Ever wondered how to turn your medical expertise into a thriving business, or even own a clinic without being a physician? Join us in this must-watch episode of Angels Exits and Acquisitions as industry veteran Jessica Jones, who built and sold multiple successful medical practices, reveals her invaluable insights on healthcare entrepreneurship and medical practice ownership. Jessica, an entrepreneur with a unique background in marketing and pharmaceutical studies, shares her journey from helping doctors grow their practices to owning and selling 15 clinics herself. She provides expert guidance on navigating the complexities of the medical industry, whether you're a new physician, an experienced practitioner seeking autonomy, or a business owner looking to enter the healthcare space. In this episode, you will learn: • Non-Physician Practice Ownership is Possible: Jessica clarifies how entrepreneurs can own medical clinics by partnering with a medical director, debunking the common misconception that ownership is exclusive to physicians. She emphasizes the importance of understanding your state's Corporate Practice of Medicine (CPOM) and Full Practice Authority (FPA) regulations. • Strategic Business Design for Freedom & Exit: Discover why it's crucial to design your medical practice so it doesn't solely rely on you, ensuring flexibility and setting the stage for a profitable sale with a well-thought-out exit strategy. Avoid common pitfalls like naming your clinic after yourself, which can hinder future sales and rebranding efforts. • Avoiding Costly Pitfalls in Practice Growth: Learn about critical mistakes often made in practice management, from relying on single revenue streams or inconsistent marketing companies to neglecting patient engagement. Jessica also discusses funding options, from SBA loans to leveraging personal investments, and warns about the significant challenges of partnerships. Major Timestamps: • 00:27 - Jessica Jones's Unconventional Path to Medical Business Ownership • 01:43 - Non-Physicians Owning Medical Practices: Is It Possible? • 10:49 - From Practitioner to Business Owner: Essential Entrepreneurial Advice • 16:36 - Avoid These Critical Mistakes When Building & Selling Your Practice • 25:57 - The Hard Truth About Medical Practice Partnerships If you're looking to achieve physician autonomy, scale your healthcare business, or understand the nuances of selling a medical practice, this episode is packed with actionable insights! Connect with Jessica Jones: • Website: buildyourcashmedicalpractice.com • LinkedIn: https://www.linkedin.com/in/jessicajonesbuildyourcashpractice/ Connect with Jeff Barnes: • Website: https://www.jeffbarnes.ceo/ • LinkedIn: https://www.linkedin.com/in/jeffpbarnes/ #MedicalPractice #HealthcareBusiness #PracticeOwnership #HealthcareEntrepreneurship #PhysicianAutonomy #SellYourPractice #MedicalClinic #BusinessStrategy #PracticeManagement #EntrepreneurialJourney #LocumTenens #CashMedicalPractice #BusinessGrowth #ExitStrategy #JessicaJonesConsulting Learn more about your ad choices. Visit megaphone.fm/adchoices