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Dropped My EHR for Google Workspace
When I opened my practice in 2021, I checked out a couple of different cloud-based electronic health record (EHR) systems: DrChrono, Athena, and Modernizing Medicine. I ended up choosing DrChrono, which is easy to use and feature-rich. However, my practice has evolved over the past 3 years, and despite DrChrono already being a very lean…
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Competitive analysis using Google Maps and CMS data
One of the most important part of any business plan is the competitive analysis. There are consulting agencies that will do this for you, but they cost thousands of dollars. I found that using Google Maps to identify the names and locations of my competitors along with the Medicare Physician & Other Practitioner Look-up Tool…
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Getting a home loan as a physician business owner
Like many millennials, I had a very difficult time finding a home for our family. List prices and availability were already hurdles, but I thought I would at least be able to take advantage of so-called “doctor loans”. However, I was disappointed to find that being a business owner disqualified me from this particular lending…
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DIY pain management procedure kit
I use the vendor Henry Schein to purchase the majority of the supplies I need to run a private practice, and have had a generally positive experience with them. However, over the past couple of years, certain items that are critical to performing pain management procedures have been difficult to obtain due to “supply chain…
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Small business loans for doctors
Before starting my own journey into private practice, I asked my friends and colleagues who had opened private practices of their own how much money I needed to get started. The number that most of them told me was $300,000. I kept this number in mind when I started drafting the business plan that I…
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Choosing business bank accounts
One of the first accounts I opened for my new business was a business checking account. This account serves as the primary place for me to deposit money earned, and pay for business expenses. I primarily use Chase because I think they have one of the best mobile apps, and I frequently use built-in app…
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Setting up a business entity
Going from a salaried, W2-employee to setting up a business can be daunting for a physician. There are several steps required to legally form a business entity recognized by the Internal Revenue Service, and then set up accounts and services to efficiently run the business. Luckily, it’s really not hard to get this done properly…
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Why private practice?
My journey into private practice began unexpectedly and progressed quickly. Coming out of residency and fellowship training, I had what I thought was a stable job as both an anesthesiologist and pain management specialist for a large hospital-based group. My salary was competitive, the work was predictable, and I enjoyed my colleagues. I considered the…
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Private Practice Pain Doc 