Dr. Mike Woo-Ming and Dr. Anne Truong tackle a pressing question on many physicians' minds: How will medical practices survive and thrive amid the sweeping healthcare changes coming in 2025? From the looming 2.8% Medicare reimbursement cut to the rising costs of running a practice, they reveal why more doctors are exploring alternatives to the traditional insurance-based model – and why some non-physician practitioners may already be ahead of the curve.

Drawing from their clinical and business experience, Drs. Woo-Ming and Truong unpack the surprising truth about cash-based practices: how they can lead to seeing fewer patients while earning more, why membership models might be medicine's "best-kept secret," and what healthcare entrepreneurs can learn from unlikely sources like Massage Envy. The episode offers a fascinating glimpse into how innovative physicians are reshaping their practices to succeed in an uncertain healthcare landscape.

Don't miss their exciting announcement about Cash Practice University: a brand-new training program that will show physicians exactly how to build their own thriving cash-based medical practice!

Cash Practice University (Call for beta group testers):
https://www.bootstrapmd.com/go/cpu

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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

Today we're exploring a book that has significantly influenced my approach to medicine and entrepreneurship - Ryan Holiday's "The Obstacle is the Way." As healthcare professionals, we face numerous challenges, from complex regulations to rapid technological changes. Today, we'll delve into how the ancient philosophy of Stoicism, as presented in Holiday's book, can provide us with powerful tools to navigate these obstacles. Drawing from my personal journey - from disillusioned family practitioner to multi-business entrepreneur - we'll discuss practical strategies for reframing challenges as opportunities and cultivating resilience.

In this episode, we'll examine how these Stoic principles can be applied in real-world healthcare scenarios. We'll look at historical examples, such as Fleming's discovery of penicillin, to illustrate how embracing obstacles can lead to groundbreaking innovations. Whether you're a physician considering entrepreneurship, an investor interested in healthcare, or simply seeking new ways to approach challenges in your medical career, this episode offers valuable insights. Join us as we explore how to transform regulatory hurdles, market competition, and technological disruptions into stepping stones for success in our ever-evolving healthcare landscape.

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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

Meet Dr. Ola Kolawole, aka “Dr. Ola”, a family medicine physician who has pivoted to help coaches boost their visibility and sales through innovative live studio events. Dr. Ola shares her journey from struggling wellness coach to founding the VIP Speaker Studio Experience, a unique platform that allows coaches to present in a professional studio setting with a virtual audience. She discusses the challenges many coaches face in marketing themselves and acquiring clients, revealing how her two-day event provides a complete package of services to enhance a coach's credibility and reach.

Dr. Ola delves into the details of her program, which includes speaker coaching, sales training, and a full media package with professional recordings and photography. She explains how the studio experience mimics high-end speaker setups used by industry leaders, giving coaches a powerful tool to stand out in a crowded market. With insights on the importance of visibility and the impact of professional presentations, this episode offers valuable strategies for physician entrepreneurs looking to elevate their coaching businesses and make a lasting impression on potential clients.

The ViP Speaker Studio Experience
https://vipstudiospeaker.com/

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PhysicianCoaches.com
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https://www.PhysicianCoaches.com

Are your texts causing office drama? Is your "instant" communication sabotaging your practice? In this must-hear episode of Bootstrap MD, physician communication expert Dr. Maiysha Clairborne reveals game-changing insights for doctor entrepreneurs. Discover the surprising impact of pandemic-era digital communication, learn a mind-bending email trick that could save your reputation, and uncover the hidden power of emotional intelligence in medicine.

Plus, find out the one communication mistake that's costing you respect, time, and money. Tune in for a masterclass in professional communication that will transform how you interact with patients, staff, and colleagues. Don't miss this career-altering episode – your practice might depend on it!

Dr. Maiysha Clairborne - Mind Remapping Academy
https://mindremappingacademy.com

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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

In this compelling follow-up to last week's popular episode, we welcome back Dr. Anne Truong to delve deeper into the transformative concept of scaling medical practices from one-to-one patient care to a one-to-many business model. Building on the foundation laid in part one, this episode explores advanced strategies and real-world applications, including creating online courses, growing your YouTube channel, automating patient education, and developing digital products. Dr. Truong shares additional insights on effective content strategies and leveraging expertise to attract ideal patients.

We address common challenges faced by physicians when implementing these strategies, offering practical solutions and mindset shifts to overcome them. They discuss the importance of niching down and becoming the go-to expert in a specific area, providing concrete examples of how to identify and dominate your medical niche. As a special bonus, Dr. Truong reveals her step-by-step process for creating high-converting landing pages and shares tips on balancing a traditional practice with a growing online presence. This episode is packed with actionable advice to help you expand your impact and income as a physician entrepreneur.

Join us in the upcoming Medical Practice Profits Challenge - Starts August 27!

Transform your medical career by learning how to practice from one to one to one to many!

For more details:

https://practiceprofitschallenge.com/

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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

We welcome back frequent guest and fan favorite, Dr. Anne Truong. A successful physiatrist and entrepreneur, Dr. Truong shares her latest insights on transforming medical practices into thriving businesses. Building on her previous appearances, she delves deeper into her journey from a traditional insurance-based model to a cash-based practice, and how she leveraged the challenges of the COVID-19 pandemic to create multiple income streams.

Listeners will gain valuable knowledge on transitioning from a one-to-one patient model to a scalable one-to-many approach. Dr. Truong offers fresh perspectives on creating membership-based services, harnessing the power of YouTube for medical professionals, and identifying untapped patient needs. Whether you're a long-time follower of Dr. Truong's advice or new to her strategies, this episode provides essential guidance for physicians looking to innovate their practices and expand their entrepreneurial horizons in today's dynamic healthcare landscape.

Join us in the upcoming Medical Practice Profits Challenge - Starts August 27!

Transform your medical career by learning how to practice from one to one to one to many!

For more details:

https://practiceprofitschallenge.com/

SUBSCRIBE TO OUR FREE NEWSLETTER - THE LOUNGE:
Get your weekly dose of tech trends, investment tips, and entrepreneurial insights designed for the ambitious physician!
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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

In this episode, I dive into a topic that's close to my heart - how to get motivated to become an entrepreneur. As physicians, we've already proven our drive by making it through medical school, but taking that leap into entrepreneurship can feel like a whole new challenge. I share some personal insights and strategies that have worked for me and my clients over the years.

If you've ever felt stuck in your career or dreamed of branching out on your own, this episode is for you. I break down five key tactics that can help you cross that chasm from employee to entrepreneur. Whether you're just starting to consider a change or you've been mulling it over for years, you'll find actionable advice to help kickstart your journey. Tune in to discover how to tap into your inner drive and take those first crucial steps towards entrepreneurship.

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PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com

I dive into a book that has taken the entrepreneurial world by storm over the past year - "Buy Back Your Time" by Dan Martell. As a physician entrepreneur myself, I've found the principles and strategies outlined in this book to be incredibly valuable, especially for those of us who often feel like there aren't enough hours in the day to accomplish everything we want to achieve.

Join me as I explore some of the key concepts from "Buy Back Your Time" that can help you reclaim your freedom, boost your productivity, and build the empire you've always dreamed of. Whether you're a busy doctor working for someone else or you're in the process of starting your own practice, this episode is packed with insights that can transform the way you approach your work and your life. Tune in to discover how you can start buying back your time today!

Subscribe to Our FREE Newsletter - THE LOUNGE:
Get your weekly dose of tech trends, investment tips, and entrepreneurial insights designed for the ambitious physician!
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Doc 2 Doc Lending - Affordable loans for the busy forward-thinking physician
https://www.bootstrapmd.com/doc2doc

PhysicianCoaches.com
The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors
https://www.PhysicianCoaches.com