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Episode Summary

On this episode of Practice Freedom, we step into the shoes of healthcare entrepreneurs and navigate the world of private healthcare practice with our special guest, industry leader Jeff Russell.

Episode Note

On this episode of Practice Freedom, we step into the shoes of healthcare entrepreneurs and navigate the world of private healthcare practice with our special guest, industry leader Jeff Russell.

With his invaluable experience, we journey through the trials and triumphs of running a practice. Jeff shares his unique four-step success process, outlined in his book "Fire Yourself First," and paints a vivid picture of rekindling the passion for helping people through a well-defined system, breaking away from the daily grind.

We explore the intricacies of staffing and culture building in the healthcare industry and the importance of finding the right team with the requisite skills and a heart for helping. We look at the benefits of a well-structured business with clearly defined roles, eventually leading to a successful exit strategy for healthcare entrepreneurs. We also discuss the transformation in healthcare procedures, particularly the shift towards non-insurance medical procedures and the surge of direct primary care and concierge medicine.

Finally, we talk about the essence of finding personal purpose in your career as we share alternative paths within the healthcare industry. We reflect on identifying your purpose and how it can lead to a more fulfilling medical career.

Jeff Russell encourages listeners to embrace the new opportunities available in healthcare, reminding us that success is attainable through determination and hard work.

In this episode, you will hear:

  • The unique opportunities and challenges within private practice healthcare through the entrepreneurial lens of industry leader Jeff Russell
  • The importance of having a system and process in place for running a successful practice
  • The need for healthcare providers to reclaim their passion for helping people
  • Finding individuals with the necessary skills and a genuine desire to help others
  • Having a clear hiring process in fostering a positive workplace culture
  • The growing popularity of non-insurance medical procedures among patients and healthcare providers and the potential benefits for both
  • Personal purpose in the healthcare industry and finding a more fulfilling and balanced career in medicine
  • The benefits of being entrepreneurial as a healthcare leader
  • How having a motivated and self-learning team and clear job descriptions brings value to the business
  • Planning for the future and having an exit strategy in mind, alongside conducting thorough interviews and filtering out candidates who do not align with the company culture or job requirements
  • Embracing new opportunities and success through determination and hard work

Resources from this episode:

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