Provide: The Path to Owning It Corey Brown, Marketing Leader with Provide
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- Business
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If you’re a healthcare provider looking for advice on today’s toughest practice ownership challenges – you’ve come to the right place. No matter where you are in your healthcare practice ownership journey, it all began with the dreams you had for your future. Whether you own a practice or are just graduating from school, you’re somewhere on the path to making your dreams a reality. Provide is a fintech on a mission to financially empower healthcare providers like you with great people and innovative technology. On this podcast, The Path to Owning It, Provide’s helping pave the way for you to achieve your dental or veterinary career dreams and guide you through all the nuances of practice ownership. Twice monthly, host Corey Brown, a marketing leader at Provide with over a decade in the healthcare industry, will tap into Provide’s unparalleled network of industry experts (and by the way, we suggest you do the same) and share the tools you need to take your practice ownership dreams into your own hands. Founded in 2013, Provide is a national fintech company headquartered in Columbus, Ohio with experts nationwide. Provide financially empowers healthcare providers to achieve their practice ownership dreams through a streamlined, completely online finance experience and personalized customer service. Its integrated suite of financial and banking products makes opening, running, and expanding a healthcare practice easier, giving providers back their time and energy to focus on what matters most: their patients. In August 2021, Provide became a wholly-owned subsidiary of Fifth Third Bank, and in October 2023, began operating as a division of Fifth Third Bank. In 2023, Provide was named to Fast Company’s list of the World’s Most Innovative Companies, ranking among the top 10 brands in the finance category. Learn more at getprovide.com, and join the conversation on Facebook, LinkedIn, Instagram, and TikTok.
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Associate buy-ins: a guide for animal hospital owners and veterinary associates, with Ed Guiducci
For hospital owners, associate buy-ins can be an important tool for retaining top talent and planning for retirement.
For veterinary associates, it can be the next step toward owning your future.
No matter which side of the fence you’re on, a buy-in opportunity could be the right decision for you.
In this episode, we're breaking down buy-ins with one of the industry's leading experts, Ed Guiducci.
Ed is a veterinary business attorney who represents veterinarians in a variety of hospital transactions. He's often called upon to advise veterinarians on the best legal structure for their hospital; merging, buying, and selling veterinary hospitals; and structuring associate, owner, and buy-in agreements.
Together, we'll discuss:
How to determine whether an associate buy-in is the right move for you
Different ways to structure compensation in a buy-in agreement
How to determine a fair valuation for your hospital
Why an associate buy-in is an attractive retirement strategy for animal hospital owners
How to account for selling to a corporate entity in a buy-in agreement
Are you ready to take the next step in scaling up your hospital ownership dreams? Visit getprovide.com. -
The design-build process explained, with Ron Evans and Joe Golden
Deciding to build your own healthcare facility is a big decision.
Realistically, it's just the start of a long, nuanced journey.
Working with a partner who specializes in the healthcare industry can potentially save you hundreds of thousands of dollars and months of delays.
In this episode, we're talking to Ron Evans and Joe Golden from Cadre Construction, a Texas-based general contractor providing a one-stop shop for commercial construction, real estate, and architecture expertise.
Their firm specializes in designing and building healthcare facilities that meet providers' needs.
They'll explain:
How design-build firms offer a streamlined approach to construction projects, providing expertise in both design and construction
Why site selection is a crucial step in the design-build process and shouldn’t be attempted on a DIY basis
Why working with healthcare-specific builders and developers can save time and money
Some common challenges that healthcare facility construction projects face
How the timeline and cost of a construction project can vary depending on a number of factors
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. -
Size matters: getting the size of your healthcare practice right from the start, with Stephen Strecker
If you go too big, you're locking yourself into an expensive lease that could limit your cash flow.
If you go too small, you could stunt your growth and trap yourself in a space that feels tighter by the day.
Healthcare providers face a crucial imperative to get it "just right" when they hunt for commercial real estate. And that's certainly heightened by current market challenges, the impact of high-demand locations on success, and the balancing act of space versus budget.
In this episode, we're talking to Stephen Strecker, president and founder at Tower Realty Partners, who has helped hundreds of healthcare providers find real estate to open their first practice, purchase a building to relocate, or open a second practice.
Together, we'll discuss:
Why choosing the right location is crucial for the success of a healthcare practice
Factors healthcare providers should consider when searching for a location
How the number of doctors, exam rooms, and treatment rooms creates a formula for the footprint of a practice
How to consider the potential for future expansion when selecting a space
The risks and benefits to both leasehold space and buying a building for a healthcare practice
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. -
Human resources: the important function your practice may be missing, with Ali Oromchian, JD, LL.M
If a practice owner's team is their most important resource, then managing that team effectively should be a top priority.
Given the complexity of national employment laws and local requirements, the DIY approach to HR can pose a lot of challenges.
In the event of an error – even an innocent mistake – a lawsuit can easily result.
In this episode, we're talking to Ali Oromchian, co-founder and CEO at HR for Health, founding attorney at Dental and Medical Counsel, PC, and acclaimed thought leader in the healthcare industry.
We'll discuss the primary functions of HR in healthcare like hiring and handling terminations, and managing HR in the business.
Ali will share with us:
Why HR compliance is crucial for healthcare practices
What are some common HR mistakes that practice owners make
How much a typical HR compliance issue can cost practice owners
Answers to common HR questions about compensation and benefits
How adopting an integrated HR partnership can save owners time and money
Why Provide has a new partnership with HR for Health
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. -
What it means to be a woman in today’s veterinary industry, with Sarah Baker, DVM
With women now constituting more than 80% of veterinary industry professionals, the industry is radically different from last generation's status quo.
While there are more opportunities for women than ever before, female representation among hospital owners and executives still lags behind the curve.
In this episode, we're talking to Dr. Sarah Baker, DVM and owner of Lane Veterinary in the Chicagoland area, to learn about her journey to hospital ownership.
She recently opened her animal hospital and proudly obtained the Fear Free Certification and American Animal Hospital Association accreditation within months of opening her doors. She currently holds a seat on the board of directors at the Hinsdale Humane Society, frequently fosters pets, and feels passionately about supporting animal rescues.
She'll offer advice for aspiring animal hospital owners and explain:
How she arrived at the decision to pursue a career in veterinary science and open a hospital
How to build a supportive team and delegate tasks to set your hospital up for success
Why work-life balance is a two-way street that can help employees AND hospital owners thrive
Why qualities like empathy position women as strong business owners and leaders
Why there is a need for more female representation in leadership positions in the veterinary industry
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. -
Taking the unknown out of hiring a healthcare attorney, with Matt LaMaster
Let's be honest. It’s not every day that you have to hire an attorney.
It can be an intimidating process filled with new jargon, details, and processes to which you may have never been exposed, and it's also super important to get it right.
In this episode, we're speaking with Matt LaMaster, a Michigan-based healthcare attorney, to discuss the importance of hiring an industry-specific attorney and the specific advantages for dentists and veterinarians.
Prior to forming LaMaster Law, Matt spent a major part of his career providing services as corporate counsel for a multi-location dental practice. He negotiated, structured, and implemented multiple acquisitions and mergers, and negotiated employment contracts for associate dentists during his career as corporate counsel.
We'll discuss:
Why hiring an industry-specific attorney is crucial for dentists and veterinarians
How healthcare attorneys can assist with important processes like acquisitions, lease negotiations, real estate transactions, and associate agreements
Why it's important to start looking for an attorney early on
How attorney fees are typically structured and what dentists and veterinarians can expect to pay for certain jobs
How different states have different rules regarding attorney fees
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com.