Shows
Wealth Planning for the Modern PhysicianLocum Tenens Uncovered: Insights from Industry Expert Corey Kleinschmidt (Part 2)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 unders...2025-04-3035 min
Wealth Planning for the Modern PhysicianLocum Tenens Uncovered: Insights from Industry Expert Cory Kleinschmidt (Part 1)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 th...2025-04-1639 min
Wealth Planning for the Modern PhysicianMaximizing Physician Success: Entrepreneurship, Efficiency, and Burnout Prevention with Dr. Jude PierreHost David Mandell welcomes Dr. Jude Pierre back to the podcast for an engaging discussion on physician entrepreneurship, financial pitfalls, and operational best practices. They begin by revisiting common mistakes doctors make when purchasing their first or second home, such as relying on 100% financing and overspending on a house before their career stabilizes. Dr. Pierre emphasizes the importance of financial prudence and warns about the risks associated with early-career real estate decisions. The conversation then shifts to the benefits of hiring a medical scribe, a strategy that transformed Dr. Pierre’s practice. He explains how scribes improve ef...2025-04-0233 min
Wealth Planning for the Modern PhysicianCompounding Controversies to Non-Compete & Practice Exit Challenges: 2025 Legal Trends with Attorneys Michael Byrd and Brad AdattoListen 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...2025-03-1946 min
Wealth Planning for the Modern PhysicianFrom West Point to Wine: Success in Career & Retirement, with Dr. Pat St. PierreListen 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 fo...2025-03-0534 min
Wealth Planning for the Modern PhysicianFrom Practice to Personal Brand: Marketing Strategies for All Doctors, with Kristy LaGourgue and Rachel VargaListen 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 bra...2025-02-1939 min
Wealth Planning for the Modern PhysicianThe 2025 Tax Landscape: Insights on Changes and Planning Strategies, with CPAs Carole Foos & Greg HeimkreiterListen 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 Ac...2025-02-0538 min
Wealth Planning for the Modern PhysicianBalancing Medicine and Entrepreneurship: A Blueprint for Success with Dr. Jude PierreListen 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 wh...2025-01-2236 min
Wealth Planning for the Modern PhysicianChildfree Wealth: Breaking Financial Norms for a Growing Population with Dr. Jay ZigmontListen 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 traditi...2025-01-0836 min
Wealth Planning for the Modern PhysicianSurviving Practice Challenges: A Journey Through Dentistry, Bankruptcy, and Reinvention (Part 2) 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...2024-12-2530 min
Wealth Planning for the Modern PhysicianSurviving Practice Challenges: A Journey Through Dentistry, Bankruptcy, and Reinvention (Part 1)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 an...2024-12-1124 min
Wealth Planning for the Modern PhysicianInsights on Bridging Medicine and Business with Consultant Jessica JonesListen 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 dig...2024-11-2735 min
Wealth Planning for the Modern PhysicianInnovating Healthcare with Hospitality with Dr. Benjamin OstranderListen 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...2024-11-1436 min
Wealth Planning for the Modern PhysicianPractice Key Performance Indicators, Side Hustle Do’s & Don’ts and More with CPA Nolan BradburyListen 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 merge...2024-10-3137 min
Office Hours with David MeltzerEthan Pompeo, Marie Diamond, David MandellEthan PompeoEthan's life took a challenging turn when he was diagnosed with PANDAS, an autoimmune disease, as a child. Refusing to rely on medication, he chose a holistic path to heal his body, mind, and spirit naturally. Today, as a disabled founder, father, and business owner, he leads a company that transforms the health and well-being of others through simple, effective wellness solutions designed for the entire family. His personal journey fuels his mission to empower others to take control of their health naturally.Marie DiamondDame Marie Diamond...2024-10-1754 min
Wealth Planning for the Modern PhysicianElection Season & Your Portfolio: Insights on Weathering Uncertainty with Andrew Taylor, CFPIn 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 An...2024-10-1735 min
Wealth Planning for the Modern PhysicianPivoting after Disability, Medical-Legal Work and More with Dr. Jay Foley (Part 2) 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...2024-10-0327 min
Wealth Planning for the Modern PhysicianPivoting after Disability, Medical-Legal Work and More with Dr. Jay Foley (Part 1) 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 cal...2024-09-1926 min
Wealth Planning for the Modern PhysicianSummer Rewind 2024 #5: Career Moves, Personal Finance & Entrepreneurship with Selene Parekh, MD, MBAThis 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 I...2024-09-0534 min
Wealth Planning for the Modern PhysicianSummer Rewind 2024 #4: Lessons from An Aesthetic Practice Sale with Dr. Steven Dayan and Dominic MazzoneThis 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 Domi...2024-08-2244 min
Wealth Planning for the Modern PhysicianSummer Rewind 2024 #3: Banking for Doctors, by Doctors featuring Dr. Michael JerkinsThis 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...2024-08-0841 min
Wealth Planning for the Modern PhysicianSummer Rewind 2024 #2: Loans for Physicians, From Physicians with Dr. Zwade Marshall, CEO, Doc2Doc LendingThis 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...2024-07-2541 min
Wealth Planning for the Modern PhysicianSummer Rewind 2024 #1: Exiting Partners from a Practice with Attorney, Jason GreisThis 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 3.1 (Originally released on September 8, 2022) Exiting Partners from a Practice with Attorney, Jason Greis Li...2024-07-1141 min
Wealth Planning for the Modern PhysicianHighlights & Insights: Recapping the Episodes of Season 4In 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.2024-06-1337 min
Wealth Planning for the Modern PhysicianLessons from A Career in Military/Academic Oral Surgery… and Retirement with Dr. Butch FergusonIn 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 i...2024-05-3041 min
Wealth Planning for the Modern PhysicianNegotiating The Contract You Deserve with Ethan Nkana, JD, MBA and Dr. Erica Mathieu (Part 2) 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 offe...2024-05-1631 min
Wealth Planning for the Modern PhysicianNegotiating The Contract You Deserve with Ethan Nkana, JD, MBA and Dr. Erica Mathieu (Part 1) 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 conv...2024-05-0222 min
Wealth Planning for the Modern PhysicianKnow Your Numbers with CPAs Chelsea Dorfeld & Mary Kathryn Williamson 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...2024-04-1837 min
Wealth Planning for the Modern PhysicianBetter Methods for Hiring Staff with Dr. Mike Neal 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. ...2024-04-0434 min
Wealth Planning for the Modern PhysicianMaximizing Practice Revenue: Transforming Idle Office Space into Profit with Shannon SeeberanListen 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 gr...2024-03-2136 min
Wealth Planning for the Modern PhysicianInsights from A Surgeon, Team Physician & Entrepreneur with Dr. Brian Cole 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. 2024-03-0748 min
Wealth Planning for the Modern PhysicianA Deep Dive into Medical Practice M&A With Clint Bundy and Matt Ebbel (Part 2)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...2024-02-2233 min
Wealth Planning for the Modern PhysicianA Deep Dive into Medical Practice M&A With Clint Bundy and Matt Ebbel (Part 1) 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 w...2024-02-0829 min
Wealth Planning for the Modern PhysicianAdding A Weight Loss Program to Help Patients and Build Profits with Dr. Jonathan Kaplan 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 an...2024-01-2545 min
Wealth Planning for the Modern PhysicianHot Topics in Wealth Management For 2024 with OJM Advisors Bob Peelman, Adam Braunscheidel, and Andrew TaylorListen 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 Pl...2024-01-1138 min
Wealth Planning for the Modern PhysicianImmigrant Origins, Entrepreneurship, and the Importance of Mindset with Dr. Madan Kandula 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 h...2023-12-2141 min
Wealth Planning for the Modern PhysicianEntrepreneurship & Venture Funding Lessons with Carey Ransom Listen in as David chats with Carey Ransom, a serial entrepreneur, venture capitalist and angel investor. Carey begins by explaining how growing up around a family business fostered his entrepreneurial streak. Carey then discusses what initially captures his interest in an entrepreneurial venture and why he often is skeptical of founders who are in love with their solutions. He and David also spend time delving into the total addressable market (TAM) for a business and why Carey thinks it is imperative to cut that down realistically. Next Carey tackles the topic of boards for startup...2023-12-0743 min
Wealth Planning for the Modern PhysicianStrategically Evaluate & Negotiate Potential Jobs with The Doctors Agents Co-Founders Dr. Sanjeev Bhatia & Dr. Matthew Provencher In this episode, David welcomes back two guests from earlier seasons – orthopaedic surgeons Dr. Sanjeev Bhatia and Dr. Matthew Provencher. Sanjeev and Matt join David to discuss a new venture they’ve founded, along with David, called The Doctors Agents (TDA). Sanjeev and Matt begin with how they identified a need in the marketplace for physicians to know more and achieve better results when evaluating and negotiating jobs. They discuss their personal stories and those they have seen from colleagues and fellows they train and delve into the reasons many physicians tend to evaluate jobs on their own, wit...2023-11-2337 min
Wealth Planning for the Modern PhysicianThe Medical Expert Witness “Side Hustle” with Dr. J. Jordan Romano Host David Mandell chats with Dr. Jordan Romano in Episode 4.4 of the podcast. Jordan talks about his career, how he became involved in working as a medical expert witness, grew the work into a business, and now advises other physicians who are interested in this potential “side hustle.” Jordan begins with the story of how he ended up in medicine and at Harvard and Mass General, as well as the non-traditional steps he took along the way. He relates why business was in his blood, given his family background in banking and finance. Jordan covers how...2023-11-0234 min
Wealth Planning for the Modern PhysicianA Deep Dive Into Real Estate with Colin Carr Listen in as David chats with healthcare real estate expert Colin Carr. Colin begins with his background in real estate in a variety of settings. He then tells the story of how, after seeing physicians do so poorly in deals, he decided to launch a firm dedicated to helping doctors. Next, Colin explains the top mistakes he sees physicians and practices make when it comes to their real estate -- including do-it-oneself, not performing adequate due diligence and more – and what that will cost them in the long run. Colin delves into the choice between lea...2023-10-1943 min
Wealth Planning for the Modern PhysicianAvoiding and Disarming Legal Landmines with Neurosurgeon and Attorney Dr. Jeffrey Segal Dr. Jeffrey Segal, a neurosurgeon, attorney and founder of Medical Justice, returns to the podcast for Episode 4.2, where he and David discuss current legal landmines facing physicians. Jeff begins with the topic of licensing and how doctors typically become involved with investigations into their licenses by state departments and the various outcomes that can occur. He covers private letters of concern, public admonitions, license restrictions, suspensions and revocations. Jeff explains how the economics of a licensure defense case are often worse for the physician than a typical medical malpractice case, and thus implores physicians to...2023-10-0513 min
Wealth Planning for the Modern Physician50 Years in Private & Locums Practice, Business Ventures & More with Dr. Charles Mandell To kick off Season 4 of the podcast, David welcomes a very special guest – his father, radiologist Dr. Charles Mandell. David begins by asking Charlie, as he does with all physician guests, where he is from and what led him to become a physician in general and a radiologist in particular. Charlie shares a bit about his first job out of training and his move to become chairman of a group radiology practice after a few years, including what he learned about the business of medicine. David and Charlie discuss Charlie’s various entrepreneurial business ventures durin...2023-09-2135 min
Wealth Planning for the Modern PhysicianSummer Rewind #7: Private Equity Insights with Dr. Steve Hamilton and CEO Andy Blankemeyer 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 wit...2023-09-0736 min
Wealth Planning for the Modern PhysicianSummer Rewind #6: Improving How You Work With Your People with Frank Maselli 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...2023-08-2438 min
Wealth Planning for the Modern PhysicianSummer Rewind #5: The Navy SEALS to the New England Patriots with Dr. Matthew Provencher Orthopedic Experiences: The Navy SEALS to the New England Patriots with Dr. Matther Provencher Originally released October 28, 2021 For the fifth installment of the 2023 Summer Rewind Series, David revisits Season 2, Episode 7, where he chats with orthopaedic surgeon Dr. Matthew Provencher. Dr. Provencher is a long-time client of OJM Group and is currently collaborating with David on some educational ventures for physicians. Matt has had a remarkable career, which includes military service as a naval surgeon treating Navy SEALS and work with the New England Patriots and Boston Red Sox as their team physician. 2023-08-1045 min
Wealth Planning for the Modern PhysicianSummer Rewind #4: Expert Insights on Asset Protection with Bo Loeffler, Esq. 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...2023-07-2746 min
Wealth Planning for the Modern PhysicianSummer Rewind #3: Financial Therapy 101 with Dr. Gregory Gilot and Erika Wasserman 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 colla...2023-07-1341 min
Wealth Planning for the Modern PhysicianSummer Rewind #2: The Financial Life of a Two-Physician Couple with Drs. Robin and Evander Fogle 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 1.6: The Financial Life of a Two-Physician Couple with Drs. Robin and Evander Fogle Originally released November 26, 2020 For the second installment of the 2023 Rewind Series, David revisits Episode 1.6 featuring a two-physician couple, Drs. Robin and Evander Fogle. Indiv...2023-06-2945 min
Wealth Planning for the Modern PhysicianSummer Rewind #1: Lessons From a Neurosurgeon-Attorney-CEO, with Jeffrey Segal, MD, JD 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 1.2: Lessons From a Neurosurgeon-Attorney-CEO, with Jeffrey Segal, MD, JD Originally released October 1, 2020 Dr. Jeffrey Segal is a board-certified neurosurgeon, attorney, and founder of Medical Justice, a physician-based organization keeping doctors from being sued for frivolous reasons. He's also a fou...2023-06-1539 min
Wealth Planning for the Modern PhysicianSeason 3 Recap: An Executive SummaryIn the final episode of Season 3, host David Mandell recaps the season’s 18 episodes and highlights a pearl or two from each. This recap can serve as a helpful reminder for listeners to revisit episodes that they found most valuable, and can encourage those who missed any episodes to visit our podcast page and listen during our summer hiatus. New for Summer 2023: David has curated a series of thought-provoking and noteworthy episodes from Seasons 1 & 2 to be re-released every other Thursday. Look for new episodes in September when the Wealth Planning for the Modern Physician podcast resu...2023-06-0126 min
Wealth Planning for the Modern PhysicianTime Management & Entrepreneurship With Resident, Book Author, and Podcast Host Dr. Wendell ColeWendell begins with his background—where he grew up and what got him interested in medicine generally and orthopaedics in particular. He outlines the jobs he had and ventures he started while in medical school, as well as the book he wrote and a podcast he launched at the same time. David and Wendell chat about why he ended that podcast and launched the NailedIt podcast when starting orthopaedic residency. David and Wendell discuss Wendell’s approach to time and task management, including the use of batch processing. Wendell then explains his growing interest in real estate inve...2023-05-1835 min
Wealth Planning for the Modern PhysicianM&A Lessons, Including the Importance of Getting Employees on Board, with David Valaer Listen in as host David Mandell chats with entrepreneur, former practice CEO and consultant David Valaer. David V. shares details about his former career as a naval Top Gun aviator including lessons from his training that he imparts to practices today. He explains why his experience as a 100% owner of a company that went through an M&A transaction some years ago impacts his entire approach to working with medical practice owners. David V. explains what he likes to see with a practice as they begin a transaction approach process, including the importance of preparation. He gives s...2023-05-0439 min
Wealth Planning for the Modern PhysicianThe Value of Experts, Hyper Growth and More from Dentist, Cosmetic Surgeon, Entrepreneur Dr. Erik Nuveen In this episode, cosmetic surgeon Dr. Erik Nuveen joins David to discuss his career path, his practice’s growth, what he has learned about the business of medicine in building a cosmetic surgery platform. Erik begins by explaining his dual trainings and degrees in dentistry and medicine and how his family background shaped both his medical/dental career and his entrepreneurial spirit. David and Erik then focus on Erik’s practice – its organic growth over the years, how that growth left him with a dilemma, and his thought process on solving the dilemma by creating a larger cosmet...2023-04-2043 min
Wealth Planning for the Modern PhysicianBanking 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 eventu...2023-04-0638 min
Wealth Planning for the Modern PhysicianInsights from Practice Consultant Catherine Maley, MBA Listen in as David chats with medical practice consultant Catherine Maley. David begins introducing Catherine with her experience in working with cosmetic practices but points out that their discussion will include lessons for doctors in all types of practices. Catherine starts with an explanation of what she does in her business with medical practices nationally and internationally. She then discusses what she is seeing in terms of important branding elements for all types of practices. Catherine then relates to David what she is seeing in terms of the best in medical practice marketing, from content...2023-03-2314 min
Wealth Planning for the Modern PhysicianAn Unexpected Career Path and Lessons from the Business Side of Medicine with Dr. Shaminder GuptaAn Unexpected Career Path and Lessons from the Business Side of Medicine with Dr. Shaminder Gupta In this episode, Dr. Shaminder (Shammi) Gupta joins David to discuss his career path, the impact of Hurricane Katrina on that path, and what he is learning from being a business executive as well as a clinician. Shammi begins with his background – where he grew up, what got him interested in medicine why he gravitated to internal medicine & nephrology. He explains why his first job out of training was not a fit for him and how hurricane Katrina changed hi...2023-03-0934 min
Wealth Planning for the Modern PhysicianCareer 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 D...2023-02-2333 min
Wealth Planning for the Modern PhysicianUnderstanding One’s P&L and Being a Good Practice Citizen with Plastic Surgeon and Professor Dr. Richard Bartlett In this episode, plastic surgeon Dr. Richard Bartlett joins David to discuss his career, academic and private practice, financial decisions and more. Richard begins with his background—where he grew up, what got him interested in medicine and surgery in particular—and his lack of interest in finances as he went through medical and surgical training. Richard explains the process for choosing his first job, including the benefit of learning to “balance the books” even in an academic setting. He and David then cover his 15 years as an academic surgeon, what he learned financial...2023-02-0941 min
Wealth Planning for the Modern PhysicianPrivate Practice and Private Investing Insights from Dr. Charlie EifrigIn this episode, retina specialist Dr. Charlie Eifrig joins David to discuss his career path, private practice, private investments, financial decisions and more. Charlie begins with his background, including what got him interested in medicine and ophthalmology in particular and his exposure to and interest in financial topics, both in college and during medical training. He explains why he took his first job out of training in North Carolina as part of a small growing practice and why he moved across the country to join a practice in Orange County, CA. Charlie then shares the...2023-01-2642 min
Wealth Planning for the Modern PhysicianHot Topics in Tax & Asset Protection Planning with Carole C. Foos, CPAThis episode focuses on tax and asset protection planning – as OJM Group partner and CPA Carole Foos joins David to highlight tax planning opportunities as we welcome in 2023. David then drills down into a few important developments in asset protection planning. Carole begins with some highlights on new tax developments and opportunities, including energy-efficient home and business credits and clean vehicle credits. Carole discusses the new increased IRS interest rate effective January 1, 2023, and how that should impact physicians when it comes to estimated tax payments. Finally, Carole covers the importance of managing investment gains and losses and why t...2023-01-1231 min
Wealth Planning for the Modern PhysicianInsights from a Plastic Surgeon, Professor & Innovator with Dr. Joshua KormanIn this episode, plastic surgeon Dr. Joshua Korman joins David to discuss his career path, academic and private practice, innovation, financial decisions and more. Josh begins with his background – where he grew up, what got him interested in medicine and plastics in particular. Josh explains why he took his first job out of training at Kaiser, the reasons he left to form a private practice, and the factors he sees as most important in guiding those career choices. Josh shares his experiences with innovation, his thoughts on investing, and the benefits and challenges of his rol...2022-12-2236 min
Wealth Planning for the Modern PhysicianLessons from An Aesthetic Practice Sale with Dr. Steven Dayan and Dominic MazzoneListen 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...2022-12-0842 min
Wealth Planning for the Modern PhysicianLoans for Physicians, From Physicians with Dr. Zwade Marshall, CEO, Doc2Doc LendingIn this episode, David is joined by Dr. Zwade Marshall, an anaesthesiologist/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. He then describes Doc2Doc Lending and how the company emerged from his own cash flow dilemma after matching to attend Harvard for residency and needing to move to Boston. Zwade then shares more about the story behind Doc2Doc Lending – how they evaluate physician borrowers differently than banks do, how their program fared durin...2022-11-2436 min
Wealth Planning for the Modern PhysicianVaried Ventures, an Orthopedic Podcast and #Followthefro with Dr. Scott SigmanIn this episode, orthopaedic surgeon Dr. Scott Sigman joins David to discuss his career path, business and entrepreneurial endeavours, marketing, podcasts, and more. Scott begins with his background – where he grew up, what got him interested in medicine and orthopaedics. He explains how both of his parents were entrepreneurs and how he realized early on the need for leveraging the expertise of others. David and Scott then discuss the important factors Scott considered when choosing his first job out of training and Scott’s view on the importance of branding and marketing, especially for younger physic...2022-11-0331 min
Wealth Planning for the Modern PhysicianThe Present & Future of the Healthcare Industry with Dana JacobyListen in as David chats with Dana Jacoby, a thought leader and consultant in the healthcare industry. Dana begins by explaining how she was initially attracted to the healthcare field, and shares details about the first part of her career at large multi-national healthcare firms. She then describes the origins of her firm Vector Medical Group, including her motivation to launch the firm. Next, David and Dana discuss the current state of the healthcare industry, including the impact of technology and consolidation, and her bullish view of the industry, focusing on innovation. Dana also comments...2022-10-2036 min
Wealth Planning for the Modern PhysicianFrom Branding to Charitable Pursuits to Entrepreneurship & More with Dr. Travis CleggIn this episode, orthopaedic surgeon Dr. Travis Clegg joins David to discuss his career path, wealth management decisions, charitable endeavors and more. Travis begins with his background – where he grew up and what got him interested in medicine and orthopaedics. He explains how he did not have much exposure to finance early in his career but became an avid reader/listener of content to educate himself. David and Travis then discuss Travis’s process for choosing his first job out of training as a hospital employee and what he saw as the pros and cons there...2022-10-0639 min
Wealth Planning for the Modern PhysicianAll Things Real Estate with Trisha TalbotListen in as David chats with Trisha Talbot, real estate advisor and entrepreneur behind DocProperties. Trisha begins by explaining what her training, certifications, and experience in real estate were before launching her own firm. She then relates her motivation to launch DocProperties and delves into the unique aspects of healthcare real estate and the challenges for physicians looking to own it. Trisha then shares her answers to a few common questions she hears from physicians and discusses a typical first step for a doctor considering a new office or piece of real estate. Finally, Trisha ex...2022-09-2239 min
Wealth Planning for the Modern PhysicianExiting Partners from a Practice with Attorney Jason GreisListen 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 then explains what he is seeing in the marketplace in terms of private practice exit plans (or “sunset” plans), why striking a distinct deal for each new exiting physician can be problematic and why starting the e...2022-09-0830 min
The Whiskey Ring PodcastEp. 46: David Mandell, Kentucky Owl and the Kentucky Bourbon Festival
Hey Whiskey Ringers, thanks for tuning in to another episode of the Whiskey Ring Podcast. This week's guest is David Mandell, founder of Bardstown Bourbon Company, now of Kentucky Owl and Kentucky Bourbon Festival fame.
After a career in government (the NTSB and the FAA) and as a lawyer, David and his college friend decided they wanted to get into distilling. That's the short story - today, he's the Chairman of the Kentucky Bourbon Festival and running Kentucky Owl Bourbon, with a long legacy still in place at Bardstown Bourbon Company.
Make sure to grab yo...2022-06-1559 min
Wealth Planning for the Modern PhysicianSeason 2 Recap: An Executive Summary of All 20 EpisodesIn this 21st and final episode of Season 2, David recaps the season’s 20 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 20 episodes to revisit ones that they found most valuable, and can motivate those who missed any episodes to visit our podcast page and listen during the show’s hiatus. Look for new episodes in August when the Wealth Planning for the Modern Physician podcast resumes with Season 3!2022-05-2634 min
Wealth Planning for the Modern PhysicianAll Things ASC Featuring Attorney Jason GreisListen in as David chats with nationally recognized healthcare attorney Jason Greis about all things related to ambulatory surgery centers (ASCs). Jason provides an overview of his firm and practice and then outlines some benefits of ASC ownership for physicians, along with some trends he is seeing in the marketplace. Jason then explains the restrictions that can limit ASC involvement for physicians and describes the types of doctors or groups that may not be a good fit for ASC ownership. David and Jason then discuss four common pitfalls physicians might encounter when starting a new ASC, how payors are...2022-05-1233 min
Wealth Planning for the Modern PhysicianHow Private Practices Can Improve Their Payor Contracts with Brett SparkListen in as David chats with Brett Spark, the President of Aroris, a healthcare consulting firm. Brett outlines his career path in various areas of healthcare, from large institutions to CEO of small private practices, and his decision to create Aroris and become an entrepreneur. Brett then explains where he sees the most common payor contract pitfalls in private practices and why a review of such contracts – to understand what a practice has as baseline – is so critical. He also describes how their process involves a full discovery “diagnostic” of all payor contracts before even entering into negotiat...2022-04-2837 min
Wealth Planning for the Modern PhysicianTax Update & The Billionaire's Tax Tactic You Can UseThis episode focuses the timely topic of taxes, as it is released on April 14. OJM Group partner and CPA Carole Foos joins David to talk taxes. David starts by turning the mic over to Carole for an overview of the latest developments in tax proposals from the Biden Administration, which recently released its 2023 budget proposal. Carole covers the latest on C corporations, S corporations SALT limitations, capital gains and income tax rates. David then examines one element of the Biden proposal – the “Billionaire’s tax” – and explains how the super-wealthy use one tax strategy to avoid capi...2022-04-1431 min
Wealth Planning for the Modern PhysicianEntrepreneurship, Wealth Management, and Government Involvement with Dr. John PrunskisIn this episode, pain management specialist Dr. John Prunksis joins David to discuss his career path, the significant growth of this practice, and his involvement with the Lithuanian Parliament and U.S. government. Listen in as John first explains how he became involved with the Lithuanian Parliament and what he helped accomplish as a member there. John and David then discuss John’s path into pain management from anaesthesia, the challenge of creating a pain-centered private practice early on, and the value he gained from joining a CEO/business owner study group. Next John shares his approach to...2022-03-3131 min
Wealth Planning for the Modern PhysicianInsights from Executive, Entrepreneur & Consultant Louis Frisina, MBAListen in as David chats with former biotech corporate executive, multiple-time entrepreneur and medical practice consultant Louis Frisina. They begin by discussing Louis’s career path, from embarking on studies leading to both law and medicine and then shifting to a business career as a management consultant. Louis then walks listeners through his biotech career – starting as an executive at a Swiss multi-national firm and then to Fisher Scientific – eventually deciding to leave the C-suites and join a small startup… and then another. Louis then explains why he wanted to enter the field of aesthetic medicine a...2022-03-1740 min
Wealth Planning for the Modern PhysicianInsights A Few Years Beyond a Private Equity Transaction with Dr. Steve Hamilton and CEO Andy BlankemeyerListen in as David chats orthopaedic surgeon Dr. Steve Hamilton and practice CEO Andy Blankemeyer as they discuss what they have learned a few years out of a private equity investment into their practice – Beacon Orthopaedics and OrthoAlliance. After Steve and Andy initially explain their roles at the practice and the growth they have enjoyed in recent years, David discusses this business journey with them, beginning with how they came to consider a private equity partner following initial skepticism. Steve and Andy then explain the challenges that high growth has presented, as a phy...2022-03-0334 min
Wealth Planning for the Modern PhysicianImproving How You Work With Your People with Frank MaselliListen in as David chats with author and consultant Frank Maselli. They begin by discussing Frank’s career path, from the military to Wall Street to being a speaker, author and trainer. They then examine what Frank thinks about assessment tests and how he approaches them. Frank then explains the “3-part mind” and how it impacts interactions with your team. Next, Frank explains the Kolbe A test and how he uses this to evaluate teams. David and Frank then chat about how this evaluation worked at OJM Group. Finally, Frank gives some advice about how to hire...2022-02-1736 min
Wealth Planning for the Modern PhysicianAnatomy of A Mission-Focused, Award-Winning Practice with Dr. Benjamin DombIn this episode, orthopaedic surgeon Dr. Benjamin Domb joins David to discuss his career path, running a large subspecialty practice and the award he and the practice recently won. Listen in as Ben explains how he always wanted to be a sports medicine orthopaedic surgeon, even though he comes from a family of professional musicians. Ben and David then discuss the financial challenges of physicians during training, Ben’s decision-making process in choosing his first job, and the importance of a “privademic” environment to him. Next David and Ben discuss Ben’s decision to move his Foun...2022-02-0335 min
Wealth Planning for the Modern PhysicianMedical Practice Mergers & Acquisitions with Attorney Gary W. HerschmanListen in as David chats with nationally recognized healthcare mergers and acquisitions (M&A) attorney Gary Herschman. Gary begins by describing his firm and practice and then gives some statistics in terms of the number of M&A deals in the medical practice space. David and Gary then dive into the reasons why a medical practice might consider merging with another practice, becoming an acquirer or being acquired. They then discuss how investors value medical practices, when to involve an attorney, and key success factors. Finally, Gary explains why an accurate understanding of the deals that are ou...2022-01-2051 min
Wealth Planning for the Modern PhysicianEntrepreneurship and Private Investing with David Victor, JDListen in as host David Mandell chats with entrepreneur and experienced private investor David Victor. They begin by discussing Victor’s career path, leaving the practice of law to join his father in the startup that became American Education Institute (AEI), where Mandell lectures every year. They then explore AEI in more depth – what services it offers, why physicians might be interested in it, how COVID forced Victor to transform the business, and why the business may be stronger now than ever before. Next, Victor explains his approach to investing in private businesses, including a dive...2021-12-2338 min
Wealth Planning for the Modern PhysicianStudent Loans 101:What Doctors Need to Know with Ryan Frailich, CFP®, CSLPListen in as David chats with student loan expert Ryan Frailich. David and Ryan begin with Ryan’s career path -- from a teacher to human resources professional to Certified Financial PlannerTM with an expertise and certification in student loans (CSLP). David and Ryan then dive into student loans – discussing Income Driven Repayment plans, the pros and cons of private refinancing, the Public Service Loan Forgiveness program, and various factors that can impact an individual physician’s student loan management strategy. Finally, Ryan gives his thoughts on how young physicians in practice should think about balanc...2021-12-0939 min
Wealth Planning for the Modern PhysicianUsing Cash Balance Plans to Reduce Taxes & Build Wealth with Scott McHenry, FCA, MAAA, MSEAListen as David chats with retirement plan expert Scott McHenry. David and Scott talk about Scott’s career path – from a position inside a large firm to the transition to his own firm about 15 years ago. David and Scott then dive into Cash Balance Plans (CBPs). They discuss how these plans can be more favorable than other qualified plans, such as pensions, profit-sharing plans and 401(k)s, define the type of practice or physician that is a good candidate for a CBP. They wrap up with key success factors in implementing CBPs, how CBPs can work...2021-11-2442 min
Wealth Planning for the Modern PhysicianThoughts from A Clinician, Academic & Leader featuring Dr. Kevin PlancherIn this episode, orthopaedic surgeon Dr. Kevin Plancher joins David to discuss his academic and private practice career, experiences with finance and speaking alongside David at an upcoming orthopaedic meeting. Listen in as Kevin explains how he ended up in orthopaedics when coming from a family in finance and building a department with other “young guns” in his first job out of training. Kevin then talks about his decision to leave the hospital setting for his own practice after some years. Next David and Kevin discuss his interest in academics and how Kevin balances his pract...2021-11-1127 min
Wealth Planning for the Modern PhysicianOrthopaedic Experiences: The Navy SEALs to the New England Patriots with Dr. Matthew ProvencherIn this episode, orthopaedic surgeon Dr. Matthew Provencher joins David to discuss varied experiences he has had in his career. Listen in as Matthew explains how he ended up in orthopaedics when his dream of being a Navy pilot didn’t work out. He then explains his experience as a Naval surgeon, taking care of the SEALs, and working on humanitarian missions and what he learned from those positions. Matthew then chats with David about decision to leave the Navy to become Chief of Sports Medicine at Mass General Hospital, associated with Harvard. He discusses hi...2021-10-2846 min
Wealth Planning for the Modern PhysicianFinancial Management for the Private Practice: 4 Best Practices & More with Jessica Nunn, CPAListen in as David chats with CPA and financial consultant Jessica Nunn. David and Jessica discuss Jessica’s initial interest in finance and accounting, including her education and initial jobs with larger firms working with public companies. David and Jessica then dive into Jessica’s decision to go out on her own to help smaller clients like medical and dental practices and their owners. Then Jessica discusses how she helps practice owner clients today, giving some real examples of challenges that arise and how to improve processes and profitability. You can find show notes and more...2021-10-1433 min
Wealth Planning for the Modern PhysicianExpert Insights on Asset Protection with Bo Loeffler, Esq.Listen in as David chats with author and nationally recognized asset protection attorney Bo Loeffler. David and Bo discuss Bo’s background as a litigator and U.S. Bankruptcy Trustee and how that has helped him as an asset protection attorney. Bo also chats about his experience in representing lottery winners. David and Bo then dive into a few specific tools often used in asset protection planning, including insurance and exempt assets. They also cover limited liability companies (LLCs) and trusts—discussing the key success factors for each and pitfalls to avoid. You can find show...2021-09-3044 min
Wealth Planning for the Modern PhysicianAlternative Investments, How LLCs Shield Assets & Retiring Well with Dr. David YanoffIn this episode, orthopaedic surgeon Dr. David Yanoff joins David to discuss varied topics. Listen in as Dr. Yanoff shares why he initially became interested in medicine and how his military service guided him into orthopaedic surgery. He then explains his sudden departure from his first practice for a new town and how that led to building a thriving practice and owning the building where he practiced. They discuss this, his process for gradual retirement, and much more, in episode 4 of season 2 of the Wealth Protection for the Modern Physician podcast. You can fi...2021-09-1650 min
Wealth Planning for the Modern PhysicianPersonal Branding & Other Business Lessons with Orthopaedic Surgeon Dr. Michael AstIn the second episode of Season 2, orthopaedic surgeon Dr. Michael Ast joins David to discuss several topics. Listen in as Michael explains his interest in becoming an orthopaedic surgeon following a college gymnastic career and his early exposure to business and finance. Michael then describes his first job out of training and the unique focus that practice had on pro-active marketing—and lessons he took away from that experience that all doctors can implement. Finally, Michael summarizes a lecture he gives on personal branding for physicians. He explains several key success factors that physicians can ap...2021-08-1934 min
Wealth Planning for the Modern PhysicianThe Entrepreneurial Operating System (EOS): What Physicians Should KnowListen in as David chats with CPA and professional EOS implementer Crystal Faulkner about the Entrepreneurial Operating System and how physicians and practice owners can benefit from using it in their practices or entrepreneurial ventures. David and Crystal discuss what the EOS is, how it differs from other strategic planning processes, and what the 6 key components of a business/practice are. They then examine the challenge and approach to dealing with people on the team and getting them in the “right seat”. Crystal then covers the importance of culture and how her clients who use the EOS fared...2021-08-0533 min
Wealth Planning for the Modern Physician21 | The Physician as an Entrepreneur with Jerry Kelsheimer and Ronnen Isakov of Medic Management GroupListen in as David chats with Jerry Kelsheimer and Ronnen Isakov, President and Managing Director of Medic Management Group, a national “one stop” solution for healthcare management. David, Jerry and Ronnen examine several aspects of the business of medicine, including ways that Medic Management Group helps physicians and medical practices. They discuss what “thinking like an entrepreneur” means for physicians and the questions entrepreneurial practice owners should ask. The also cover risks inherent to today’s medical practice, exit planning and more. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-06-2438 min
Wealth Planning for the Modern Physician20 | Personal Guarantees to Partner Choices: Insights from An Ophthalmology Practice Founder with Desmond McGuire, MDIn this episode, retina specialist Dr. Desmond McGuire joins David to discuss everything from his first exposure to ophthalmology back in high school, as well as how his parents influenced his commitment to saving for retirement. Dr. McGuire and David then review how Desi founded his practice by purchasing it from a few physicians and then examine the risk of signing personal guarantees on investment deals, with Desi sharing a private investment deal he was involved in that did not go as planned. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-06-1041 min
Wealth Planning for the Modern Physician19 | Inflation & Your Investments with Andrew Taylor, CFP®This episode focuses on a timely economic issue – inflation and its impact on investments. You’ll hear from David, as well as his OJM Group partner, Andrew Taylor, CFP, as they discuss inflation basics and what listeners need to know about its impact in May 2021 and in the coming months. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-05-2721 min
Wealth Planning for the Modern Physician17 | What Doctors Should Know: The 2021 Legal Update with Healthcare Attorney Brad AdattoBrad Adatto is a partner at the law firm of ByrdAdatto, a national business and healthcare boutique law firm. As the son of a surgeon, and from a family of many dentists, Brad has a personal connection to the businesses of both medicine and dentistry. In his discussion with David, Brad covers a number of important issues for listeners, including common compliance red flags in medical and dental private practices, as well as HIPAA, Stark, and anti-kickback rules. Finally, Brad discusses a crucial success factor that every doctor should understand when working with their attorney. ...2021-04-2935 min
Wealth Planning for the Modern Physician16 | Don’t Put Your Happiness on Hold with Dr. Jen HaleyListen in as Dr. Jen Haley joins David to discuss how her upbringing influenced her decision to become a physician, why she shifted specialties during her training, and how a few unplanned significant decisions have shaped her career and financial life. Jen also talks about her Radiance Revealed Podcast and reveals a few important financial habits and philosophies which have allowed her to become financially independent now and practice in a way that fits her lifestyle. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-04-1546 min
Wealth Planning for the Modern Physician15 | Career Transitions, Asset Protection & Podcasting with Anesthesiologist Dr. Richard MarnIn this episode, anesthesiologist and fellow podcaster Dr. Richard Marn joins David to discuss various topics. Listen in as Richard explains his decision to pursue anesthesiology, when he originally planned to be a surgeon, and his choice to leave a large academic institution after many years for solo private practice. They also discuss Richard’s and his wife’s investments in real estate and their search, with some successes and failures, to get tailored asset protection advice. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-04-0142 min
Wealth Planning for the Modern Physician14 | Insights on Selling a Medical Practice, with Investment Bankers Clint Bundy & Stewart CarlinIn this episode, David is joined by investment bankers Clint Bundy and Stewart Carlin from The Bundy Group. Clint and Stewart each discuss success factors for physicians looking to sell their practice, merge into larger practices, or even become an acquirer. They also cover a few common mistakes they often see in the medical practice space. Finally, Clint and Stewart tell David the best ways physicians can vet and compensate a potential investment banking firm and the “one thing” each of them would recommend physicians consider if they may sell their medical practice. You can find show note...2021-03-1837 min
Wealth Planning for the Modern Physician13 | Financial Therapy 101 with Orthopaedic Surgeon Greg Gilot and Your Financial Therapist Erika WassermanIn this episode, David speaks with Cleveland Clinic Florida orthopaedic surgeon Dr. Gregory Gilot and his collaborator “Your Financial Therapist” Erika Wasserman. Listen in as Greg outlines his traditional surgical training and career. Greg then discusses his interest in Financial Therapy and decision to pursue academic training in the field while continuing to practice orthopaedics. Erika covers her career journey from IBM to branding consultant to Financial Therapist, where she met Greg in the Kansas State Financial Therapy program. Greg and Erika then explain the basics around Financial Therapy – what it is, how it differs from typ...2021-03-0439 min
Wealth Planning for the Modern Physician12 | Taking Time & Taking Risks with Gastroenterologist Entrepreneur Mukul Mehra, MDIn this episode, gastroenterologist and entrepreneur Mukul Mehra, MD joins the program to discuss his career journey and business pursuits. Listen in as Mukul explains his financial choices on schools to attend, job selection and how he sought the right financial firm to guide him. He and David also discuss how Mukul’s time away from the practice led to insights which culminated in his successful healthcare company and the importance of finding the right mentor in business. Finally, Mukul gives his advice to physicians—on protecting one’s time and taking risks. You ca...2021-02-1836 min
Wealth Planning for the Modern Physician11 | The Importance of Asset Protection & Other Lessons with Dermatologist-Attorney-Professor David Goldberg, MD, JDDr. Goldberg discusses his motivation to become a physician, his experience in joining a private practice after training and the decision to leave that practice and go out on his own. He then explains his decision to go to law school at night and what he took away from that training. Finally, Dr. Goldberg explains his advice to fellow physicians regarding liability and asset protection and the recent merger of his practice and his new position. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-02-0429 min
Wealth Planning for the Modern Physician10 | 2021 Tax Planning with Carole Foos, CPAAs the new year begins and the Biden administration takes office, this episode focuses on the timely topic of 2021 tax planning. David opens with an overview of two tax-related topics: (1) the improvement of the tax-favored asset class of permanent life insurance by a federal law passed at the end of 2020; and (2) the tactic of timely tax loss/gain harvesting – which should be implemented throughout the year, not just in the fourth quarter. You can find show notes and more information by visiting www.physicianswealthpodcast.com. 2021-01-2138 min