A healthcare venture is a complicated combination of visionary leadership and the realities of business management.

On this episode of Practice Freedom, Mark sits down again with Dr. Natalie Hone to continue discussing her journey of starting a dermatology practice, from the unexpected administrative burdens to the precious moments of patient care that fuel a founder's passion. Mark shares his personal experiences of healing and growth under Dr. Hone's care, and we peel back the layers of what makes a healthcare business tick, including the resilience required to navigate its complexities.

Striking the right chord in a partnership can turn dreams into successes. Dr. Hone shares insights into her business partnership with Dr. Camila Antia, sharing anecdotes from their collaboration as they grow and define their roles. Trust, open dialogue, and strategic thinking form the core of their partnership philosophy—elements that have been paramount in scaling their business while maintaining personal satisfaction.

Healthcare leadership extends beyond the clinic walls. It's about inspiring a team, cultivating a shared vision, and creating an environment where patient care remains at the heart of operations. In this episode, we discuss strategies for nurturing a strong organizational culture and the wisdom of maintaining patient interaction amidst business expansion.

Join us as we explore the emotional and strategic facets of team building, balancing business acumen with the art of healing, and ultimately, growing a practice that resonates with patients and practitioners alike.

• Dr. Natalie Hone’s experience launching a dermatology practice
• The disparity between pre-launch expectations and post-launch realities
• The benefits and challenges of healthcare business partnerships, including evolving roles and trust dynamics with business partner Dr. Camila Antia
• Open communication and setting clear expectations in the workplace for employee satisfaction and effective management
• Maintaining a balance between the clinical side of healthcare and administrative responsibilities
• Emphasizing continuous learning and improvement
• Strategic decision-making regarding direction, culture, and maintaining service standards without sacrificing personal satisfaction
• Building a team with a shared mission and culture
• Personal growth, balancing business growth with people management, and recognizing the importance of vision and strategic planning

• The Skin People Dermatology website: tspderm.com
• Find The Skin People on Instagram: theskinpeople_
• Email The Skin People: hello@tspderm.com

As always, this is a two-way conversation, and we want your feedback. Let us know if we’re on the right track and you’re getting something from the podcast, or if you have questions or comments on how to make it better. Click here to send Mark a voice memo with your thoughts on each episode. - http://speakpipe.com/practicefreedom

We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Have you ever marveled at a healthcare private practice's powerful engine and wondered what fuels its drive?

On this episode of Practice Freedom, Mark reveals the core of true progress: the underestimated might of discipline and the compounding effect of routine. As Mark reflects on personal triumphs and stumbles, we dissect the role that consistent, bite-sized actions play in steering the ship toward long-term success, carving out a discussion that's as much about self-improvement as it is about business acumen.

Mark weaves together setting realistic goals with the neurological wonders of habit formation. We're exploring the everyday grind that builds success. From the importance of celebrating small victories to the impact of daily investments in our future, this episode is a deep dive into the mechanics of building a disciplined life and thriving business that stands the test of time.

Join us as we unpack a philosophy that could redefine your definition of achievement.

• The importance of discipline and routine over seeking immediate results in healthcare practice success
• The myth of “life-changing workouts”
• Advocating for achievable, consistent goals that lead to sustainable growth
• The neurological benefits of habit formation
• How facing challenges can increase happiness and efficiency
• The dangers of overly ambitious goals and the motivational power of incremental progress and small victories
• The long-term impact of daily investments and shifting from immediate gratification to delayed rewards for lasting satisfaction
• Setting realistic goals and establishing disciplined routines for personal and professional development
• Appreciating discipline through small, consistent habits in their healthcare practices

• www.markhendersonleary.com

As always, this is a two-way conversation, and we want your feedback. Let us know if we’re on the right track and you’re getting something from the podcast, or if you have questions or comments on how to make it better. Click here to send Mark a voice memo with your thoughts on each episode. - http://speakpipe.com/practicefreedom

We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Navigating the financial intricacies of healthcare practice ownership can be daunting, but with co-owner and CFO of Econologics Financial Advisors Eric Miller’s expertise, you're in for a wealth of knowledge.

On this episode of Practice Freedom, Mark sits down with Eric to unravel the ACE model—Acquire, Control, Expand—and view your practice as a pivotal investment. The conversation ventures into how mindset influences spending and financial strategy, and we address the integration of personal and business financial planning to sculpt a thriving career in healthcare.

The path to mastering money management for business owners is often rocky, but this conversation leads the way to avoiding the pitfalls. We unearth the power of assigning every dollar a purpose, inspired by the “Profit First” system, and discuss the discipline needed for a profit-oriented organization. By examining the approach of treating profit as an expense, this discussion guides healthcare practitioners through financial complexities toward a future of stability and prosperity.

We wrap up the episode by reflecting on diversifying income streams and optimizing business operations for sustained growth. By the end, you'll be equipped with strategies for financial independence and shaping a business culture that resonates with your vision of success and personal fulfillment.

• Eric Miller’s ACE model (Acquire, Control, Expand) for financial mastery in healthcare practices
• The importance of structured financial planning, using profit as an essential expense, and avoiding common financial mistakes for healthcare professionals
• Strategies for personal financial stability, including setting realistic income targets and viewing the business as an investment asset
• Diversifying income sources, allocating business revenue into investments, and building passive income for financial security
• The risks of business dependency on key individuals
• The value of reducing the owner's production to less than 20% for business sustainability and attractiveness to buyers
• How a solid team, clear job responsibilities, and accountability contribute to optimizing business operations and revenue growth
• Industry-specific financial insights for different healthcare professionals,
• The need for understanding business and finance for efficient and profitable practices

• Econologics Financial Advisors website: www.econologicsfinancialadvisors.com
• Find Econologics on YouTube - www.youtube.com/c/FinancialBeast
• Econologics on Facebook - facebook.com/econologicsfinancial
• Connect with Eric Miller on LinkedIn - linkedin.com/in/ericisyourbfff

As always, this is a two-way conversation, and we want your feedback. Let us know if we’re on the right track and you’re getting something from the podcast, or if you have questions or comments on how to make it better. Click here to send Mark a voice memo with your thoughts on each episode. - http://speakpipe.com/practicefreedom

We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.