#148 - The Truth About Medical Practices: It’s an Illusion
Apr 21, 2025•35 min
Episode description
As the owner of a private medical practice, I know how difficult it is for the solo provider/small group to keep the doors open and deliver quality care, especially if the providers participate with insurance carriers. This fact not only affects providers, but as we will explore in the episode, it can often directly impact they options for care a patient receives. In this episode we will:
- Understand the obstacles and misperceptions baked into a career in medicine.
- Examine the debt of the typical medical doctor after finishing medical school
- Calculate the problematic combination of 1) starting a career in debt, and 2) starting a career relatively late
- Compare the rate of the rising costs of running a medical practice with the relative rate of medical insurance reimbursement
- Evaluate the massive burdens that insurance companies place on providers in the form of prior authorizations (PA)
- Learn how to navigate your own care in this difficult climate
Produced by: Maeve Winter
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Thanks for listening and sleep well!
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