Become the CEO of Your Life: How to build an Independent Private Practice_OnDemand-Recording_Become the CEO of Your Life How to build an Independent Private Practice

Video Transcription

Video Summary

In this webinar, Dr. Allison Wyman shares her journey in establishing an independent private practice focused on urogynecology. She outlines the steps she took from working in academics to initiating her practice, Florida Urogynecology Specialists. Dr. Wyman provides insight into hospital relationships, particularly income guarantees, which offer a hospital-supported initial salary or startup costs, relieving financial pressure during early practice stages. She emphasizes the significance of having a solid business plan and understanding the hospital's geographical needs, as well as employing creative strategies like leveraging industry partnerships and utilizing innovative tools such as virtual assistants to enhance operational efficiency and patient outreach. Furthermore, Dr. Wyman stresses the importance of employing a dedicated team that shares her vision, noting three crucial roles: a chief operating officer, a healthcare-specific lawyer, and a CPA. She advises using services like those from Spruce for phone communications and Edge for hiring qualified virtual assistants. In a discussion and Q&A session, Dr. Wyman answers various questions, including managing non-compete clauses, the division of her time between multiple offices, and how she utilizes nurse practitioners and PAs to maximize her practice's efficiency and reach. Dr. Wyman's insights serve as a valuable resource for physicians considering transitioning to a private practice with an entrepreneurial approach.

Keywords

urogynecology

private practice

hospital relationships

income guarantees

business plan

virtual assistants

operational efficiency

team roles

non-compete clauses

entrepreneurial approach