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
251: COVID Crippled My Clinic: How I Reinvented Myself to 10X My Medical Practice with Anne Truong, MD Part 1
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
What if you could work just 24 hours a week seeing only 5-7 patients daily, yet generate over 7 figures in monthly practice revenue? Dr. Anne Truong, insurance-based now turned cash-based private practice owner, reveals how she leveraged her 25+ years of medical experience to pull off this enviable scenario after nearly suffering a mental breakdown from 70+ hour workweeks tangled in insurance headaches. This multi-award-winning doctor and influencer spilled hard-won secrets on escaping practice burnout. You’ll discover how Dr. Truong reinvented her clinic after COVID killed patient...
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250: Stand Out as THE Medical Practice in Your Area with Reuben Rock
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Struggling to grow your practice online? Reuben Rock brings the answers. This 20+ year search ad expert knows medical marketing. Learn which lucrative treatments respond best to paid search, how to craft focused landing pages, budgeting secrets, and more! with digital ad expert Reuben Rock. Packed with tips to choose the right PPC partner, double conversion rates, and avoid return-killing mistakes, Reuben simplifies patient acquisition. Now is the time to start dominating Google and stealing market share! Tune in now to transform your digital presence. Book 3x More MedSpa Appointments Cheat...
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249: From Idea to Validation: A Blueprint for Physician Startups
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
As a physician entrepreneur, I struggled to systematically validate business ideas while still seeing patients. Over years advising doctor founders, I developed a step-by-step blueprint that accelerates the path from ideation to validated startup. Today, I’ll walk through my exact tactics to research needs, survey demand, evaluate competition, build audiences and develop minimum viable products for healthcare concepts. This is a peek inside my startup playbook forged from clinical frustrations and refined across dozens of business ventures I’ve helped build and launch. Join me in...
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248: Beyond the Stethoscope: A Doctor’s Journey to Finding Her Vision with Sarah Breen, DO
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Dr. Sarah Breen shares her journey from practicing pediatrician to becoming COO of the global company BREpic Network. She talks about how she was immersed into the entrepreneurial world through her husband, fell in love with the concept, and brought her communication strengths as a physician to become COO. Sarah provides insight into balancing her clinical work, family life, and new business endeavors. She advises doctors who feel stuck in their career to listen to their gut, try new things, and not be afraid to open new doors. Key Takeaway: You only live once - don't be afraid to explore...
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247: Hacking Productivity: Life Lessons from a NASA Doctor with Ann Tsung, MD MPH
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Today we are joined by a productivity expert, the amazing Dr. Ann Tsung, an emergency medicine physician, trained in critical care and aerospace medicine, works as a flight surgeon at NASA while also dedicating her time to working in the ICU and ER. With her busy schedule, she has managed to excel in multiple professional domains. Today, she will offer valuable insights on how physicians can find time for new business ventures and achieve a better work-life balance. Among the topics you will learn include overcoming the mindset that physicians are "stuck" due to demanding schedules,...
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246: The One Book That Should Be Required Reading in Medical School
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
In this episode of Bootstrap MD, we take a deep dive at “Never Split the Difference" by Chris Voss, a book that all physician entrepreneurs and even medical school graduates should read. Voss's book dives into the crucial skill of negotiation, an ability that we use multiple times a day. Throughout this recent podcast series, we’ve been sharing influential books that have impacted my life and career, and how these books can be beneficial to healthcare professionals. "Never Split the Difference" is a must-read for physician entrepreneurs looking to enhance their negotiation...
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245: Pros and Cons of 5 Online Business Models
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
As an online entrepreneur for over two decades, I have delved into various types of digital products and services that can be sold online. From selling ebooks, courses, coaching services, and even medical services, to generating revenue through affiliate marketing and advertisements on websites and blogs, I have witnessed the vast array of opportunities available. However, determining the best type of digital product or service to sell online often remains a common question. In this podcast episode, I aim to explore the advantages and disadvantages of different options, allowing you to make an...
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244: Why This 15 Year Old Book is a Must-Read for Physician Entrepreneurs
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
In the book "Ready, Fire, Aim: Zero to a Hundred Million in No Time Flat" by Michael Masterson, readers are introduced to a practical guide offering valuable insights on scaling businesses from scratch to 9 figure success. Published in 2008, Masterson presents a unique framework likening the growth stages of a business to the development of a human being, starting from infancy and progressing through childhood, adolescence, and finally, maturity. With this analogy, the book provides actionable strategies and advice to navigate each stage successfully. In this episode I discuss how this book...
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243: The Secret Sauce of Becoming the Visionary of a Global Company with Justin Breen
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
We delve into the remarkable story of Justin Breen, an author and entrepreneur who has found success through his exclusive connectivity platform, BR Epic Network, and is the CEO of global PR firm BREpic Communications. His first book, Epic Business, was a bestseller in six countries and No. 1 for Entrepreneurship in the US.. After meeting at a mastermind group, I read his latest book, "Epic Life," which reveals why he works exclusively with visionaries and that his true superpower is his wife, Dr. Sarah Breen, a pediatrician, who has also recently transitioned and collaborated on their new...
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242: Essential Principles Physician Entrepreneurs Can Learn from How to Get Rich by Felix Dennis
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
In this episode of BootstrapMD, we will be discussing a book that may go unnoticed among popular entrepreneur literature but has played a vital role in shaping my career as a physician entrepreneur. Published in 2006 by Felix Dennis, "How to Get Rich" offers insights and guidance that are imperative for individuals seeking financial success. Throughout this podcast, we will delve into the key takeaways and implications of Dennis' book, exploring how it can inspire and guide physician entrepreneurs in their pursuit of success. SUBSCRIBE TO OUR FREE NEWSLETTER - THE LOUNGE: Get your weekly...
info_outlineDr. 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 SUBSCRIBE TO OUR FREE NEWSLETTER - THE LOUNGE: Get your weekly dose of tech trends, investment tips, and entrepreneurial insights designed for the ambitious physician! https://www.bootstrapmd.com/thelounge
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