Ep 41. Kurt Schoppe, MD -- Private equity buying medical groups. What's the deal? (Part 1)
Release Date: 10/30/2018
Ep 62. Doctors and Social Media -- Dana Corriel, MD
Doctor Money Matters
On this episode we talk about social media with Dana Corriel MD, an internal medicine physician and creator of the SoMeDocs group. She recently left the practice of medicine to help physicians develop their online presence. Her goal is to help empower physicians reach their patients, a broader audience, and develop their brand and yet balance it with responsibilities as professionals, employees, etc. We talked about why she left medicine to pursue this opportunity. Dr. Corriel runs master classes for physicians interested in improving or developing their presence. I am going to be a teacher in...
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Ep 61. Gita Pensa, MD -- Malpractice litigation and its impact on the physician
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Ep. 60 -- Student loan basics with Ben White, MD
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Ep 59. Joel Greenwald, MD CFP -- Withdrawing assets in retirement
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Welcome to the Doctor Money Matters Podcast. It has certainly been an eventful spring between the Covid crisis and the national protests bringing more attention to the unequal treatment of African Americans by law enforcement, and also the financial market volatility. Our guest was Joel Greenwald, MD a physician turned financial planner in Minnesota who has a long term financial planning business managing mostly physicians money called Greenwald wealth management. We talk on this episode about the strategies of withdrawing assets once you retire. How do younger physicians get to the asset...
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Ep. 58 Real Estate Investing with Cory Fawcett, MD
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Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a retired surgeon in Oregon who has written books for medical professionals including The Physicians guide to Real Estate Investing which we talked about on the show. It and his other books are available on Amazon or his own website We talk on this episode about the power of real estate investing. Why Dr. Fawcett favors active real estate investing (ownership) instead...
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Ep 57. Introducing What's Up Docs?
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This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a called What’s Up Docs? to talk about what's trending in physician social media. In this episode we discuss: a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a . We talk about the We talk...
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Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.
Doctor Money Matters
Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers. We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet. If you have not yet read her article. Here is a link to her website
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Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing
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Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine
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On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence. We talk about the role of AI in the future of medicine. Will AI replace radiologists? Will there be fewer jobs for physicians in the future? What are the capabilities of AI and where does it fall short? We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care. What are the stakes for new and recent grads in medicine? Who is going to be liable for any potential malpractice? ...
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Ep 53. Opportunity Zones -- Dan Gauthier
Doctor Money Matters
On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment. Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way. Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be...
info_outlineWelcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona.
The topic on this episode is the increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening.
My guest on this episode is Kurt Schoppe, MD a radiologist in Dallas, TX. Kurt is part of the American College of Radiology Economics committee and has experience in the private equity world.
On this episode we talk about:
What is private equity?
Why would they be interested in medical practices?
- Fragmentation of medical practices leads to market opportunities.
- They are good at logistics, operations and can increase efficiencies to improve returns.
- They can have access to capital to make discount purchases.
- They see healthcare as a more predictable way to make money.
Why would a practice want to sell to these firms?
- FOMO (Fear of Missing Out) Other groups have done so we probably should also.
- Thinking that your group doesn’t have the expertise to handle a changing healthcare reimbursement model
- Money right now (particularly for senior partners)
What are they looking for when deciding to buy a practice?
What does this mean for medicine as a profession?
What does this mean for younger physicians?
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