Physicians Hanging a Shingle | Start a Private Medical Practice

How much revenue can a private practice actually generate? In this episode, I break down the simple equation behind private practice revenue and show how the math works in both insurance-based and cash-pay practices. We’ll talk about how revenue ultimately comes down to two numbers: the number of patients you see and the revenue you generate per patient. Once you understand that formula, it becomes much easier to model what your future practice could look like. If you’re planning a private practice and want help running the numbers, I walk through this exercise step-by-step inside my Plan to Practice digital course, where you can plug in your own assumptions and explore different revenue scenarios. 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Today’s episode is a little special — it’s my birthday. 🎉 And in honor of that, we’re talking about something I hear all the time from physicians considering private practice: “I’m too old to start now.” Maybe you’re 40. Maybe you’re 48. Maybe you’re 55. You feel like you missed your window. Like it would’ve been easier 10 years ago. Like starting over now just doesn’t make sense. In this short Thursday Shift episode, we reframe that thought completely. You’re not starting from scratch, you’re starting from experience. We’ll talk about: Why mid-career physicians often have a strategic advantage The math of how much runway you actually have left Why clarity and alignment matter more than age The real question you should be asking instead If private practice has been quietly pulling at you, this episode is your reminder: courage doesn’t expire. And if this podcast has encouraged you at all, I’d be so grateful if you’d leave a review as a birthday gift — it helps more physicians realize that private practice is still possible. Ready for more support? If you want personalized strategy, accountability, and deep-dive guidance specific to your model, I offer limited 1:1 coaching through The Private Practice Blueprint Coaching Program. You don’t have to do this alone — but you do need a plan. Learn more at: hangingashingle.com

Opening a private practice? Don’t overlook your medical supply strategy. In this episode, I walk through how to create a master medical supply list before you open, how to evaluate and find a Group Purchasing Organization (GPO), why you shouldn’t over-order inventory in the beginning, and how to track usage from day one. One of the best pieces of advice I received when starting my own practice was this: buy only what you need...you can always order more later. Because inventory sitting on your shelves is cash not in your bank account. If you’re launching an insurance-based or cash-pay private practice, this episode will help you protect your margins and build smarter operational systems from the start. 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Asking other physicians to refer to your private practice can feel surprisingly uncomfortable. In this Thursday Shift episode, I explore the mindset behind that hesitation — and why asking for referrals isn’t self-promotion, but leadership. If visibility feels awkward or you’ve been quietly hoping patients will “just find you,” this episode will help you reframe the discomfort and take small, courageous steps forward.   Ready for more support? If you want personalized strategy, accountability, and deep-dive guidance specific to your model, I offer limited 1:1 coaching through The Private Practice Blueprint Coaching Program. You don’t have to do this alone — but you do need a plan. Learn more at: hangingashingle.com

In this episode, I sit down with Heather Signorelli of NatRevMD to talk about why knowing your metrics matters — no matter your practice model. Whether you take insurance, run hybrid, or are fully cash pay, understanding your numbers and your workflow is key to building a sustainable, profitable practice. We discuss the core metrics every physician-owner should track, common workflow gaps that quietly cost money, and simple ways to start getting clarity in your business. In This Episode, We Cover: Why metrics matter even in cash-pay practices The numbers every practice owner should know How workflow impacts revenue First steps to start tracking what matters Connect with Dr. Signorelli www.natrevmd.com Check out her book, Thrive. It is so helpful and will be a great resource for you in your practice! 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

If you’ve ever thought, “I can’t do this by myself,” when it comes to starting your private practice — this episode is for you. Building a practice can feel overwhelming, especially when you’re trying to figure out legal structures, billing, marketing, EHRs, and operations on your own. But here’s the truth: you were never meant to build this in isolation. In this 5-minute mindset shift, I’ll help you reframe the fear of “doing it alone” into something far more powerful — strategic support. Private practice isn’t about knowing everything. It’s about building wisely. Ready for structure and support? If you’re in the early stages and want a clear, step-by-step roadmap, my course Plan to Practice will walk you through building your business plan and mapping out your private practice with clarity. If you want personalized strategy, accountability, and deep-dive guidance specific to your model, I offer limited 1:1 coaching through The Private Practice Blueprint Coaching Program. You don’t have to do this alone — but you do need a plan. Learn more at: hangingashingle.com

Choosing an EHR is one of the biggest decisions you’ll make when building your private practice — and it’s easy to feel overwhelmed during demos and sales calls. In this episode, I walk you through five EHR red flags to watch for before signing a contract, including: Clunky workflows that drain efficiency Unclear or hidden costs Limited reporting capabilities Rigid contracts Weak support systems You don’t need the “perfect” EHR — you need one that supports your practice model and protects your time, energy, and revenue. 🎁 Download the free checklist mentioned in this episode: 15 Questions to Ask Before Choosing an EHR   📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

When you’re already tired, staying where you are can feel easier than starting something new. But easier doesn’t always mean lighter. In this Thursday Mindset Shift, we unpack the hidden cost of staying comfortable — and how to tell the difference between what’s familiar and what’s aligned. 📌 Resources: Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ----- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Social media doesn’t have to feel overwhelming — and it definitely doesn’t have to wait until your practice doors are open. In this episode, I’m talking directly to physicians who are building or preparing to launch their own practice and know they need to start marketing, but aren’t sure how to use social media strategically without burning out. Instead of chasing trends or trying to be everywhere, this episode reframes social media as a marketing tool and walks through four key questions every physician should answer before they start posting. In this episode, we cover: Why social media is infrastructure — not a personality test How to decide where your ideal patient already spends time online How often you can realistically post (and why batching matters) What to talk about without giving away everything you know Why engagement after you post is just as important as posting itself I also reference Episode #7: How My Facebook Launch Got 700+ Shares as a real-world example of what’s possible when social media is used intentionally. Ready for a real plan? If social media still feels overwhelming, that’s not a personal failure — it just means you don’t have a strategy yet. I offer a 90-minute strategy call where we build your social media plan together — platform choice, posting rhythm, content focus, and engagement — all aligned with the practice you’re building and the season you’re in. Book your 90-minute session by clicking here. 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Have you ever thought, “I don’t trust myself to figure this out” when it comes to private practice? In this short mindset shift, I’m talking directly to that fear—and gently dismantling it. In this episode, we cover: Why you don’t need to have everything figured out to move forward The myth that successful private practice owners did it all on their own Why private practice isn’t something to rush into How learning and adjusting is part of the process—not a failure Why private practice is meant to feel like freedom, not judgment If this mindset has been quietly holding you back, support can help you slow the process down, make decisions in the right order, and stop feeling like you have to recreate the wheel. Ready for next steps? If you want focused clarity, you can book a 90-minute strategy call. If you’re looking for ongoing guidance, 1:1 coaching is available. You don’t need to know everything. You just need to be willing to start thoughtfully. Click here to learn more about working one on one with me to build your dream practice!

What services should you offer in private practice—and what can you leave out? In this episode, I break down how to decide your service offerings intentionally, whether you’re building an insurance-based or cash-pay practice. You don’t have to offer everything you were trained to do, and starting focused doesn’t limit your future—it protects it. We cover why clarity matters, how to avoid recreating burnout, and how your services shape your schedule, systems, and sustainability. Defining your services is a foundational part of building a practice that actually works.   📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Admin time is one of the most misunderstood parts of running a private practice. In this episode, I walk through what admin time is actually for — and why it shouldn’t be used to catch up on notes, inbox messages, or other unpaid clinical work. This is the same framework I use with my 1:1 coaching clients when we’re building out their clinic schedules. We’re not just deciding how many patients they’ll see — we’re deciding how they’ll lead their practice. I share how I intentionally create and protect admin time, how I structure my own admin day, and what should happen during that time to keep a practice running proactively instead of reactively. If your practice feels heavy, chaotic, or constantly behind, this episode will help you rethink how admin time fits into your schedule. If you’re interested in working with me one-on-one as you build or refine your private practice, I'd love to work with you! Admin time isn’t a luxury. It’s a leadership tool.   ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Click here to learn more about 1:1 coaching. 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Physicians are trained to look for red flags — and that skill saves lives. But when it comes to career decisions, that same instinct can quietly keep you stuck. In this short mindset shift, we talk about how fear can disguise itself as logic, why collecting worst-case scenarios doesn’t equal responsibility, and how changing the question you’re asking can open the door to clarity instead of paralysis. If you’ve been over-analyzing your next step, this episode is for you. ------ 📌 Resources: If you want step-by-step guidance to build your practice marketing plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

We spend so much time planning the dream that when it finally happens, we rush right past it. In this episode, I share a moment from a recent ribbon cutting for one of my 1:1 coaching clients—and a realization that stopped me in my tracks. As physicians, we’re wired to plan, execute, and move on to the next thing… but skipping the celebration comes at a cost. You’ll hear: Why big milestones often feel quieter than we expect The emotional weight of building something from nothing Practical ways to pause, reflect, and actually feel your progress How honoring the moment can make the journey more sustainable If you’re planning a private practice—or already in the middle of building one—this episode is a reminder not to rush past the moments you once prayed for. ✨ Interested in 1:1 coaching? If you want support building your practice with clarity, intention, and a plan that fits your life, I offer personalized 1:1 coaching for physicians.  Don’t skip the celebration. You’ve earned it. Click here to learn more about 1:1 coaching. 📌 Resources: Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ---- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Feeling exhausted and wondering how you could possibly add starting a private practice to your life? You’re not alone—and it doesn’t mean private practice isn’t for you. In this short mindset shift, I reframe exhaustion, explain why private practice doesn’t have to be built on top of burnout, and share how clarity and intentional planning can actually create more control and energy. If private practice has been on your mind but feels overwhelming, this episode will help you think about it differently. 📌 Resources: Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ----- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

A great private practice idea isn’t enough if it doesn’t work in real life. In this episode, we discuss why some practice models look perfect on paper but struggle once launched — and how to build a private practice that’s both inspiring and realistic. We talk about: Running conservative, practical numbers Avoiding overspending early Preventing burnout in a physician-owned practice Hiring at the right pace Pressure-testing your idea before launch This episode is for physicians who want private practice to work — financially, operationally, and personally. Ready to put your idea on paper realistically? Learn more about Plan to Practice   Wondering if Private Practice is right for you? Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. 📌 Resources: If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Many physicians believe that being a good doctor and being a good business owner are opposites. In this short mindset shift, we unpack where that belief comes from — and why it’s often the most thoughtful, patient-centered doctors who struggle with it the most. If you’ve ever wondered whether you have the “personality” to own a practice, this episode will help you reframe what business ownership actually requires — and why it may be more aligned with who you are than you think. This episode is for physicians who are quietly questioning what’s next, even if they’re not ready to say it out loud. 📌 Resources: Take the Private Practice Readiness Quiz! This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. ----- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

If you’ve been thinking about private practice—but aren’t sure whether now is the right time—this episode is for you. In this 20-minute solo episode, Dr. Anderson walks through the exact framework she uses to help physicians assess their readiness for private practice without pressure, hype, or false urgency. You’ll learn: Why “Am I ready?” is the wrong question The four key areas that determine private practice readiness How to distinguish burnout from a true desire for autonomy What financial and lifestyle readiness actually look like How to move forward even if you don’t feel 100% certain Take the Private Practice Readiness Quiz!   This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be. 📌 Resources: If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

This is the final episode of 2025, and we’re ending the year with a practical look at why 2026 may be the right time to start a private medical practice. In this episode, I share six real-world reasons physicians are choosing private practice—not for hype, but for sustainability, autonomy, and better patient care. In This Episode, You’ll Learn: Why patients are actively seeking a medical home outside large health systems How private practice restores physician autonomy The truth about controlling your income as a practice owner Why independent physicians play a key role in combating medical misinformation How small practices adapt faster in a changing healthcare landscape How to define success on your own terms as a physician Key Takeaway Private practice isn’t about escaping medicine—it’s about practicing medicine with intention. If you want something different by the end of 2026, the planning starts now. 📌 Resources: If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson

Payroll is one of those things physicians are never taught — but getting it wrong can cost you time, money, and stress. In this episode of Physicians Hanging a Shingle, I walk through what physicians need to know about setting up payroll in private practice, including when you need it, common mistakes to avoid, and key decisions to make before you ever run payroll. I also share the payroll service I recommend for physicians and how you can save money as you’re getting started. In This Episode What payroll really includes When you need to set it up Common payroll mistakes physicians make How payroll fits into your practice finances Resource Mentioned SurePayroll 👉 Use my referral link to get 9 months of payroll free ---------- If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp ---- If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help. Click here to learn more about 1:1 coaching. ---- Want weekly emails with insightful tips for starting your private practice? Click here to subscribe! ---- Social Media Communities: Private Facebook Group: Physicians Starting Private Practices Instagram: @hanging_a_shingle LinkedIn: www.linkedin.com/in/drbrittneyanderson