The Financial Beast Podcast for Practice Owners

State of Physical Therapy Sales: How to Build a Valuable PT Practice with Host, Eric Miller & Guest, Steve Stalzer

Maximize Your Exit: Unlock the secrets to expanding your business and building personal wealth with confidence. If you're a practice owner eager to take back CONTROL over your financial destiny, this video is your first step towards financial freedom. Join Eric Miller and Steve Stalzer from 8150 Advisers as they delve deep into the crucial strategies for maximizing the value of your practice. Whether you're contemplating an exit strategy, aiming to bolster your practice's valuation, or just seeking to become a Financial Beast, this expert discussion offers indispensable insights. Connect with us on social media to continue the conversation and discover more wealth-building strategies tailored for practice owners like you. Please note, while we strive to provide valuable financial insights, Econologics Institute, LLC, affiliated with Econologics Financial Advisors, offers general advice. For advice tailored to your specific situation, consult your own professionals. Remember, Econologics does not provide individualized financial, legal, or tax advice. Dive into the world of financial training and take the first step towards securing your legacy and maximizing practice value today. Your journey to financial freedom and becoming an empowered practice owner starts here.

State of Veterinary Practice Sales & How to Exit on Top hosted by Eric Miller with Guest, Roger Redman

Maximize Your Practice's Value with Expert Insights tailored for vets! Dive into our latest video, where financial wizard Eric Miller and the unparalleled Roger Redman from the Ackerman Group unravel the secrets to taking back CONTROL of your veterinary practice. Learn how to leverage your business, build personal wealth, and ensure you're playing at the top of your game. Connect with us on social media for daily tips on wealth building and expanding your business. Our expert-led courses and personalized consultations are designed to empower practice owners like you to become Financial Beasts, even in the face of recession. Powered by the Econologics Institute, LLC, and in affiliation with Econologics Financial Advisors, we bring you reliable, actionable strategies that make a difference. Remember, while our advice is rooted in deep industry knowledge, it's essential to consult your own professionals for personalized guidance. Econologics does not offer individualized financial, legal, or tax advice. Our goal is to equip you with the knowledge and confidence to make informed decisions for your practice's future. Join our community of savvy vets who refuse to let economic downturns dictate their success. Subscribe now and take the first step towards unparalleled financial success.

Expert Advice on Safeguarding Your Wealth with Host, Eric Miller & Guests: Brad Fincher & Halsey Schreier

Are you planning to sell your business? In this episode of the Financial Beast podcast, host Eric Miller is joined by Brad Fincher and Halsey Schreier from CIBC Private Wealth to discuss the importance of planning for your financial future after selling your business. They highlight common mistakes made by business owners when they come into a large sum of money and provide valuable insights on how to protect and grow your wealth. Topics covered include pre-planning for the sale, the importance of having a trusted team of professionals, legacy planning, risk management, alternative investments, and the potential impact of changes in tax laws. Don't miss this episode if you want to make the most of your business sale and secure your financial future.

Maximizing Practice Profits: Tips for Healthcare Practice Owners with Host, Eric Miller & Guest, Mike Nula

In this episode of the Financial Beast podcast, host Eric Miller interviews Michael Nula, a successful healthcare practice owner and consultant, about the importance of profit in running a practice. They discuss the mindset shift required to prioritize profit and the various ways it can be utilized to support the growth and stability of a practice. Nula emphasizes the need for practice owners to treat profit as an expense and plan for it accordingly, rather than hoping it will magically appear at the end of the month. He also shares insights on setting profit margin targets, controlling expenses, and leveraging technology to increase profitability. Nula highlights the value of profit in determining the overall worth of a practice and the importance of planning for a successful exit strategy. Overall, this episode provides valuable advice and practical steps for healthcare practice owners to maximize their profits and build a thriving practice.

How to Successfully Transition to a Partnership in a Healthcare Practice Hosted byEric Miller & Guest, Brad Pierson, DDS

In this episode of the Financial Beast Podcast, host Eric Miller interviews Brad Pierson, an orthodontist who successfully transitioned his practice to a partner. They discuss the importance of having an exit strategy from the beginning and the key factors to consider when bringing on an associate and eventually transitioning to a partner. Brad shares his experience of finding the right associate, establishing compatibility, and structuring the buy-in process. He emphasizes the significance of having systems in place and a solid team to support the transition. Brad also highlights the importance of open communication, shared responsibilities, and setting realistic financial goals for both parties. This insightful conversation offers valuable insights for healthcare owners who are considering transitioning their practice.

Harnessing the Power of AI in the Medical World with Host, Eric Miller & Guests Daniel Stewart & Greg Martinez

In this episode of the Financial Beast Podcast, Eric Miller interviews Daniel Stewart and Greg Martinez from Athelas, a medical tech company. They discuss the importance of integrating advanced technology, such as artificial intelligence (AI), into the medical field. Stewart and Martinez explain how Athelas uses AI and advanced algorithms to help medical practices increase their revenue and reduce overhead costs. 
They highlight the challenges that practice owners face with insurance reimbursements and denials, and how Athelas' technology can streamline the billing process and improve first-time pass rates for claims. The guests also address the concerns and misconceptions around AI and emphasize the need for practices to adapt and embrace technology to stay competitive in the evolving healthcare landscape.

Life After Selling Your Veterinary Practice with Host, Eric Miller & Guest, Leslie Sirmons, DVM

In this episode of the Financial Beast Podcast, host Eric Miller interviews Dr. Leslie Sirmons, a veterinarian who successfully sold her practice and transitioned into a new phase of her career and life. Dr. Sirmons shares her experience of making the decision to sell, the process of selling to a corporation, and the emotional and mental challenges she faced during and after the transition. She also offers valuable insights into the veterinary industry and the importance of utilizing paraprofessional staff to alleviate the burden on veterinarians. Dr. Sirmons emphasizes the need for strategic planning and financial preparation when considering selling a practice. She highlights the importance of having a clear vision for life after selling and finding purpose in new activities and hobbies. Dr. Sirmons also discusses the rewards and challenges of being a relief veterinarian and the opportunities for growth and learning in this role. Join this engaging conversation to gain valuable insights into the process of selling a veterinary practice and discover the possibilities that await after transitioning out of ownership.

The Price of Expansion with Host, Eric Miller & Guest, Jason Lenhardt

In this insightful conversation, Eric Miller, a business consultant, interviews Dr. Jason Lenhardt, a veterinarian and co-founder of a successful veterinary practice. They discuss the challenges and rewards of expanding a veterinary practice, sharing personal experiences and valuable insights. Dr. Lenhardt shares how they navigated the process of finding a facility, securing financing, and determining the size of the building. He also discusses the importance of aligning with a veterinary-specific lender and the role of personal financial condition in obtaining a loan. Dr. Lenhardt highlights the need for scalability and the importance of having a strong leadership team to support the growth of the practice. He shares how they overcame challenges in managing the transition from a smaller facility to a larger one, including the loss of some staff members. Dr. Lenhardt also emphasizes the significance of maintaining a healthy work-life balance and the importance of prioritizing personal relationships amidst the demands of practice expansion.

How to Expand Your Practice and Involve Your Team with Host, Eric Miller & Guest, Wade Rinehart

In this interview, Eric Miller, also known as the Financial Beast, speaks with Wade Rinehart, owner of First Choice Physical Therapy, about the process of expanding a practice and involving the team in the growth. Wade shares his insights on the importance of transitioning from being a practitioner to an owner and administrator, and how this shift allows for expansion and more financial freedom. He emphasizes the need to involve and compensate the team members to ensure their buy-in and commitment to the expansion process. Wade also discusses the philosophy behind his incentive program, which rewards employees based on the company's profits, and how transparency in finances and goal-setting has contributed to the success of his practice. This interview offers valuable advice for practice owners looking to expand and create a thriving team environment.

The Reality Check: Unfiltered Insights from a Successful PT Owner with Host, Eric Miller & Guest, Johnny Johnson

In this episode of the Financial Beast podcast, host Eric Miller interviews Johnny Johnson, a successful physical therapy practice owner, about his experience with exiting his practice. They discuss the pros and cons of selling to a corporate or private equity group, the importance of emotional and financial readiness before considering an exit, and the strategies and tactics for building wealth and multiple streams of income. Johnny shares valuable insights on the importance of having a strong team, effective marketing, and the need to focus on profitability in order to create a solid financial foundation for retirement. They also touch on the future of the physical therapy industry and the key factors that contribute to a successful practice. Whether you're considering an exit or looking to grow and expand your practice, this episode offers valuable advice for every practice owner.