Podcast appearances and mentions of david mandell

In this second episode of a two-episode interview, host David Mandell continues his conversation with Corey Kleinschmidt, an industry veteran in the locum tenens space.  The episode kicks off with a recap of Part 1 and a reintroduction to Cory's extensive background in the industry, including his work with Jackson Healthcare and his current role at Locumpedia. The focus then shifts to actionable steps for physicians considering locum—starting with educating themselves through resources like Locumpedia's No BS Guide and connecting with other providers who've already taken the plunge. Cory outlines the importance of understanding the business side of locums, emphasizing that physicians are essentially independent contractors. This means getting smart about taxes, possibly forming an LLC, and making strategic choices about which agencies to partner with. He explains how working with staffing firms can simplify everything from job placement to credentialing and malpractice coverage, while also highlighting the variability in agency models—some being high-touch and others more transactional. Licensing and credentialing are also critical topics covered in this episode. Cory discusses the value of multi-state licensing and the Interstate Medical Licensure Compact (IMLC), as well as how staffing firms often assist in navigating these hurdles. The conversation wraps up with a look at contracts, pay structures, and what to expect in terms of housing, travel reimbursement, and malpractice coverage. David and Cory underscore the importance of doing your homework to ensure a successful and rewarding locum tenens experience. KEY INSIGHTS: The No BS Guide on Locumpedia is a comprehensive starting point for understanding locum tenens. Locumpedia's “Locum CME” news roundup keeps physicians up to date on trends, including how AI is shaping the field. Talking to other physicians with locum experience can offer real-world insight into the pros and cons. Most physicians working locums are classified as independent contractors and should understand how this affects taxes and benefits. Many physicians form LLCs to optimize tax deductions and liability protection. Staffing firms play a central role in matching physicians to opportunities and handling all non-clinical logistics. There are over 200 locum tenens agencies, so it's important to research and vet potential partners through reviews and referrals. The Interstate Medical Licensure Compact (IMLC) can simplify multi-state licensing for qualified physicians. Staffing firms often provide malpractice insurance, travel and housing—details that should be reviewed in the contract. Contracts typically include compensation terms, responsibilities, reimbursement policies, and clauses like noncompetes and cancellation terms. Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

In this first episode of a two-episode interview, host David Mandell speaks with Cory Kleinschmidt, an industry veteran in the locum tenens space. Cory shares his journey into the field, which began unexpectedly in the late 1990s when he helped develop LocumTenens.com, a job board that played a significant role in the industry's growth. He later founded Locumpedia, a digital platform dedicated to locum tenens professionals, offering resources, job listings, and insights into the industry. Cory explains the concept of locum tenens, which allows physicians to work as temporary providers in various healthcare settings, providing them with flexibility, higher earnings, and work-life balance. He highlights how the industry has evolved from a necessary staffing solution to a strategic workforce model, driven by growing physician shortages and changing work preferences.  This first part of a two-episode interview also covers trends in locum tenens, including the increasing interest from younger physicians, the rising demand for specific specialties like neurology, cardiology, and psychiatry, and the impact of AI. Cory emphasizes that locum tenens is becoming an essential part of healthcare staffing, allowing doctors to explore different practice environments while mitigating burnout and financial stress.   Key Insights: Locum tenens, meaning "to hold the place," originated in the Catholic Church before transitioning into healthcare staffing. The industry has grown significantly, with more physicians, especially younger ones, choosing it for career flexibility and income potential. Locumpedia is a digital platform that provides a free, centralized resource for physicians and healthcare organizations. The No-BS Guide to Locum Tenens was created to offer straightforward, unbiased insights into locum work. See https://www.locumpedia.com/. Locum tenens physicians work as 1099 independent contractors, allowing them to take advantage of tax benefits and business deductions. The demand for locum tenens is increasing due to physician shortages, burnout, and changing work preferences. Specialties such as hospital medicine, neurology, cardiology, psychiatry, anesthesiology, and radiology are currently in high demand. AI is expected to impact radiology, but the combination of AI with skilled radiologists is seen as the future rather than full automation. More doctors are using locum tenens as a way to test different work environments before committing to full-time positions. Locum tenens is becoming an essential part of modern healthcare staffing, allowing hospitals to adapt to patient demand and financial constraints efficiently. Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in as host David Mandell welcomes back to the Podcast healthcare attorneys Michael Byrd and Brad Adatto, both of whom joined David back in Season 1. Brad and Michael begin the discussion laying out the legal issues around the weight loss drugs that have become so popular today and what physicians prescribing such drugs need to be aware of – from patient consent issues, to compounding challenges and state-specific dispensing regulations, to marketing rules and more. The conversation then shifts to mergers and acquisitions concerning medical practices. Michael and Brad relate the shift they have seen in the last year from “wall street” deals to “main street” deals and what this shift means for physicians who may consider exiting their practice. David then asks the attorneys about the proposed rules out of the federal government regarding non-competes, where those rules stand and what physicians need to know about non-competes in the medical context. The podcast concludes with Brad and Michael leading a discussion around how physicians can best work with healthcare attorneys and the value of legal subscription models. KEY POINTS: Healthcare Law Expertise Weight Loss Drugs in Medical Practices Compounding Issues and Compliance Patient Consent and Risk Mitigation Business and Revenue Risks with Weight Loss Drugs Mergers and Acquisitions Trends Valuation Challenges in Practice Sales Non-Compete Clauses Importance of Healthcare-Specific Legal Counsel Compliance as a Dynamic Process Legal Subscription Models Proactive Legal Strategies Broader Regulatory Trends Entrepreneurial Approach to Law Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in as host David Mandell welcomes orthopedic surgeon Dr. Patrick St. Pierre. Pat begins by sharing his background in the military, where he served in the infantry and as an airborne ranger pathfinder and eventually transitioned to medical school and a path in orthopedics. He then tells David about his decisions around the first job he took outside of the military on the east coast and his eventual move to Palm Desert, CA to a growing orthopedic practice there. The conversation then shifts to Pat's involvement with industry, including work on a Mako orthopedic robot for shoulder surgeries. He comments on the importance of physicians working with industry and gives advice to those thinking about doing so. David and Pat then discuss Pat's plan for retirement, which he has given a lot of thought to over the last decade after seeing colleagues struggle with life post-medical career. Pat is passionate about retiring TO something, not just FROM medicine. Pat explains his TO – is wine – and give insights on what he has been doing for some years to train and become certified as a master sommelier. The episode concludes with Pat giving some specific advice for colleagues on approaching retirement beyond medicine. KEY POINTS Dr. Pat St. Pierre's Background: A West Point graduate, he also completed his medical education at the Uniformed Services University of Health Sciences and has an extensive military medical career, including residencies and fellowships in orthopedic surgery and sports medicine. Military Experience: Dr. St. Pierre initially served in the infantry, where he undertook demanding roles such as airborne ranger and pathfinder, before transitioning to medicine in the military. Motivation for Medicine: Inspired by personal experiences, including his mother's battle with heart disease, Dr. St. Pierre initially considered cardiology before shifting to orthopedics. Choosing Orthopedic Surgery: He found his passion for orthopedics and sports medicine through impactful rotations and mentorship during medical school. Transition to Civilian Practice: After 24 years of military service, his first civilian role in Virginia was driven by family considerations and proximity to his wife's ailing parents. Palm Desert Practice: Dr. St. Pierre joined Eisenhower Desert Orthopedic Center and has been practicing there for 17 years, playing a pivotal role in the growth of the practice. Sports Medicine Leadership: He became the lead physician for major sports events, including the BNP Paribas Tennis Open, and worked with junior colleges, high schools, and a professional hockey team. Financial Lessons for Young Physicians: He emphasized the importance of mentors, contract review, and considering regional factors like managed care and ancillary revenue streams when choosing a practice. Overhead Management: Dr. St. Pierre's group reduced their overhead by transitioning into a hospital-affiliated model, which improved financial efficiency. Industry Collaboration: He values physician involvement in medical device development and has contributed to innovations like the BioWick rotator cuff anchor and the Mako robotic shoulder replacement. Mako Robotic Shoulder Surgery: Dr. St. Pierre is part of a global team developing this cutting-edge technology, with FDA approval recently granted, signaling a transformative advance in shoulder surgery. Planning for Retirement: He advocates for retiring to something meaningful rather than simply retiring from medicine, sharing his personal journey of preparing for life after surgery. Passion for Wine: Dr. St. Pierre pursued a Master of Wine certification, a rigorous program blending science, viticulture, and business, becoming one of a select few in the world to achieve this level. Future Endeavors: He plans to continue contributing to wine education and management while staying engaged with the medical industry, ensuring a fulfilling post-retirement phase. Lifelong Learning: Dr. St. Pierre underscores the importance of challenging oneself with new pursuits, such as studying wine or learning an instrument, to keep the mind active and engaged.     Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in or watch as host David Mandell sits down with medical marketing consultant Kristy LaGourgue and aesthetic nurse Rachel Varga to discuss branding and marketing lessons that all doctors can benefit from, whether they own their own practice or not. David begins the discussion by asking Kristy and Rachel the most common mistakes medical practices make with marketing and how to avoid them.  They then chat about the importance of marketing when offering new services or equipment or even bringing on new doctors. The discussion then turns to branding – how an individual doctor can brand him/herself in the marketplace- which not only can be patient-focused, but also to other doctors, who are key referral sources –and even industry for further business opportunities. Finally, Kristy and Rachel speak to the use of social media and how doctors should approach getting started in marketing efforts. KEY TAKEAWAYS Takeaway #1: Having a Clear Marketing Strategy is More Effective Than Piecemeal Efforts. Piecing together different marketing tactics without a clear strategy can lead to poor results. Kristy points out that one common mistake practitioners make is trying “a little bit of this, a little bit of that, hoping something's going to stick.” Instead, she suggests that it's crucial to understand how different marketing activities work together to drive steady patient flow. Rachel supports this point, noting that practitioners often give up too soon or get in their own way due to imposter syndrome or feeling out of their comfort zone. She encourages practitioners to stick with their marketing efforts and to recognize the long-term benefits. “It's really getting also that validation and accolade from your colleagues in the space too, to then position you even further, which might open up the gates for different opportunities on boards and business development deals as well”. In essence, being strategic and consistent about marketing activities, rather than trying different tactics in a piecemeal manner, can lead to better results and open up new opportunities for practitioners. Takeaway #2: Diversifying Practice Offerings Can Lead to New Opportunities. With the rapidly evolving field of medical technology and treatments, diversifying practice offerings can open up new opportunities for physicians. For instance, adding new technologies or treatments to a practice can attract different types of patients, or even create new revenue streams. Rachel explains how one of her colleagues transformed his practice by incorporating group coaching and video training, thus creating a seven-figure business. She says, “So you just don't know what's possible until you start to go down this path.” She also mentions the increasing popularity of concierge medicine and biohacking, suggesting that practices that incorporate these elements are very appealing to buyers. Diversifying practice offerings can, therefore, not only bring in new patients and revenue streams but also increase the practice's value in case of a potential buyout. This diversification, coupled with a strong online presence and marketing strategy, can significantly enhance a practice's success and growth. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in as host David Mandell sits down with Carole Foos, CPA from OJM Group and Greg Heimkreiter, JD, CPA from Howard, Nunn & Bloom, Inc.  David asks both Carole and Greg to give their key insights on the tax landscape as we enter 2025 with a new party in control of both the White House and Congress.  Carole begins with a discussion of potential changes to individual tax rates and Greg mentions the SALT limitations and dives into estate tax issues as well. David then chats with Carole about retirement plan changes due to the Secure Act, new planning opportunities coming online in 2025, and the continued importance of tax diversification.  Greg then shifts the discussion to corporate taxation, including the possibility that C corporations may come back into more utility for medical practices and other small businesses.  Carole and David then discuss Qualified Opportunity Zone investments and how the deferred tax is going to be coming up for payment soon and what that means for 2025 tax planning. David concludes asking both Carole and Greg for their input on the changes in the accounting industry and why so many physicians and practices are having difficulty finding good firms who want to provide tax return preparation services.     KEY POINTS Tax Uncertainty in 2025: With potential changes to tax laws due to a new administration, tax planning remains a "wait and see" process, especially for individuals and businesses.  Expiring Tax Cuts: Key provisions of the 2017 tax reforms, including lower individual income tax rates and increased standard deductions, are set to expire at the end of 2025 unless extended.  Estate Tax Exemptions: Current estate tax exemptions of $13 million+/- per individual ($27 million for married couples) could be halved if laws revert in 2026, raising planning concerns.  SALT Deduction Limit: The $10,000 cap on state and local tax (SALT) deductions is a significant pain point, particularly for taxpayers in high-tax states like California and New York.  Retirement Plan Changes: The Secure Act 2.0 introduces supersized catch-up contributions for ages 60-63 in 2025 and expands options for Roth contributions, encouraging tax diversification.  Opportunity Zones: Taxes deferred through qualified opportunity zone investments will become due in 2026, requiring proactive liquidity planning for investors.  Inherited IRA Rules: New rules require most beneficiaries to withdraw inherited IRA funds within 10 years, potentially accelerating tax liability.  Business Tax Considerations: Proposed reductions in C corporation tax rates from 21% to 15% and changes in bonus depreciation rules could shift entity structuring decisions.  Qualified Business Income (QBI): The QBI deduction benefits pass-through entities but is not available to most high-income professionals, particularly medical practices.  Industry Shifts in Tax Preparation: A shortage of accountants and outsourcing trends have made finding quality tax preparation services more challenging for individuals and small businesses.  Roth IRAs and RMDs: Funding Roth accounts now can reduce future required minimum distributions (RMDs), offering long-term tax benefits.  Accelerated Depreciation: Businesses, including medical practices, may benefit from restored 100% bonus depreciation for assets like equipment.  Tax Diversification for Retirement: Balancing assets in different tax treatment "buckets" (e.g., Roth, traditional accounts) enhances flexibility and minimizes tax burdens in retirement.  Future of C Corporations: Lower corporate tax rates could make C corporations more attractive, but double taxation remains a potential downside.  Challenges in Accounting Industry: Many firms are shifting away from individual tax returns, emphasizing the importance of finding specialized services that align with clients' needs. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in to episode 5.10 as host David Mandell interviews Dr. Jude Pierre, internist, doctorpreneur, fellow podcaster and coach to young physicians. Jude begins by sharing his background, including a brief description of his family's immigrant story as immigrants from Haiti who moved back to Haiti from New York City when Jude was eight years old, for a business opportunity for his father—beginning his entrepreneurship interests. This entrepreneurship continued in his residency, as he began moonlighting and early real estate investing. The conversation shifts to the challenges Jude had starting a practice in Miami and why he chose to move to a more rural area outside of Tampa. He explains his success in “getting busy” but also gives some advice around getting too busy and work-life balance for physicians. David and Jude then discuss Jude's work as a content creator, through books and videos, as well as his work coaching young physicians. They discuss the type of help he provides other physicians through this content, as well as his "Independent Physicians Blueprint" podcast. The podcast concludes with Jude giving some specific advice for young physicians. Key Points Dr. Jude Pierre's Background: Trained in internal medicine, he has been providing primary care since 2000 in South Florida and Tampa Bay metro area. Dr. Pierre actively mentors new physician graduates, helping them navigate the challenges of a rapidly changing healthcare environment. Apart from practicing medicine, Dr. Pierre is a podcast host and coach for physicians, sharing strategies to succeed both in medicine and entrepreneurship. Diverse Upbringing: Raised in Haiti after being born in New York, Dr. Pierre attributes his entrepreneurial spirit to early exposure to his parents' business ventures in Haiti. Residency and Financial Challenges: During his residency, Dr. Pierre faced significant financial pressures, prompting him to moonlight and prioritize early debt repayment. Real Estate Ventures: Dr. Pierre began investing in real estate during residency, starting with a condominium and later flipping properties, which sparked his interest in entrepreneurship. Physician Practice Challenges: Early in his career, Dr. Pierre faced challenges establishing a private practice in Miami due to oversaturation of primary care providers. Strategic Career Moves: Dr. Pierre moved to Spring Hill, near Tampa, for greater professional opportunities, noting that smaller markets can offer significant practice growth potential compared to larger urban areas. Burnout Awareness: Dr. Pierre emphasizes the importance of work-life balance, sharing his experiences with burnout and the personal impact on relationships. Coaching and Education: He launched a course, "Learn About Medicare Advantage (LAMA)," to educate physicians on managing patient populations and insurance dynamics effectively. Independent Practice Advocacy: Dr. Pierre promotes independent practice models like concierge medicine and direct primary care as alternatives to corporate healthcare. Risk Management in Rural Practice: He highlights the risks of being overwhelmed in underserved areas, urging physicians to set boundaries and prioritize manageable workloads. Efficient Practice Management: Dr. Pierre coaches physicians on balancing patient care with payer relationships to optimize practice sustainability. Podcast Rebranding: His podcast, initially "Practice Impossible," was rebranded to "Independent Physicians Blueprint" to align with his mission of empowering independent practitioners. Advice to Physicians: Dr. Pierre advises doctors pursuing entrepreneurship to seek wise counsel and avoid taking on ventures alone, emphasizing the value of collaboration and specialized guidance. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in as host David Mandell interviews financial advisor Jay Zigmont PhD, MFA, CFP®, the CEO of Childfree Wealth. David begins that he had read's Jay first book and was extremely interested in the topic—as he and his wife Sheila do not have children. He and Jay then discuss Jay's background and how he came to direct his career around helping child-free clients. Jay then shares some statistics from various studies about the prevalence of childfree people and how this demographic is growing rapidly. David and then dig into the various ways traditional financial planning misses the mark for childfree people—working backwards from estate planning to present day financial decisions. David makes the point that even folks with kids or grandkids can learn from tactics that childfree people use often. Jay then provides to David and the audience a few resources that childfree people can utilize if they are interested and concludes with Jay emphasizing the importance of community. Key Points: Childfree Wealth Defined: Childfree Wealth caters to individuals who do not have children by choice or circumstance, representing a significant and underserved demographic in financial planning. 25% of the U.S. Population is Child-Free: Research indicates that 25% of Americans are child-free or permanently childless, highlighting a large, often overlooked segment of the population. Lack of Representation in Financial Planning: Traditional financial planning is geared towards families with children, leaving child-free individuals with advice that doesn't align with their unique needs. Financial Impacts for Child-Free Individuals: Child-free people often focus less on wealth transfer to future generations and more on living fulfilling lives, with different priorities such as disability insurance, long-term care, and lifestyle investments. Higher Net Worth Among Child-Free People: Research from Pew shows that child-free individuals tend to have higher net worth, and gender pay gaps are significantly reduced within this group. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

In this episode, hosts Brad Adatto and Michael Byrd are joined by David Mandell, Partner at OJM Group. David brings his unique perspective as both an attorney and wealth advisor to share tips for life after selling a medical practice—especially how to handle a large cash payout. Learn how to manage your money effectively, protect your assets, and avoid investment mistakes physicians often make. Tune in for insights to help you make the most of your financial future post-sale.  Unlock your financial future with the OJM Group's latest book, Wealth Strategies for Today's Physician – A Multi-Media Playbook! Visit https://www.ojmgroup.com/product/wealth-strategies-for-todays-physician/ and download your copy today at a discount by using promo code: BALAW.Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto  Stay connected for the latest business and health care legal updates:WebsiteFacebookInstagramLinkedIn

Listen as host David Mandell continues his conversation with dentist and coach Dr. Sue Keller. Picking up where they left off at the end of Part I, David and Sue discuss the ongoing financial challenges of her specialty dental practice.  Here, they tackle Sue's difficult decision to file bankruptcy for the practice after more than 20 years -- and the legal, practical and emotional processes involved. The discussion then turns to Sue's transition after closing her practice – from working part-time for another dentist, serving patients as part of a non-profit and her eventual interest in, and transition to, coaching. David and Sue conclude the conversation chatting about Sue's role as a coach and how physicians and dentists could benefit from this type of advisor. Key Points David discusses the stigma around bankruptcy in the medical and dental fields and how it can be a difficult but necessary decision. Dr. Sue opens up about the emotional attachment she had to her practice, likening it to one of her children, which made it hard to let go despite financial struggles. By 2018, Sue realized she was losing $7,000 per month despite working with coaches, accountants, and business consultants. She shares that her staff turnover and the irregular income of her practice contributed to her financial distress, comparing the ups and downs to a "gambling addiction." A business coach encouraged Dr. Sue to explore bankruptcy, which led her to interview multiple lawyers to understand her options. Sue highlights the emotional weight of separating her identity from the practice, realizing she wouldn't "die" if the practice failed. Once she accepted the need for bankruptcy, Dr. Sue moved quickly, closing the practice within a month and transitioning into part-time work at another practice. Working part-time at another dental practice, Sue found she earned more with less stress and more time for herself than she ever did in her own practice. The bankruptcy process took several years to resolve, but Dr. Sue managed to repay part of her debt and eventually moved on from the practice. During the COVID-19 pandemic, Sue worked with the Medical Reserve Corps, vaccinating as part of a team, which she found rewarding and different from the solo nature of running a practice. Dr. Sue transitioned into life coaching after discovering her love for helping people make positive life changes, drawing on her own experiences of resilience. She explains the distinction between coaching and therapy, emphasizing that coaching focuses on helping clients take steps toward future goals, rather than revisiting past traumas. Sue advocates for the importance of balance in life, urging professionals to reflect on whether their careers are enhancing or detracting from their overall well-being. She notes the value of mastermind groups and communities where professionals can openly share challenges and vulnerabilities without competition. The episode ends with Dr. Sue encouraging listeners to seek support, whether through coaching, therapy, or peer groups, as no one is truly alone in their struggles. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in or watch as host David Mandell interviews dentist and coach Dr. Sue Keller. David begins with questions he asks all doctor guests to the program—about their initial interest in becoming a doctor, early career journey and more. Sue relates her personal experiences that lead her to dentistry and a shift from an interest in orthodontics to general dentistry. Sue explains her initial venture into private practice, purchasing an existing practice from a burned-out dentist, and her initial attempts to grow the practice. She and David discuss her challenges in growing the practice, the positives and negatives to developing a niche practice, to moving the physical location and the difficulties of keeping good staff. For the remainder of this first part of a two-part episode, Sue tells David about the challenges of keeping the practice afloat financially. In part two, they discuss Sue's decision to file bankruptcy for the practice after more than 20 years and her career transition thereafter. Insights: Sue shares her personal journey, mentioning her early interest in dentistry after having her first loose tooth at six years old. Sue had a positive childhood experience with her dentist, which fueled her desire to make dentistry comfortable for others. She discusses the transition in her career, starting her practice after a residency and eventually purchasing an existing practice from a burned-out dentist. In 1995, Sue took over a family practice and started building it up, noting challenges with old technology and financial constraints. She explains that her practice focused on treating anxious adult patients with oral sedation, creating a niche in an underserved area. She moved her practice in 2007, creating a comfortable environment in Northampton but encountered financial challenges in 2008 due to the financial crisis, including losing two-thirds of her patients after the move and facing difficulties hiring motivated staff, leading to constant turnover. Sue reflects on the decision to go fee-for-service and the financial pressures of taking insurance while striving to maintain high-quality care. Despite her advanced education, she struggled to implement complex treatments due to a lack of patients who could afford the care. Sue emphasizes the importance of utilizing specialists, even for bread-and-butter dentistry, to maintain quality and avoid complications. She outlines the ongoing financial struggles from 2008 to 2017, refinancing multiple times to stay afloat amid a tough market. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in or watch as host David Mandell speaks with practice consultant Jessica Jones. David begins asking about Jessica's career and how she ended up working with medical and dental practices. Jessica then shares with David the pain points doctors typically have when they contact her—how they want to see their practices, and lives, improved. Jessica then speaks to David about the importance of finding the doctor's passions and how to align the practice with those passions, along with patient needs—potentially with a cash-based revenue element outside of insurance reimbursement. She then digs into the details around service offerings, equipment purchases, the importance of delegation and other key success factors her experiences has discovered are valuable—in cash-based practices or traditional ones. Finally, Jessica stresses the importance of brainstorming and getting out of the daily grind to have perspective on what is working and what could be improved. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in or watch as host David Mandell interviews Dr. Benjamin Ostrander, Chief Resident in Otolaryngology at the University of California San Diego. David begins with questions he asks all physician guests to the program—about their initial interest in becoming a physician and in their particular area. Ben explains his family background in engineering, his initial degrees in engineering and bio engineering and his gravitation to medical school and surgery. David and Ben then focus on the topic of innovation in general and specifically how medicine can learn from other industries—first discussing how the checklist concept came to medicine from aviation. Ben shares some of his research on the science and art of hospitality and how these concepts could translate into medicine. David and Ben then jump into a number of potential ways medicine could benefit from lessons learned in hospitality—from patient experience to environmental factors to employee satisfaction. Finally, Ben provides further resources for those interested in applying these concepts into their practice or hospital workplace. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

Listen in or watch as host David Mandell interviews CPA and practice consultant Nolan Bradbury. David begins by noting he and Nolan will first focus on traditional private practices and then then transition into “side hustles” and doctorpreneurship.  In terms of private practices, David asks Nolan about key financial priorities in running a profitable practice, including the importance of key performance indicators (KPIs) and the critical difference between delegating and abdicating. They also discuss a number of important success factors if doctors are looking to grow the practice and, eventually, exit in some type of merger or sale. Turning their discussion to side hustles and entrepreneurship, Nolan explains what he sees as must-haves in terms of considerations for physicians branching out into these areas. Nolan also gives insights into how a physician or practice can find a good CPA who is the right fit for them. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

In this special episode tied timed to release before the upcoming U.S. elections, host David Mandell welcomes OJM Partner and Wealth Advisor Andrew Taylor, CFP, to discuss investing through impactful current events, including potentially stress-inducing election seasons. In this unique episode, David and Andy refer to a number of slides based on data from U.S. presidential elections going back more than 60 years. For those watching on our YouTube channel, those slides are part of the video content. For those listening, a link to the referenced presentation slides can be found here. Also, the article that Andy references regarding October volatility can be found here. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Listen in or watch as host David Mandell continues his interview with orthopedic surgeon Dr. John “Jay” Foley, focusing on Jay's career path after being disabled in a snowboarding accident and unable to perform surgery. Jay explains how his own-occupation disability policy made a significant impact on his post-injury financial health. He also relates that his initial plan for an osteoporosis center did not workout, so he pivoted to medical evaluation for worker's compensation cases and medical-legal work as an expert witness. David and Jay spend the remainder of the interview digging into the pros and cons of both the case evaluation and expert witness work, including what Jay has learned and what advice he gives other physicians about both ventures and about the importance of disability insurance. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Listen in or watch as host David Mandell interviews orthopedic surgeon Dr. John “Jay” Foley. David begins with questions he asks all physician guests to the program—about their initial interest in becoming a physician, early career journey and more.  Jay explains what got him interested in orthopedics at a young age, about how he spent a few years as a seasonal surgeon between the mountains and the beaches, before settling down in Reno, Nevada.  David learns from Jay how he built a busy orthopedic practice in two locations, emphasizing his flexibility and willingness to take call as key drivers to build his practice early on.  He also notes how his practice grew steadily over the years.    The conversation shifts as Jay explains his fateful snowboarding accident on his birthday at age 58, which he knew instantly created a disability that would keep him from performing surgery for years, if not permanently. For the remainder of this first part of a two-part episode, Jay tells David about his immediate reactions to the injury, both practical and emotional. In part two, they discuss Jay's career transition and successes he has had. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!" Episode 3.12  (Originally released on February 23, 2023) Career Moves, Personal Finance & Entrepreneurship with Selene Parekh, MD, MBA In this episode, orthopaedic surgeon Dr. Selene Parekh joins David to discuss his career path, academic medicine, entrepreneurship, finance and more. Selene begins with his background – where he grew up, what got him interested in medicine and orthopaedics in particular.  He then explains his early exposure to and interest in financial topics, and why he chose to pursue an MBA. Selene then explains why he took his first job out of training at the University of North Carolina, his role there and why he later moved to Duke University.  He describes his adjunct professor role at Duke's business school, and then why, after 14 years at Duke, he has made a very recent move to Rothman Orthopaedics in New Jersey. Selene shares his approach to personal finance and his philosophy of surrounding himself with experts rather than trying to do too much himself. Next, Selene explains his role in a number of entrepreneurial activities, including The Fantasy Doctors and The Tech Doctor. The episode concludes with Selene summarizing a lecture he often gives to physicians on work-life balance and offering his one piece of advice for young physicians. Learn more about our guest, including additional show notes and more, by visiting www.physicianswealthpodcast.com.

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!" Episode 3.7  (Originally released on December 8, 2022) Lessons from An Aesthetic Practice Sale with Dr. Steven Dayan and Dominic Mazzone Listen in as David chats with facial plastic surgeon Dr. Steven Dayan and MedSpa Partners (MSP) CEO Dominic Mazzone. They discuss the consolidation in medicine in general and aesthetics in particular and delve into why Steven chose to sell his practice to MSP. David begins the conversation by asking both Steven and Dominic about their upbringings and career paths.  Steven explains how his practice grew over the decades with his use of research and “guerilla marketing,” and when selling the practice first appeared on his radar. Steven shares what he learned going down the road with three other firms to the letter of intent (LOI) stage before finally agreeing to work with Dominic's firm.  Dominic then addresses the areas that a physician should look for when choosing a platform, the key questions he asks potential physician partners, and why integration is crucial – not just consolidation. Steven the gives David his perspective, including why he chose MSP and how he continues to see MSP as different than other platforms when he speaks with colleagues. Dominic tells listeners what his firm looks for in a potential practice for acquisition -- including financial and non-financial elements – and why he sees aesthetics as different from non-cosmetic specialties. David concludes with asking Steven to give his best pearls of advice for fellow physicians considering a sale. Learn more about our guest, including additional show notes and more, by visiting www.physicianswealthpodcast.com.

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!" Episode 3.15  (Originally released on April 6, 2023) Banking for Doctors, by Doctors featuring Dr. Michael Jerkins In this episode, David is joined by Dr. Michael Jerkins, internist, pediatrician, and co-founder and President of Panacea Financial. Michael begins with his background – where he grew up and what got him interested in medicine.  He explains his decision to postpone medical school for a year and get a master's degree in Education, and how teaching is still part of his passion and career.  Michael relates how the financial stresses of medical school and starting a family showed him how the traditional banking system fails physicians in training and gave him the idea that eventually became Panacea Financial. Michael then provides an overview of Panacea Financial: its physician focus, what's unique about it compared with other banks, its relationship with Primis Bank, and a few statistics to illustrate Panacea's recent growth. He covers which of their offerings are most popular with physicians and which are growing. Michael concludes with what he sees as common misconceptions doctors have around banking and debt, and offers his advice to physicians when it comes to tackling financial issues. Learn more about our guest, including additional show notes and more, by visiting www.physicianswealthpodcast.com.

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!" Episode 3.6 (Originally released on November 24, 2022) Loans for Physicians, From Physicians with Dr. Zwade Marshall, CEO, Doc2Doc Lending In this episode, David is joined by Dr. Zwade Marshall, an anesthesiologist/pain medicine physician, as well as co-founder and CEO of Doc2Doc Lending. Zwade begins with his background – where he grew up and what got him interested in medicine. Zwade the story behind Doc2Doc Lending–how they evaluate physician borrowers differently than banks do, how their program fared during COVID, and the rate at which they have been growing. David and Zwade then discuss the misconceptions many doctors have around debt, including emotions connected to it and the stress created by debt during training and early years of practice. Zwade explains how Doc2Doc Lending has raised money from physicians in practice to make these loans–the “equity” side of the business. Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.

Revolutionary. Innovative. Technologically Unparalleled. Big.  Join me for an insightful conversation with David Mandell as we discuss the exciting launch of Whiskey House of Kentucky. We explore the expansive 176-acre facility in Elizabethtown, designed for custom whiskey production with advanced technological setups. David shares the ambitious 10-year plan, highlighting the transformational impact and innovative nature of the project, emphasizing the importance of community support and the strategic decision to focus on custom contract customers, drawing from previous experiences at Bardstown Bourbon Company. From the flexible facility design to strong partnerships and a specialized workforce, we discuss the blueprint for achieving unparalleled efficiency and customer satisfaction. Hear about their selective partnership approach, aimed at collaborating with established brands and promising startups alike, ensuring high-quality production. All this while purpose-building a facility that isn't for public consumption in the heart of the Kentucky Bourbon Trail. This is a totally new idea. It's mad. It's massive. And I have no doubt it's going to work.  Thanks everyone for listening, and thank you to David for returning to the Whiskey Ring! Thanks to our Presenting Sponsor, BAXUS Baxus is the world's leading collectible spirits marketplace, with user-friendly options for buyers, sellers, and collectors looking to vault their collections. Use my link below to visit the BAXUS.CO website and sign up!  BAXUS Website BAXUS on Instagram BAXUS on Facebook BAXUS on Twitter/X BAXUS on LinkedIn Thanks to our Lead Sponsor, Black Button Distillery  Black Button Distilling Website Black Button Distilling on Facebook Black Button Distilling on Instagram _________________________________________________________ If you haven't joined the Patreon community yet, please consider doing so at patreon.com/whiskeyinmyweddingring There are 2-3 more spots available at the $25/month bottle share club level.  If you haven't yet, please follow Whiskey in my Wedding Ring and the Whiskey Ring Podcast on Instagram, Facebook and LinkedIn, and subscribe to the newsletter on the website.  Whiskey House of Kentucky Whiskey House of Kentucky Website Whiskey House of Kentucky LinkedIn

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!" Exiting Partners from a Practice with Attorney, Jason Greis. (Originally released on September 8, 2022) Listen in as David chats with nationally recognized healthcare attorney Jason Greis about the important and sensitive topic of creating win-win strategies for exiting retiring partners from a medical practice. Jason begins by describing his firm and practice and then gives some reasons why setting a partner exit pathway is so important for the exiting partners, the practice and younger partners. Jason covers what is typically involved to incorporate exit plans into the legal documents of a practice and why having a solid exit plan can actually be a practice differentiator for recruitment of younger physicians. Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.

Whether you're a seasoned professional or just starting out, finding the right job in orthopaedics can be a complex and daunting task. In this episode, we're examining the tools for making this daunting task as easy as possible. Joining us to share valuable insights on this topic are Dr. Sanjeev Bhatia and David Mandell. Dr. Sanjeev Bhatia is an orthopedic sports medicine surgeon at Northwestern Medical and is on faculty of the Northwestern University Feinberg School of Medicine. He remembers well the stress of evaluating jobs as he came out of training from Northwestern, Rush University and the Steadman-Philippon Research Institute. Even at that stage, Sanjeev was helping his colleagues analyze the financial implications of different jobs, sharing a financial model he had developed. His interest in helping fellow physicians only increased when he changed jobs a few years into his career. Sanjeev writes often on financial and career topics in his monthly column for Orthopedics Today. David Mandell is an attorney in The Law Office of David B. Mandell, PC, and principal of the nationally-known wealth management firm OJM Group, LLC. He holds a bachelor's degree, with honors, from Harvard University. His law degree is from the UCLA School of Law, and he also earned an MBA from UCLA's Anderson School of Management. David has addressed many of the nation's leading medical conferences, including The American Osteopathic Academy of Orthopedics, the American Section of the International College of Surgeons, the American Association of Neurological Surgeons, the American Society of Plastic Surgeons, the Ortho Summit, the American Association of Orthopaedic Executives, and numerous others. In this episode, we answer questions which you might have on navigating the orthopedic job market and making better job decisions like; What are some of the important things that chief residents and fellows do not pay much attention to when looking for jobs? What is “The Doctors Agents” and how does it help young doctors to secure jobs? What are helpful sources to look at when searching for jobs in order to be better prepared? and more. Find out more about The Doctors Agents here: https://www.thedoctorsagents.com/  Learn more about and purchase the AI generated contract review tool here: https://www.thedoctorsagents.com/what-we-do/#ai-contract-eval   

In this 19th and final episode of Season 4, host David Mandell recaps the season's 18 episodes. He briefly summarizes each episode and highlights a pearl or two from each. This can serve as a helpful reminder for listeners who have heard all 18 episodes to revisit ones that they found most valuable, and can motivate those who missed any episodes to listen or watch them during the summer, as we also run our Summer Rewind Series. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

In this episode, host David Mandell, JD, MBA welcomes Dr. Butch Ferguson, a retired oral and maxillofacial surgeon. Their discussion initially covers Dr. Butch's career journey, including his experience in the US Army Dental Corps, both pros and cons -- beginning with his own training, moving up the command chain, training other dentists and oral surgeons for years. David and Butch then dive into his decision to leave the military and join Augusta University as a faculty member in Oral and Maxillofacial Surgery, where he spent a few decades.  Butch discusses the challenges and rewards of teaching in a Level 1 trauma center, dealing with complex surgical cases and severe trauma, as well as the career, financial and business advice he gave to students over the years.  The discussion concludes covering the topic of retirement, including how Butch was not initially prepared for the transition and the toll that took on him.  They then chat about Butch's new business and his newfound energy around that.  Their discussion includes Butch's advice for other doctors approaching retirement on how to “retire well.” Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Listen in to this continuing episode as host David Mandell sits down with Ethan Nkana, JD, MBA, founder of Rocky Mountain Physician Agency and his client, Dr. Erica Mathieu, Chief Medical Officer at Primary Health Solutions.  Here, in part two of this two-episode interview, David begins the discussion with Erica, looking at her situation as a case study – first discovering what her frustrations were with her then-present job, how she found Ethan to help her, and their process of renegotiating her employment contract over the ensuing months. They focus on key success factors, such as leverage through other job offers and the timing of negotiations. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Listen in as host David Mandell sits down with Ethan Nkana, JD, MBA, founder of Rocky Mountain Physician Agency and his client, Dr. Erica Mathieu, Chief Medical Officer at Primary Health Solutions. In part one of this two-episode interview, David begins the discussion with Ethan, covering his background in law and as a hospital administrator, where he used to negotiate physician employment contracts from the employer side. He explains his agency's approach to contract negotiations in representing doctors and the common misconceptions physicians believe which hold them back in getting better deals.    Erica adds to the conversation the physician perspective, commenting that many doctors have a mindset that believes the employer's statement that contract terms are non-negotiable, when, in fact, this is not true.   As this initial part of the conversation concludes, Ethan also emphasizes the crucial success factor of having other quality offer(s) on the table when negotiating your next contract. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

In this Episode of The Bourbon Life Podcast presented by Liquor Barn, Matt and Mark spend some time hanging out in The Bourbon Life Studios with David Mandell, Co-Founder & CEO, and John Hargrove, Co-Founder, COO, and President, of Whiskey House. David was previously a guest on Episodes 117 and 135 and John was previously a guest on Episode 75 The guys talk with David and John about the respective backgrounds and experience, which are absolutely amazing, and how that led them to co-found Whiskey House together, the state of the art facility they are building in Elizabethtown, Kentucky and, for the very first time, they reveal 6 of the brands they are partnering with for production, and they also discuss the current state of the Bourbon market and what the future looks like for the industry overall and Whiskey House.  They also taste and review expressions from 6 of the brands that Whiskey House will be partnering with for production, including Whiskey JYPSI Explorer Series, Milam & Greene Rye Finished in Port Wine Casks, Lucky 7 The Frenchman Bourbon, E.J. Curley Small Batch Bourbon, Chicken Cock Double Oak Bourbon, and Calumet Farm 8-Year Bourbon. This Episode of The Bourbon Life Podcast is presented by Liquor Barn and is also sponsored by Penelope Bourbon, Limestone Farms Bourbon, VisitLEX, Bluegrass Distillers, The Stave Restaurant, Three Chord Bourbon, Pappy & Company, and The Kitchen Table at James B. Beam Distilling Co.  Check out all of our amazing sponsors online at:  www.liquorbarn.com  www.penelopebourbon.com www.limestonefarms.com www.visitlex.com       www.bluegrassdistillers.com                   www.thestavekentucky.com  www.threechordbourbon.com www.pappyco.com www.visitthekitchentable.com

Listen in as host David Mandell chats with two CPAs from the firm Aprio who specialize in serving medical and dental practices. They share insights on managing finances, increasing profitability, and understanding key numbers in a healthcare practice. The discussion covers the importance of understanding financials, key performance indicators, and strategies to increase profitability in a healthcare practice. David, Chelsea and Mary Kathryn also cover the impact of staffing costs, the potential benefits of fee-for-service models, and the importance of regular financial reviews. Key Takeaways: Understanding, analyzing, and managing financial numbers are key to optimizing a medical practice's profitability. Regularly evaluating and adjusting fees is crucial for practices that have control over what they charge. Proactive, forward-looking advice is more beneficial than mere tax preparation. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Listen in or watch as podcast host David Mandell sits down with optometrist Dr. Mike Neal.  David centers this discussion on the challenges of hiring within medical practices and how Dr. Neal's experiences with hiring difficulties in his own practice led him to create Build My Team, a service designed to assist medical practices in overcoming staffing challenges. David and Mike initially cover common mistakes in the hiring process, such as relying too heavily on resumes and interviews, which, in Mike's experience, often do not accurately reflect a candidate's capabilities or fit for a position. David then asks Mike to explain the importance of using assessments to identify a candidate's natural talents and strengths, a strategy inspired by Mike's research on the hiring practices at companies like Disney and the Four Seasons. Mike argues that traditional hiring methods are inefficient and can lead to costly turnover, advocating for a more strategic approach that prioritizes quick decision-making and the identification of candidates who are inherently suited for specific roles. David also asks Mike to touch base on the impact of AI on modern job application processes on hiring, including the challenges employers face in navigating a landscape where candidates can apply to thousands of jobs with a single click. The episode concludes with Mike offering advice to practice owners on improving their hiring processes and adapting to the changing dynamics of the job market. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

Just as you mend bones and restore mobility, it's equally crucial to safeguard your hard-earned assets from unforeseen risks and challenges. In this episode, David Mandell joins us as we embark on a journey to explore the strategies, insights, and practical tips tailored towards protecting your assets as an orthopaedic. David Mandell is an attorney in The Law Office of David B. Mandell, PC, and principal of the nationally-known wealth management firm OJM Group, LLC. He holds a bachelor's degree, with honors, from Harvard University. His law degree is from the UCLA School of Law, and he also earned an MBA from UCLA's Anderson School of Management. Mr Mandell is the author of more than fifteen books written specifically for doctors. These include the past book Wealth Protection Planning for Orthopaedic Surgeons & Sports Medicine Specialists and his most recent Wealth Planning for the Modern Physician: Residency to Retirement, which is also the title of a podcast Mr. Mandell hosts, now in its 3rd season. His expertise from these books has allowed him to write articles in over 100 publications, including AAOS Now and Orthopedics Today, where he and orthopedic surgeon Dr. Sanjeev Bhatia have an ongoing monthly column called Forward Thinking. He has also appeared as an authority on television, including Fox and Bloomberg TV. Mr. Mandell has addressed many of the nation's leading medical conferences, including The American Osteopathic Academy of Orthopedics, the American Section of the International College of Surgeons, the American Association of Neurological Surgeons, the American Society of Plastic Surgeons, the Ortho Summit, the American Association of Orthopaedic Executives, and numerous others. In this episode, David shares about protecting your assets, and he shares some informative points on queries you may have about asset protection, like: What is asset protection and why should orthopedists care about it? What type of risks are orthopedists concerned about? Doesn't insurance protect us against these risks? What are some examples you've seen where doctors' assets have not been protected? What kind of assets are we talking about protecting? And more! Get a free book from David on Wealth Planning by following the steps: Step 1: Visit ojmbookstore.com Step 2: Enter promo code NAILEDIT23 at checkout. or simply Text NAILEDIT23 to 844-418-1212 and click the link in the reply text to order.   This episode is sponsored by Lawrence B. Keller of Physician Financial Services.  Larry has been dealing with disability insurance and term life insurance for physicians, and other healthcare professionals, since 1990. In many cases, Larry has access to Guaranteed Standard Issue (GSI) disability insurance policies for Medical Resident and Fellows that does not require medical underwriting. To learn more or to have your existing policies reviewed, feel free to reach out to Larry at (516) 677-6211, by email to Lkeller@physicianfinancialservices.com or visitwww.physicianfinancialservices.com. While he might not be a doctor's first phone call regarding their insurance needs, he is often their last.

Listen in as host David Mandell interviews Shannon Seeberan, the co-founder of CloudMedSpas, a platform that enables physicians and medical practitioners to maximize practice revenue by monetizing their unused medical space. The discussion starts with Shannon's career, as she explains how she transitioned from publishing and advertising to aesthetic medical practice growth, leveraging her deep understanding of the business side of medicine—a passion influenced by her family background in healthcare. Shannon highlights the challenges many physicians face in managing the business aspects of their practices, such as staff management, efficiency, and planning for future growth. Shannon's tells David how her work prior to CloudMedSpas primarily involved consulting with physician-owned practices to improve their business operations, emphasizing the integration of aesthetic services to enhance revenue. Shannon then shares her passion for supporting female entrepreneurship through pro bono consulting, highlighting the synergies between this work and her role at CloudMedSpas. Shannon then explains to David and the audience the business pivot from Vansanity to CloudMedSpas and its broader application, allowing physicians of all types to monetize underutilized space by renting it out to aesthetic practitioners.  Shannon provides specific examples of how different types of healthcare providers, including dentists and gastroenterologists, have successfully integrated this model into their practices. In conclusion, Shannon encourages interested listeners to reach out for more information on how CloudMedSpas could potentially benefit their practices. Learn more, including additional show notes, links, and more, by visiting physicianswealthpodcast.com.

We're on location at Whiskey House with two of its co-founders, David Mandell and John Hargrove. Located in Elizabethtown Kentucky, Whiskey House is heading into the final stages of construction and plans to be the most sophisticated, technically advanced producer of custom bourbon and American whiskey in the United States. We learn about their plans to satisfy a unique need in the whiskey world and potentially disrupt the current sourced whiskey market. Whiskey House's sole focus is their customers and, in that vein, this facility will not be open to the public. The Whiskey House will assist its customers in every step from grain to bottle, offering full customization and brand support along the way.  We can't thank Whiskey House enough for giving Bourbon Lens a peek inside their facility and for telling their story through our podcast. To learn more before the facility begins full production in July 2024, visit www.whiskeyhouse.com. Stream this episode on your favorite podcast app and be sure to drop us a review while you're there.  We are thankful for your support over the last 5 years. We must give the biggest shoutout to our growing Patreon Community of supporters! As always, we'd appreciate it if you would take a few minutes time to give us feedback on Bourbon Lens podcast. If you enjoy our content, consider giving us a 5 Star rating on your favorite podcast app, leave us a written review, and tell a fellow bourbon lover about our show. Follow us @BourbonLens on Instagram, Facebook, LinkedIn and X.  Also, consider supporting Bourbon Lens on Patreon for some of the behind the scenes, to earn Bourbon Lens swag, join the Bourbon Lens Tasting Club, and more. If you have any comments, questions, or guest suggestions, please email us at Info@BourbonLens.com. Check out BourbonLens.com to read our blog posts, whiskey news, podcast archive, and whiskey reviews. Cheers,Scott and JakeBourbon Lens About Whiskey House: Whiskey House of Kentucky is the most sophisticated, technically advanced producer of custom bourbon and American whiskey in the United States. Located on a 176-acre campus in Elizabethtown, Kentucky, Whiskey House is the first facility designed from the ground up for large-scale, flexible, custom whiskey production. Whiskey House provides unparalleled customer service, competitive pricing, and complete transparency into the manufacturing process for its Custom Whiskey Production customers. It will begin operations in July 2024. To learn more, visit www.whiskeyhouse.com.

Insights from A Surgeon, Team Physician & Entrepreneur with Dr. Brian Cole Listen in as host David Mandell speaks with orthopedic surgeon Dr. Brian Cole. David and Brian begin the discussion with an overview of Brian's career journey, his decision to earn an M.B.A. and his thoughts on the importance of business acumen in the medical field. David asks Brian about the unique structure of his practice and academic work and then his experience working as team physician for a number of Chicago's professional sports teams – both the pros and the cons. Brian and David then chat about Brian's involvement in healthcare-related businesses and why he focuses on business activity that relates to what he is doing medically.  They also discuss Brian's leadership roles in professional societies, including what his advice is for the young physicians he trains or speaks to on career, financial, and business matters. Finally, Brian tells David and the audience about his own podcast, Sports Medicine Weekly. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

In the second part of the podcast, host David Mandell continues his conversation with investment banker Clint Bundy and private equity principal Matt Ebbel, focusing on the factors that contribute to successful mergers and acquisitions (M&A) in the healthcare sector, including medical, dental, and veterinary practices. They delve into what makes a practice an attractive acquisition target, the importance of cultural and strategic alignment, and future trends in healthcare M&A. Matt Ebbel emphasizes the importance of considering the "day after" a sale, where physicians might find themselves with new responsibilities and a change in their work dynamics. He stresses the need for ownership alignment, candid dialogues about success, and the importance of evaluating the financials, doctor and staff retention, and the culture of a practice. Red flags include a lack of alignment, high turnover, and compliance issues. Ebbel also touches on the importance of setting realistic expectations regarding income adjustments post-acquisition to ensure a fair and sustainable deal and the value of physicians working with a financial advisor to see how a deal impacts their personal financial goals. Clint Bundy outlines the "three legs of the stool" approach to evaluating practices: stability, profitability, and growth, with scale as a possible fourth factor. He emphasizes that while scale is beneficial, it's not a must-have for a practice to be considered strong. Bundy also highlights the necessity of running a competitive process to ensure the best offers for a practice, stressing the importance of certainty to close alongside the financial offer. Both guests agree on the critical role of cultural fit and strategic alignment between the acquiring and acquired entities. They advise practices to conduct thorough due diligence on potential partners, considering factors like the platform's resources, commitment to medical quality, and the investment partner's track record and vision for leveraging technology. Looking ahead, both Bundy and Ebbel express optimism for the M&A market in healthcare, despite recent macroeconomic challenges. They anticipate continued interest from private equity and possibly an increase in activity as market conditions stabilize. Ebbel specifically mentions potential public offerings by major players as a future benchmark that could spur more interest in the sector. In summary, the podcast provides valuable insights into the complexities of healthcare M&A, offering practical advice for practices considering a sale or partnership. The discussion underscores the need for strategic planning, thorough due diligence, and alignment of values and goals to ensure successful transactions in the ever-evolving healthcare landscape. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

Listen or watch as host David Mandell takes a deep dive into healthcare mergers and acquisitions (M&A), with investment banker Clint Bundy and private equity firm principal Matt Ebbel.  They discuss the advisory and strategic roles they play, aiming to maximize value and find the best partnerships for business or practice owners looking to sell or raise capital. Bundy shares insights into the process of advising healthcare practices, emphasizing building trust, understanding client objectives, and assessing the market for potential transactions. He provides case studies to illustrate the varied scale and scope of deals he has worked on, ranging from solo practices to multi-location consortiums. Ebbel offers a private equity perspective, highlighting the importance of selecting the right partners and platforms for growth or sale, especially in a changing economic landscape influenced by interest rates and market consolidation. He stresses the significance of operational excellence and strategic planning in achieving successful outcomes in healthcare M&A. The discussion also touches on the challenges and opportunities within the healthcare sector, including regulatory hurdles, the impact of economic factors on transaction viability, and the strategic importance of aligning with partners who can add value beyond capital. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

Listen in as host David Mandell speaks to returning guest plastic surgeon Dr. Jonathan Kaplan about adding a weight loss program to a medical practice – both for the patient's health and happiness and the practice's economics. Jonathan begins the discussion with an overview of the current popular weight loss medications Ozempic/Wegovy (semaglutide) and Mounjaro/Zepbound (tirzepatide) and how they work. He then explains how his practice began consideration of a weight loss program for patients – because of both BMI limitations of patients who wanted surgery and due to suggestions from practice staff. David and Jonathan then delve into the various elements a physician must consider when evaluating and then implementing a weight loss program for this/her patients., including how to scale it as a subscription business model. The podcast concludes with a discussion of how the same business process of evaluating and implementing a weight loss program could be applied by a physician to other modalities, including hormone replacement, IV therapy, cosmetic therapies and more. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

Listen in as host David Mandell chats with Certified Financial Planners Bob Peelman, Adam Braunscheidel, and Andrew Taylor from the OJM Group on three wealth planning topics that are relevant for 2024. David begins by discussing with Bob Peelman the basics of 529 plans, including the two types of plans, tax benefits, planning flexibility factors and more.  Bob also delves into the new rules coming into effect in 2024 regarding the Roth IRA transfer provisions for unused 529 plan balances. David then turns to Adam Braunscheidel to discuss HSAs.  He explains the importance of having a High Deductible Health Plan (HDHP) to qualify for an HSA and the potential of HSAs as a retirement savings vehicle, taking advantage of their unique triple tax benefit. Adam discusses the tactic of using HSAs for long-term savings by paying current medical expenses out-of-pocket and reimbursing oneself later from the HSA through tax-free distributions. Finally, David chats with Andy Taylor about the question of whether to invest in bonds or hold cash, particularly in the context of recent interest rate fluctuations and inflation rates. Andy explains the inverse relationship between interest rates and bond prices, and how this impacts investment decisions and how the environment as they record the podcast (4th Quarter 2023) is much different than it was 6, 12, or 18 months ago. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

Listen in as host David Mandell interviews Dr. Madan Kandula, ENT surgeon, entrepreneur, and CEO of Advent, which he has grown to over 250 team members across 18 locations, serving over 1500 new patients monthly. Dr. Kandula shares his background, including a brief description of his family's immigrant story from India, emphasizing the struggles his parents overcame and how this impacted his life and career.  The conversation shifts to Dr. Kandula's career journey, starting with his first job out of training, where he initially joined a solo practice in Milwaukee which went terribly, eventually motivating him to start his own practice, Advent. He highlights the importance of providing outstanding patient care and building a strong referral network, and how these principles contributed to the growth of his practice. Dr. Kandula then delves into the decision to partner with a private equity firm in 2020, a move aimed at expanding and professionalizing the organization. He emphasizes the importance of coming into such partnerships from a position of strength and how his unique approach to healthcare made Advent a successful venture. The podcast concludes with Dr. Kandula stressing the significance of mindset in both personal and professional growth. He encourages physicians to recognize their power and potential, and to develop a strong, positive mindset through daily practice and habits. Learn more, incluing key takeaways and insights, as well as being able to listen to this and past episodes by visiting www.physicianswealthpodcast.com.

Have you ever wondered what it takes to make a successful transition from one industry to another? Our guest, David Mandell, CEO of the Whiskey House of Kentucky, shares his fascinating journey from practicing law to distilling whiskey. He gives us a peek into the close-knit world of bourbon, introducing us to a community that thrives on trust, relationships, and a shared passion for the spirit. We explore the unique role that Whiskey House of KY will play in the marketplace, and how their commitment to customer service and quality will set them apart.David also takes us behind the scenes of his time with Bardstown Bourbon Company' He talks about the sale and what it meant to his association with Kentucky Owl. We learn about the intricate process involved in building a distillery from scratch, and the importance of being an active member of the local community. The possibility of industry growth and exciting future expansions are also discussed, providing a comprehensive overview of the current state of the bourbon industry.As we wrap up, we delve into the creation of the Bourbon Festival Guild in Bardstown, and how it brings passionate bourbon lovers together. David discusses the significant role of podcasts and social media in connecting brands with consumers, and the exciting projects under development in Bardstown. We conclude with a reminder to promote responsible drinking and living life to its fullest. So, pour yourself a glass of your favorite whiskey, and join us for this enlightening conversation with David Mandell. Support the showhttps://www.scotchybourbonboys.com

What do you call a distillery with no brands of its own? A contract (or custom) distiller creates whiskies for its clients, and many of Kentucky's largest distillers have often sold excess capacity by distilling for others. Bardstown Bourbon Company pioneered the current wave of contract distillers in Kentucky, and co-founder David Mandell is now one of the partners behind the new Whiskey House distillery. It will focus exclusively on custom distilling for its clients, and David Mandell will explain why on this week's WhiskyCast In-Depth. In the news, Midleton Distillery's brand-new visitors center is closed after this week's flooding caused extensive damage, while time is running out to avoid a return to tariffs on exports of American whiskies to Europe.

Follow along with our Nailed it Board/OITE Podcast Companion book. Get your copy by clicking here >> https://a.co/d/cr4i8nD  Enjoy another episode from our board review series featuring Dr. Cole and Dr. Woolwine. This episode is sponsored by the OJM Financial Group Do you want to make $20 for 5 minutes of your time?  David Mandell is a 3-time guest on this podcast and his firm has designed a survey to learn what young doctors care about when it comes to finances.  The first 30 of you who complete the survey get a $20 Amazon gift card.  20 bucks for 5 minutes. Not bad! To get a link to the survey, just text GET20 to 844-418-1212. Thats G-E-T-2-0 to 844-418-1212.  OR click the link below   https://www.ojmgroup.com/contact/subscription-wealth-management-survey-2023/ Or you can scan this code    

Get a FREE BOOK by doing the following steps: Step 1: Visit ojmbookstore.com Step 2: Enter promo code NAILEDIT23 at checkout or simply Text NAILEDIT23 to 844-418-1212 and click the link in the reply text to order. _______________________ Listen to our episode with David Mandell on Finding Financial Advisors. David is an attorney in The Law Office of David B. Mandell, PC, and principal of the nationally-known wealth management firm OJM Group, LLC. Mr. Mandell is the author of more than fifteen books written specifically for doctors. These include the past book Wealth Protection Planning for Orthopaedic Surgeons & Sports Medicine Specialists and his most recent Wealth Planning for the Modern Physician: Residency to Retirement, which is also the title of a podcast Mr. Mandell hosts, now in its 3rd season. His expertise from these books has allowed him to write articles in over 100 publications, including AAOS Now and Orthopedics Today, where he and orthopedic surgeon Dr. Sanjeev Bhatia have an ongoing monthly column called Forward Thinking. He has also appeared as an authority on television, including Fox and Bloomberg TV. Mr. Mandell has addressed many of the nation's leading medical conferences, including The American Osteopathic Academy of Orthopedics, the American Section of the International College of Surgeons, the American Association of Neurological Surgeons, the American Society of Plastic Surgeons, the Ortho Summit, the American Association of Orthopaedic Executives, and numerous others. Mr. Mandell holds a bachelor's degree, with honors, from Harvard University. His law degree is from the UCLA School of Law, and he also earned an MBA from UCLA's Anderson School of Management. In this episode, David shared about finding the right Financial Advisor. And he shared some informative points on queries you may have about finance, like: The 3 key elements of wealth planning that are applicable for young physicians, even us in training Importance of Savings. Finding a financial advisor that is right for you.  What's your number one rule when advising a physician on finding an advisor? What is fiduciary? Four key questions we can ask a financial advisor. And more! This episode is sponsored by Locumstory:   Everyone has a story. Different needs, wants, and goals, and how to attain them. Your story determines your solution. Whatever your situation and story, locum tenens should be part of the conversation. How do you find out if locums is a good option for you? Go to an unbiased, informative source like locumstory.com. You'll learn all the ins and outs of locums, details on travel and housing, assignment coordination, tax information, and more. You'll also hear firsthand stories from locums physicians from all walks of life, so you get a bigger picture of the diverse options. Get a comprehensive view of locums, and decide if it's right for you  at www.locumstory.com.

Listen to our episode on Perilunate Injuries as Dr. Dunn gives us an excellent overview! Dr. Dunn is a nationally recognized sub-specialist upper extremity and nerve surgeon, who is an Assistant Professor of Surgery at Uniformed Services University and a Clinical Associate Professor of Surgery at Texas Tech University Health Sciences Center. Dr. Dunn graduated with a degree in Molecular Biology from Colgate University. While at Colgate, Dr. Dunn was named a Lowe's All American in Division I NCAA athletics. Dr. Dunn then earned his medical degree at Michigan State. He completed his orthopaedic surgery residency at William Beaumont Army Medical Center where he was named the chief resident, researcher of the year, and distinguished resident of the year. Dr. Dunn then completed a hand and microvascular surgery fellowship at the prestigious Walter Reed National Military Medical Center. In 2018 Dr. Dunn was bestowed the Mazurek Award – which is given to the top orthopaedic surgeon scholar in the United States Military. Dr. Dunn also served as chief of orthopaedics in Operation Inherent Resolve in Baghdad, Iraq.  Learn more about Dr. Dunn at www.johndunnmd.com Goal of episode: To develop a baseline knowledge on Perilunate Injuries. We cover: wrist ligament anatomy Perilunate Injury mechanism physical exams wrist imaging non-operative treatment operative treatment option operative techniques Show notes at : www.naileditortho.com/perilunate This episode is sponsored by OJM Financial Group Do you want to make $20 for 5 minutes of your time?  David Mandell is a 3-time guest on this podcast and his firm has designed a survey to learn what young doctors care about when it comes to finances.  The first 30 of you who complete the survey get a $20 Amazon gift card.  20 bucks for 5 minutes. Not bad! To get a link to the survey, just text GET20 to 844-418-1212. Thats G-E-T-2-0 to 844-418-1212.  OR click the link below  https://drive.google.com/file/d/1Lkpo3knKzKlTN_49I84N1TCdHvu5DFdW/view?usp=drive_link Or you can scan this code  

Join host David Mandell as he revisits and highlights 7 episodes from Seasons 1 and 2 of The Wealth Planning for the Modern Physician podcast. “I think that all of the episodes are great and provide value for our listeners,” says David, “but I selected a few that offer intriguing ideas and a unique perspective for physicians in 2023.”  Insights a Few Years Beyond a Private Equity Transaction with Dr. Steve Hamilton and CEO Andy Blankemeyer Originally released March 3, 2022 For the seventh and final installment of the 2023 Summer Rewind Series, David looks back to Episode 2.15, where he chats with orthopaedic surgeon Dr. Steve Hamilton and practice CEO Andy Blankemeyer. Steve and Andy share lessons learned from a private equity investment into their practice from the unique viewpoint of more than two years after the transaction. They cover the evaluation process used to select the right PE firm, ways they overcame objections from some of the practice physicians, and steps they are taking to handle rapid growth and other post-transaction challenges. David selected this episode because of the current industry trend toward M&A deals and private equity investment in medical practices. Physicians of all specialties, along with their practice executives, can gain valuable insights from the advice and perspectives shared by Dr. Hamilton and Andy Blankemeyer. Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.

Join host David Mandell as he revisits and highlights 7 episodes from Seasons 1 and 2 of The Wealth Planning for the Modern Physician podcast. “I think that all of the episodes are great and provide value for our listeners,” says David, “but I selected a few that offer intriguing ideas and a unique perspective for physicians in 2023.”  Improving How You Work With Your People with Frank Maselli Originally released February 17, 2022 David takes a look back at Episode 2.14 for the sixth segment of the 2023 Summer Rewind Series. The episode features Frank Maselli, a speaker, author, trainer and coach, who works with employers to help them improve their hiring strategies for new employees and interactions with current team members. David and Frank discuss assessment tests and how Frank uses test results to evaluate groups of employees at all types of companies and organizations, including medical practices and even OJM Group.  Frank offers valuable advice to employers on hiring the right person for the job and getting the most out of the people they already have. Physicians who are employers and practice owners, as well as those who are employees, can benefit from Frank's insights on team building, performance motivation, and interacting with others at any level of an organization. Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.

Join host David Mandell as he revisits and highlights 7 episodes from Seasons 1 and 2 of The Wealth Planning for the Modern Physician podcast. “I think that all of the episodes are great and provide value for our listeners,” says David, “but I selected a few that offer intriguing ideas and a unique perspective for physicians in 2023.”  Expert Insights on Asset Protection with Bo Loeffler, Esq. Originally released September 30, 2021 For the fourth installment of the 2023 Summer Rewind Series, David revisits Season 2, Episode 5, where he chats with Bo Loeffler, an author and nationally recognized asset protection attorney. Like David, Bo comes from a family of physicians, but gravitated to a career in the law, where he has specialized in asset protection for lottery winners, business owners and physicians. Bo and David discuss tools often used in asset protection planning, including insurance, exempt assets, LLCs and trusts, and outline key success factors for each and pitfalls to avoid. David highlights this episode because asset protection is often a hot topic for doctors, largely due to recent high-profile cases that have resulted in significant verdicts against physicians and medical practices. If protecting assets for yourself, your family and your practice is of interest to you, you'll gain valuable insights from David's conversation with Bo Loeffler. Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.  

At every stage of your career, there are important aspects of your financial life to be conscientious about, and the sooner that residents and young doctors can start on a path toward financial literacy and preparedness, the easier things will be later on. On the show today to talk about the basics of asset protection and wealth building is David Mandell from OJM Group. David does a great job of laying out the landscape and highlighting the most fundamental areas to address, from insurance and taxation to interest and personnel; listeners will come away with both motivation and actionable tips to implement immediately. David speaks about how he found his way to his current role, how to go about assessing potential financial advisors, and central procedures at OJM Group. He shares a special offer on their resources that you will not want to miss, so make sure to tune in to this great show!Key Points From This Episode:David talks about his recent webinar on retirement planning. A look at David's career path and route from law school to his current focus in wealth management. Financial advice from David for residents and the early stages of a career. Compound interest, taxation buckets, and making the best decisions about time and energy.The most important factors and questions to consider when finding a financial advisor. David explains the meaning of the word fiduciary. Comments on the pros and cons of a 401k and its alternatives. Understanding 'tax-free' or 'cash-value' life insurance and the literature David has published on the subject. Getting hold of some of David's amazing resources and the special he is offering listeners! A little about the subscription service that OJM is launching soon for young doctors. Links Mentioned in Today's Episode:KLS Martin — https://www.klsmartin.comOJM Group — https://www.ojmgroup.comDavid Mandell Email — David@ojmgroup.comOJM Group Bookstore — https://www.ojmgroup.com/education/bookstoreDiscount Code for Free Books — EOS23 Subscription Wealth Management Survey — https://www.ojmgroup.com/contact/subscription-wealth-management-surveyWealth Planning for the Modern Physician Podcast — https://podcasts.apple.com/podcast/wealth-planning-for-the-modern-physician/id1533682175The doctor's asset protection guide — https://www.amazon.com/doctors-asset-protection-guide-practice/dp/1890415057MassMutual — https://www.massmutual.comVanguard — https://investor.vanguard.com/corporate-portalRobert Kiyosaki — https://www.richdad.comEveryday Oral Surgery Website — https://www.everydayoralsurgery.com Everyday Oral Surgery on Instagram — https://www.instagram.com/everydayoralsurgery  Everyday Oral Surgery on Facebook — https://www.facebook.com/EverydayOralSurgeryDr. Grant Stucki Email — grantstucki@gmail.comDr. Grant Stucki Phone — 720-441-6059

Join host David Mandell as he revisits and highlights 7 episodes from Seasons 1 and 2 of The Wealth Planning for the Modern Physician podcast. “I think that all of the episodes are great and provide value for our listeners,” says David, “but I selected a few that offer intriguing ideas and a unique perspective for physicians in 2023.”  Episode 1.13: Financial Therapy 101 with Dr. Gregory Gilot and Erika Wasserman Originally released March 4, 2021 For the third segment of the 2023 Rewind Series, David speaks with Dr. Greg Gilot, an orthopedic surgeon at the Cleveland Clinic in Florida, along with his collaborator, "your financial therapist" Erika Wasserman. David and Greg cover reasons why Greg chose to take time away from his busy orthopaedic practice to get a certification in financial therapy. Greg shares how physicians can benefit from financial therapy and introduces his collaborator Erika and her role as a financial therapist. Because doctors experience a great deal of stress related to money, the availability of financial therapy is something they should be aware of for themselves, their colleagues, and their family members. This episode from 2021 offers a physician's perspective on this important discipline that can help physicians focus on and achieve their long-term financial goals.  Ideas Worth Sharing “We as physicians are high-income earners, but we accrue a lot of debt and we have no financial literacy.” “Let's pay for the past, live in the present while we prepare for the future.” Learn more and listent to this and past episodes by visiting www.physicianswealthpodcast.com.