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276: How to Go Insurance-Free in 2025: A Physician's Survival Guide

BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

Release Date: 11/13/2024

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: My Financial Coach You trained to save lives who’s helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it’s crushing student loans, optimizing investments, or planning for retirement, you’ll get a personalized strategy built around your goals. Save for a vacation home, fund your child’s education, or prepare for life’s surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit:...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: My Financial Coach You trained to save lives who’s helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it’s crushing student loans, optimizing investments, or planning for retirement, you’ll get a personalized strategy built around your goals. Save for a vacation home, fund your child’s education, or prepare for life’s surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit: to meet your...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life Insurance Set For Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at . ____________ Dr. Mike Woo-Ming shares the "Let Them Theory" from Mel Robbins’ book Let Them on the Bootstrap MD podcast. This mindset helps physicians release the need to control others’ opinions, freeing...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life Insurance Set For Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at . ____________ In this episode, Dr. Mike Woo-Ming guides physician entrepreneurs on choosing between writing a book, creating a course, or starting a coaching program. He breaks down each option’s time, tech, marketing, and...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life Insurance Set For Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at . ___________ In this episode, Dr. Mike Woo-Ming reflects on the Momentum MD Spring Retreat, a powerful gathering of physician entrepreneurs, CEOs, clinic owners, and coaches in Las Vegas. The retreat went beyond business...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

Starting a side gig as a physician entrepreneur is exciting but challenging, especially when productivity pitfalls get in the way. In this episode, Dr. Mike Woo-Ming breaks down nine productivity killers that can derail your progress, including lack of motivation, unclear goals, and technology distractions. Drawing from his own experience as a physician and business owner, he offers actionable solutions like time blocking, setting SMART goals, and prioritizing high-impact tasks to help you stay on track. Whether you’re launching a coaching practice, online course, or other venture, these...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

Sponsored by: Set For Life Set For Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at ______________ In this episode, Dr. Mike Woo-Ming dives into the power of physician authorship and how writing a book can elevate your career as a healthcare entrepreneur. From building content-based trust to commanding higher fees for speaking and...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at . __________ Telemedicine is transforming healthcare, and physicians are at the forefront of this revolution. In this episode, Dr. Mike Woo-Ming welcomes back Dr. Suneer Chander and Dr. Takashi Nakamura, founders of Air Physician...

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BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at .   ______ Building a physician coaching or consulting business is rewarding, but without clients, it’s tough to succeed. In this episode, Dr. Mike Woo-Ming dives into seven free strategies to help you attract clients and scale...

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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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