43 episodes

Join attorney, wealth manager, and well-known author David Mandell, JD, MBA in this podcast dedicated to improving a physician’s personal financial bottom line.
David talks with doctors from every specialty and stage of career about their real-world lessons in financial matters, and interviews industry experts in all areas of wealth management. Tune in every other week for new episodes!

Wealth Planning for the Modern Physician David B. Mandell, JD, MBA

    • Business
    • 5.0 • 35 Ratings

Join attorney, wealth manager, and well-known author David Mandell, JD, MBA in this podcast dedicated to improving a physician’s personal financial bottom line.
David talks with doctors from every specialty and stage of career about their real-world lessons in financial matters, and interviews industry experts in all areas of wealth management. Tune in every other week for new episodes!

    Season 2 Recap: An Executive Summary of All 20 Episodes

    Season 2 Recap: An Executive Summary of All 20 Episodes

    In 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!

    • 34 min
    All Things ASC Featuring Attorney Jason Greis

    All Things ASC Featuring Attorney Jason Greis

    Listen 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 dealing with ASCs, and what Jason sees in terms of joint ventures these days.
    Jason then speaks to financial returns for an ASC, including ROI and valuation multiples, and concludes with pearls of advice for physicians considering an ASC launch and those already involved with one.
    You can find show notes and more information by visiting www.physicianswealthpodcast.com. 

    • 33 min
    How Private Practices Can Improve Their Payor Contracts with Brett Spark

    How Private Practices Can Improve Their Payor Contracts with Brett Spark

    Listen 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 negotiation.
    Brett covers his firm’s approach to negotiation with payors and Aroris can create leverage for better economics. He also dispels some common myths physicians have about payors and how to deal with them.
    Brett and David then discuss Aroris’s work in the area of practice valuations -- helping practices improve their contracts before a possible sale, as well as assisting private equity and other investors with evaluation of a practice’s current contracts.
    Finally, Brett explains how medical practices typically get started with Aroris, what the firm charges for their discovery phase, and how their success fee on negotiation is simply a percentage of the additional revenue generated over baseline. He also clarifies that Aroris is actually synergistic (and not competitive) with billing/coding/collection firms.
    David concludes with an offer for listeners to arrange a consultation with Brett and Aroris.
    You can find show notes and more information by visiting www.physicianswealthpodcast.com. 

    • 37 min
    Tax Update & The Billionaire's Tax Tactic You Can Use

    Tax Update & The Billionaire's Tax Tactic You Can Use

    This 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 capital gains taxes on appreciated assets.  He shares a few examples and quotes from articles, and then explains the strategy: Buy, Borrow, Die.
    David then outlines four ways physicians can use “Buy Borrow Die” in their own planning, including ways he has implemented the strategy for himself.
    Carole and David then conclude by encouraging all listeners to focus on their 2022 tax planning early in the calendar year.
    You can find show notes and more information by visiting www.physicianswealthpodcast.com. 

    • 31 min
    Entrepreneurship, Wealth Management, and Government Involvement with Dr. John Prunskis

    Entrepreneurship, Wealth Management, and Government Involvement with Dr. John Prunskis

    In 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 personal wealth management, including some of the books that shaped his thinking on the subject and the importance he sees in using a fiduciary advisor.
    David and John then discuss John’s involvement with the Department of Health and Human Services, and John shares how his entrepreneurial practice has enjoyed hyper-growth in the last few years, while eschewing private equity.
    Finally, John shares a few “pearls” for younger physicians and makes an offer to fellow pain physicians.
    You can find show notes and more information by visiting www.physicianswealthpodcast.com. 

    • 31 min
    Insights from Executive, Entrepreneur & Consultant Louis Frisina, MBA

    Insights from Executive, Entrepreneur & Consultant Louis Frisina, MBA

    Listen 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 and how he ended up working with physicians and medical practices as a consultant.
    Finally, Louis provides a few insights on the best practices he sees in private medical practice and his current focus on the growing trend of regenerative medicine.
    You can find show notes and more information by visiting www.physicianswealthpodcast.com. 

    • 40 min

Customer Reviews

5.0 out of 5
35 Ratings

35 Ratings

Trevor Oldham ,

David's a great host

For any physician looking for wealth planning strategies, David's podcast is a must listen!

JTF1100 ,

Great perspectives- highly recommend

David has a great interviewing style and I am really enjoying his guests.

Sarah Friess ,

Incredible show!

I highly recommend this podcast! David and his guests gives great advice and offer new perspectives!

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