Private Practice 101: Loans, Pricing & Building a Business | Business of Surgery Ep. 2

Thinking about starting your own private medical or surgical practice? Where do you even begin? This is business 101, basics for the modern physician.In Episode 2 of The Business of Surgery, facial plastic surgeon Dr. Lauren Umstattd breaks down the financial and operational foundations of launching a physician-owned practice. From loans and lines of credit to pricing, startup costs, and creating a premium patient experience, this episode is a practical guide to the business skills physicians rarely learn during training.Whether you're a medical student dreaming about entrepreneurship, a resident considering private practice, or an attending ready to build something of your own, this episode offers an honest look at what it really takes to get started.In this episode:How to finance a private practiceLoans vs. lines of creditBuilding your first business plan (pro forma)Managing startup expensesBuying equipment without overspendingPricing medical and surgical servicesCreating a luxury patient experienceWhy physicians can succeed as entrepreneursLearning from other surgeons and business ownersThe Business of Surgery is a 12-part summer series on FEM, MD, where Dr. Lauren Umstattd shares the lessons she learned building a thriving physician-owned cosmetic surgery practice, from startup to long-term growth.New episodes every Wednesday.Host: Dr. Lauren UmstattdConnect with Lauren: @lauren_umstattd_mdProduced by: The Hippocratic CollectiveSee more shows and content at hippocratic-collective.com