Anesthesia & Pain Management Success

Are you a practice owner looking to extract maximum value from your clinical practice? In this episode, we'll discuss the crucial steps to ensuring your business assets translate into personal wealth. Building on our previous episode about understanding your balance sheet, I'll explain the risks of having your net worth tied up in your practice. You'll learn strategies to shift value from your bus...

What does it take to build a personal brand in the medical field? In this episode, Dr. Patrick Buchanan, Interventional Pain Management Physician and Co-Host of the Pain Unfiltered Podcast, shares his insights with us live from the ASPN conference. Dr. Buchanan will explain the importance of personal branding and how it has shaped his career decisions. Learn more:  https://apmsuccess.com/ 244     ...

I've been discussing balance sheet liquidity with several people and have noticed that many seem to have relatively thin liquidity. In this episode, you'll learn all about liquidity and how to guard against adverse financial events by ensuring you're at a healthy level of liquidity. I'll specifically discuss your practice and how it comes into play when creating more liquidity in your life and fin...

What are the biggest challenges facing pain specialists today? In this episode, Dr. Krishnan Chakravarthy, Physician Scientist, Engineer, and President and Co-Founder of Solaris Research Institute, joins us to discuss the pressing issues that have captured the attention of the American Society of Pain and Neuroscience (ASPN). Dr. Chakravarthy explores the future of pain specialist education, effec...

Today we're diving into estimated payments with tax expert Evgeni Ivanov. Taxes can be daunting, especially for those new to navigating estimated payments outside of W2 employment. This episode serves as a practical guide to understanding who needs to make estimated payments, the quarterly schedule, and implications for various income types like locum work and investment income. Learn more:  https...

Are you navigating the complexities of buying a house? In this episode, we'll dive into the valuable lessons learned from my recent experience purchasing a home after a decade. From revisiting old insights to discovering new strategies, I'll share key takeaways that will help you make informed decisions in your home-buying journey. Learn more:  https://apmsuccess.com/ 240                     Watch...

Are you curious about the journey of owning a pain practice? In this first episode of our two-part series about pain practice ownership, we're revisiting my conversation with Dr. Shachi Patel, founder of Delmarva Pain and Spine Center. Dr. Patel shares her experiences as a solo practice owner, as well as how she started her practice from scratch right out of fellowship, highlighting the importance...

How will the FTC's ban on noncompete agreements impact the U.S. workforce and—specifically—physicians? In this episode, Scott Weavil, founder and Principal Attorney of Weavil Law PC, joins us to discuss the recent FTC ruling that bans most noncompete agreements and its significant implications. He addresses the history of noncompete agreements and the timeline for when this new rule will take effe...

In this special tax season episode, we welcome back Evgeni Ivanov, a friend of the show and our resident tax expert, to discuss essential tax considerations for anesthesiologists and pain management physicians. As we dive into the complexities of Form 1040 and its schedules, Evgeni provides invaluable insights into optimizing your tax returns, ensuring you don't pay more than necessary. Learn more...

Transitioning from training to attendinghood can be both exciting and daunting, especially as you approach the culmination of your residency or fellowship. In this episode, we'll uncover six actionable strategies to ease this transition and set yourself up for success in your new role. From negotiating a signing bonus to understanding the nuances of your employment contract, each tip aims to equip...

A Donor Advised Fund (DAF) is a giving account established at a public charity that allows donors to make charitable contributions and receive tax deductions. DAFs are popular because of their versatility, which allows donors to give whenever and however much is most favorable to them. In this episode replay, Jim Giese, CPA, JD, and part of the healthcare tax team at Wipfli, shares his knowledge o...

Today we welcome back Zed Williamson, a seasoned entrepreneur and expert in healthcare practice optimization. Zed shares the transformative approach his team employs to address the challenges practices face in capitalizing on increased patient volume. Instead of blaming external factors, Zed advocates for a deeper understanding of human behavior and the dynamics within healthcare settings. Discove...

What are the financial benefits of homeownership? Is homeownership the best financial move you can make to solidify your long-term wealth goals? Today I'll answer these questions and more as I continue the homeownership vs. renting theme I began last week. If you're considering buying a home and want to get insight into the financial benefits you can take advantage of, this episode is for you. Lea...

When is the right time to purchase a home? Today I am explaining some of the crucial factors influencing the decision to buy a house or simply rent. From career transitions to personal circumstances, I share the specifics of when and why purchasing a home might be the right move for you. Learn more: https://apmsuccess.com/232   Watch the video: https://apmsuccess.com/232v      Need help with wealt...

You may have heard that I have been co-hosting some of the Money Meets Medicine shows with Dr. Jimmy Turner. This week on APM Success , you'll get to hear a recent discussion I had with Dr. Turner, where we revisit important themes regarding contracts, salaries, raises, bonuses, and more. Listen in to gain a better understanding of what goes into salary calculation and what path to take when negot...

Running operations in the current healthcare landscape is challenging – so how can independent practices run effectively and efficiently amidst all the changes? Jack Dillon, CEO of Anesthesia Practice Consultants in Michigan and the Executive Director of the Association for Independent Medicine, joins the show today to share his thoughts on this and more. Learn more:  https://apmsuccess.com/230 Wa...

The 2024 tax season is upon us, and so is the annual episode that will equip you with the knowledge you need to deal with your taxes in simpler and more efficient ways. Today, Evgeni Ivanov joins me to share the important things for you to pay attention to and consider as you work on handling taxes this year. Join us for our rundown of all the tax code adjustments coming, key tax savings to look f...

Do you ever wonder how to make your business more efficient so you can avoid being the bottleneck? I'm excited to have Zed Williamson back on the show to talk about what he's currently working on with independent physician practices. Listen in as he outlines specific ways he helps physicians gain a clear vision and build an executable system that allows their practice to thrive. Learn more:  https...

Dr. Brian Schmutzler is a seasoned anesthesiologist well-versed in academia, private practice, and locum work. His unique combination of medical expertise and business savvy provides a fresh perspective on the multifaceted world of anesthesia. We welcome Dr. Schmutzler back to the show to offer his valuable insights into the evolving landscape of anesthesia in 2024. Learn more: https://apmsuccess....

Dr. Brian Schmutzler is a seasoned anesthesiologist well-versed in academia, private practice, and locum work. His unique combination of medical expertise and business savvy provides a fresh perspective on the multifaceted world of anesthesia. Today Dr. Schmutzler joins the show to discuss the intricate landscape of anesthesia providers, exploring the various educational paths and scopes of practi...

Dr. Josh Lumbley, Chief Quality Officer at NorthStar Anesthesia, joins the show today to share his career journey and where he sees the future of anesthesia going. In this episode, he opens up about the challenges he faces in ensuring consistent anesthetic outcomes, navigating the complexities of negotiations in the healthcare sector, and setting future goals for quality assurance. Learn more:  ht...

Even if you're not a future client, my goal is to arm you with knowledge for financial success and progress. In this episode, I will be sharing updates on APM Wealth and what you can expect for the coming year in terms of the podcast. Tune in for valuable insights to kickstart your financial journey in 2024! Learn more:  https://apmsuccess.com/ 224              Watch the video: https://apmsuccess....

Why do doctors have a bad rap when it comes to investing? In this episode, I'll address the relatively common thought that doctors tend to be poor investors and invest more often in "hair-brained schemes" than most people. We'll be unpacking the reasoning (good and bad) behind this stigma, where doctors tend to get caught up, and practical ways to avoid poor investments. Learn more:  https://apmsu...

This week, we're revisiting a previous episode that serves as a valuable tool for investors looking to optimize their behavioral, mental, and intellectual approach to position themselves for success. Successful investing and wealth-building often involve not winning every battle, but choosing which battles to fight at all. This episode serves as a deep dive into this subject, emphasizing the impor...

As we move into the holidays, it's a good time to reflect, recap, and take stock of how things are going. When trying to figure out what things are working (or not), what you need to change, and where the opportunities are, it is really helpful to take a closer look at your savings rate. In this episode, I'll be taking a look at savings rate (the mother of all financial variables) from a new angle...