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Success in private practice as a health professional

I became a health professional over 25 years ago. I was well trained in university about diagnosis and treatment. But I did not know much about business.

I did not know where I wanted to start practice, so I put my name on a locum list of available doctors. A locum is defined by google as "a person who stands in temporarily for someone else of the same profession, especially a cleric or doctor".

I really enjoyed this experience, especially from a business perspective. It took a while to get my first locum, but quickly word spread and I was getting calls from a variety of clinics to book 1-2 weeks of work.

The work paid well and I had very little overhead. But more importantly, I began to understand how a successful health care business works.

I saw different software systems, clinic management structures, billing and collecting. As time went on, I wanted to start my own practice. But, I was still getting calls to do locums. So, I hired and trained Chiropractors to replace me. And that grew into a Locum Service that eventually expanded into the dental and medical industries. We had over 100 employees on our payroll. I later sold the business to one of my employees, a dental assistant.

After the sale, I focused more on building my own practice and working with my wife on other business interests. We owned and operated a health and beauty franchise in major malls in Winnipeg, called Polo Park and St. Vital.

We built a house, and later purchased and renovated a clinic property. These experiences were all valuable to give me a broader understanding of business, financing, managing people and development.

Fast forward to today. I continue to practice and really enjoy it. I started a company to help health professionals with their businesses, called True North Practice Management.

At True North, we educate health professionals about business via free webinars and paid masterclasses. We are developing a service to coach health professionals that want to go to the next level of training.

If you are interested in our services, please go to our "Classes" page and sign up for your first event. You can go there by clicking here.

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