Brent Lacey is a gastroenterologist and can be reached at the Scope of Practice.

3 reasons why you should take your profit first, before paying expenses

Physician Finance
September 24, 2020

As a business owner, you have one primary role: Make money.

I hate to put it in such callous terms, but that’s the primary aim of any business.  You have to make a profit first if you want to do anything else.  Making a profit isn’t the most important thing.  Your passion, your service, and your desire to help others should be the main motivation behind the business.

Money can not be …

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3 reasons why you should take your profit first, before paying expenses

3 powerful ways physicians can invest in real estate

Physician Finance
July 23, 2020

It’s not hard to get started in real estate investing, but it can feel overwhelming at first. There are so many questions to answer!

  • Where do I get the money to do it?
  • How do I find the “right” property?
  • Do I have time to be a landlord right now?
  • Is it really worth the investment?

Financial security is an illusion, if your only income is from your main job. Read more…

3 powerful ways physicians can invest in real estate

Stop the war on PAs and NPs

Physician
January 18, 2020

I think it’s time for physicians to end the assault on the clinical practices of PAs and NPs.

Are you worried about PAs and NPs taking your job? If you’re a good doctor, you should stop worrying. Great PAs and NPs are everywhere, and I think it’s time physicians embraced them.

PAs and NPs have excellent skills

My first rotation as a third-year medical student was in the emergency department. There was a …

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Stop the war on PAs and NPs

Physicians: Why you need a personal board of directors

Physician Finance
December 31, 2019

Why do you need professional advisors?

If you were the CEO of a company pulling in $15 million in top-line revenue, you wouldn’t be managing that organization by yourself, right?

You’d have a team of trusted professional advisors in your “C-suite” to help you manage the business. You would have a director of human resources, a chief operations officer, a chief financial officer, and probably ten other people to manage different parts …

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Physicians: Why you need a personal board of directors

9 hacks that will increase your clinical efficiency immediately

Health Technology
December 1, 2019

I recently spoke with a colleague who transitioned out of the military in the last year. He was previously excited about his new job opportunity, but now a year later, he tells me, “I hate civilian medicine.”

I was surprised because he had been excited about the opportunity to teach in a residency program again. He said, “I love teaching, and I love the residents. …

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9 hacks that will increase your clinical efficiency immediately

Debunking the myth that life gets easier once you finish medical training

Physician
November 11, 2019

Residents and fellows around the country have bought into the “medical training myth.” The myth states: “Life will get so much better when I finish residency/fellowship.”

Sadly, too many house staff buy into this false belief and experience tremendous letdown when they graduate.

Residents often see their attending stroll into the team room with a cup of coffee at 8 a.m., ready to round. Meanwhile, they think, “I’ve been …

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Debunking the myth that life gets easier once you finish medical training