Drs. Stucki and Liddell: pros and cons of the various private practice settings

We are very happy to welcome back Dr. Aaron Liddell to the show today, as he is a perfect candidate to talk about today's subject! In our discussion, we cover the pros and cons of the different private practice models that are available to professionals in the field. There have been a number of requests from listeners to cover this, and so we thought we would share the lessons we have learned from all of our past successes and failures! This conversation should interest anyone finishing up a residency and wondering what to pursue next, and how to best satisfy goals and preferences in the long run. We look at joining a practice as an associate, starting a solo practice, and creating a group practice, sharing good and bad points for each, based on our personalities and priorities. Themes include autonomy, tax ramifications, founders syndrome, social support, and more! So to get some clarity on these important decisions, be sure to join us.

Key Points From This Episode:

• A brief look at Dr. Liddell's path after his time in residency. 
• The biggest pro about joining a practice as an associate: no pressure from the business side of things. 
• Less control and decision-making power around equipment and processes as an associate. 
• The helpful element of having someone next door that you can call on. 
• Financial and tax implications of being employed as an independent contractor. 
• The potentially stressful groundwork that goes into setting up a private practice.  
• A look at the traditional solo practice ownership model and the control and freedoms that this entails.
• The marketing that goes into starting things from scratch. 
• How running a solo practice can lead to less vacation time and pressure from your patient base. 
• Fun and social energy in a group practice; what we like about this model. 
• The financial drawbacks of joining a group practice.   
• Looking at how Dr. Liddell's group practice is run and the pros of having a third-party management system.
• The uncertain future and growth of partnering with outside management.  

Links Mentioned in Today’s Episode:

Dr. Aaron Liddell Email —  aaronliddell@gmail.com

Dr. Aaron Liddell — https://www.coloradooralsurgery.com/meet-us/dr-aaron-t-liddell-md-dmd-facs/

U.S. Oral Surgery Management — https://www.usosm.com/

Dr. Grant Stucki Email — grantstucki@gmail.com

Dr. Grant Stucki Phone — 720-441-6059