a relatively accessible technology may provide value across multiple aspects of surgical practice.

Host: Ash Patel, MD

Guest: John Lindsay, MD

Published: 01/29/2021

Episode 43 | The Journey to Financial Well Being

Transitioning from residency to independent practice often brings a significant increase in income, but it can also introduce new financial responsibilities. Managing student loan debt, building savings, investing for the future, and protecting family finances all require thoughtful planning. Developing financial literacy early can help plastic surgeons reduce financial stress and create greater flexibility throughout their careers.

Host: Ash Patel, MD

Guest: Jordan Frey, MD

Published: 01/29/2021

ABMS Core Competencies

The following ABMS core competencies will be addressed:

• Professionalism
• Systems-Based Practice

Accreditation

This course is not accredited for AMA PRA Category 1 credit.

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