Ep288: Revolutionizing Healthcare with Crowd Health's Community-Powered Alternative
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Release Date: 04/09/2025
284: How I Retired at 34: Dr. Mike Woo-Ming Reveals His Wealth-Building Secrets
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 https://www.doctorpodcastnetwork.co/setforlife _____________ Many physicians are looking for ways to achieve financial freedom beyond the tradit
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283: Exploring Non-Clinical Careers with Dr. John Jurica
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 https://www.doctorpodcastnetwork.co/setforlife _____ Physicians often feel stuck in traditional roles, but there are countless non-clinical and n
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282: The Doctor's Guide to Building an Online Presence With Dr Mike Woo-Ming and Dr. Anne Truong
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
This episode features Dr. Mike Woo-Ming and Dr. Anne Truong discussing why doctors should use social media to grow their careers. Traditional ways of getting patients, like newspaper ads and referrals, are becoming less effective. COVID-19 showed the importance of having an online presence. With their expertise, doctors can easily share valuable information and reach more people through platforms like YouTube. This helps build trust, attract patients, and even create new income opportunities. They encourage
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281: Why Income Diversification Is Essential For Doctors: How To Work Smarter, Not Harder
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Dr. Anne Truong and Dr. Mike Woo-Ming discuss the importance of income diversification for physicians, highlighting how traditional medical careers often lead to burnout due to high workloads and limited fulfillment. They emphasize the need for doctors to work smarter, not harder. They both share their rigour and transitioning from conventional medicine practice to entrepreneurship. Dr. Anne Troung shares her realization of the value of working on her business rather than in it, by leveraging systems to cre
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280: How Physicians Can Use Marketing To Increase Impact And Income (New Segment!)
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
BootstrapMD is evolving! This episode introduces a new co-host, Dr. Anne Truong, joining Dr. Mike Woo-Ming to explore key strategies for physician marketing and business growth. — Have you ever considered how important marketing could be for your medical career? In this episode, Dr. Anne Truong and Dr. Mike Woo-Ming sit down to discuss the importance of marketing for physicians. They point out that many doctors lack business training and marketing knowledge, which is crucial in an era of declining insuran
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279: Goal Setting 2025—Six Steps to Build Your Dream Career and Life
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Short Description Dr. Mike Woo-Ming shares his six-step GG6 system for goal setting, designed to help physicians overcome burnout and take control of their careers and lives. Learn how to set impactful goals, create actionable plans, and reassess to stay on track. Show Summary In this episode of BootstrapMD, Dr. Mike Woo-Ming revisits his GG6 system—a framework he designed to help physician entrepreneurs set and achieve meaningful goals. He breaks down the six steps, emphasizing the importance of specifi
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278: 7 Trends Shaping Healthcare Entrepreneurship in 2025
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
Short Description Dr. Mike Woo-Ming explores seven key trends reshaping medicine in 2025, including AI, value-based care, personalized medicine, and digital health innovations. Show Summary Sign up for the Design Your 2025 Income Strategy Masterclass on January 15, 2025 at 8:30p EST! Only $47! Go here. — Dr. Mike Woo-Ming takes a step back to look at the seismic shifts happening in medicine today. As healthcare continues to evolve, he challenges physicians to ask themselves: Are you reacting
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277: Your Shortcut to Launching and Growing a Successful Podcast
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
In this episode of Bootstrap MD, I'm excited to be joined by Dr. Bradley Block from The Physician's Guide to Doctoring and Dr. Jimmy Turner from Money Meets Medicine to discuss our launch of Doctor Podcast Network. Together with podcast industry veteran Desiree Leos, we're building something I'm really passionate about – a supportive ecosystem for physicians who want to get into podcasting. We each shared our personal journeys and the struggles we faced, like finding time to produce episodes, dealing with
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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
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,
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275: Turning Entrepreneurial Hurdles into Triumphs - Lessons from 'The Obstacle is the Way'
BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming
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-bu
info_outlineThis 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 https://www.doctorpodcastnetwork.co/setforlife
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Health insurance is a pain point for doctors and patients, with skyrocketing costs, denied claims, and endless red tape. In this episode, Dr. Mike Woo-Ming sits down with Andy Schoonover, founder and CEO of Crowd Health, a revolutionary platform that's flipping the script on healthcare. By leveraging crowdfunding and cash payments, Crowd Health eliminates the middleman, secures massive discounts, and fosters a community where members support each other's medical bills from routine visits to million-dollar emergencies.
Andy shares his journey from running a healthcare tech company to ditching insurance after a denied $8,000 claim for his daughter's ear surgery. He explains how Crowd Health's peer-to-peer model works, why it's a lifeline for cash-based physicians, and how it's saving members up to 50% compared to traditional insurance. Whether you're a physician tired of fighting insurers, an entrepreneur seeking better healthcare options, or simply curious about the future of medicine, this episode will inspire you to rethink how healthcare can work.
Tune in to discover real-world success stories, the benefits for independent practices, and why clinicians and entrepreneurs are flocking to Crowd Health to take back control of healthcare.
Three Actionable Takeaways:
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Explore Cash-Based Care for Your Practice – Independent physicians can join Crowd Health's database at joincrowdhealth.com to attract cash-paying patients, reduce billing hassles, and get paid faster without insurance delays.
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Consider Community Funding for Yourself – If you're uninsured or facing high deductibles, Crowd Health's $55/month per person plan (plus community contributions) offers a cost-effective alternative to traditional insurance—sign up anytime with no open enrollment.
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Prioritize Metabolic Health for Savings – Crowd Health's longevity program incentivizes wellness with discounts for healthy metrics like low visceral fat or fasting insulin, helping you save on contributions while improving outcomes.
About the Show:
Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to break free from traditional healthcare careers and take control of their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show provides actionable insights on starting and scaling businesses, creating passive income, and navigating the evolving landscape of healthcare entrepreneurship.
Each episode features real-world advice from industry leaders, including physicians who have built thriving businesses, investors who have leveraged healthcare innovation, and experts in telemedicine, medical consulting, and digital health. Whether you're looking to start a telemedicine practice, create an online business, or explore non-clinical career options, Bootstrap MD delivers practical strategies to help you succeed.
Tune in weekly for inspiring interviews, deep dives into business models, and step-by-step guidance on turning your medical expertise into a profitable, fulfilling career—without sacrificing your well-being.
About the Guest:
Andy Schoonover is the founder and CEO of Crowd Health, a community-powered alternative to health insurance that uses crowdfunding to help members pay healthcare bills with cash, securing significant discounts. Previously, Andy led VRI, a healthcare tech company focused on remote patient monitoring for chronic conditions. A graduate of the University of Virginia and Stanford University's Graduate School of Business, Andy started Crowd Health in 2021 after personal frustrations with insurance denials, building a platform that now serves 10,000 members and supports independent physicians.
Crowd Health Website: https://www.joincrowdhealth.com/
LinkedIn: https://www.linkedin.com/in/andy-schoonover-6261557/
About the Host:
Through two decades of experience as a physician entrepreneur, Dr. Mike Woo-Ming has built and sold two seven-figure companies in the online marketing and lead software industry. He is also a physician practice owner, currently running multiple successful medical clinics. He founded BootstrapMD, a consultancy firm, to help empower physician entrepreneurs through live events, courses, and coaching. Dr. Mike is also the CEO of Executive Medical, a boutique medical practice specializing in age management, weight loss, and aesthetics. As a co-owner and medical director of several clinics, he helps other doctors transition into business ownership.
To learn more, read his book, The Positioned Physician: Earn More, Work Smart, Love Medicine Again, available on Amazon.
Let's Connect: Start building your business today. Learn more at: www.bootstrapmd.com
Want to start your own podcast? Check out Doctor Podcast Network: https://www.doctorpodcastnetwork.co/
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