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Coaching and Consulting with Doctors: A Success Story from Rural Georgia

Mar 01, 2025

When I first began SimpliMD, my vision was to empower physicians to reclaim their autonomy and create thriving careers through micro-corporations. Over the years, I’ve had the privilege of coaching countless doctors on their journeys to professional independence. One such inspiring story comes from a primary care physician couple in rural Georgia who transformed their professional lives after reading my book, Dr. Incorporated. Their experience exemplifies the power of coaching, practical guidance, and a willingness to pursue a win-win strategy with their hospital administration.

From W-2 to Independent Contractors: The Catalyst

The couple, both satisfied W-2 employees at their local hospital, never imagined they’d one day transition to independent contracting. Yet, after reading Dr. Incorporated, they realized the potential benefits: greater flexibility, tax advantages, and the opportunity to shape their own professional futures.

Eager to take the first step, they reached out to me for guidance. During our initial consultation, I emphasized the importance of approaching their hospital administration from a collaborative perspective. Hospitals often act as gatekeepers for such transitions, and the key is to demonstrate how an employment-lite model—working under a professional services agreement (PSA)—can benefit both parties.

Crafting a Win-Win Proposal

When the couple finally met with their CEO, they were prepared. They outlined their vision of transitioning to long term independent contractors under a PSA, highlighting how this model could:

Reduce administrative burdens for the hospital.
Maintain continuity of care for patients.
Provide the physicians with greater autonomy while ensuring their ongoing commitment to the organization.

Their thoughtful approach paid off. The CEO expressed a willingness to explore the arrangement further and invited them to speak with the hospital’s CPA and attorney to review the contract details. Here’s the email I received from them shortly after:

Hi Dr. Tod, Thanks for meeting with us last month. We finally met with our CEO who has expressed a willingness to work with us under a professional services agreement. Our CEO has offered to have us speak with the CPA/Attorney who looks over the contracts of this organization, and we plan to do that. However, when we spoke, you referenced a professional who has expertise in this matter. We are ready to move forward with a consultation with that person. Thanks again for your time. We look forward to seeing where this new journey will take us!

Building Their Micro-Corporation & Their Professional Team

After their successful meeting with the CEO, the couple engaged SimpliMD’s Build Your Business Team Guide Services. Here’s how I supported them through the next steps:

Connecting Them to Experts: I introduced them to a professional who specializes in physician micro-corporations. His expertise ensured their PSA contract aligned with both legal and financial best practices.
Setting Up Their Professional Corporation (PC): Through SimpliMD’s services, they were connected with a lawyer skilled in structuring PCs for physicians. This ensured their micro-corporation complied with all state regulations and optimized their tax benefits.
Comprehensive Review of the PSA Contract: Together with their professional team, we reviewed the terms of the PSA to ensure it protected their interests while fostering a positive relationship with the hospital.
Creating a Strategic Business Plan: Using SimpliMD’s $99 Professional Micro-Corporation Business Plan Bundle, they outlined their business goals, developed a SWOT analysis, and crafted a realistic budget tailored to their new independent contractor roles.

Building Your Professional Team

Success in an independent physician extends beyond clinical expertise; it requires a cohesive team of professionals who understand the intricacies of healthcare business operations. Our $500 SimpliMD Build Your Business Team Guide Services connect you with a network of trusted experts, including:

Legal Advisors: Ensure your practice operates within legal parameters and is protected against potential liabilities.
Tax Professionals: Optimize your financial structure for tax efficiency, allowing you to retain more of your earnings.
Wealth Managers: Develop strategies to grow and protect your personal and professional assets.
Business Coaches: Provide ongoing guidance to help you navigate challenges and seize opportunities as they arise.

As highlighted in our recent blog post, "Why Every Independent Doctor Needs a Legal Professional on Their Team," having the right legal support is crucial for navigating contracts, compliance, and other legal complexities inherent in medical practice. Similarly, our article "Why Every Independent Doctor Needs a Wealth Manager on Their Team" emphasizes the importance of strategic financial planning in achieving long-term success.

Embrace Your Journey to Professional Freedom

Transitioning to an independent practice model is a significant decision that requires careful planning and support. At SimpliMD, we are committed to providing the resources and guidance necessary to make this transition as seamless and rewarding as possible.

Take the Next Step with SimpliMD

Personalized Coaching: Invest in your future with our $2,000 SimpliMD Business Coaching program. Receive individualized support tailored to your unique goals and challenges. Learn more
Comprehensive Business Planning: Lay a solid foundation for your practice with our $99 Professional Micro-Corporation Business Plan Bundle. Access essential templates and tools to guide your strategic planning. Get started
Professional Team Building: Assemble your team of experts with our $500 SimpliMD Build Your Business Team Guide Services. Connect with legal, financial, and business professionals dedicated to your success. Find out more