Healthcare Boss Academy Podcast

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast explains why he no longer provides one-on-one coaching or consulting. He highlights the advantages of transitioning to group coaching and creating online courses to help scale your business.

EPISODE HIGHLIGHTS:

• In late 2017 and early 2018, Jason offered one-on-one consulting for ketamine therapy to share his knowledge and pay it forward by helping others.
• One-on-one consulting is a good business model yet it requires a great deal of time and it’s not scalable.
• Entrepreneurs should create assets, something that puts money into your wallet or bank account consistently.
• Do not trade your time for money - this is the opposite of creating an asset.
• Group coaching and online learning allow you to maximize your time while building assets because you get paid more per hour and you reach more people.
• If you’re just getting started in your business, Jason advises launching with one-on-one coaching to develop your craft and share stories. Once you master your craft, you can move to group coaching.
• If you have a business that’s 100% dependent on you and your ability to produce, you simply own your job.
• Give yourself credit for the accomplishments you’ve achieved and then help others achieve the same thing.
• Turn your superpower into a business that can generate $5-10k per month. For Jason, his side hustle in ketamine therapy blew up. He now offers three online courses - the Cash-Based Practice course, the Ketamine Infusion Therapy Program, and the IV Nutrient Therapy Program. The Ketamine and the IV programs generate more than six figures per month.
• Jason has a new course coming online - the Course Creator Academy. If you’re interested in being notified for enrollment, please reference the first link in the Resource section.

3 KEY POINTS:

1. You can charge more for one-on-one coaching, however, this model requires a great deal of time. If you continuously trade your time for money, the business you’re building is not a real asset.
2. If you do group coaching and combine this with an online course, you’re paid substantially more for a fraction of your time.
3. A services business is easy (and fun!) to get up and running. Structure it around your area of expertise and help other people achieve what you’ve already accomplished.

TWEETABLE QUOTES:

“That’s what it boils down to... I didn’t want to continue trading my time for dollars, and I also wanted to create an asset and build a real business.” - Jason Duprat

“Once you start to train your mind to think like a business person... you’ll start to pinpoint all sorts of different areas of inefficiencies in your business... even your personal life...” - Jason Duprat

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast talks with Blair Thielemier, PharmD, and founder of Pharmapreneur Academy and the Elevate Pharmacy Virtual Summit. Blair talks about the ups and downs of her transition from employee to entrepreneur, highlighting the importance of working with a mentor. She also discusses the challenges of starting a consulting business and a virtual summit, offering advice for people who want to venture into these startup areas.

EPISODE HIGHLIGHTS:

• Blair knew early on she wanted to work in healthcare, and it was her love for biochemistry and physiology that led her to become a pharmacist.
• After pharmacy school, she worked for a small independently-owned community pharmacy. Eventually, she wanted to do something more challenging so she switched to a clinical hospital role.
• When she lost her job in 2014, Blair found support from a network of independent community pharmacies. She was six months pregnant and picked up PRN shifts. As a result, this is the community she now serves and helps through her online academy and virtual summit.
• Medication Therapy Management (MTM) is an umbrella term for the variety of services pharmacists offer. Pharmacists conduct a comprehensive review and suggest interventions for patients. Ultimately, MTM is what reignited Blair’s passion.
• She’s an advocate for pharmacists because, at the federal level, they’re not recognized as healthcare providers.
• After giving up a director position to launch her pharmacy consulting business, Blair dove into business podcasts and worked with a mentor to put her in the right mindset.
• Healthcare professionals tend to fall back on certifications and more education, but entrepreneurship is a challenge because there’s no curriculum or rule book to follow.
• Blair grew her email list to 100 people and decided to launch the Pharmapreneur Academy in 2015. She had eight people sign up as her beta group. The course was $297 and offered six lessons.
• She then doubled the enrollment and added a seventh course on chronic care management based on requests from the beta group. And after this session, she switched to a membership model for the online academy.
• After finding inspiration from a podcast and learning from other experts at virtual summits, Blair launched the Elevate Pharmacy Virtual Summit in 2017 and it’s been held every year since then.
• The benefits of going virtual include being able to launch events during the pandemic and scaling your message as a healthcare professional.
• Find a mentor/coach who’s doing what you want to do and don’t be afraid to pay them for their expertise. If you feel uncomfortable, that’s a sign you’re on the right path.

3 KEY POINTS:

1. A full-time job is not a guarantee you’ll have a stable career. Have a backup plan in case life decides to throw you a curveball. Consider starting your own business and taking ownership of your time and freedom.
2. Pharmapreneur Academy provides pharmacists with a framework to leverage their skills as consultants. It started with one-on-one coaching programs and courses before shifting to a membership site.
3. The Elevate Pharmacy Virtual Summit gives pharmacists a voice and adequate representation, averaging 1500-2000 attendees each year.

TWEETABLE QUOTES:

“Maybe my purpose in entrepreneurship is to have an impact on patients throughout the country.” - Blair Thielemier

[Leverage your knowledge in a new way.” - Blair Thielemier

“Pharmacists—at the core of what we do—are very entrepreneurial, very innovative, and very community-centered.” - Blair Thielemier

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast talks about the importance of staying organized and shares what he’s learned after years of running a business. He also discusses a great software tool that will help you manage your projects, team, and communications more efficiently.

EPISODE HIGHLIGHTS:

• When you run your own business, it’s important to get your to-dos done and remain organized.
• Systemizing is a must. This can be a struggle and for Jason, it took a few years to learn how to streamline tasks.
• Projects aren’t stressful; the details are. Become a production expert and alleviate stress. One great software tool to help you do this is Asana.
• For example, when Jason has a new lesson for a course, he creates the main task within Asana and then adds subtasks. He can include links in the task description and within each task, assign followers so team members remain in the loop.
• Communicating via email can be confusing and it can quickly create disorganization when several people are involved in a single project. This is particularly true if you’re working with dozens of contractors, freelancers, and staff.
• Asana alleviates this chaos by centralizing the work and communications associated with team projects.
• Asana can be used to organize personal tasks as well, which is something Jason does. When you log in to the dashboard, you can easily see your to-do list for the day.

3 KEY POINTS:

1. Making mental to-do lists, using sticky notes, or keeping track of tasks through a calendar is fine but having a systematized way to handle everything that needs to get done for your business is an absolute must.
2. Asana is one of the best software tools Jason uses across multiple projects. One of the benefits is you can create teams and manage communications for specific projects within the software program.
3. Letting a software program organize your tasks or to-do lists leaves your mind free to think and work more creatively.

TWEETABLE QUOTES:

“You need to be organized in order to lead an effective and organized team.” - Jason Duprat

“As the business owner, you are setting the direction for where you’re going.” - Jason Duprat

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast talks with Laura Meaney, DNAP, CRNA, and Co-Founder of Focused Infusion Therapy. Laura talks about the steps she took to open her practice and offers advice for anyone interested in starting a ketamine clinic.

EPISODE HIGHLIGHTS:

• In 2019, Laura got her doctorate in anesthesia. Her doctoral thesis was on ketamine and protocols for treatment-resistant depression.
• Her practice, Focused Infusion Therapy, is located in Arizona and has been open since October 2020.
• Her business partner had the capital to launch. They started small and now have plans to open satellite clinics in the central Phoenix area.
• Laura shares how she found her medical director, a physician from a local hospital. He reviews charts and consults.
• She also shares the steps she and her business partner took to open their practice—from purchasing equipment to renting a place to set things up.
• Laura talks about how they overcame the challenge of launching a website and what marketing methods they used to promote their business.
• The American Association of Nurse Anesthesiology and the American Psychiatric Nurses Association released a joint statement that CRNAs should be collaborating with mental health clinicians if they’re treating mental health patients.
• Laura admits some patients have experienced side effects after ketamine infusions, such as nausea and headaches. She's worked with them to manage these side effects.
• Focused Infusion Therapy also offers IV therapy, which she believes is a great complimentary service to ketamine.
• It’s so rewarding to see people feeling better. Laura's father suffered from depression and chronic pain. After having ketamine therapy treatments, she said he smiles more and enjoys playing golf.
• Laura is on a mission to spread the good word about ketamine everywhere she can.
• Her advice for anyone concerned about the challenges of opening your practice: Suck it up and stick it out. It’s about the mission and not the money.

3 KEY POINTS:

1. The Ketamine Academy helped Laura better understand how to achieve her goal of opening her ketamine practice. It only took her and her business partner four to five months to launch Focused Infusion Therapy.
2. Her mission is to bring health and wellness to all aspects of a patient’s life through ketamine infusions and IV therapy. Laura wants to help people get back to their lives and have happier days.
3. Laura advises hiring people who can fill in the gaps when you open a practice - hire for what you don’t know.

TWEETABLE QUOTES:

“Collaboration is key.” - Laura Meaney

“I have a lot of hats but I also have a lot of help.” - Laura Meaney

“If you don’t know, you need to hire somebody who does know.” - Laura Meaney

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

OVERVIEW:

Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast discusses how to open a healthcare practice with low startup and low overhead costs for under 20K. He recommends starting small in terms of space and staff. He also highlights certain services that don’t require expensive equipment to help further reduce costs.

EPISODE HIGHLIGHTS:

• There are four key factors for starting lean when you open your healthcare practice.
• First, start small in terms of size. You don’t need a 7000-10,000 square foot space to launch your business.
• Also, sign a short-term lease for one year. Or consider renting an exam room from another clinician’s office.
• Most patients don’t care about the physical size of the practice. They care about the quality of care they’ll get and the results you can provide.
• Second, open your practice with you as the sole service provider. Be prepared to wear many hats; be ready to chart and manage administrative tasks.
• Labor will be one of the highest expenses incurred once you begin hiring clinicians to see and treat patients.
• Third, consider alternatives to a physical space such as a mobile, virtual, or home-based practice that allows you to make house calls or provide services at long-term facilities.
• Fourth, consider having an aesthetic focus (botox, microneedling, etc.) to help reduce equipment costs. Lower overhead means greater profits.
• There’s a misperception that healthcare practices are expensive to launch. If you keep overhead low and work lean, you can open for under $20,000.
• Reinvest profits to see more growth.
• Build your business and build tax deductions.

3 KEY POINTS:

1. Start with a small practice or a small clinic.
2. Start with one or two clinicians. If you want to keep expenses low, be the sole clinician (initially) and then hire a part-time receptionist.
3. Aesthetics services including botox, microneedling, platelet-rich plasma (PRP) therapy, IV therapy, ketamine therapy, and hormone replacement therapy are some services that don’t require a lot of overhead in terms of equipment and supplies.

TWEETABLE QUOTES:

“We all want overhead to be low because overhead eats into profit.” - Jason Duprat

“There’s a big misconception that all medical practices cost a fortune to get started.” - Jason Duprat

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea