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Take Control of Your Professional Life as a Doctor

Nov 19, 2024

If you’re a physician frustrated by the corporatization of medicine and the loss of autonomy, you’re not alone. Many doctors feel trapped in a system that demands more while giving less. But what if the solution to career satisfaction lies in stepping into control over how, when, and where you practice medicine?

This post will explore why doctors need to take charge of their professional lives, moving beyond passive dependence on corporate employers to embracing self-employment, building a micro-business, and controlling their careers. I’lll share a real-life success story from a dermatologist who took this path and hasn't looked back since, illustrating the power of independence and the support SimpliMD offers to make it achievable.

The Problem with Corporate Medicine: Loss of Autonomy

When you work under a large healthcare system, it can feel like your expertise, judgment, and time are sacrificed to corporate agendas. As a physician, you’re trained to heal, but the corporatization of healthcare often focuses on business metrics and profitability over patient care and physician well-being. This shift has sidelined the role of physicians in clinical decision-making, constraining how you see patients, which treatments you offer, and even the time you have to engage with each case.

Here’s the bottom line: if you’re not in control of your career, someone else will be.

A Dermatologist’s Journey: How Taking Control Led to Professional Freedom

One story that epitomizes the benefits of physician autonomy comes from Dr. Alex, a dermatologist who once felt confined by his corporate position. Despite being well-respected and highly skilled, Dr. Alex found his practice limited by strict patient quotas, administrative requirements, and a never-ending push for volume over quality. He missed the autonomy he’d once imagined he’d have in his career and felt his calling to practice dermatology was being compromised.

It was during a consultation with SimpliMD that Dr. Alex saw the possibility of a different path. Inspired by SimpliMD’s mission to empower physicians through micro-business structures, he took the leap and set up his own dermatology micro-corporation. He soon discovered that this approach allowed him to prioritize patient care without the restrictions of corporate oversight.

Dr. Alex recently shared that "SimpliMD was a game-changer for me. Their support showed me a clear path to preserving my autonomy, my values, and, most importantly, my passion for dermatology. Now, I choose how I run my practice, and I’ve never felt more fulfilled.” Today, he sets his hours, decides on treatments based on what’s best for his patients, and enjoys the freedom to pursue innovative approaches in dermatology.

Why Dependence on Large Employers Leads to Burnout

Dr. Alex’s story resonates with many of you because it highlights the dangers of being overly dependent on a corporate employer. While corporate support can seem comforting initially, it often leads to burnout by denying you agency over your own practice. Burnout stems not just from long hours but from the feeling of being a cog in a wheel, forced to follow guidelines and schedules that don't align with the individual patient care you believe in.

Taking Ownership of Your Career: Building a Micro-Business

The solution is simple but not always easy: take ownership of your professional life by creating a micro-corporation, an approach that allows you to control your practice, set goals, and build a career on your terms.

A micro-corporation doesn’t require building a massive practice from scratch. Rather, it’s about adopting a structure that allows you to practice medicine as you see fit. Like Dr. Alex, you could enjoy the benefits of creating a micro-business:

  • Choose your hours

  • Select which patients to see and determine how to treat them

  • Charge for services based on their value and impact

  • Grow your practice with additional services that match your interests

Creating a micro-corporation is more manageable than you might think. At SimpliMD, we offer a personalized micro-business consult for only $99. This consult will guide you through each step, just as it did for Dr. Alex. Plus, when you sign up for this consult, you’ll receive a one-year SimpliMD membership worth $2500 in business products and tools to support your transition to independence.

The Benefits of Self-Employment for Physicians

Self-employment goes beyond the freedom of not having to answer to a corporate entity. When you run your business, you shape every aspect of your practice, leading to increased satisfaction, improved financial health, and an authentic sense of purpose.

  1. Flexibility: When you’re your own boss, you set the schedule. Dr. Alex, for instance, loves that he can now prioritize in-depth consultations and see patients at times that work best for them and him.

  2. Financial Control: Unlike salaried positions with capped income, self-employment offers limitless financial potential. When you control your practice, you have flexibility to introduce new services, expand markets, or explore innovations that serve your patients best.

  3. Enhanced Well-Being: Dr. Alex shared that autonomy has transformed his outlook on medicine. By building a practice aligned with his values, he has reduced burnout and rediscovered his purpose. This kind of alignment leads to better mental and physical well-being over time.

Are you ready to start? Our course, Creating a Practice Without Walls, is designed to provide the essential steps for building your micro-corporation. With this course, you’ll learn to create a structure that supports your financial and professional goals, putting you in the driver’s seat of your medical career.

Practical Steps to Building Your Micro-Corporation

Transitioning to independence can seem intimidating, but it’s achievable with the right approach. Here are the essential steps to help you get started:

Step 1: Define Your Vision and Goals

What do you want from your career? What patient populations are you passionate about? Defining these goals will help you establish a practice that aligns with your values and unique vision.

Step 2: Form a Micro-Corporation

Establishing a micro-corporation provides legal protections, effective income management, and potential tax benefits. Just as Dr. Alex did, forming a corporation allows you to structure your business in a way that maximizes both autonomy and protection.

For personalized guidance, SimpliMD offers business guide services specifically for helping self-employed doctors start their micro-corporations. We understand the unique needs and challenges of physician entrepreneurs and can provide actionable insights to help you succeed, while connecting you to legal and tax professionals that will help you thrive!

Step 3: Market Yourself and Build a Client Base

Identify your target market, develop a simple marketing strategy, and harness word-of-mouth from satisfied patients. At SimpliMD, our resources help you confidently market your practice to the right patients, just as Dr. Alex has.

Step 4: Embrace Financial Management

Managing finances is a priority once you’re in control of your practice. Track expenses, optimize income, and continually seek ways to improve the financial health of your practice. My Business Plan Bundle is a perfect resource to help you do this.

This may feel overwhelming initially, but the reward—true financial freedom—is worth it.

Let Go of Passive Dependence and Start Building a Career on Your Terms

Dr. Alex’s story is proof that corporate healthcare doesn’t have to be your only option. Dependence on corporate employers limits your potential, drains your energy, and can lead to burnout. However, stepping out of that model into your own micro-business means reclaiming ownership over your life and career.

The path to independence is achievable, and you don’t have to do it alone. At SimpliMD, we’re here to support you with the resources, guidance, and community you need. From personalized business consults and business coaching for self-employed doctors to our course Creating a Practice Without Walls, we’re ready to help you make the shift from corporate-controlled medicine to a fulfilling, self-directed career.

Ready to Stop the Insanity?

If you’re ready to make a change, now is the time to take action. Schedule a SimpliMD personalized micro-business consult for only $99, which includes a one-year SimpliMD membership packed with $2500 worth of business products to support your growth.

Additionally, sign up for Creating a Practice Without Walls and begin your journey to self-employment with a step-by-step guide to forming a micro-corporation that will put you in control of your professional life.

Just like Dr. Alex, you can enjoy a fulfilling and autonomous medical career that aligns with your values and goals. Don’t wait for corporate medicine to change—take control of your future today.