Providers Properties and Performance: Recent Episodes
Trisha Talbot
Bringing together healthcare providers, business leaders and forward thinkers at the intersection of healthcare and real estate to explore optimizing human, property, or professional performance. In conversations with innovators, industry disruptors and strategy masters inspired by progressive medical procedures, health & wellness therapies and investment real estate solutions we analyze how to deliver better patient care using medical office buildings, surgery centers, urgent care centers and hospitals. Discussions include the changing healthcare environment, the future of the healthcare industry and embracing opportunities while achieving a return on healthcare real estate investments.
Today's podcast episode is my interview on the Wealth Planning for the Modern Physician podcast with David Mandell of the OJM Group. We dive into healthcare real estate assets for physician owners interested in properties for their practice as a financial planning and wealth management tool.
In this episode, we talk about:
[3:10] What it means to be a Certified Commercial Investment Member
[5:04] What it means to be hold a Masters of Corporate Real Estate
[7:40] How Trisha got started in real estate
[12:02] What motivated Trisha to launch DOCPROPERTIES
[12:48] Factors to consider when scoping out a building for your medical facility
[18:43] What a healthcare real estate advisor is and how its beneficial to doctors
[21:46] How Trisha can support doctors with their purchases on a national level
[23:25] The process behind selling a medical practice building
[24:46] What to do first when building or purchasing your own medical real estate
[29:06] How to position a medical office for valuation
[31:13] When you should consider selling your medical building
[36:58] Trisha’s best advice for doctors regarding real estate within their practice
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOCPROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Have you ever wondered how your investment strategies can make a social impact? Today's podcast episode is my interview on the Money with Mission podcast with Dr. Felicia Froe. Not only do we discuss goals of physician ownership of healthcare properties, considerations for owning and operating a property, and exit strategies, but also how you can help to build up underserviced communities.
Money with Mission is a social impact focused investment show that prioritizes neighborhood transformations and profit generation for mission-minded investors.
In this episode, we talk about:
[01:46] My journey to real estate
[04:05] How your investments and processes should be influenced by your lifestyle
[09:05] How DOCPROPERTIES can help you make informed investments
[11:29] Ways to get maximum value for your building
[15:07] Tips for transitioning from renting to ownership
{17:46] My specialties, who we work with, and what is happening in the market right now
[23:04] MIssion-driven real estate investing
[25:18] How to stay connected and up to date on the market
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOCPROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Do you have aspirations of owning multiple practices? On today’s podcast episode, I interview Sonny Spera, a dentist who has grown his practice into five locations. Sonny shares his experiences from his first practice purchase to building a property from the ground up. Listen in and take notes as he talks about lessons learned throughout his process and tips for other clinicians to consider when becoming a practice owner.
In this episode, we talk about:
[01:53] Sonny’s background and path to dentistry
[04:02] His experience of building up to 5 practices
[20:54] Sonny’s advice for physicians starting out in real estate
[23:30] What to take into consideration when scouting locations
[28:15] Sonny’s first job
[29:43] What Sonny would be doing if he hadn’t chosen dentistry
[30:19] What Sonny is currently reading or listening to for news, information, or inspiration
[31:56] What Sonny does for healthy self-care
[32:29] Sonny’s thoughts on whether the desire to heal is born or trained
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOCPROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
On this week’s episode, we’re highlighting my interview on the DocPreneur Leadership Podcast. Join us as we discuss the business of healthcare, real estate ownership, and best practices according to your patient demographics and investment goals.
The DocPreneur Leadership Podcast covers healthcare insights, news, physician education, and economic analysis about a wide variety of topics in healthcare. It was an honor to be on their show and I can’t wait to share it with you!
In this episode, we talk about:
[2:33] My path to working with physicians
[6:17] Owning a medical facility while still practicing medicine
[10:00] How to select a real estate broker
[12:31] Trends and challenges in healthcare and real estate
[20:52] Why visibility is key for your practice
[25:31] How to understand the value of your medical facility
[27:52] When and how to sell your medical practice
[29:43] The process of purchasing a medical office
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOCPROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Have you ever considered owning your own property or put thought into how to create the most beneficial exit and succession strategies? I invited Mike McCaslin, CPA and partner at Somerset CPAs and Advisors, on the podcast this week and we had a fascinating conversation that I can’t wait for you to hear.
Mike advises healthcare practices on how to handle real estate assets in succession planning and recruitment, creating financial models using healthcare and real estate economics to determine values and exit strategies. Mike shares a wealth of information on this episode, so don’t be afraid to listen a couple of times to take it all in.
In this episode, we talk about:
[2:39] Michael’s career path into advisory services for healthcare, physicians, and real estate
[8:24] The formulas and compromises that have become lifesavers for practices
[12:35] How Michael and his team choose the winning model for each practice
[14:40] Examples of how Somerset CPAs and Advisors help their clients
[20:50] Michael’s thoughts on the safest real estate investment in the world
[23:31] Our recommendations to get started in real estate ownership
[28:13] Deciding when to exit
[29:35] Michael’s first job
[32:09] What Michael is currently reading or listening to for news, information, or inspiration
[33:16] What Michael does for healthy self-care
[34:30] Michael’s thoughts on whether leaders are born or trained
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOC PROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
If the world of medicine has ever felt a bit fragmented to you, or if your patients have ever grown tired of repeating themselves to different doctors - there’s another way. On today’s podcast, I invited Dr. Jonathan Baktari, founder and CEO of e7Health and U.S. Drug Testing Centers, to discuss how he and his team have been striving to make the navigation of the medical world easier for patients and doctors alike.
e7Health offers a software solution for many drug testing labs throughout the United States while the U.S. Drug Testing Centers offer adult vaccine solutions.
We discuss how his company was already prepared for adult vaccinations to address the COVID 19 pandemic, and how digital health and implementing technology such as AI is the future of healthcare.
In this episode, we talk about:
[02:50] Jonathan’s path from internal and pulmonary medicine to vaccines, drug testing, and technology
[04:32] What e7Health provides
[07:31] The ease of working with e7Health
[10:52] Why Jonathan chose real estate near hospitals
[13:08] How Jonathan’s team was prepared for Covid 19
[16:41] How Covid 19 has prepared us for the next pandemic
[19:34] Why digital health is the future of healthcare and what’s holding it back
[27:48] Using AI and drug testing software
[32:10] Jonathan’s first job
[32:58] What Jonathan would be doing if he wasn’t in healthcare
[34:06] What Jonathan is currently reading or listening to for news, information, or inspiration
[35:16] What Jonathan does for healthy self-care
[36:23] Whether the desire to heal is born or trained
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOC PROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
On today’s episode of the Providers, Properties, and Performance podcast, I wanted to give you a more detailed glimpse into specific strategies and examples for physician owned properties. I invited CPA Thomas Castelli to discuss this topic, and we dive into tax strategies for real estate ownership, helping you understand your options for your property ownership hold period. Listen in as we discuss appreciation, depreciation, and using leverage as a tax strategy.
In this episode, we discuss:
[02:29] Thomas’s background and path to real estate tax strategies
[05:55] How to understand the difference between passive and nonpassive activities
[07:01] The benefits of owning a building
[09:54} A closer look at depreciation
[13:02] Strategies for using leverage as a tax strategy
[14:49] Tax deductible interest
[17:10] Ways to reduce tax liability
[23:48] The importance of having an attorney
[24:55] Thomas’s first job
[25:13] What Thomas would be doing for a living if he wasn’t a CPA
[25:31] What Thomas is currently reading or listening to for news, information, or inspiration
[26:09] What Thomas does for healthy self-care
[26:35] Thomas’s thoughts on whether leaders are born or trained
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOCPROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
You will often hear me talk about the importance of having the latest market data when making investment decisions. To support you in this endeavor, today I will be narrating the DOCPROPERTIES’ Q2 Market Report for the Arizona Medical Office. This report will give you exactly what you need to identify opportunities for the greatest return and investment. Join me today as I review breakdowns on the impact of the pandemic, market sales activity, leasing activity, investor interest in health care properties, and much more. Download your own copy of the Q2 report here.
In this episode, I cover Q2:
[1:12] State inflation and unemployment
[1:41] Indicators of robust growth
[3:52] Sales activity
[4:55] Cap rates
[5:07] Quarter headline news
[6:03] Asking rents
[7:11] Vacancy
[8:33] Net absorption
Thank you for listening to our Q2 Arizona Medical Office report. Remember to download your free copy here.
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOC PROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Private banking is a fascinating topic that can be a very practical tool for today’s physician investors. I invited Seth Hicks of Private Banking Strategies on the podcast to uncover the benefits of private banking for physicians.
Seth is an attorney, private banker, and asset protection expert who helps high net worth individuals become their own bank and set themselves up for successful generational wealth building. Join us as we discuss how private banking can help you protect your assets, keep what you make, and enjoy better tax advantages.
In this episode, we talk about:
[2:18] Seth’s 3 decades of experience protecting assets
[3:24] The core benefits and value of private banking
[4:41] How to create a bulletproof vault and keep what you make
[9:33] Why good insurance coverage isn’t enough
[11:06] How to borrow money from a life insurance policy
[12:22] Tax differences between using your 401k and a life insurance policy
[13:20] A transaction walkthrough
[16:21] Tax-free growth
[18:51] The calculations behind maximum whole life insurance availability
[20:12] Seth’s first job
[20:35] What Seth would be doing if he wasn’t a private banker, asset protection expert, or an attorney
[21:14] What Seth is currently reading or listening to for news, information, or inspiration
[24:12] What Seth does for healthy self-care
[24:34] Seth’s thoughts on whether leaders are born or trained
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOC PROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Physician-owned real estate can be an incredible tool. If used correctly, you can create exactly the type of freedom you’re searching for: financial, geographical, time, and more. As a living testament to what can happen when you put real estate to work for you, I invited Dr. Param Baladandapani to join me in today’s episode. Dr. Bala is a radiologist, full time mom, real estate investor and mentor to professionals seeking freedom through real estate investing. Listen in as we discuss her personal journey from medical professional to real estate investor, how to utilize the full power of physician-owned real estate, and what to do if your investments are losing the numbers game.
In this episode, we talk about:
[3:08] Why Dr. Bala pivoted in her medical career to become a real estate investor
[5:30] Dr. Bala’s take on physician burnout and financial freedom
[7:24] The who, what, and why involved with Dr. Bala’s consulting practice
[8:35] The power of owning real estate as a physician
[14:09] Why outsourcing is a critical piece of owning real estate
[15:34] What to do when your investment “isn’t working out”
[16:34] The pros and cons of becoming emotionally attached to tenants
[17:21] A broad overview of Dr. Bala’s real estate systems
[19:18] How the “who, not how” approach can reduce overwhelm
[20:30] Dr. Bala’s message to her younger self
[22:16] Dr. Bala’s first job
[22:33] What Dr. Bala would be doing if she wasn’t a physician or entrepreneur
[23:18] What Dr. Bala is currently reading or listening to for news, information, or inspiration
[24:00] What Dr. Bala does for healthy self care
[24:49] Whether the desire to heal is born or trained
[26:00] Whether leaders are born or trained
We have an announcement! Our Q2 report has been released. We often talk about the importance of having the latest market data when making investment decisions. Each quarter, DOC PROPERTIES publishes a market report that gives you exactly what you need to identify opportunities for the greatest return and investment. You can download your free copy here.
Thank you for tuning into the Providers, Properties, & Performance podcast!
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Did you enjoy this episode? Click here to subscribe, rate and review.
Click here to schedule a healthcare real estate investment strategy consultation.
Connect with Trisha:
DOC PROPERTIES | WEBSITE
Trisha Talbot |LINKEDIN
Info@docproperties.com | Email inquiries
Today’s episode is a compilation of our Healthcare Innovator Series episodes to date. We will hear from Banner Health’s Alzheimer’s Research for Early Detection and two minimally invasive spine surgery techniques with Drs. Yeung and Abbasi. Then, Dr. Kornweiss shares how he is helping patients prevent chronic illness and level up their health for peak performance.
This episode features…
[1:44] Episode 70: Healthcare Innovators – Alzheimer’s Research for Early Detection and Prevention with Connie Boker and Jennifer Craig-Muller of Banner Health Alzheimer’s Institute Imaging Program
[10:41] Episode 96: Healthcare Innovators – Spine Surgery Trailblazer & Real Estate Entrepreneur with Dr. Anthony Yeung
[18:28] Episode 104: Healthcare Innovators – Creating Better Outcomes with Minimally Invasive Spine Surgery with Dr. Abassi
[27:10] Episode 108: Healthcare Innovators – Promoting Wellness and Preventing Chronic Illness with Dr. Kornweiss
Links to resources:
Q2 Report
Banner Health Alzheimer’s Institute Imaging Program: www.banneralz.org
Dr. Anthony Yeung: Desert Institute for Spine Care
Dr. Hamid Abassi: Inspired Spine
Dr. Steven Kornweiss: https://kornweissmedical.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
In today’s episode, I’m joined by Sam Giordano, a gastroenterologist, author, professor, and co-founder of the LP Deal Analyzer Tool. In his free time, Sam is a passive real estate investor as a limited partner and created a tool to help him sift through the hundreds of pages of real estate deal analysis and legal information involved for every deal. After creating the tool for himself, he partnered with an experienced real estate underwriter to take it to the next level where they plan to continue to improve the tool and make it even easier for physicians to process private placement memorandum.
In this episode, we talk about…
[3:00] Sam’s background as a practicing gastroenterologist and passive real estate investor
[3:39] Why Sam decided to go into commercial real estate investing
[7:49] How Sam felt when he got his first private placement memorandum and how that sparked the creation of the LP Analyzer Tool
[9:47] How long it took for the LP Analyzer Tool to actually come to fruition
[14:08] How Sam determines which deals are going to be worth his while
[17:38] What Sam’s co-founder Terry Kipp added to the LP Analyzer Tool to make it even better
[21:33] Sam’s first job
[22:28] What Sam would be doing for a living if he wasn’t a physician
[23:38] What Sam does every day for healthy self care
[24:41] What Sam is currently reading or listening to for news, inspiration, or information
[25:47] Whether the desire to heal is born or trained
[27:28] Whether leaders are born or trained
Links to resources:
www.passiveadvantage.com
Deal Analyzer Tool
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week's episode of the podcast features an interview with physician and business entrepreneur Cherry Chen. Cherry is a co-founder of The Real Estate Physician, a real estate investing business, in addition to her day work as a physician and hospitalist specializing in internal medicine. We explore her entry into the investment real estate market as well as a medical office building that her business and partners bought via an organic physician network relationship. She describes how she made the transition from passive to active investing and notes that she is constantly learning.
In this episode, we talk about…
[3:38] What piqued Cherry's interest in real estate investment
[5:07] Valuable insight Cherry learned from her initial real estate investment
[6:17] Going from a passive to an active investment approach
[9:18] The day-to-day dealings of managing properties
[12:15] The due diligence and underwriting required for Cherry’s medical office purchase
[13:22] Investing with a group of physicians
[17:10] The geographic scope of Cherry’s investments
[18:34] Cherry’s first job
[19:19] What Cherry would do for a living if she were not a physician
[20:20] What Cherry listens to and reads for inspiration
[21:57] Cherry’s daily routine for self-care
[22:57] Whether the desire to heal is born or trained
[23:33] Whether leaders are born or trained
Links to resources:
https://therealestatephysician.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode is my interview on The Doctor Whisperer podcast with host Sharon Fekete. Sharon consults with physicians on the business side of healthcare so they can focus on practicing medicine. In this episode, we discuss physician-owned properties, how clinicians can own income-producing properties where they also have a practice, and how I help in this endeavor for practicing physicians.
In this episode, we talk about…
[1:45] Trisha’s background
[3:56] How Trisha helps with healthcare real estate investment
[12:21] How the pandemic has affected healthcare building standards and trends
[18:47] Balancing the right location with the price of investment properties
Links to resources:
The Doctor Whisperer Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
In today's podcast interview, I discuss packaging a practice and property together for sale or purchase with Liam Krahe, an attorney at Cohen Law Firm. Cohen Law Firm specializes in representing dentists and dental specialties to either purchase or sell practices and the associated real estate. We discuss how these are valued, structured and some best practices.
In this episode, we talk about…
[2:00] Focusing on the dentistry niche
[2:40] Liam’s background as a real estate attorney
[4:11] How Liam got started with Cohen Law Firm
[5:59] The moving parts when brokering a real estate deal
[7:49] When to talk to a lawyer versus a broker
[10:35] Buying a practice and selling the real estate
[12:26] Typical deal size for dentists’ real estate
[14:27] The cost of not leasing property
[22:38] Liam's first job
[24:38] What Liam would be doing if he was not an attorney
[25:25] What Liam is reading for information and inspiration
[26:58] What Liam does for daily self-care
[27:17] Liam's thoughts on whether leaders are born or trained
Links to resources:
https://cohenlawfirmpllc.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode is my interview on The Provider’s Edge Podcast hosted by Sabrina Runbeck. Sabrina coaches private practice physicians that want to take their businesses to the next level, avoid burnout and lead a healthy and happy lifestyle in their entrepreneurial pursuits. In this interview, we discuss how investing in their own physician-owned property and healthcare real estate investments can help them build active or passive income streams.
In this episode, we talk about…
[3:39] How Trisha got into the healthcare real estate space
[9:33] The first step investors should think about
[18:28] Vision and future plans as an investor
[19:55] The effect of the supply shortage on commercial real estate
[27:06] Trisha’s thoughts on her whole life assessment
Links to resources:
www.sabrinarunbeck.com
www.sabrinarunbeck.com/new-podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
AUDIOGRAM
Today’s episode we have a conversation with David Mandell, who is a partner at OJM Group. We discuss his wealth management firm, where the majority of his clientele are medical professionals because of the large incomes they have the potential to achieve. OJM has a primary emphasis on assisting customers in making plans for the future, guarding their assets from potential risks like malpractice and insurance claims, and developing wealth accumulation strategies.
In this episode, we talk about…
[2:21] Background of OJM group
[7:36] What David was doing with his law degree and how he fell into wealth management
[8:46] How did David specifically get to focus on physicians?
[11:06] Recommendations for generational wealth through real estate
[14:12] Steps for doctors to purchase the building in which they practice
[24:22] David's first job
[24:49] David’s alternative career choice
[25:14] What David listens to for inspiration
[25:59] What David does for healthy self-care
Links to resources:
https://www.ojmgroup.com/
FOR A FREE BOOK:
Text DPPOD22 to 844-418-1212 or visit https://www.ojmgroup.com/education/bookstore/ and use the same code.
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode is my interview from the Freedom Formula for Physicians podcast with David Denniston. Dave’s practice has a high concentration of physician clients and he asks me about the value of healthcare real estate assets.
In this episode, we talk about…
[3:29] My journey and how I grew up
[6:23] My mom’s real estate journey that led to my interest in real estate
[6:50] The deciding factor to go into commercial real estate rather than residential
[8:29] Experience with traditional office versus medical office
[13:30] Has there been a change in medical in terms of space versus the knowledge workers?
[15:18] How would the conversation go if the question was posed about investing and a potential client felt as if they didn’t have enough to invest with?
[19:26] Some of the terminology for those physicians that want to get familiar with real estate and are just starting out
[28:26] Does the price change according to geography?
[33:29] What to expect for a low end medical office in the suburbs
[34:31] What is the difference between a medical office building and a surgery center?
[35:56] The number one mistake that people make in buying a medical office building
Links to resources:
https://www.daviddenniston.com/about
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode, I welcome Jeff Anzalone, a practitioner of peritonitis who uses his blog, Debt Free Doctor, to educate other physicians and share what he has learned in order to assist others. During the course of the episode, we will discuss the reasons behind why he initially invested in commercial real estate.
In this episode, we talk about…
[2:11] Jeffs background on how he became a practicing physician and his journey of a physician investor
[5:53] Summarizing the blog and issues surrounding selling a medical practice and rather you need an exit strategy
[9:32] The attractiveness of passive income through syndications
[11:50] Why it’s important to have a property manager while you are still actively practicing
[13:41] Jeff explains what he has done in regards to medical office syndication, partnerships and medical offices
[14:12] Thoughts on a sale leaseback and why it's attractive to the market
[17:24] Jeff discusses what the most fun real investment he has done so far
[19:29] What Jeff would be doing if he changed careers
Links to resources:
www.debtfreedr.com
https://www.debtfreedr.com/medical-office-real-estate/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode, I will be introducing Steven Kornweiss, MD who promotes performance, prevention and longevity. Listen in as we discuss where and how he treats his clients, enhance their current health and to prevent or avoid something chronic, acute, traumatic or fatal.
In this episode, we talk about…
[2:35] Steve goes into detail how he was previously in emergency medicine and how he got to open up his private practice
[71:7] Steve explains what he does in terms of preventative care and functional medicine
[10:03] What his general patient profile is
[13:16] The pillars in which someone can remain healthy
[18:35] Thoughts on how processed foods impact your health
[22:44] Common pointers to promote longevity and good health
[26:56] Who is Steve? Questions asked to get to know him and his background
Links to resources:
https://kornweissmedical.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode, I am welcomed by the Medical Group Management Association's podcast and we discuss the advantages of investing in healthcare real estate, as well as the best practices that should be taken into account by investors who wish to sell, build, buy, own, and operate their own medical facility. In this episode, we talk about…
[2:27] How Trisha landed in healthcare real estate
[4:40] Who are the primary clients when you're working in healthcare real estate, and who is the main point of contact
[6:36] Making a decision regarding an exit strategy
[10:27] Explains how one owns medical facilities and can still practice medicine
[17:14] How to investors go about understanding the value of their medical facility, what are the steps to take and what should they look at
[19:28] Steps to take when wanting to sell their medical office
[21:06] Steps to evaluate when you’re going through the purchase of a medical office
[22:46] Case studies of a successful real estate transaction in the healthcare space
Links to resources:
MGMA Insights Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode, I'll go over the first quarter 2022 Arizona Medical Office Report for DOCPROPERTIES. Please visit our website if you'd like to read the documents.
In this episode, we talk about…
[1:31] Grand Canyons state economy approach pre pandemic levelves by the end of the first quarter of 2022
[1:53] Statewide, the unemployment rate rate had dropped to 3.3%
[2:14] The healthcare sector was in high demand
[2:48] Vibrant pace of construction for healthcare facilities as well as medical office buildings by the end of 2020
[4:23] Capital markets kicked off the year with a sizable number of large MOB sales transactions totaling over 158 million in the first month of the quarter alone.
[6:45] Asking rents year after year averaging out to a trend with an increase of 4.4%
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode, I am welcomed by Off the Clock Healthcare Entrepreneurs with Carl and Paul, who are both physical therapists encouraging discussions for healthcare entrepreneurs, and I bring the conversation referring to healthcare real estate investing to the table. Besides offering essential information to healthcare professionals, we also cover the significance of representation for those healthcare professionals who are interested in investing in real estate.
In this episode, we talk about…
[3:08] Why I choose the field of healthcare real estate
[8:45] Difference between residential real estate and commercial real estate
[12:00] Strategically placing your business and who are trying to serve
[15:57] Biggest myths or misconceptions of real estate investing as a healthcare professional
[20:08] Walking clients through and understand the process of investing
[24:47] How to fix financial issues when a client is about to close on a deal
[27:26] What was it like when COVID hit in 2020 and how real estate investors did around this time
[31:52] How Trisha grew and what helped her succeed and grow as an entrepreneur three successes she saw in her business
Links to resources:
Off the Clock Podcast
OTCpodcasttwenty@gmail.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode is part of the healthcare innovation series where I feature a healthcare company or a physician that is making an impact on patient care procedures or outcomes. Our guest today is Dr. Hamid Abbasi, Medical Director of Inspired Spine where he performs minimally invasive spine surgeries. Dr. Abbasi prides himself in being able to help patients that have been told for years that they just had to live with their pain.
In this episode, we talk about…
[2:50] Dr. Abbasi’s background and how he got started in the medical field
[6:59] What Dr. Abbasi to start focusing on minimally invasive spine surgery
[11:45] Why minimally invasive surgeries have more successful outcomes than traditional surgeries
[13:30] How Dr. Abbassi started Inspired Spine
[17:36] A peek into Inspired Spine’s upcoming expansion plans
[19:00] What is the oblique lateral lumbar interbody fusion procedure and why it’s such a successful surgery
[25:06] How physicians can get trained on minimally invasive surgery
[26:14] Dr. Abbasi’s minimally invasive thoracic interbody fusion procedure
[27:20] Inspired Spine’s Fellowship Program
[28:39] Dr. Abbasi’s first job
[29:08] What Dr. Abbasi would be doing for a living if he wasn’t a physician
[29:44] What Dr. Abbasi listens to for news, information, or inspiration
[31:22] What Dr. Abassi does for self-care
[32:57] Whether the desire to heal is innate or taught through medical training
Links to resources:
Dr. Hamid Abbassi
Inspired Spine
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode is my interview on the Rent to Retirement podcast. I am asked to dive deep into the real estate fundamentals of healthcare properties. The hosts ask me questions on why this asset is attractive from an investor and owner / user standpoint. We discuss lease rates, lease terms, lending, and tenant improvements from both vantage points. In this episode, we talk about…
[1:34] How I got started in real estate
[2:39] My decision to focus on healthcare real estate
[4:44] The scope of work for Doc Properties
[7:08] Financing retail properties
[11:37] The impact of the COVID-19 pandemic on healthcare real estate
[15:10] Evaluating a building that has medical use from a tenant perspective
[19:57] Financing healthcare real estate
[24:46] Whether or not surgery centers are becoming a saturated market
[27:52] The importance of proximity to hospitals
[29:41] The changing dynamics in healthcare real estate
[33:34] “Double dipping” in physician ownership and private practice
[35:47] When medical use may not be successful in a particular space
Links to resources:
The Rent to Retirement Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s interview is with Josh Rhodes of Crypto Y’all, discussing the cryptocurrency markets - an emerging financial market for investors to consider - and how it can be leveraged into commercial real estate investing. As this market continues to develop, I thought it was timely to discuss how cryptocurrency and the established commercial and healthcare real estate markets can intersect. After speaking to Josh, we learn how to use assets in cryptocurrency markets with lenders in these markets that offer investment property property loans.
In this episode, we talk about…
[2:16] Josh’s background and business
[3:36] The basics of the cryptocurrency market
[6:04] How cryptocurrency fits into property investment portfolios
[8:08] Using cryptocurrency to purchase property for a private practice
[12:00] Staking cryptocurrency and becoming your own lender
[14:33] Getting started in Bitcoin
[18:05] What cryptocurrencies invest in to increase their value
[21:00] How Josh got into cryptocurrency
[23:51] Investing with cryptocurrency
[26:18] Wealth building and taxation
[26:56] Josh’s first job
[27:34] What Josh would do for a living if he was not involved with cryptocurrency
[29:08] What Josh listens to for news, information, or inspiration
[30:34] What Josh does for self-care
[30:48] Whether leaders are born or trained
Links to resources:
Josh Rhodes
Crypto Y’All
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
On today’s podcast episode I interview Eric Tait, MD/MBA. He is an internal medicine physician that started investing in healthcare properties, in partnerships with his physician friends. Now, he operates an asset management firm that invests in a variety of commercial properties. In this interview, we hear his thoughts on how he approaches evaluating healthcare real estate investments.
In this episode, we talk about…
[2:24] Dr. Tait’s background in real estate investment
[3:56] What attracted Dr. Tait to healthcare real estate
[6:43] Developing partnerships with other real estate investors
[7:57] Lessons learned: Going after bigger projects versus smaller projects
[9:34] The decision to start Vernonville Asset Management
[10:53] Real estate management as a practicing physician
[15:07] Understanding healthcare real estate investments as a physician
[20:03] Investing in real estate as a physician in private practice
[22:37] Dr. Tait’s first job
[23:17] What Dr. Tait would want to do for a living if he wasn’t in healthcare real estate investment
[23:39] What Dr. Tait is reading for news, information, or inspiration
[24:45] What Dr. Tait does for self-care
[25:33] Whether leaders are born or trained
[25:56] Whether the desire to heal is born or trained
Links to resources:
Eric Tait, MD, MBA
Internal Medicine Physician
Vernonville Asset Management
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Welcome to the 100th episode of this podcast. Today’s interview is with Dave Foster, The 1031 Investor. He shares how this investment tool can defer capital gains taxes indefinitely by investing strategically using a step up in basis and designing your exit strategy. He stresses that by using this investment strategy for income property investments, you never have to worry about the capital gains tax rate as you are always deferring your tax liability and creating more jobs as a result.
In this episode, we talk about…
[2:08] 1031 exchanges for investment properties
[3:13] Reverse 1031 exchanges
[5:32] The cost of doing a 1031 exchange
[6:14] 1031 exchange restrictions
[9:33] Exit strategy for real estate investors
[18:18] An example of a reverse conversion
[19:25] Moving from commercial real estate to rental properties
[21:07] Capital gains tax rates
[24:47] Dave’s first job
[25:34] What Dave would be doing if he wasn’t working in the 1031 industry
[26:19] What Dave reads for news, information, or inspiration
[27:03] What Dave does for self-care
[28:36] Whether leaders are born or trained
Links to resources:
Dave Foster
The 1031 Investor
www.the1031investor.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Jaime Northam, Vice President of Healthcare Development at Ryan Companies. Jaime shares how she is seeing healthcare systems designed with the future and adaptability in mind, with regard to their spaces. She discusses trends she is seeing in healthcare development, to include focusing on the continuum of care, centers of excellence, integrating telehealth, and an increase in concentration of behavioral health.
In this episode, we talk about…
[2:16] Jaime’s background in commercial real estate
[4:26] What attracted Jaime to focus on healthcare real estate
[8:01] The transition from a publicly traded REIT to a developer
[9:55] Strategy for the next 3-5 years at Ryan Companies
[15:39] Healthcare real estate renovation and expansion
[18:43] The impact of the COVID-19 pandemic on healthcare development
[24:59] Jaime’s first job
[25:56] What Jaime would be doing for a living if she did not work in healthcare real estate
[26:36] What Jaime is reading and listening to for news, information, and inspiration
[28:22] What Jaime does for self-care
[29:18] Whether leaders are born or trained
Links to resources:
Jaime Northam
Vice President of Healthcare Development
Ryan Companies US, Inc.
https://www.ryancompanies.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is David Denniston, CFA with Centurion Financial Strategies. David’s wealth management firm advises a lot of physicians, and many happen to be in the first 20 years of their career. My takeaway from this interview is that real estate, especially healthcare real estate with its long-term leases and tenants who are not able to work remotely, is an investment to consider.
In this episode, we talk about…
[2:29] David’s professional path to investment management and helping physicians build wealth
[5:26] Focusing on physicians in the first 20 years of their careers
[7:12] What David is advising his clients to invest in during this uncertain financial climate
[12:52] Whether physicians coming out of residency and fellowship should purchase a personal residence
[16:08] When to move into private practice as a physician
[17:48] When to purchase a property for private practice rather than renting
[19:27] Working with a team to make investment decisions
[21:05] David’s outlook on the 1031 exchange
[24:29] David’s first job
[25:17] What David would be doing for a living if he wasn’t in wealth management
[31:46] What David is reading for news, information, or inspiration
[33:06] What David does for self-care
[33:37] Whether leaders are born or trained
Links to resources:
David Denniston, CFA
Centurion Financial Strategies, LLC
Podcast: The Freedom Formula for Physicians
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode of the Providers, Properties and Performance podcast is my interview on the Healthcare Leadership Podcast with host Jennifer Thompson, where I discuss the benefits for physician owners to invest in the real estate where they practice. We talk about best practices that allow physicians to own healthcare real estate while continuing to practice to their license.
In this episode, we talk about…
[2:10] How a clinician can own medical facilities and practice medicine at the same time
[5:53] My advice for a physician who is looking to go into real estate
[8:48] Trends in healthcare real estate since the COVID-19 pandemic
[14:19] Healthcare real estate in retail locations
[17:08] The first things to think about when deciding to own real estate versus renting
[20:46] How physicians can set themselves up for real estate success from day one
[23:10] Offloading healthcare real estate
Links to resources:
Healthcare Leadership Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Anthony Yeung, MD. He is a retired spine surgeon who developed the Yeung Endoscopic Spine System. Dr. Yeung has lectured internationally and is currently writing a book regarding this procedure. His private practice, Desert Institute for Spine Care (DISC), is now run by his son and other partners. He opened one of the first ambulatory surgery centers in Arizona. In this episode, we talk about…
[2:10] Dr. Yeung’s career path
[4:06] The decision to go to medical school
[4:48] The decision to go into spine surgery
[7:03] Developing the Yeung Endoscopic Spine System
[11:18] Dr. Yeung’s private practice, Desert Institute for Spine Care (DISC)
[17:21] Choosing a location for his private practice
[18:46] Growing the private practice to several locations
[20:14] What Dr. Yeung would be doing if he was not a physician
[23:30] What Dr. Yeung listens to for news, information, or inspiration
[25:04] What Dr. Yeung does for self-care
[26:43] Whether the desire to heal is innate or taught through medical training
Links to resources:
Anthony T. Yeung, MD
Desert Institute for Spine Care
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Daniel Lieberman, MD. He is the medical director of Phoenix Spine and Joint, a multidisciplinary spine and orthopedic surgery practice with three surgery centers located throughout the Phoenix area (with a fourth one on the way). Dr. Lieberman shares how he started and grew his practice, and how he serves his patients with minimally invasive procedures.
In this episode, we talk about…
[2:11] The background of Phoenix Spine and Joint
[3:49] What drew Dr. Lieberman to neurosurgery
[4:33] Dr. Lieberman’s decision to open his own private practice
[5:34] Growing a patient-centric medical practice
[7:57] Creating a patient experience that sets the practice apart
[12:25] The process of opening a surgery center
[16:49] Dr. Lieberman’s first job
[17:46] What Dr. Lieberman would do if he was not in the medical field
[18:48] Dr. Lieberman’s YouTube channel
[22:57] What Dr. Lieberman reads for news, information, or inspiration
[24:39] What Dr. Lieberman does for self-care
[26:13] Whether people are born with an innate desire to heal others
Links to resources:
Daniel Lieberman, MD
Medical Director
Phoenix Spine & Joint
TikTok
YouTube
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Alfonzo Leon, Chief Investment Officer at Global Medical REIT. Global Medical REIT is a publicly traded real estate investment trust trading under the symbol GMRE, with a current market cap of over $1 billion. We discuss Global Medical REIT’s history, Alfonzo’s background in the industry, and the assets that Global Medical REIT focuses on in the market.
In this episode, we talk about…
[2:34] The background of Global Medical REIT
[3:26] Alfonzo’s background and how he came to focus on the healthcare real estate asset class
[8:24] Where Global Medical REIT looks for investments and developments geographically
[9:48] What a good opportunity looks like for Global Medical REIT
[14:03] An interesting transaction story
[15:44] How the pandemic has impacted Global Medical REIT’s approach
[18:18] Alfonzo’s outlook for healthcare real estate
[20:30] Alfonzo’s first job
[20:58] What Alfonzo would be doing for a living if he was not working in healthcare real estate
[21:51] What Alfonzo is reading or listening to for news, information, or inspiration
[22:45] What Alfonzo does for daily self-care
[22:59] Whether leaders are born or trained
Links to resources:
Alfonzo Leon
Chief Investment Officer
Global Medical REIT
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode of the Providers, Properties and Performance podcast is my interview on the Women Investing Network podcast with host Sharon Lechter. We discuss the healthcare real estate industry asset class and its value to investors and physicians.
In this episode, we talk about…
[2:25] How I got started and specialized in healthcare real estate
[4:43] The current healthcare real estate market
[8:29] Advice for people who want to get into real estate investment
[12:40] The future of Doc Properties
[14:18] The importance of working with real estate experts when investing
Links to resources:
Sharon Lechter
Women Investing Network Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Today’s episode of the Providers, Properties and Performance podcast is my interview on the Grow Money Business podcast with host Grant Bledsoe (my guest on Episode 90). Grant is a certified financial planner helping business owners with wealth building strategies. Many of his clients are physicians, and we discuss the economic benefits of physicians owning the real estate where they operate their practice.
In this episode, we talk about…
[3:46] My business and background
[7:42] Tenant improvements and out-of-pocket costs
[9:55] What to think about when getting into physician ownership
[11:21] Physician ownership as a wealth-building tool
[16:53] Commercial property asset prices
[21:04] Parameters we need to keep in mind when filling out lease terms
[27:10] Considerations when thinking about building versus buying property
[34:04] The spectrum of real estate financing options
[34:56] Tax advantages with physician ownership
[39:13] Addressing obstacles for physician ownership
[42:56] Where physician owners can get into trouble
[47:07] The benefits of hiring real estate experts
Links to resources:
Grant Bledsoe
Certified Financial Planner
Three Oaks Wealth
Podcast: Grow Money Business
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is W. Todd Jensen, Executive Vice President of Investments at CADDIS Healthcare Real Estate. CADDIS acquires and develops healthcare properties, primarily in the smile states. It started out and remains a physician-owned company, and Todd shares the CADDIS background as well as where its focus is moving forward.
In this episode, we talk about…
[2:10] The background of CADDIS Healthcare Real Estate
[3:37] Todd’s background and his interest in the healthcare real estate asset class
[6:00] Where CADDIS focuses investments and developments
[8:16] Offering physician ownership in properties
[8:56] Interesting acquisitions for CADDIS
[11:40] Pursuing healthcare real estate opportunities during the COVID-19 pandemic
[13:57] Todd’s outlook for healthcare real estate over the next three to five years
[16:16] The effects of materials pricing and the supply chain on development
[18:25] Todd’s first job
[19:43] What Todd would be doing for a living if he was not working in healthcare real estate
[20:06] What Todd is watching for news and information
[20:41] What Todd does for self-care
[21:14] Whether leaders are born or trained
[25:14] Investing in a medical office building fund
Links to resources:
- Todd Jensen
Executive Vice President, Investments
CADDIS Healthcare Real Estate
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Grant Bledsoe, Certified Financial Planner with Three Oaks Wealth. His company works with a lot of physicians and business owners. He advocates for physician ownership in the properties where they practice for long-term financial benefits, increased equity, and tax advantages.
In this episode, we talk about…
[3:10] Grant’s background and the history of Three Oaks Wealth
[5:44] Financial planning for physician ownership
[9:08] The tax benefits of physician ownership
[11:34] The benefits of physician ownership for business operation
[14:40] Reduction in ordinary income
[17:41] Long-term benefits of physician ownership
[23:14] Grant’s first job
[23:38] What Grant would do for a living if he was not a financial planner
[24:08] What Grant is reading for news, information, and inspiration
[26:22] What Grant does for daily self-care
[27:11] Whether leaders are born or trained
Links to resources:
Grant Bledsoe
Certified Financial Planner
Three Oaks Wealth
Podcast: Grow Money Business
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode of the Providers, Properties and Performance podcast features a few minutes from the most listened to episodes of 2021 with a variety of industry experts. You will hear from a two-part interview with John Gorman of Nightingale Partners on investing healthcare properties in opportunity zones, another two-part episode with Robin Farmanfarmaian on the new healthcare economy, and from Dr. Leif Dahleen, a former anesthesiologist that promotes passive investing in real estate.
This episode features…
[1:21] Episode 37: Healthcare Investments in Opportunity Zones (Part 1) with John Gorman
[7:18] Episode 38: Healthcare Investments in Opportunity Zones (Part 2) with John Gorman
[12:49] Episode 44: Innovative Technologies and the New Healthcare Economy (Part 1) with Robin Farmanfarmaian
[18:58] Episode 45: Innovative Technologies and the New Healthcare Economy (Part 2) with Robin Farmanfarmaian
[25:03] Episode 75: Passive Real Estate Investing Leads Anesthesiologist to FIRE with Leif Dahleen, MD
Links to resources:
John Gorman: Nightingale Partners
Robin Farmanfarmaian: Robin Farmanfarmaian
Dr. Leif Dahleen: Physician on FIRE
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode of the Providers, Properties and Performance podcast features a few minutes from the most listened to investor episodes of 2021. You will hear from Patrick Wathen, a two part episode with the Senior VP of Equity, Ben Ochs, CEO of Anchor Health Properties, Ann Duginske Cibulka, Director of Real Estate Development, Healthcare at Ryan Companies and David Moises, Director of Investments at Flagler Healthcare Investments. Thank you for joining me for today’s episode.
This episode features…
[1:16] Episode 47: Constantly Learning to Add More Value with Physicians with Patrick Wathen, Senior VP of Equity
[6:56] Episode 39: Cultivating Innovation to Develop, Manage and Invest in Healthcare Properties (Part 1) with Ben Ochs
[12:59] Episode 40: Cultivating Innovation to Develop, Manage and Invest in Healthcare Properties (Part 2) with Ben Ochs
[19:13] Episode 36: Offering Healthcare a One Stop Shop for Strategy to Construction with Ann Duginske Cibulka
[25:15] Episode 64: Analyzing Health Outcomes to Drive Geographic Focus with David Moises
Links to resources:
Patrick Wathen: Equity | LinkedIn
Ben Ochs: Anchor Health Properties | LinkedIn
Ann Duginske Cibulka: Ryan Companies | LinkedIn
David Moises: Flagler Healthcare Investments | LinkedIn
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode of the Providers, Properties and Performance podcast features a few minutes from the most listened to clinician interviews of 2021. You will hear from Aric Burke, CEO of Atlas Healthcare Partners, Dr. Rassa Abdoll of the Center for Pediatric Dentistry, Dr. Jonathan Johnson of Comprehensive Wound Care Services and Capital Aesthetic and Laser Center and the two-part episode with Dr. Alejandro Badia from Badia Hand to Shoulder Center, The Surgery Center at Doral and OrthoNOW Immediate Orthopedic Care Center.
This episode features…
[1:25] Episode 51: Lowering the Cost of Care for Hospitals, Patients, and Offering Investment Opportunities to Physicians, with Aric Burke
[8:57] Episode 43: A Dentist’s Journey Through Healthcare Real Estate Ownership, with Dr. Rassa Abdoll
[15:47] Episode 46: The Story of an Entrepreneur, Wound Care Clinician and Property Owner, with Dr. Jonathan Johnson
[23:27] Episode 41: A Clinician’s Perspective on Healthcare (Part 1), with Dr. Alejandro Badia
[30:16] Episode 42: A Clinician’s Perspective on Healthcare (Part 2), with Dr. Alejandro Badia
Links to resources:
Aric Burke: Atlas Healthcare Partners | LinkedIn | Book
Dr. Rassa Abdoll: Center for Pediatric Dentistry | LinkedIn
Dr. Jonathan Johnson: Comprehensive Wound Care Services | Capital Aesthetic and Laser Center | LinkedIn
Dr. Alejandro Badia: Badia Hand to Shoulder Center | The Surgery Center at Doral | OrthoNOW | LinkedIn | Book
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Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode of the Providers, Properties and Performance podcast is an interview where Galen Nuttall interviewed me on his Clean Bill of Wealth podcast. On Galen’s Clean Bill of Wealth podcast, he interviews physicians and professionals about financial health. As a certified financial planner, he helps physicians make financial decisions to help grow their wealth. We discussed the benefits of, and differences between, active and passive ownership in healthcare real estate.
In this episode, we talk about…
[1:34] How I support physician owners and investors
[5:09] The stage when physicians tend to look at investing in healthcare real estate
[10:40] The stage when physicians can benefit from support to invest in healthcare real estate
[12:54] Ongoing management after acquiring a property
[18:55] The decision to invest in multiple properties
[21:57] Income properties and taxes
[24:06] Ongoing revenue and profit from healthcare real estate
[27:58] Investment options
[34:14] The tradeoff between training to become a physician and learning about investment
Links to resources:
Galen Nuttall
www.gnuttall.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Dr. Vu Kiet Tran, an emergency room physician who now also consults with, advises, and mentors other physicians on personal financial health and investments to help them grow their wealth. They discuss the differences in healthcare systems between Canada and the United States, his entrepreneurial path, as well as his medical career.
In this episode, we talk about…
[3:17] Being in geriatric medicine during the COVID-19 pandemic
[5:00] Differences in the healthcare systems between Canada and the United States
[12:38] Physician ownership in Canada
[15:09] Vu Kiet’s entrepreneurial path
[25:46] Advising physicians on real estate investment as part of their financial plans
[29:19] Vu Kiet’s first job
[29:59] What Vu Kiet would be doing for a living if he was not a physician
[30:53] What Vu Kiet is reading for news, information, or inspiration
[34:02] Vu Kiet’s healthy self-care
[35:39] Vu Kiet’s thoughts on whether or not a person is born with the desire to heal
Links to resources:
Vu Kiet Tran, M.D., MHSc, MBA, CHE, ICD.D.
Physician, Consultant, Mentor
www.financialhealthdoc.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode of the Providers, Properties and Performance podcast is an interview where Brent Lacey interviewed me on his The Scope of Practice podcast. Brent’s The Scope of Practice business aims to educate his fellow physicians on financial health and in this interview we discuss the economic benefits of physician ownership of the place where a clinician practices as well as physicians becoming real estate investors. Brent is also a practicing physician at Texas Digestive Disease Consultants.
In this episode, we talk about…
[2:19] How I got into healthcare real estate
[6:15] The time it takes to be a physician owner while also practicing medicine
[9:47] The money involved with buying versus leasing healthcare real estate
[13:42] The capital side of healthcare real estate investment
[15:55] Choosing to buy an existing space or build your own space
[18:55] How to pick the right location for your healthcare real estate
[21:52] Factors to consider on a five, ten, and twenty year timeline
[24:37] The upside to being a physician owner
[26:26] Taking advantage of a high internal rate of return
[28:51] The timing of healthcare real estate investment
[32:32] Structuring legal ownership of real estate
[34:48] Working with a healthcare real estate advisor
Links to resources:
Brent Lacey
www.thescopeofpractice.com
The Scope of Practice Podcast
www.thescopeofpractice.com/the-scope-of-practice-podcast/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is James Winchester, Principal and Lead Financial Strategist with CMAC Partners. CMAC exclusively works with physicians that want to own the real estate where they practice. The company began with sourcing financing for physician owners, and they now also develop ownership structures that allow clinicians to own different amounts in different sites and that allow for change in ownership throughout the life cycle of clinicians’ careers.
In this episode, we talk about…
[2:41] The background of CMAC Partners
[5:38] Ownership structures in real estate
[7:01] Partnerships in real estate
[9:36] Flexible ownership structures that can change over the course of a career
[13:52] The legal side of flexible real estate ownership
[15:46] How physician groups get connected with CMAC Partners
[16:40] Where CMAC Partners works geographically
[17:02] Working with large physician groups
[20:38] Allowing physicians to own property and continue to practice medicine
[26:50] James’s first job as a mechanical engineer
[28:20] What James would be doing for a living if he was not in real estate
[29:01] What James is reading and listening to for news, information, and inspiration
[30:04] What James does for daily self care
[31:42] Whether leaders are born or trained
Links to resources:
James Winchester, Principal and Lead Financial Strategist
CMAC Partners
www.cmacpartners.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Kevin Jones, Managing Director and Real Estate Practice Leader at ZRG Partners. He focuses on recruiting for the healthcare real estate sector. Our discussion centers around the role technology plays in decision-making within the healthcare real estate industry, and combining that with the traditional “boots on the ground” way of doing business in commercial real estate.
In this episode, we talk about…
[2:12] The background of ZRG Partners
[4:00] Kevin’s professional background
[5:49] How technology is changing commercial real estate
[11:43] Balancing technology with building relationships
[15:33] Recruiting for the healthcare real estate industry
[19:05] Kevin’s first job
[21:09] What Kevin would be doing for a living if he was not working in healthcare real estate
[22:12] Where Kevin gets news and information
[23:38] What Kevin does for self-care
[24:43] Whether leaders are born or trained
Links to resources:
Kevin Jones, Managing Director and Real Estate Practice Leader
ZRG Partners
www.zrgpartners.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week Trisha is sharing an interview she did on the Real Estate Investing for Cash Flow podcast by Kevin Bupp. They discussed healthcare real estate, why it is attractive, and what investors need to know before entering into the asset class. In addition, they touch on sale leasebacks, some pandemic effects, and a general overview of the industry.
In this episode, we talk about…
[2:01] Trisha’s background and how she got her start in the healthcare real estate industry
[5:15] The impact of the COVID-19 pandemic on the healthcare real estate market
[8:20] Pricing adjustments related to the pandemic
[11:22] Sale leaseback strategies
[14:39] Going after value-add healthcare projects
[17:30] Converting retail or office assets into healthcare properties
[21:10] Common mistakes in healthcare property management
[23:46] Reflecting on a challenging deal
Links to resources:
Kevin Bupp
https://www.kevinbupp.com/
Real Estate Investing for Cash Flow Podcast
https://www.kevinbupp.com/podcast/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Aiman Shehabi, a private real estate investor who recently worked on a deal with Trisha as a first-time commercial real estate investor. Aiman had purchased the property in 2004 at a high occupancy rate, experienced the 2008-2009 economic downturn, and then held the property during a light rail construction project right in front of the property.
In this episode, we talk about…
[2:14] An overview of Aiman’s real estate investments
[3:28] The decision to invest in a medical office building
[4:42] The impact of the light rail construction project
[9:02] Whether Aiman would invest in another medical office building in the future
[9:59] Aiman’s first job in medical staffing
[10:26] What Aiman would be doing if he did not invest in real estate
[10:59] What Aiman reads and listens to for news and information
[12:08] What Aiman does daily for self-care
[12:36] Whether leaders are born or trained
Links to resources:
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
I’m announcing the official launch of Doc Properties, a healthcare real estate investment firm!
Doc Properties helps healthcare practices and medical property investors:
- Maximize the economic benefit of owning healthcare properties
- Position medical properties for cash flow
- Improve underperforming properties
- Maximize returns when selling
By helping healthcare practices on the financial side of owning the real estate where they operate, and providing strategies for managing occupancy costs, Doc Properties enables practices to better focus on providing quality care.
Links to resources:
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Jay Heald, Vice President, Business Development and Managing Broker with MedProperties Group. MedProperties Group delivered beautifully designed, functional, and high-quality medical office buildings to the market. Jay shares how they are developing according to trends and demands, as well as their flexibility to offer physician ownership for those practices interested in building equity.
In this episode, we talk about…
[2:36] The story behind MedProperties Group
[4:38] How Jay started his career in healthcare real estate
[5:41] MedProperties Group’s geographic focus
[7:57] Physician ownership
[9:08] One of Jay’s interesting transaction stories
[11:13] Accommodating what tenants are looking for
[12:01] Focusing on medical office buildings
[12:54] How the COVID-19 pandemic has affected MedProperties Group
[16:11] Jay’s outlook on healthcare in the next three to five years
[19:58] Construction costs and economies of scale
[22:34] Jay’s first job
[23:55] What Jay would be doing for a living if he was not in the healthcare real estate industry
[24:46] What Jay is reading for news, information, and inspiration
[26:29] Jay’s daily self-care
[27:26] Whether leaders are born or trained
Links to resources:
Jay Heald, Vice President Business Development & Managing Broker
MedProperties Group
www.medpropertiesgroup.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Scott Burgess, as part of the healthcare innovator series. His practice focuses on helping ourselves stay healthy rather than use the healthcare system. I encourage you to listen to what he has to say and consider it without judgment or figuring out how you might be able to make dramatic lifestyle changes right away. In 30 days, perhaps you can listen again and see what speaks to you. Maybe try one new thing for a while, see how it works, and then listen again. If nothing speaks to you, the benefit of this medium is that you can simply turn it off.
I think we can all agree that change needs to occur in our expensive healthcare system in the U.S. that is not producing any better patient outcomes. Clinicians are burning out, and costs are becoming close to 20% of GDP and unsustainable. The answer to the question is not clear. We can listen to how some people are making changes and see if what they have to say speaks to us. This is part 2 of a 2-part episode with Scott.
In this episode, we talk about…
[2:49] Justification and reasoning behind health choices and decisions
[4:21] End of life care
[7:16] Your body is smarter than you
[9:41] Taking control of wellness
[19:06] Illness prevention
[24:05] How to connect with and learn more from Scott
Links to resources:
Scott Burgess
www.scotteburgess.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Scott Burgess, as part of the healthcare innovator series. His practice focuses on helping ourselves stay healthy rather than use the healthcare system. I encourage you to listen to what he has to say and consider it without judgment or figuring out how you might be able to make dramatic lifestyle changes right away. In 30 days, perhaps you can listen again and see what speaks to you. Maybe try one new thing for a while, see how it works, and then listen again. If nothing speaks to you, the benefit of this medium is that you can simply turn it off.
I think we can all agree that change needs to occur in our expensive healthcare system in the U.S. that is not producing any better patient outcomes. Clinicians are burning out, and costs are becoming close to 20% of GDP and unsustainable. The answer to the question is not clear. We can listen to how some people are making changes and see if what they have to say speaks to us. This is part 1 of a 2-part episode with Scott.
In this episode, we talk about…
[2:59] How Scott decided to start his business
[10:27] The need to incorporate wellness into the healthcare system
[11:54] Where wellness starts
[15:16] The first thing to do when you feel sick
[17:13] How Scott practices wellness every day
[20:30] The idea that nobody gets paid if we are healthy
[25:03] The impact of the microbiome
Links to resources:
Scott Burgess
www.scotteburgess.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Leif Dahleen, MD, a former anesthesiologist. We discuss physician burnout in general, as well as the complexity of practicing medicine that drove his mission to retire early and invest in real estate to lead him to financial independence. He teaches this FIRE concept to other physicians, and can be found at physiciansonfire.com.
In this episode, we talk about…
[1:58] FIRE: Financial Independence Retire Early
[4:55] Physician burnout
[7:08] Leif’s outlook for medicine in twenty years
[11:45] How Leif was able to retire from practicing medicine at age 43
[14:05] Physicians investing in real estate
[18:08] Interesting avenues in real estate investment
[20:38] Joint ventures with capital partners
[22:12] Leif’s experience with rental properties
[23:52] Whether Leif misses anesthesiology
[24:30] Leif’s first job
[24:52] Leif’s alternative career options
[25:44] What Leif is reading and watching for news, information, and inspiration
[26:42] What Leif does for healthy self-care
[27:33] Whether leaders are born or trained
[28:00] Whether the inclination for healing is born or learned
Links to resources:
Leif Dahleen, MD
www.physicianonfire.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Cory Fawcett, MD, a former surgeon and current real estate entrepreneur. We discuss a clinician’s journey through his real estate investment path, from physician owner to retired surgeon, to investing in other income-producing real estate assets, and now teaching other clinicians the same through his coaching. He has also published several books on this topic, and you can find those at financialsuccessmd.com .
In this episode, we talk about…
[2:17] Cory’s path to real estate investing
[4:06] The mission to prevent burnout among physicians
[12:17] Early retirement from the medical field
[15:15] Income-producing properties for physicians
[19:59] Optimal investment properties for physician owners
[24:07] Accessing joint ventures for capital
[25:25] Managing real estate for busy physicians
[31:32] Whether Cory misses surgery post-retirement
[32:31] Cory’s first jobs
[34:42] What Cory would want to do for a living other than medicine or real estate
[36:36] What Cory is reading for news, information, or inspiration
[37:49] What Cory does for healthy self-care
[39:11] Whether leaders are born or trained
[39:51] Whether the desire to heal is born or trained
Links to resources:
Cory S. Fawcett, MD
www.financialsuccessmd.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Todd Bryant, President and Managing Member of Healthcare Development Partners. Todd entered the healthcare real estate market in its infancy, and he is still delivering projects to the market. Based on the current real estate needs of various healthcare service lines to deliver care.
In this episode, we talk about…
[2:22] The history of Healthcare Development Partners
[2:52] The biggest changes Todd has seen in healthcare real estate
[3:59] How Todd decided to go into commercial real estate and the healthcare real estate space
[6:07] Collaboration between real estate and healthcare professionals
[8:21] Healthcare Development Partners’ guaranteed price program
[10:20] A success story for Healthcare Development Partners
[12:44] Where Healthcare Development Partners focuses its efforts geographically
[16:41] Programs for limited partnerships with physicians
[17:59] Excellence in behavioral health
[20:27] Following the market demand: COVID testing labs
[22:30] How the COVID-19 pandemic affected Todd’s approach to pursuing opportunities
[24:42] Todd’s outlook on healthcare in the next 12 to 18 months
[28:33] Todd’s first job
[29:22] What Todd would be doing if he wasn’t working in healthcare real estate
[29:51] What Todd is reading and listening to for news, information, and inspiration
[30:27] Todd’s healthy self-care
[30:49] Whether leaders are born or trained
In part 2 of this series, Trisha’s guests are Connie Boker (Director of Operations) and Jennifer Craig-Muller (Director of All of Us Research Program), of Banner Health Alzheimer’s Institute Imaging Program. A consistent message of this podcast is how healthcare real estate is a demand-driven and mission-critical component of delivering healthcare services, and today’s guests provide the perfect example.
In this episode, we talk about…
[2:17] Radiochemistry of PET scans
[5:22] The focus on early detection of Alzheimer’s Disease
[6:50] Philanthropic endeavors of Banner Health Alzheimer’s Institute
[11:05] Diversity in clinical trials
[12:38] Innovation in the field of Alzheimer’s research
[14:15] First jobs
[14:57] What Connie and Jennifer would be doing if they were not in the healthcare industry
[16:02] Sources of news, information, and inspiration
[18:05] Healthy self-care
[19:28] Whether leaders are born or trained
Links to resources:
Banner Health Alzheimer’s Institute Imaging Program: www.banneralz.org
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
For the next two weeks, we are going to feature healthcare innovators: Connie Boker (Director of Operations) and Jennifer Craig-Muller (Director of All of Us Research Program), of Banner Health Alzheimer’s Institute Imaging Program. A consistent message of this podcast is how healthcare real estate is a demand-driven and mission-critical component of delivering healthcare services, and today’s guests provide the perfect example.
In this episode, we talk about…
[2:25] The Banner Health Alzheimer’s Institute (BAI)
[7:31] An overview of BAI’s research studies and success stories
[15:23] Jennifer’s role as a director of research
[17:58] Connie’s role as director of operations
Links to resources:
Banner Health Alzheimer’s Institute Imaging Program: www.banneralz.org
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Brent Lacey, MD, who is a gastroenterologist with Texas Digestive Disease Consultants. Dr. Lacey also consults with other clinicians on their personal finances, especially when they are considering opening up a private practice, through his business The Scope of Practice.
In this episode, we talk about…
[2:11] What inspired Brent to become an entrepreneur
[5:03] How Brent supports other clinicians through The Scope of Practice
[8:02] Developing a business plan as a potential physician owner
[10:29] The first staff member a physician should hire to allow them to continue to practice
[14:11] How to approach deciding where to practice and selecting a space
[17:31] Buying a building to occupy versus leasing
[20:25] The hassle factor for physicians in different phases of their careers
[22:39] Investing in healthcare properties
[24:23] Brent’s decisions to become a physician and to specialize in gastroenterology
[25:55] Brent’s outlook: In 20 years, will more physicians be employed or in private practice?
[27:41] What Brent would change about healthcare to improve it
[29:41] Brent’s first job
[30:18] What Brent would be doing for a living if he was not a physician
[30:52] What Brent is reading and watching for news, information, and inspiration
[32:07] Brent’s healthy self-care
[32:44] Whether a person is born with the desire to heal or trained to desire to heal
Links to resources:
The Scope of Practice: www.thescopeofpractice.com
Texas Digestive Disease Consultants: www.tddctx.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week, we are switching it up! I am the guest, being interviewed by Dr. Kevin Christie (my guest on episode 65) for the Modern Chiropractic Marketing Podcast. Kevin educates other chiropractors on best marketing practices as well as business practices for owning and operating a chiropractic business. I come in on the real estate side, and we discuss owning versus leasing office space and the long-term benefits of both when it comes to running a practice.
In this episode, we talk about…
[1:20] My company, Doc Properties
[3:05] Physician investors and sale leasebacks
[10:35] Beginning the real estate investment process with the end in mind
[21:17] Managing and maintaining medical real estate to retain value
[26:32] Benefits of purchasing medical real estate
Links to resources:
Modern Chiropractic Marketing Podcast
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Mark Mullen, Senior Vice President of Development with Klingbeil Capital Management. Klingbeil typically owns, operates, and develops apartment complexes throughout the country. Mark shares their story of getting into the medical office asset class for a short period of time, starting with medical office condos and ending with a multi-tenant medical office building that sold a couple years ago.
In this episode, we talk about…
[2:07] The history of Klingbeil Capital Management
[4:27] What attracted the company to the medical asset class
[7:44] Facing the challenge of tenants wanting short-term leases
[9:14] Klingbeil’s future plans regarding medical office assets
[10:40] Mark’s words of wisdom for those considering stepping into the medical office asset class
[14:18] What Mark’s day-to-day is like at Klingbeil
[15:08] Mark’s first jobs
[16:16] What Mark would be doing if was not working in commercial real estate
[16:48] What Mark is reading and listening to for news, information, and inspiration
[18:12] Mark’s self-care activity
[18:30] Whether leaders are born or trained
Links to resources:
Klingbeil Capital Management, Ltd.: www.kcmapts.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Chase Westen, Chief Administrative Officer with Phoenix ER & Medical Hospital. This is a micro-hospital located in Chandler, Arizona, and he shares how he is able to maintain a five-minute or less wait time for patients. We also discuss how to triage patients to determine if they are in an emergency or non-emergency situation, and then guide them to where they can receive effective treatment. With the rising costs of healthcare, they are very transparent in their costs. This is a timely and interesting conversation, and I hope you enjoy it as well!
In this episode, we talk about…
[2:25] What a micro-hospital is and the background of Phoenix ER & Medical Hospital
[4:38] Understanding health insurance
[7:21] How to handle a busy micro-hospital and what to do during overflow situations
[11:37] Maintaining the five-minute or less wait time
[13:16] The patient triage process
[14:51] Thinking outside the box and hands-on leadership
[18:11] Pricing transparency
[20:09] How the location serves the micro-hospital
[22:11] Building the facility
[24:09] Chase’s outlook on healthcare policies and regulations supporting micro-hospitals
[28:09] Chase’s views on the future of micro-hospitals
[30:20] Chase’s first job
[31:05] What Chase would be doing for a living if he was not running a micro-hospital
[31:40] What Chase is reading for news and information
[32:59] What Chase does for self-care
[33:54] Whether leaders are born or trained
Links to resources:
Phoenix ER & Medical Hospital: www.phoenixerhospital.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Kevin Christie, DC, owner/chiropractor at Health-Fit Chiropractic & Sports Recovery. He takes us through the path of being an entrepreneurial clinician and how he started his private practice, purchased the real estate that he operates in, and continues to grow and expand as a business owner.
In this episode, we talk about…
[2:15] Kevin’s private practice
[4:01] Starting Health-Fit Chiropractic
[7:03] The choice to focus on sports recovery and soft tissue treatment
[9:28] Focusing on recovery and repair before pushing forward with athletic training
[10:49] Choosing practice locations
[12:33] How Kevin wants patients to feel when they come into the office
[14:04] The decision to purchase real estate rather than lease an office
[17:49] Kevin’s advice for fellow clinicians contemplating owning vs. leasing
[20:15] Balancing the management of the real estate with patient treatment
[21:59] Kevin’s first job(s)
[23:02] What Kevin would be doing if he was not a chiropractor
[23:26] What Kevin is reading and listening to for news, information, and inspiration
[24:54] What Kevin does every day for self-care
[25:28] Whether people are born with the desire to heal or learn it through medical training
[26:56] Whether leaders are born or trained
Links to resources:
Health-Fit Chiropractic & Sports Recovery: www.healthfitchiro.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is David Moises, Director of Investments with Flagler Healthcare Investments. He shares how Flagler uses a very data-driven approach to investing in healthcare. They analyze the health outcomes of a population and then focus on the real estate to support the healthcare industry in that location.
In this episode, we talk about…
[2:23] The background of Flagler Healthcare Investments
[3:08] Focusing on healthcare real estate assets
[4:24] Geographic locations and real estate investment
[7:02] How to identify opportunities for healthcare investments
[10:49] Physician ownership opportunities
[16:50] David’s outlook on healthcare real estate
[20:32] An interesting transaction story
[23:12] Inpatient, outpatient, and institutional settings
[28:19] David’s first job as a busboy
[31:48] What David reads for news and information
[33:13] Working out as a form of self-care
[33:52] Whether leaders are born or trained
Links to resources:
Flagler Healthcare Investments: www.flaglerinvestment.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the second in a two-part series that features Victor McConnell, Managing Director and Head of Real Estate Services with VMG Health. We discuss trends in the healthcare real estate industry and the healthcare industry.
In this episode, we talk about…
[2:01] The trend of private equity buying and consolidating healthcare practices
[5:47] Cap rate compression trends
[7:27] Victor’s outlook on healthcare real estate market trends
[8:44] The trend toward convenient access to healthcare
[12:35] Victor’s first jobs
[12:49] What Victor would be doing for a living if he was not working in the healthcare real estate industry
[13:15] What Victor is reading for inspiration and information
[13:49] What Victor does for self-care
[14:36] Whether leaders are born or trained
Links to resources:
VMG Health: https://www.vmghealth.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the first in a two-part series that features Victor McConnell, Managing Director and Head of Real Estate Services with VMG Health. We discuss evaluating healthcare properties and the importance of understanding the value of your real estate.
In this episode, we talk about…
[2:21] What VMG Health offers for the healthcare industry as well as real estate services
[3:36] How Victor got his start in healthcare real estate
[4:10] The importance of healthcare companies understanding the value and costs of their real estate investments
[6:33] How a hospital or health group can use their valuation to their benefit
[12:02] Quarterly analysis and updates
[14:05] The pandemic’s effect on healthcare real estate
[19:26] Telehealth opening the door for using the most expensive real estate for the highest acuity clinical use
[21:38] Working with capital and development partners
[25:14] Advising healthcare companies based on the value of their real estate
Links to resources:
VMG Health: https://www.vmghealth.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Josh Richmond, Founding Principal and President of Evergreen Medical Properties. We discuss how investing in healthcare properties is much more than just the numbers. The long-term investment success of healthcare real estate property involves the long-term success of the healthcare companies and clinicians that occupy the property, and meeting their needs so they can successfully treat their patients.
In this episode, we talk about…
[2:05] The story behind Evergreen Medical Properties
[5:20] How Josh started his career in healthcare real estate
[7:18] Targeted real estate investing and looking for numbers that make sense
[12:24] Josh’s ideal tenants
[13:52] Physician ownership
[15:28] Josh’s favorite transaction stories
[18:21] How the pandemic affected Josh’s approach in his business
[20:09] The business’ sweet spot with acquisitions
[21:18] Josh’s outlook on the future of healthcare real estate
[23:41] Josh’s first job working in his stepfather’s garage
[24:22] If he was not in healthcare real estate, Josh would do something related to geology and forestry
[25:25] What Josh reads and listens to for information and inspiration
[26:41] Meditation as a form of self-care
[28:22] Leaders rise in the right situations
Links to resources:
Evergreen Medical Properties: https://www.evergreenmedicalproperties.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Ryann Roberts, physical therapist and owner of Arizona Orthopedic Physical Therapy and Kids Place Pediatric Therapy. Ryann takes us on a journey from the start of his career to beginning in private practice and then becoming a physician owner of the real estate that he operates his eight sites out of.
In this episode, we talk about…
[2:44] How Ryann started his physical therapy career
[4:59] Ryann’s decision to go into private practice
[6:19] The full scope of services offered through Arizona Orthopedic Physical Therapy
[7:47] Kids Place Pediatric Therapy
[9:51] Deciding where to invest in practice locations
[12:22] Investing in practices versus leasing
[14:58] Ryann’s advice for someone who wants to get started in investing in several locations
[17:39] Balancing treating patients with managing real estate investments
[20:31] Ryann’s first job working for his parents in their printing shop
[22:52] What Ryann is reading and listening to for information and inspiration
[23:52] What Ryann does for self-care
[24:21] People are born with the desire to heal
[24:59] Leaders can be born or trained
Links to resources:
Arizona Orthopedic Physical Therapy: https://azopt.net
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the second in a two-part series that features David Lynn. He is the president and chief investment officer of Healthcare MOB REIT at White Oak Healthcare Finance. We discuss the resiliency of the healthcare real estate asset class that held its value through the pandemic, and we get to know more about David as well.
In this episode, we talk about…
[1:57] The pandemic’s effect on underwriting new properties
[2:29] What to look for in properties moving forward
[4:54] The roadmap for Healthcare MOB REIT over the next three to five years
[5:43] Supply and demand in the healthcare real estate market
[9:59] David’s thoughts on how the U.S. economy will recover post-pandemic
[12:34] David’s first job mowing lawns
[13:17] What David would be doing if he wasn’t in healthcare real estate
[14:31] What David reads for inspiration and information
[15:44] What David does for self-care
[17:58] Whether leaders are born or trained
Links to resources:
White Oak Healthcare Finance: https://www.whiteoaksf.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the first in a two-part series that features David Lynn. He is the president and chief investment officer of Healthcare MOB REIT at White Oak Healthcare Finance. We discuss how being a mission-critical, demand-driven asset class helped healthcare real estate retain its value through the pandemic and bodes well for long-term resiliency in the market.
In this episode, we talk about…
[2:18] White Oak Healthcare Finance and the Healthcare MOB Real Estate Investment Trust
[3:03] How David’s past career experience led him toward his focus on the healthcare real estate asset class
[6:34] The impact of critical and expanding medical services on real estate
[9:52] A comparison of the healthcare real estate market in the United States versus in Singapore
[10:28] Where White Oak Healthcare Finance focuses acquisition efforts
[12:08] Physician ownership
[13:39] Interesting transaction stories
[18:34] His company’s response to the COVID-19 pandemic
Links to resources:
White Oak Healthcare Finance: https://www.whiteoaksf.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Brian Howard, founder and president of Stage Equity Partners. His real estate investment company is headquartered in Chicago but invests in medical office buildings and healthcare real estate nationally. Brian shares the background of Stage Equity Partners and how he is able to respond to market conditions to make solid investment decisions.
In this episode, we talk about…
[2:09] The story behind Stage Equity Partners
[6:04] Where Brian concentrates his national investment efforts and why
[9:57] Flexibility to buy and sell in the current market
[10:43] Offering physicians ownership in his properties
[14:52] A memorable transaction story
[17:30] How the COVID-19 pandemic impacted Stage Equity Partners
[21:05] Brian’s roadmap for the next 3-5 years
[23:01] The outlook for healthcare real estate
[24:32] Brian’s first job as a dishwasher
[25:41] What Brian would be doing if he was not working in healthcare real estate
[26:18] Inspirational books he enjoys
[27:07] What Brian does for self-care
[28:42] Whether leaders are born or trained
Links to resources:
Stage Equity Partners: https://www.stageequity.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest this week is Tim Spooner, physical therapist and president/CEO of Spooner Physical Therapy and Proactive MSD. He started Spooner Physical Therapy over 30 years ago, and it has now grown to 22 locations to serve the needs of his patients. Along the way, where he has had to purchase or develop buildings, he has become a physician owner of real estate as a result. Tim has invested in his own sites and he is also a partner in multi-tenant medical buildings.
In this episode, we talk about…
[2:51] How Tim started Proactive MSD
[6:18] Why Tim was drawn to physical therapy
[7:08] Tim’s decision to go into private practice
[8:35] The first site of Spooner Physical Therapy
[9:04] The growth and expansion of Spooner Physical Therapy
[10:21] Investing in real estate for private practice and partnering with other physician owners
[12:36] The importance of surrounding yourself with a great team as a physician owner
[15:48] Tim’s first job in the Youth Conservation Corps
[16:22] If he was not a physical therapist, Tim would be a teacher
[17:08] What Tim is reading for information and inspiration
[19:07] The desire to heal combined with training needed to fulfill that passion
[21:13] Training for leadership
[25:34] Advice for physicians looking to invest in or grow their first private practice office
Links to resources:
Spooner Physical Therapy: https://www.spoonerpt.com
Proactive MSD: https://www.proactivemsd.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the second in a two-part series that features Gurpreet Padda, MD. He is a private practice physician out of St. Louis, Missouri, who runs Reversing Diabetes MD and Padda Institute Center for Interventional Pain Management. This week we dive into his real estate management, development, and investment company, Red Pill Kapital. We discuss how he started it, what he invests in, and his advocacy for providing passive real estate wealth-building strategies for private practice physicians.
In this episode, we talk about…
[1:39] The disappearance of private practice
[6:04] How Dr. Padda started Red Pill Kapital
[7:34] Evaluating capital growth on a project
[9:52] The decision about whether or not to syndicate investments
[14:09] Real estate lessons learned
[16:04] Being a passive participant versus an active investor in a real estate deal
[20:35] Previous jobs held by Dr. Padda
[23:55] Who Dr. Padda is reading or listening to right now for news, information, or inspiration
[26:38] What Dr. Padda does for self care
[27:31] Is a person born with a desire to heal, or is this learned only through their training?
[28:22] Are leaders born or trained?
Links to resources:
Reversing Diabetes MD: https://reversingdiabetes.com
Padda Institute Center for Interventional Pain Management: https://painmd.tv
Red Pill Kapital: https://redpillkapital.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the first in a two-part series that features Gurpreet Padda, MD. He is a private practice physician out of St. Louis, Missouri, who runs Reversing Diabetes MD and Padda Institute Center for Interventional Pain Management. Dr. Padda also runs Red Pill Kapital, which is a real estate investment development and management company. He is an advocate for educating private practice physicians on passive wealth strategies through owning real estate.
In this episode, we talk about…
[5:05] Getting into real estate as a teenager
[6:08] The desire to have a life outside of the hospital
[9:05] Characteristics that are more relevant than your education when it comes to owning a business
[10:30] The applicability of medical training to real estate
[11:09] How Dr. Padda decided on his medical specialty
[12:39] How capital flow impacts our health as well as the real estate market
[15:17] The importance of investing in real estate for your practice(s)
[16:31] How to decide where to purchase real estate for practice locations based on patient perspectives
[17:33] The effect of the pandemic on retail real estate
[21:28] Selling restaurants before the pandemic began
[24:14] Educating clinicians on creative passive cash flow and equity growth
[25:22] Why physicians tend to make financial decisions based on narcissism
Links to resources:
Reversing Diabetes MD: https://reversingdiabetes.com
Padda Institute Center for Interventional Pain Management: https://painmd.tv
Red Pill Kapital: https://redpillkapital.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
This week’s episode is the second in a two-part series that features previously-aired interviews with healthcare company owners, including physician owners, who built their own buildings. They share their lessons learned around building a practice as well as owning and operating their own real estate.
Listen in as we feature snippets from...
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[02:17] ...episode 41, where we hear from orthopedic surgeon Dr. Alejandro Badia of Badia Hand to Shoulder Center on a clinician’s perspective on healthcare.
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[09:11] ...episode 42, where Dr. Alejandro Badia continues his discussion on how insurance companies and government regulation are causing healthcare costs to skyrocket based on ideas from his book Healthcare From The Trenches.
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[15:15] ...episode 46, where we hear from wound care doctor Dr. Jonathan Johnson of Comprehensive Wound Care Services and Capital Aesthetic and Laser Center on his story as an entrepreneur, wound care clinician, and property owner of two private practices.
-
[23:09] ...episode 25, where we hear from chiropractor Dr. David Perrine of Perrine Chiropractic Health Center who discusses his vision for his private practice where he holistically diagnoses his patients to get to the root source of their symptoms to increase their health span, and how he is helping his patients listen to what their bodies are saying to them.
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[29:56] ...episode 26, where Dr. David Perrine continues his discussion on his vision for the future of healthcare where preventative and functional medicine providers work in partnership with specialists to provide better healthcare for patients and ideas for insurance companies to potentially lower the costs of healthcare.
Links to resources:
Alejandro Badia, MD, FACS: Badia Hand to Shoulder Center | LinkedIn
Jonathan Johnson, MD, MBA, CWSP: Comprehensive Wound Care Services | Capital Aesthetic and Laser Center | LinkedIn
David Perrine, DC: Perrine Chiropractic Health Center | LinkedIn
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
This week’s episode is the first in a two-part series that features previously-aired interviews with healthcare company owners, including physician owners, who built their own buildings. They share their lessons learned around building a practice as well as owning and operating their own real estate.
Listen in as we feature snippets from...
-
[01:50] ...episode 43, where we hear from pediatric dentist Dr. Rassa Abdoll on his journey as a dentist through healthcare real estate ownership.
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[11:26] ...episode 29, where we hear from cosmetic dentist and entrepreneur Dr. Nikki Green on providing financing and investing in dental healthcare.
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[20:56] ...episode 16, where we hear from Dr. Troy Anderson, a neurologist specializing in sleep medicine, on his path as a physician owner to advocating sleep health and hygiene.
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[30:05] ...episode 32, where we hear from Natalie Lamberton, CEO at Talas Harbor Healthcare, on acutely serving the behavioral health needs of mature adults.
Links to resources:
Rassa Abdoll, DMD: Center for Pediatric Dentistry | LinkedIn
Nikki Green, DDS: Fort Worth Cosmetic & Family Dentistry | LinkedIn
Troy Anderson, MD: Phoenix Neurology & Sleep Medicine | LinkedIn
Natalie Lamberton, CEO: Talas Harbor Healthcare | LinkedIn
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Aric Burke, CEO of Atlas Healthcare Partners. Atlas owns and operates ambulatory surgery centers together with Banner Health through its markets. We talk about the ASC’s role in the healthcare ecosystem as well as Atlas’s business model. Atlas not only offers a convenient location for its patients and a lower cost of care for both the hospital and the patient, but also allows the physicians a convenient way to perform cases and gives that same convenience to the entrepreneurial investors in terms of managing both operations and the real estate.
In this episode, we talk about…
- [02:30] Aric on Atlas’s background
- [04:06] A primer on Ambulatory Surgery Centers (ASCs)
- [11:08] The advantages of giving ownership of the centers to surgeons
- [12:27] Atlas’s growth strategy
- [13:22] Key ingredients of an attractive site for Atlas
- [14:56] How Atlas decides whether to build and develop their own properties
- [18:51] Managing input from physicians on the operation of ASCs
- [20:26] How ASCs got started
- [21:34] How Aric sees the growth of the ASC market in the next five-to-ten years
- [23:32] Aric’s first job
- [24:33] What Aric would be doing for a living if he were not a leader in healthcare
- [25:20] What Aric is reading right now for news, information, and inspiration
- [26:17] One thing that Aric does every day for healthy self-care
- [26:56] Are leaders born or trained?
Links to resources:
Aric Burke: Atlas Healthcare Partners | LinkedIn
Delivering Happiness (book)
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Top Listened to Industry Professionals Interviews from 2020
With the one-year anniversary of the PPP Podcast on the horizon, we’re bringing Season One to an end by sharing episodes featuring short clips from the most listened-to interviews of 2020.
A couple of weeks ago, we featured the top five episodes of 2020 with clinicians. Last week, we got to hear from our top five episodes of 2020 featuring healthcare real estate investors.
In this third and final part of our three-part compilation of interviews, we feature industry professionals who share advice on the healthcare industry, statistics of the healthcare economy, and entrepreneurism.
Listen in as we feature snippets from...
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[02:09] ...episode 2, where we hear from commercial real estate veteran Pete Bolton of Pete Bolton Company. He shares strategies on how to approach the great lockdown from an entrepreneurial perspective.
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[08:33] ...episode 5, where we hear from David Berg, Chairman and Co-Founder of Redirect Health. He shares how he created his company to allow small- and medium-sized businesses to provide affordable healthcare to their employees.
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[14:10] ...episode 3, where we once again hear from Pete Bolton of Pete Bolton Company. He discusses how his questioning, listening, and expanding communication programs can help physicians listen better to key words so that they can ask more specific questions when diagnosing patients. Pete explains how this is so important as telemedicine becomes more prolific in healthcare.
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[20:24] ...episode 33, where we hear from Vini Singh, Assistant Professor in Resource Economics at the University of Massachusetts Amherst. She shares economic statistics of our current healthcare system.
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[27:41] ...episode 34, where we once again hear from Vini Singh, Assistant Professor in Resource Economics at the University of Massachusetts Amherst. She shares her thoughts on how we might be able to improve efficiencies and costs.
Links to resources:
Pete Bolton: LinkedIn
David Berg: Redirect Health | LinkedIn
Vini Singh: Manasvini Singh
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
With the one-year anniversary of the Providers Properties and Performance Podcast on the horizon, our next three episodes will bring Season One to an end by featuring short clips from the most listened-to interviews of 2020.
Last week, we featured the top five episodes of 2020 with clinicians. In this second part of our three-part compilation of interviews, we feature healthcare real estate investors.
Tune in next week as we showcase the top five interviews in 2020 with professionals that offer advice on the healthcare industry, statistics of the healthcare economy, and entrepreneurism.
Listen in as we feature snippets from...
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[02:53] ...episode 20, where we hear from Ann Atkinson of Care Property Investors. After years leading acquisitions at one of the top healthcare real estate investment trusts, she shares how she started her own company and its philosophy and criteria for its healthcare property investments.
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[08:58] ...episode 27, where we hear from Ted Barr, co-founder of Woodside Health. He shares his perspective on the organic side of the healthcare real estate investment business that is the relationships developed with the people performing the transactions and, ultimately, the tenants themselves in a property.
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[15:05] ...episode 13, where we hear from Chris Cumella of Cypress West Partners. Chris is another investor that likes to focus on developing relationships with the parties in the transaction and can get financially creative depending on the type of transaction he is pursuing. He can also be the voice of reason and glue that puts together a transaction with various physician owners and investments in a physician-owned property.
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[21:15] ...episode 19, where we hear from John Pollock, CEO at Meridian, which specializes in healthcare real estate developments and is creative with offering ownership structures to physicians. Meridian’s depth and breadth of experience offers redevelopment and development of healthcare properties that enhance healthcare brands.
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[27:02] ...episode 10, where we hear from Vance Marshall, President at VJ Properties. He shares his stories of a joint venture redevelopment with various physician owners in a property, as well as selling land to a hospital to develop a hospital campus.
Links to resources:
Ann Atkinson: Care Property Investors | LinkedIn
Ted Barr: Woodside Health | LinkedIn
Chris Cumella: Cypress West Partners | LinkedIn
John Pollock: Meridian | LinkedIn
Vance Marshall: VJ Properties | LinkedIn
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
With the one-year anniversary of the Providers Properties and Performance Podcast on the horizon, our next three episodes will bring Season One to an end by featuring short clips from the most listened-to interviews of 2020.
In this episode, we feature clinicians who share their stories as entrepreneurs in private practice and healers in their healthcare specialty. They speak of their experience in owning or leasing their office space, using it either as a financial tool, as a strategic tool to help them access their patients, or both.
Tune in next week as we showcase the top five interviews with healthcare real estate investors from 2020.
Listen in as we feature snippets from...
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[02:44] ...episode 21, where we hear from Dr. John Shufeldt, a serial private practice healthcare entrepreneur and founder of MeMD, a virtual medical and behavioral health company. He shares his vision for the future of healthcare discussing how artificial intelligence and using blockchain technology for electronic medical records are the next steps in innovating care delivery.
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[09:58] ...episode 7, where we hear from Kip Edwards, the former VP of Facilities Services at Banner Health and now Principal Healthcare Consultant at Luster National. He shares how the largest healthcare provider in Arizona increased its footprint of hospitals, medical office buildings, and urgent care centers in order to meet the demands of its growth.
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[16:05] ...episode 8, where we hear from Tom Long, owner of Above & Beyond Physical Therapy. He shares his story as a clinician and an entrepreneur and his pandemic experience as both.
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[22:28] ...episode 12, where we hear from Dr. Miriam Levering, Nurse Practitioner at Healing House, which offers family practices services on a monthly subscription or fee-per-service basis. They also offer Eastern therapies to integrate with their Western therapies, into which Dr. Levering does a deep dive in this conversation.
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[28:44] ...episode 4, where we hear from Dr. Cheri Dersam of Integrative Medicine of Arizona. She offers integrative and functional medical healthcare services in order to understand and treat why our bodies are not feeling well in addition to diagnosing and healing what is
Links to resources:
Dr. John Shufeldt: MeMD | LinkedIn
Kip Edwards: Banner Health | LinkedIn
Tom Long: Above & Beyond Physical Therapy | LinkedIn
Dr. Miriam Levering: Healing House
Dr. Cheri Dersam: Integrative Medicine of Arizona | LinkedIn
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
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Trisha’s guest today is Patrick Wathen, Senior VP at Equity, a full-service commercial real estate firm headquartered in Columbus, Ohio with various offices nationwide and transacting in even more markets. We learn about how Equity got started, its path into the healthcare real estate asset class, and some of the philosophy behind Patrick’s leadership style.
In this episode, we talk about…
- [02:20] Equity’s background and its path into the healthcare real estate asset class
- [04:40] The difference in investing in healthcare real estate vs other asset classes
- [07:27] Working with tenants who are private practice physicians
- [12:33] How Equity operates with its multi-office setup
- [15:58] What Equity looks for in a healthcare property to invest in
- [18:33] Working with Trisha and why Patrick had been looking for a site in Arizona
- [24:59] How the pandemic has impacted Equity’s vision for the next five years
- [29:54] Patrick’s first job
- [32:25] What Patrick would be doing for a living if he were not in the healthcare real estate industry
- [35:16] What Patrick is reading right now for news, information, and inspiration
- [37:38] One thing that Patrick does every day for healthy self-care
- [39:20] Are leaders born or trained?
Links to resources:
Patrick Wathen: Equity | LinkedIn
The Better Angels of Our Nature (book)
Doing Business by the Good Book (book)
The Pioneers (book)
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
The Story of an Entrepreneur, Wound Care Clinician and Property Owner with Jonathan Johnson, MD
Trisha’s guest today is Dr. Jonathan Johnson, a private practice physician based out of Washington, D.C. He is a wound care doctor who owns and operates two private practices: Comprehensive Wound Care Services and Capital Aesthetic and Laser Center. We walk through his journey from medical school to private practice and why he owns the property where he operates his practices out of—in the Foggy Bottom area of Washington, D.C. He shares with us the changes he has made to his practice to adapt to his patients’ needs, as well as a strategy to grow in the future, based on where healthcare is heading. Finally, we discuss the value he places on educating others on wound care to achieve the best outcome!
In this episode, we talk about…
- [03:07] Dr. Johnson on his two Washington-based private practices
- [05:29] What it’s like to practice in eleven different states
- [07:24] Why Dr. Johnson provides educational resources for patients and clinicians
- [08:53] The importance of continuity and communication in wound care
- [10:25] Why Dr. Johnson got into wound care and, later, aesthetics
- [12:35] How healing a wound can literally change a patient’s life
- [14:58] How Dr. Johnson combines medicine and smart technology
- [17:23] When Dr. Johnson decided to get into private practice
- [20:09] How important it was for Dr. Johnson to own his real estate
- [21:25] Handling the property management side
- [22:18] Lessons learned about purchasing and managing your own property
- [23:56] The three types of patients Dr. Johnson sees
- [26:36] Dr. Johnson’s first job
- [30:32] What Dr. Johnson would be doing for a living if he were not a physician
- [31:40] What Dr. Johnson is reading right now for news, information, and inspiration
- [33:19] One thing that Dr. Johnson does every day for healthy self-care
- [34:18] Is a person born with a desire to heal or is it learned through healthcare training?
Links to resources:
Dr. Jonathan Johnson: Comprehensive Wound Care Services | Capital Aesthetic and Laser Center | LinkedIn
Teladoc
Oscar
INROADS
Blinkist (app)
The Intellectual Devotional (book)
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha continues her conversation with Robin Farmanfarmaian, a keynote public speaker and an entrepreneur that has invested in several healthcare technology startup companies. Last week, we touched on cutting-edge technologies in the medical office space that are and will change healthcare delivery and care. This week, we focus on how private practice physicians can use different marketing methods and become a thought leader in their field to use for lead generation and awareness in the new healthcare economy. Robin shares with us examples of how physicians can set themselves apart as healthcare consumerism increases.
In this episode, we talk about…
- [03:44] How smarter consumers will shape the new healthcare economy
- [07:29] The value of being a thought leader in building a brand for private practice physicians in the new healthcare economy
- [10:17] Why medical practices and doctors need to spend on advertising and marketing today
- [12:21] How specialists can create multiple revenue streams
- [15:42] Why the sky's the limit when it comes to building a brand in the new healthcare economy
- [17:45] How one anesthesiologist is making more money from his side project, online courses, than he is from his actual practice
- [20:23] The vital importance of knowing your customer avatar
- [21:57] Robin’s first job
- [22:28] What Robin would be doing if she were not in the startup space
- [23:02] What Robin is reading or listening to right now for news, information, and inspiration
- [24:15] What Robin does every day for healthy self-care
- [25:31] Are leaders born or trained?
- [26:14] Robin’s ideal audience member for a keynote
Links to resources:
Robin Farmanfarmaian: Robin Farmanfarmaian | LinkedIn
The Thought Leader Formula (book by Robin Farmanfarmaian)
The Patient as CEO (book by Robin Farmanfarmaian)
Deep Medicine (book)
Why We Sleep (book)
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Robin Farmanfarmaian, a keynote public speaker and entrepreneur that has invested in several healthcare technology startup companies. Through her own personal health journey and work with cutting-edge technologies, she sees innovations coming to the medical office space that are and will change healthcare delivery and care. She is a professional coach and has written several books, the most recent on becoming a thought leader. Next week, we discuss how private practice physicians can use different marketing techniques to compete in the new healthcare economy.
In this episode, we talk about…
- [02:36] Robin describes her multifaceted career
- [02:57] What started Robin on the path to exploring how technology can help clinicians provide more efficient or effective treatments for patients?
- [05:14] Examples of technology-based healthcare delivery innovations already in the marketplace or are coming into the marketplace in the near future
- [08:10] The future of telemedicine in a post-COVID world
- [10:30] The advantages and benefits of virtual therapy
- [12:51] Developments that will cause practices to adopt new technologies
- [15:52] Will doctors be incentivized to personally invest in new technologies to capture a patient base before these technologies are covered by insurance?
- [17:44] Will these innovations result in lower costs for patients as well as physicians being paid fairly for their services?
- [20:57] Developing preventative practices based on huge sample sizes of information gathered on a platform that collects more accurate data from patients
Links to resources:
Robin Farmanfarmaian: Robin Farmanfarmaian | LinkedIn
https://www.viz.ai/
https://www.tytocare.com/professionals/
https://try.talkspace.com/
https://braincheck.com/
https://omronhealthcare.com/
https://www.bio-beat.com/
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Dr. Rassa Abdoll, a pediatric dentist, who discusses his practice, the Center for Pediatric Dentistry located in Gilbert, Arizona. He shares his path to pediatric dentistry and his philosophy on care. Dr. Abdoll shares with us how he finally opened a new practice in his current building that he owned for several years prior. He strategically located his practice near where he lives, realizing the financial benefits of ownership. He also explains how he delegates the day-to-day ownership tasks to a professional property management company.
In this episode, we talk about…
- [02:42] Dr. Abdoll describes his practice and his clientele
- [04:20] Why Dr. Abdoll chose the space that he did to build his own practice
- [06:03] How Dr. Abdoll chose his specialty
- [07:33] Why a child should receive dental care growing up
- [08:43] Services that Dr. Abdoll offers
- [10:23] Dr. Abdoll’s approach to putting kids and parents at ease at the office
- [12:40] The latest dental technologies Dr. Abdoll is using
- [17:27] Delegating the day-to-day property-related tasks
- [18:51] Lessons Dr. Abdoll learned from owning his own real estate
- [20:56] Dr. Abdoll’s first job
- [21:20] What Dr. Abdoll would be doing for a living if he were not a pediatric dentist
- [21:42] What Dr. Abdoll is reading right now for news, information, and inspiration
- [22:29] One thing that Dr. Abdoll does every day for healthy self-care
- [23:09] Is a person born with a desire to heal or is it learned through healthcare training?
Links to resources:
Dr. Rassa Abdoll: Center for Pediatric Dentistry | LinkedIn
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Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha continues her conversation with Dr. Alejandro Badia, an orthopedic surgeon focusing on hand and upper extremities based out of Miami, Florida. He operates Badia Hand to Shoulder Center, The Surgery Center at Doral, and the immediate orthopedic care center OrthoNOW. During the pandemic, he published his book Healthcare from The Trenches: An Insider Account of the Complex Barriers of U.S. Healthcare from the Providers and Patients' Perspective. His goal is to generate awareness and educate people on how insurance companies and government regulation are causing healthcare costs to skyrocket and how it affects the clinician’s ability to provide care.
In this episode, we talk about…
- [02:51] The cost savings that can be achieved by going directly to a specialist
- [07:00] Dr. Badia’s call-to-action for clinicians and real estate experts
- [11:14] How retired physicians can add to the conversation
- [15:15] How clinicians should ally support for significant changes after COVID-19?
- [18:00] If no change happens, what will our healthcare system look like in five years?
- [19:18] What was Dr. Badia’s first job?
- [20:06] What would Dr. Badia do for a living if he was not an orthopedic surgeon?
- [21:15] What is Dr. Badia consuming right now for news, information, and inspiration?
- [23:04] What is one thing Dr. Badia does every day for healthy self-care?
- [24:15] Is a person born with a desire to heal or is it developed through medical training?
- [25:17] What makes Dr. Badia unique as a hand surgeon?
- [27:09] Dr. Badia’s closing thoughts
Links to resources:
Dr. Alejandro Badia: Badia Hand to Shoulder Center | LinkedIn
OrthoNOW
The Surgery Center at Doral
Healthcare from The Trenches (book)
Healthcare from the Trenches (Facebook group)
Where Does it Hurt? (book)
Being Mortal (book)
HealthDrum.com
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Dr. Alejandro Badia, an orthopedic surgeon focusing on hand and upper extremities based out of Miami, Florida. He operates Badia Hand to Shoulder Center, The Surgery Center at Doral, and the immediate orthopedic care center OrthoNOW. During the pandemic, he published his book Healthcare from The Trenches: An Insider Account of the Complex Barriers of U.S. Healthcare from the Providers and Patients' Perspective. His goal is to generate awareness and educate people on how insurance companies and government regulation are causing healthcare costs to skyrocket and how it affects the clinician’s ability to provide care.
In this episode, we talk about…
- [03:02] Dr. Badia’s background in private practice and time spent working in hospitals
- [04:48] The increasing complexity of the U.S. healthcare system
- [07:35] Why Dr. Badia pursued orthopedic surgery and specifically his subspeciality
- [09:27] The inspiration behind Healthcare from The Trenches
- [12:33] The root cause of today’s healthcare crisis
- [15:24] How to move the needle toward free market healthcare
- [18:24] Why specialists need to be given more authority in the healthcare process
- [20:49] What high-quality and cost-effective healthcare looks like
- [24:02] How COVID-19 may actually lead to more efficiency in hospitals in the future
Links to resources:
Dr. Alejandro Badia: Badia Hand to Shoulder Center | LinkedIn
OrthoNOW
The Surgery Center at Doral
Healthcare From The Trenches (book)
Experts in Pink (book)
The Case for Free Market Healthcare (book)
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha continues her conversation with Ben Ochs, CEO of Anchor Health Properties, a national, full-service development and management company devoted exclusively to the development of medical facilities. Last week, Ben provided the background of the company and the story behind a couple of recent projects and what Anchor Health looks for in an opportunity. This week, Ben discusses how Anchor addressed the pandemic’s effects on its tenants, how healthcare companies are designing future spaces with flexibility in mind, and how practices can use their healthcare real estate to elevate their brands and become patient-centric.
In this episode, we talk about…
- [02:14] Where Ben sees Anchor Health in the next three to five years
- [04:22] How the pandemic has affected the company and lessons learned from it
- [10:59] How the pandemic will impact the future of healthcare real estate
- [12:57] The new trend of facilities shifting from a “clinical” to an “experiential” setting
- [16:18] Ben’s first job
- [18:49] What Ben would do for a living outside the healthcare real estate industry
- [21:08] What Ben is reading or listening to for news, information, or inspiration
- [23:32] One thing Ben does every day for healthy self-care
- [24:32] Are leaders born or are they trained?
Links to resources:
Ben Ochs: Anchor Health Properties | LinkedIn
Inc. (magazine)
Fortune (magazine)
Architectural Digest (magazine)
Shoe Dog (book)
The Ride of a Lifetime (book)
The Hard Thing about Hard Things (book)
What You Do is Who You Are (book)
The Journal. (podcast)
Masters in Business (podcast)
Live Inspired (podcast)
Against the Rules (podcast)
Health Care Real Estate Advisor – Hall Render (podcast)
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Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Ben Ochs, CEO of Anchor Health Properties, a national, full-service development and management company devoted exclusively to the development of medical facilities. Listen in as Ben provides the background of the company and the story behind a couple of recent projects and what Anchor Health looks for in an opportunity.
In this episode, we talk about…
- [02:17] Ben’s professional background and role at Anchor Health Properties
- [08:47] Anchor’s approach to capital investment
- [10:49] Why Ben felt that healthcare real estate is his calling
- [14:42] How Anchor aims to help healthcare companies serve more patients better
- [17:27] Anchor’s collaboration with Metro Health to build a behavioral health hospital
- [20:01] Anchor’s repurposing and renovation of the Roseville Clinic at UC Davis
- [22:24] What Anchor looks for in an opportunity
Links to resources:
Ben Ochs: Anchor Health Properties | LinkedIn
Good to Great (book)
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Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha continues her conversation with John Gorman, Founder and Chairman at Nightingale Partners LLC, the first Opportunity Zone fund to invest in social determinants of health interventions with health insurers, local governments, and provider organizations. Last week, John shared his background, which began with a career in Washington. During the Clinton administration, he focused on healthcare policy for the medically-underserved, and Medicare and Medicaid-managed programs. This week, John focuses on where he anticipates primary healthcare is heading and how his company is a solution to the crisis of medically underserved communities.
In this episode, we talk about…
- [02:28] Introducing pop-up clinics to address overcapacity at nursing homes
- [05:41] Getting ahead of the curve should another pandemic take place
- [07:12] Nightingale Partners’ shared savings business model
- [09:43] Offsetting diminishing savings through homelessness intervention
- [11:23] Thoughts on the virtuous cycle of economic development
- [13:32] John’s first job
- [14:22] What John’s alternate career would be
- [15:11] What John is consuming now for news, information, and inspiration
- [19:19] One thing John does every day for healthy self-care
- [20:12] Are leaders born or trained?
- [24:21] John’s perspective on the work environment of the future
Links to resources:
John Gorman, Founder and Chairman of Nightingale Partners | LinkedIn
The Orphan Master's Son (book)
Life of Pi (book & movie)
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Schedule a Sale-Leaseback Consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
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Email inquiries to: info@docproperties.com
Trisha’s guest today is John Gorman, Founder and Chairman at Nightingale Partners LLC, the first Opportunity Zone fund to invest in social determinants of health interventions with health insurers, local governments, and provider organizations. Over the next two episodes, John shares his background, beginning with a career in Washington. During the Clinton administration, he focused on healthcare policy for the medically-underserved, and medicare and medicaid-managed programs. He shares his experience providing healthcare services to the poor and how he is using the opportunity zone funding to put investors and payers together to provide healthcare to vulnerable populations.
In this episode, we talk about…
- [02:54] How to fund healthcare services for those who need them most
- [04:43] John’s background in the healthcare field
- [07:12] What inspired John to start Nightingale Partners?
- [10:51] Nightingale’s goal in funding opportunity zones
- [11:32] Addressing lack of physician availability in medically underserved areas
- [14:21] Social determinants of health
- [16:54] How the Biden administration will usher in a “golden age of health equity”
- [18:31] How the government aims to gain the trust of minorities
- [19:42] Other important pieces of legislations such as medicare and medicaid
- [22:45] The biggest thing government can do to assist underserved communities
- [24:30] How Nightingale Partners funds healthcare services for opportunity zones
Links to resources:
John Gorman: Chairman and Founder of Nightingale Partners | LinkedIn
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Schedule a Sale-Leaseback Consultation: https://docproperties.com/free-consultation-trisha-talbot/ About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Ann Duginske Cibulka, Director of Real Estate Development at Ryan Companies US. Ryan Companies is a family-owned business that started as a general contractor and has since become a developer that is involved in a variety of commercial real estate industries. Our episode today focuses on Ryan’s healthcare real estate services that offer large healthcare companies and hospitals a one-stop shop real estate partner to strategize, design, build, and manage a healthcare facility. Ann shares Ryan’s story and outlook on the healthcare real estate market.
In this episode, we talk about…
- [02:49] A brief history of Ryan Companies and its healthcare real estate services
- [04:32] What Ryan looks for in a healthcare property to partner with
- [07:30] Ryan’s competitive advantage
- [09:42] Working with a cross-functional team and outside A&E firms
- [11:15] Parts of the country where the healthcare real estate sector is seeing growth
- [12:39] Ryan’s approach to joint real estate ventures
- [14:34] Opportunities that Ryan offers after the development of a project
- [15:25] Ann’s experience at Ryan so far
- [16:17] Ryan’s goals for the next three-to-five years
- [19:59] Making real estate decisions based on your operational goal
- [22:06] Helping clients solve real estate-related problems arising from COVID-19
- [26:25] Ann’s promise to clients as a real estate advisor
- [29:02] Fun facts about Ann
Links to resources:
Ann Duginske Cibulka, MBA, Director of Real Estate Development:
Ryan Companies | LinkedIn
Wintering (book)
The Knowledge Project (Podcast)
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Schedule a Sale-Leaseback Consultation: h ttps://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Healthcare might be the most rapidly-shifting industry during the global pandemic. In order to keep up, healthcare real estate investors must stay adaptable. Trisha’s guest today is Dan Klein, Executive VP and CIO at Physicians Realty Trust (PRT), a REIT that focuses solely on healthcare real estate. Through effective coordination both within the company and with clients, PRT has been successful in building a portfolio of 200 properties!
In this episode, we talk about…
- Physicians Realty Trust’s (PRT) creation and journey
- How leadership decided to go down the healthcare real estate path
- Consumer preferences for healthcare locations during COVID
- Aspects that set PRT apart from its competition
- Criteria that PRT looks for in its investments
- The best ways to enter different markets
- Addressing ownership opportunities with physicians and other sellers
- The largest single monetization of healthcare real estate in REIT history
- Benefits of establishing a great company culture that is consistent with the company vision
- How COVID has affected the future of healthcare real estate investing
- Where healthcare policy and healthcare real estate meet and mix
- Getting to know Dan beyond real estate investing
- Raising children through a global pandemic
Links to resources:
Skin in the Game (book)
Masters in Business (podcast)
The Compound Show (podcast)
Dan Klein: Physicians Realty Trust | LinkedIn |
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Schedule a Sale-Leaseback Consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
The sheer level of complexity of the process of signing up for healthcare deters people from signing up. That’s absurd. Trisha is back for part 2 of her interview with Vini Singh, an assistant professor in the Department of Resource Economics at the University of Massachusetts Amherst. Today, Vini discusses the reasons the US has a hard time getting its citizens to accept universal healthcare. Vini also shares her ideas for fixing our healthcare system by simplifying it and improving the quality of healthcare while reducing the cost!
In this episode, we talk about…
- Understanding the complex process of signing up for healthcare
- When people are more willing to pay extra tax
- What the ACA has achieved compared to its goals
- Universal healthcare is different than single-payer healthcare
- The model that Vini supports the most
- Reasons that the US falls short on healthcare quality, despite high expenses
- Where US healthcare is headed on its current path
- Elaborating on the acceptance-of-risk-for-influence solution
- Getting to know Vini beyond her current profession
Links to resources:
Algorithms to Live By (book)
Led Fridman (podcast)
Vini Singh: Website
Contact Information:
Manasvini Singh, PhD
Assistant Professor Resource Economics
University of Massachusetts - Amherst
https://www.manasvinisingh.com/
Webinar Link: https://www.youtube.com/watch?v=4eG9ZviVgjM&ab_channel=SBSUMass
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Roughly 20% of US GDP is rooted in healthcare. Which is why it is such a topic of controversy. Trisha’s guest today is Vini Singh, an assistant professor in the Department of Resource Economics at the University of Massachusetts Amherst. In part 1 of the interview, Vini and Trisha discuss the current cost and quality of healthcare in the United States as compared to other developed countries. They also examine the current state of the ACA and how the US can improve the quality of care and reduce the costs of healthcare!
In this episode, we talk about…
- Current statistics of healthcare in the US
- Reasons that the quality of US healthcare is not better than countries that spend less
- Breaking down the concept of under-insurance
- The trickle-down effects of those that are under-insured
- Parts of the healthcare system that are working to reduce costs
- How the ACA operates and what impacts it makes
- The need for regulation in healthcare
Links to resources:
Vini Singh: Website
Contact Information:
Manasvini Singh, PhD
Assistant Professor Resource Economics
University of Massachusetts - Amherst
https://www.manasvinisingh.com/
Webinar Link: https://www.youtube.com/watch?v=4eG9ZviVgjM&ab_channel=SBSUMass
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About Trisha:
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Email inquiries to: info@docproperties.com
It’s no secret that one of our country’s most vulnerable population is our geriatric one, but that goes well beyond physical ailments. Mental health is both the most lacking and most needing of support health issue in the US today. Trisha’s guest today is Natalie Lamberton, the CEO of Talas Harbor, a medical psych facility that provides acute psychiatric care to geriatric populations. Talas Harbor brings together healthcare professionals from many different disciplines in order to meet the behavioral and physical healthcare needs of their patients!
In this episode, we talk about…
- What attracted Natalie to Talas Harbor
- The background story of Talas Harbor and how it started
- Practicing interdisciplinary healthcare to meet all the patients’ needs
- Different conditions that Talas Harbor treats in their patients
- What drove Talas Harbor to open a location in Bullhead City
- How the pandemic is affecting the mental health of all age groups
- Key factors that led Talas Harbor to open more facilities
- Insurance support for stays at Talas Harbor facilities
- What sets Talas Harbor apart from similar facilities
- Family contact during and after the stay of a loved one
- Get to know Natalie before she became the CEO of Talas Harbor
- Breaking down the complications with the American healthcare system
- Patients that Talas Harbor can help
Links to resources:
Harvard Review of Books on Managing Self and Managing Others
Wall Street Journal
Natalie Lamberton: Talas Harbor | LinkedIn
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It’s only a matter of time for those with mental health issues to start seeing the deterioration of their physical health. This is part 2 of Trisha’s interview with Dr. Kristin Struble from Camelback Pediatrics in Phoenix, Arizona. Right now, Camelback is getting ready for a real estate change that is coming down to the wire. While challenges of the move linger, Dr. Struble continues to work to solve the pandemic within the pandemic, that being the lack of help for children struggling with emotional and mental health issues!
In this episode, we talk about…
- The problem in evaluating the emotional health of children right now
- Putting more value on preventative medicine for insurance companies
- Challenges with moving locations in the middle of a pandemic
- Addressing the social distancing issues brought on by COVID
- Weighing the options that come with relocating your practice
- Encouraging signs for the upcoming flu season
- Getting to know Dr. Struble beyond the pediatric practice
- How COVID is going to shape society
- Diving into the great tips in Dr. Struble’s book, How To Be a Poop Detective
Links to resources:
Jesus Calling (book)
https://www.washingtonpost.com/lifestyle/2020/09/28/halloween-pandemic/
Dr. Kristin Struble: Camelback Pediatrics | Book
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a Sale Leaseback Consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Pediatricians are the first line of defense in the healthcare of children, and as we all know, children are the future. Trisha’s guest today is Dr. Kristin Struble from Camelback Pediatrics in Phoenix, Arizona. Camelback Pediatrics is the largest private pediatric practice in the Phoenix area. Dr. Struble holds a special interest in nutrition for children and you can find her nutritional insights in her book, How To Be a Poop Detective, in which she teaches children about the importance of the gut microbiome on their overall health!
In this episode, we talk about…
- Motivations behind choosing Pediatrics as a specialty
- Pediatrics is challenging but has the opportunity to be very rewarding
- Dr. Struble’s areas of interest within Pediatrics
- Starting points of treatment for children showing signs of GI discomfort
- Digging into the roots of food sensitivities
- Why Dr. Struble decided to write her book, How To Be a Poop Detective
- Building in a solid nutritional education when children are still young
- How the pandemic has affected the emotional growth of Dr. Struble’s patients
Links to resources:
Dr. Kristin Struble: Camelback Pediatrics | Book
Subscribe, rate and review: www.providerspropertiesandperformance.com
Schedule a Sale Leaseback Consultation: https://docproperties.com/free-consultation-trisha-talbot/
About Trisha:
WEBSITE: www.docproperties.com
LINKED IN: https://www.linkedin.com/in/trishatalbot/
Email inquiries to: info@docproperties.com
Trisha’s guest today is Dr. Nikki Green, the owner of Fort Worth Cosmetic and Family Dentistry in Fort Worth, Texas. Dr. Green is both a Cosmetic Dentist and Entrepreneur, as she recently purchased a property to which she will soon move her practice. Her practice focuses on providing the best treatment by using state-of-the-art technology. As a way to assist her patients in an industry where the insurance lags way behind, Dr. Green offers a membership program and financing options to help her patients as much as possible!
In this episode, we talk about…
- Building her practice from the ground up to where it is today
- Innovations that Dr. Green is using in her practice right now
- Breaking down the dental-membership program and online education content creation
- Financing options that Dr. Green finances out of her own pocket
- Where Dr. Green sees dental treatments going in the next 3-5 years
- Diving into the benefits of Dr. Green’s new office location
- Motivations behind buying her new property
- Getting to know Dr. Green beyond her dental practice
- What qualities leaders and healers are born with
Links to resources:
Strategic Coach
Gino Wickman (author)
Dr. Nikki Green: Fort Worth Cosmetic and Family Dentistry
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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Though healthcare institutions have been deemed necessary during the pandemic, their lifeblood, the patients, have been affected greatly. Trisha and Kathleen, Trisha’s business partner, are back with Ted Barr for part 2 of his interview. Ted is the Cofounder of Woodside Health based in Cleveland, Ohio. In this part of the interview, Ted discusses how he has worked with his tenants during the global pandemic that has seen the world shut down!
In this episode, we talk about…
- Many doctors want to own their building but don’t want to manage it
- How Ted would describe himself as an investor
- Providing assistance to tenants that have been affected by the pandemic
- Practices that have been implemented to keep people safe
- Predicting the impact of the pandemic on the future of healthcare
- Getting to know Ted behind his investment practice
- Daily practices for healthy self-care
- Activities that help children develop their brains for the future
- Different kinds of leadership and where they come from
Links to resources:
5 Little Monkeys Jumping on the Bed (children’s book)
Crucial Conversations (book)
Leaders Eat Last (book)
Wall Street Journal (newspaper)
Bloomberg (newspaper)
The Queen’s Gambit (Netflix)
Ted Barr: Woodside Health
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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Risk is part of real estate investing, but how much risk an investor is willing to take on is completely up to them. Kathleen Morgan, Trisha’s business partner, joins the show as a co-host for today’s episode. Trisha and Kathleen’s guest today is Ted Barr, Cofounder of Woodside Health based in Cleveland, Ohio. Woodside Health owns over 40 properties that span across 4 states. What sets Woodside apart from its competition is its willingness to invest in properties that have hair on them!
In this episode, we talk about…
- Business goals of Ted and his partners for Woodside Health
- Why Woodside Health only focuses on the healthcare asset class
- What sets Woodside apart as an investor in healthcare real estate
- Factors that make Ted decide to sell some of his assets
- Characteristics that Ted looks for in a real estate property
- Deciding on what part of the country his time is best spent
- Understanding that this is a relationship business
- What led Ted to the Phoenix market and what keeps him there
- Anticipated growth throughout the “smile states”
- Considering partnerships with physicians within the property
- Recent stories that involve taking physicians on as investment partners
Links to resources:
Ted Barr: Woodside Health
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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Healthcare in general is going to evolve post-pandemic, but where is it going? Trisha is back again for part 2 of her interview with Dr. David Perrine, Owner of Perrine Chiropractic Health Center. Dr. Perrine owns the real estate where he operates his private practice in Phoenix. Today, he’s here to talk about the future of healthcare and where functional medicine fits in!
In this episode, we talk about…
- Dr. Perrine’s involvement in the CrossFit gym at his church
- Workouts do more for people than just give them abs
- COVID has presented an opportunity for people to live healthier lifestyles
- Where healthcare is headed after COVID
- When small lifestyle changes can make lifelong differences
- Getting to know a little bit about Dr. Perrine’s life
- One thing Dr. Perrine does every day for healthy self-care
- Telemedicine’s role in the future of healthcare
Links to resources:
Brian Johnson
Atomic Habits
The Obstacle Is the Way
Dr. David Perrine: Perrine Chiropractic Health Center | Book | Blog
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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Health is a never-ending process that lasts a lifetime, so it’s time to educate yourself. Trisha’s guest today is Dr. David Perrine, Owner of the Perrine Chiropractic Health Center. Patients come to him with physical ailments all the time but have been told they have no physical problem. Dr. Perrine helps these patients listen to their bodies and finds a holistic approach to treating their symptoms!
In this episode, we talk about…
- First-time patients that come with no physical diagnosis
- Holistic model vs. Reductionalistic model
- Digging down and looking at the root of the problem
- 3 things that you have to do for your body
- What inspired Dr. Perrine to put out so much educational content
- Comparing a healthspan vs. a lifespan
- Switching careers from the corporate food industry to healthcare
- Choosing to start a private practice instead of joining a large company
- How Dr. Perrine chose the location for his property
Links to resources:
Dr. David Perrine: Perrine Chiropractic Health Center | Book | Blog
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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When someone walks into a room with a beautiful, healthy smile, the entire room tends to light up. Trisha’s guest today is Dr. Steven Davidowitz, otherwise known as Dr. D, from Luxury Dentistry NYC. Dr. D is passionate about improving the lives of his patients by enhancing their smile and educating them about the benefits of effective oral care. With an unquenchable thirst for knowledge, Dr. D is on a constant journey of growth as both a dentist and an entrepreneur!
In this episode, we talk about…
- What inspired Dr. D to open up Luxury Dentistry NYC
- Sharing stories of changing patients’ lives by changing their inner confidence
- Breaking out of the box that dentists are trained in
- State-of-the-art treatments that Luxury NYC offers right now
- Why Dr. D chose his location on the upper east side of Manhattan
- Developing a strategy for a location in Manhattan as compared to a suburb
- Providing a unique luxury service to people from far out-of-town
- A special case that lasted over a year that Dr. D recently finished
- The correlation between oral health and overall systemic health
- Dr. D found a love for dental health when he was a young child
- Dr. D finds inspiration in staying out of the news
Links to resources:
Dr. Steven Davidowitz, Luxury Dentistry NYC
Schedule a free consultation with Trisha: docproperties.com/free-consultation-trisha-talbot
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Ben Reinberg, CEO of Alliance Consolidated Group of Companies, is back for part 2 of his interview with us this week.
In this episode, we continue our conversation on how Alliance continues to innovate in the field of healthcare real estate and what part technology has played in their success.
In this episode, we talk about…
- The beginning of Ben’s commercial real estate career started with a boom
- Resilience and persistence are necessary to find success in this business
- Alliance thinks outside the box by investing on the fringes of healthcare
- Looking into the future for Ben and Alliance
Links to resources:
Sam Zell
Sheldon Good
Ben Reinberg, Founder and CEO of Alliance Consolidated Group of Companies
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There was a time before healthcare real estate was seen as a good investment when the risk was seen as great and only the resilient dared venture into this space. Trisha’s guest today is Ben Reinberg, the Founder, and CEO of Alliance Consolidated Group of Companies. ACGC began purchasing medical properties during a time when it was seen as a risk because of the fact that no one knew where healthcare was going. What started as success in one sector of healthcare grew to a plethora of sectors, going to show that success breeds success!
In this episode, we talk about…
- ACGC was established in 1995, beginning to acquire commercial real estate shortly after
- The first healthcare real estate purchase that got ACGP into healthcare real estate
- How ACGC looks at their approach has brought on a lot of success
- The build-a-suit model is what got ACGC to where it is today
- It’s all about adding value and helping the situation when ACGC decides to get involved
- Factors that play a role when choosing locations for real estate purchases
- Competing in California with high taxes and low cap rates
- 10-15 years ago, foreign capital started to make an impact in the US
- Playing just under the space of institutions
- Breaking down what a good healthcare market looks like
- How ACGC calculates and mitigates risk when bringing in new clients
- Problems that Ben sees with investing in this industry
Links to resources:
Ben Reinberg, Founder and CEO of Alliance Consolidated Group of Companies
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Healthcare delivery has historically been very inefficient, but industry leaders are currently working to fix that. Trisha’s guest today is Dr. John Shufeldt, Founder of MeMD, a web-based virtual medical care provider that looks to make healthcare a more time and cost-efficient process for the patient. Before he founded MeMD, Dr. John founded a built NextCare, a nation-wide urgent-care-center company that worked with every sector of the healthcare industry in a customer-centric model. In the future, Dr. John hopes to pull the rest of healthcare in a direction that always puts the patient first!
In this episode, we talk about…
- John saw the need for more cost-efficient healthcare years ago
- After creating NextCare, there was still something missing
- How virtual healthcare and brick-and-mortar healthcare support each other
- Factors from the ER that inspired John to start NextCare
- NextCare had to pitch to just about every sector of healthcare
- Searching for the most efficient location for the patients
- We need a more efficient behavioral healthcare model
- AI can be used to make patient experiences much more efficient
- Healthcare is very inefficient with time and money due to a lack of data
- Dr. John’s medical motivation started at a young age
- How a patient can start using MeMD today
Links to resources:
Stillness Is The Key
Ego Is The Enemy
Tribe of Mentors
Rage
Sapiens
Brief History of Time
Principles
Dr. John Shufeldt, Founder and CEO of MeMD
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In an industry that shifts and pivots as often as healthcare, those in the industry must always be looking towards the future in their quest to meet demand. Trisha’s guest today is Ann Atkinson, Founder and CEO of Care Property Investors. Ann has mediated over $16B in medical office property transactions throughout her career. She founded Care with the goal of acquiring and operating healthcare facilities that utilize data-driven analytics to accommodate the future of healthcare trends!
In this episode, we talk about…
- Ann has been inspired by her past teams to start Care Property Investors
- Care acts as a partner to its tenants, but not everyone is always on board
- As a privately-owned company, Care acquisition criteria is unique
- Aging demographics and population act as trend drivers in the healthcare industry
- Where the future of healthcare lies after a global pandemic
- Acquisitions don’t always go smoothly; there is usually a gap in details
- Care is aiming to be at the top of the healthcare real estate investment game
- Content is available in such a wide variety via audible sources
Links to resources:
Care Property Investors
Ann Atkinson on LinkedIn
Care Property Investors on LinkedIn
A Second Opinion Podcast
Team Never Quit Podcast
Ben Greenfield Fitness Podcast
The Nightingale
Lights Out
The Ride of a Lifetime
Above the Line
Atlas Shrugged
Where the Crawdads Sing
Dr. David Berg Podcast
Ann Atkinson, Founder and CEO of Care Property Investors
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If healthcare real estate was easy, everybody would do it, but that doesn’t mean we can’t try to make it as simple as possible. Trisha’s guest today is John Pollock, CEO of Meridian, a full-service investor and developer in the healthcare real estate industry. John’s team redevelops outpatient properties that improve branding and outpatient access to care while also building from the ground up. It’s John and Meridian’s ultimate goal to simplify development in order to enhance healthcare brands!
In this episode, we talk about…
- History of Meridian and how it got to where it is today
- The 2008 recession forced Meridian to get intimate with their customers
- Meridian focuses on outpatient care as an investor and developer
- John’s team works to make their clients’ lives easier
- Key ingredients that Meridian looks for in properties that it pursues
- Solutions that Meridian provides to simplify development
- Meridian’s newest project in Phoenix and why it was attractive
- Architectural hoops that Meridian needed to jump through in the Phoenix project
- Level of importance assigned to the distance of hospitals
- Join-ventures are definitely on the table for Meridian
- How Meridian has responded to the challenges presented by COVID
- The future of healthcare because of the pandemic
- Meridian is very busy with new projects right now
Links to resources:
Atlas Shrugged
John Pollock, CEO of Meridian
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No one enjoys sitting through a renovation, but boy, do those blueprints make things exciting! In Part 2 of Trisha’s interview with James Turpen, CEO of Centum Health Properties, Trisha and James discuss Centum’s recent $5M renovation of a medical office building. James shares all about the process, different challenges that they faced, and Centum’s ability to service those in the healthcare industry. Renovating a building with existing tenants sure makes things interesting, but Centum found a way to make it a success!
In this episode, we talk about…
- Working on-campus vs. working off-campus
- Getting into joint-ventures with the providers that want ownership
- The vision behind the renovation of the Edwards building
- Existing tenants were excited about the potential of the renovation
- Bringing in new tenants by making things more modernized
- Future healthcare real estate opportunities in a global pandemic
- Adaptations in healthcare real estate during COVID
- Rapid-fire questions with James Turpen
- Ideal properties that Centum Health looks to acquire
Links to resources:
White Fragility
James Turpen, CEO of Centum Health Properties
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Now more than ever, business leaders need to be innovative in how to move into an uncertain future, but some leaders have been doing that for years. Trisha’s guest today is the CEO of Centum Health Properties, James Turpen. Back in 2009, James stopped guessing what the market was going to do and started preparing himself for what could happen. Centum has been able to streamline the design and construction processes while also managing the properties in a vertically integrated system!
In this episode, we talk about…
- James founded Centum Health Properties as a vertically integrated company
- Creating sustainability in a time when the ground seems to be shifting constantly
- How Centum got its start as a property management and construction company
- Acquiring assets with smaller partners
- Vertical management keeps things organized and operating costs low
- There are significant differences and similarities between Colorado and Arizona
- What drew Centum to the most recent purchase in Arizona
- The goal for a basic program with a tenant
- How current tenants have been reacting to new designs
Links to resources:
James Turpen, CEO of Centum Health Properties
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A doctor’s mission should be patient-focused; it’s as simple as that! Trisha’s guest today is Dr. Troy Anderson, a neurologist who specializes in sleep medicine. Troy’s practice, Phoenix Neurology and Sleep Medicine, now has 5 locations in the Phoenix area. When he began his business, he sought out real estate that would allow him to best serve his patients, and grew to the point where he invests in his own real estate.
In this episode, we talk about…
- Dr. Troy’s unique journey that led him to sleep medicine
- The categories of patients that seek out help with their sleep
- How COVID has affected the field of sleep medicine
- Importance of routine and lifestyle habits when treating sleep disorders
- Innovations in the treatments to treat sleep disorders
- Stressors and motivators that drive Dr. Troy to improve in his practice
- Deciding where to purchase real estate based off of where the needs are
Links to resources:
Rick Warren
Fox News
Wall Street Journal
Dr. Troy Anderson, Phoenix Neurology and Sleep Medicine
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Patient care, rather than profit, should always come first in the healthcare field. This is part 2 of Trisha’s conversation with Nick Stavros, CEO of Community Medical Services. Nick and his company are on the frontline of the battle against the opioid crisis. As the CEO, Nick has been tasked with the responsibility of making sure his company is successful in its fight while simultaneously keeping a growth mindset!
In this episode, we talk about…
- Choosing the best locations to open up clinics
- Opening up the country’s first 24-hour treatment clinic
- Many people who need help have never been diagnosed with an addiction
- Profitability will be a result of patient-care focus
- Nick’s first job showed him the path that he should choose
- Compassion fatigue is about as real as it gets
- One of the most significant things CMS does as an agency
Links to resources:
nick.stavros@cmsgiveshope.com
Nick Stavros, CEO of Community Medical Services
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At this very moment, America is going through one of the worst drug crises in its history. Trisha’s guest today is Nick Stavros, CEO of Community Medical Services, a company that educates society about America’s opioid crisis and works to treat those affected with care and compassion. Many people spend their entire lives trying to learn the coping skills to deal with trauma, and drugs provide that instant gratification that they are looking for. The root cause of addiction lies much deeper than over-prescription, and digging down to those causes might be the only way to get out!
In this episode, we talk about…
- Nick’s journey through the Army and into the healthcare field
- Breaking down Opioid Abuse Disorder and the root causes
- The biggest misconception about addiction in general
- How COVID-19 is affecting the current substance abuse problem
- Drug problems are only magnified when you look in the prisons
- Looking 5 years down the road for Community Medical Services
- Substance abuse aspects that keep healthcare professionals up at night
Links to resources:
Nick Stavros, CEO of Community Medical Services
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Investing in a commercial property while not running your own operations stands in the face of what commercial real estate investors are trying to accomplish. Trisha’s guest today is Chris Cumella of Cypress West Partners, a private real estate investment company that focuses solely on healthcare real estate. Chris spent years in the apartment real estate business before he was exposed to healthcare, which was one of the only sectors to do well during the financial crisis of 2008. That’s when he and his partner started to focus on healthcare real estate and eventually started their own business!
In this episode, we talk about…
- Healthcare real estate has staying power in the demographics
- This sector is definitely not for the faint of heart
- Starting Cypress West Partners with institutions and private individuals
- Investment criteria in California compared to other places
- Gravitating closer to the main healthcare campuses
- Real estate for healthcare has become more purpose-built by necessity
- Buying a building with a tenant that is going to move in
- Looking into the future for Cypress West Partners
Links to resources:
Chris Cumella, Cypress West Partners
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Doctors do what they do because they love patient care and are passionate about helping others. This pandemic doesn’t change that. Trisha’s guest today is Dr. Miriam Levering, a Family Nurse Practitioner from The Healing House in Scottsdale, Arizona. At The Healing House, patients are able to benefit from both western and holistic healing practices. Miriam hopes to provide a one-stop-shop for her patients to receive all available treatments in order to live a comfortable and healthy lifestyle!
In this episode, we talk about…
- Battling the ongoing pandemic while keeping patients safe
- Looking at the whole system from both eastern and western medicine
- Try holistic healing before turning to drugs
- The positive unattended consequences of the current global pandemic
- Recommendations to stay healthy on the road and at home
- How a membership model can give you the coverage that you need
- Daily habits to stay healthy and avoid the poison
Links to resources:
Book an appointment online or via telephone!
Dr. Miriam Levering, The Healing House
480-463-4685
Healing House in Scottsdale Facebook
Miriam's Facebook
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The entire landscape of healthcare has had to completely change in the face of COVID-19. Healthcare facilities have had to adjust their practices to stay available to their patients, with many adopting teledentistry. The field of dentistry is no exception to these new trends. Trisha’s guest today is Beth Vander Schaaf, DDS. Beth works at the Smile Arizona Dentistry where she aims to support the community by providing dental care for the whole family!
In this episode, we talk about…
- People tend to neglect their dental care until something hurts
- The first thing that Beth sees when patients don’t regularly visit the dentist
- Changes in dental technology in the last decade
- Training parents how to take care of their children’s teeth
- Owning commercial real-estate vs. renting commercial real-estate as a dentist
- Where dentistry and medicine as a whole are headed in the next decade
- Make sure you do these things every year
- Practices for daily healthy self-care
Links to resources:
Beth Vander Schaaf, DDS, Smile Arizona Dentistry
Call to schedule an appointment: 480-994-5225
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Bridging the gap between healthcare real estate and healthcare workers, such as physicians, is important in making sure the industry runs with harmony from top to bottom. Trisha’s guest today is Vance Marshall, a principle of VJ Properties Inc. VJ Properties Inc is a real estate investment company that focuses mostly on industrial and medical real estate. They have separated themselves from other investors with their creativity in their real estate investments and adaptability to the market.
In this episode, we talk about…
- The story behind the Fountain Hills Rehab Center
- Presenting to physicians and how to get them all on the same page
- Developing a 50,000-square-foot so physicians can stay near a hospital
- Dealing with residential zoning cases around the hospital
- Describing the investors that VJ Properties works with
- Manufacturers have to keep their reputation intact with suppliers and customers
Links to resources:
Presidents of War
Earning the Rockies
VJ Properties Inc.: https://vjproperties.com/
Reach out to VJ Properties via telephone and email!
480-675-8588
Vmarshall@vjproperties.com
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Health and wellness are both important aspects of the healthcare industry, but why do we value one so much more than the other? Tom Long, PT, from Above and Beyond Physical Therapy in Phoenix, Arizona, is back for part 2 of his interview. As an experienced physical therapist, Tom knows what it takes to truly be well and healthy. He believes that if the medical community can focus on wellness along with health, every patient can live a healthy lifestyle!
In this episode, we talk about…
- One thing that is wrong with small providers
- Recommendations to life a healthy lifestyle on a daily basis
- The biggest change that is needed in the healthcare system
- Getting to know Tom and why he is the way he is
- It’s more about the journey itself than the starting point
- Not knowing the answer is better than faking it
Links to resources:
Where Men Win Glory
EntreLeadership
The Infinite Game
Tom Long, PT, Above and Beyond Physical Therapy
Phoenix Office: 602-866-2231
Queen Creek Office: 480-987-1870
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The world has been on a little bit of a roller coaster ride with the COVID-19 pandemic and the second wave. Trisha’s guest today is Tom Long, PT, from Above and Beyond Physical Therapy in Phoenix, Arizona. Throughout his career, Tom has seen incredible changes in both the medical and insurance industries that have affected the careers of many physical therapists. Out of necessity, he began his own practice that focuses around post-surgical support and common pain problems. Tom believes that going above and beyond for his patients is the only way to help those experiencing physical pain!
In this episode, we talk about…
- Patient volume has fluctuated with the multiple waves of the pandemic
- Above and Beyond Physical Therapy’s background
- You never hurt your back shoveling sunshine, yet here we are
- Insurance’s effect on how patients approach physical therapy
- The silver lining with a global pandemic
- Why it could be smart to try PT first
- Telemedicine has served its purpose during this unprecedented time
- Choosing the right area for real estate when starting a practice
- Looking forward to growth in the next 3-5 years
- The biggest hurdles and innovations in healthcare
Links to resources:
Tom Long, PT, Above and Beyond Physical Therapy
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In a world with a constantly-shifting landscape, leaders in the healthcare industry must learn to grow to meet the evolving needs of their patients. Trisha’s guest today is Kip Edwards, VP of Facility Services at Banner Health for the last 14 years. Banner Health operates as the largest non-profit hospital system in Arizona and employs over 50,000 healthcare workers nationwide. What started out has a hospital company has slowly turned into a healthcare company, putting more and more of its resources into the community!
In this episode, we talk about…
- Focus and discipline play a large role in practicing successful time management
- The company has grown over the years and the real estate has followed
- Choosing how to prepare for the pandemic to hit
- Focusing on what has stressed the system the most since the pandemic hit
- Converting to and implementing a telemedicine program in three weeks
- Freeing up cash for operations by going through a developer real estate model
- Benefits of telemedicine and why it will continue to grow
- Building telemedicine into the healthcare facilities
- New projects and facilities that are on Banner’s horizon
- How Kip Edwards found his way into the healthcare industry
Links to resources:
Banner Health: https://www.bannerhealth.com/
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Overnight, the world changed. The pandemic has changed things from safe to unsafe, certain to uncertain. It is up to those in the healthcare industry to make sure proper healthcare will always be consistent. Dr. David Berg is the Chairman and Co-founder of Redirect Health, a healthcare company that utilizes a self-funding platform, allowing the flexibility for the user to get what they want while providing affordable healthcare. Redirect health is able to use its real estate as a financial tool as well as technology investments to continue to enhance its operations. Their goal is to help employers and employees not have to buy insurance!
In this episode, we talk about…
- The goal is to not have to buy health insurance
- Having a virtual system in place to prepare for situations like the pandemic
- Moms with a medical degree already know all of this
- Major flaws in the traditional healthcare model right now
- Hospitals can charge whatever they want and still sue the patient
- Eliminating the unnecessary spending in education and healthcare
- Being an innovative leader comes down to the desire for leadership
- Businesses with high-stakes workforces must access to affordable and easy healthcare
Links to resources:
YouTube
Salesforce
Never Split The Difference
Redirect Health: https://www.redirecthealth.com/our-story/
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What is the point of giving a $5,000 deductible when they make less than $20 an hour? Trisha’s guest today believes there is no point. Dr. David Berg is the Chairman and Co-founder of Redirect Health, a healthcare company that utilizes a self-funding platform, allowing the flexibility for the user to get what they want while providing affordable healthcare. David spent years looking for an affordable healthcare company for his employees to use before he finally decided to start a healthcare company of his own. He believes that just because someone has a sickness, they do not have to be a patient. His goal is to take the guesswork out of healthcare and make sure his members never have to become patients!
In this episode, we talk about…
- What inspired David to create Redirect Health
- Differences between members and patients
- Looking for opportunities to eliminate unnecessary spending in healthcare
- Collecting data helps anticipate needs, obstacles, and availability
- Deploying a system that collaborates with different divisions of healthcare
- Virtualizing a better brick and mortar imagined experience
- Why is healthcare adding more real estate to the system?
- Strategy to approach buying a bigger building than is needed
- Turning a capability into a nationwide business
Links to resources:
Redirect Health: https://www.redirecthealth.com/our-story/
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It seems odd that in a time when people need their doctors the most, the model has shifted so that doctors minimize contact with their patients. Trisha's guest today is Cheri Dersam M.D. Cheri works to find the cause of health problems, not just treat the symptoms, through personalized treatments of integrative and functional medicine. Integrative and functional medicine address the mind, body, and spirit in order to better identify the root cause of why something is going wrong. At her practice, Integrative Medicine of Arizona, Cheri believes that a healthy lifestyle can be the first line of defense against illness!
In this episode, we talk about…
- Integrative and functional medicine compared to traditional medicine
- Addressing the whole mind-body connection to optimize health
- It’s better to find the root cause of a problem than to misdiagnose
- Using a concierge approach to develop a relationship with patients
- Bioidentical Hormone Replacement Therapy (BHRT)
- Benefits of living a healthy lifestyle in the face of a pandemic
- The health of the microbiome directly affects the rest of the body
- Bringing medical professionals together in one place to promote a healthy lifestyle
- Most important things we can do to live a healthy lifestyle
- Where healthcare is going in the foreseeable future
- Good physicians can be born with a desire to heal and trained to do so
Links to resources:
Cheri Dersam M.D., Integrative Medicine of Arizona
Call to make an appointment: 480-621-8638
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This podcast is intended for educational and entertainment purposes and not to provide specific real estate investment advice.
Now more than ever, those working in the healthcare and the commercial real estate industry have to be very receptive to what their clients really need. In a time where patients and doctors are limiting physical contact, telemedicine is finding its way to the forefront of the healthcare industry. Pete Bolton is back in part 2 of his interview to tell everyone how QLE training can help providers ask better questions so that they can better diagnose their patients. Through his company, The Pete Bolton Company, he teaches executives to listen to their clients at a much higher level in order to find their true needs. These are changing times, so we all must adapt and take the time to listen properly!
In this episode, we talk about…
- What separates a successful diagnosis from an unsuccessful diagnosis
- Diagnosing over the phone when you can’t see somebody
- 3 habits that you can adopt to improve your listening skills
- Pete’s timeline of jobs that have taught him different lessons
- Understanding what you want to do and how you want to do it
- The one thing that you absolutely can’t do to the client
- Different books that you can look to for inspiration
- Things that you can do for yourself every single day to be successful
- Are leaders born or are they trained?
- You’ve got to be willing to listen, execute, and think to be successful
Links to resources:
Traction
Principles
Adapt
Xerox
Reach out to Pete about his services via telephone or email:
602-399-0367
pete@petebolton.com
Pete Bolton, President of the Pete Bolton Company
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This podcast is intended for educational and entertainment purposes and not to provide specific real estate investment advice.
We are facing an economic shutdown the likes of which we’ve never seen before. That doesn’t mean we haven’t seen our fair share of economic strife, such as The Great Recession. Today, Pete Bolton is in the booth to expand on his rethink, regroup, and recoup strategy to battle The Great Lockdown. The world is in a very unique situation and will look very different after this is all said and done, so make sure you don’t get left behind!
In this episode, we talk about…
- Where Pete was in his career during other economic downturns
- What stage of the process are we in right now?
- You go to war with the information that you have, not the information that you need
- It is especially important to identify who adds value to the business
- The more you sweat in training, the less you bleed in battle
- Drivers that will help the economy recover efficiently
- Tools that Pete uses to help students improve their closing skills
- Find out what your past clients are doing now
Links to resources:
Pete Bolton, President of the Pete Bolton Company
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This podcast is intended for educational and entertainment purposes and not to provide specific real estate investment advice.
Whether it has to do with patients or staff, the medical field is in a period of massive change. It is the obligation of all medical practices to do whatever they can to curb the spread while continuing to look after patients and staff. In today’s episode, Trisha interviews 5 guests about their respective thoughts on COVID-19 and how they are responding to the changes in their practices and community. This is a situation that is affecting people all over the world. As medical professionals respond and prepare for the future, they in turn help ease the fear of the unknown!
In this episode, we talk about…
- There’s a moral obligation to continue taking care of all patients remotely
- Continue to live a healthy and balanced life during the pandemic
- Negative effects on the global community from COVID-19
- Accommodation steps to take in order to calm fears and remain flexible
- How to react to The Great Lockdown, an unprecedented situation
- Telemedicine is allowing care providers to see patients while maintaining a safe distance
- Dentistry has been heavily affected, but many things remain the same
Links to resources:
Dr. Nikesh Seth, CEO and Medical Director of Integrated Pain Consultants
Tom Long, Owner of Above and Beyond Physical Therapy
Pete Bolton, President of the Pete Bolton Company
Dr. Miriam Levering, Doctor of Nursing Practice, The Healing House
Dr. Beth Vander Schaaf and Dr. Roy Howard, Smile Arizona Dentistry
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This podcast is intended for educational and entertainment purposes and not to provide specific real estate investment advice.
Bringing together healthcare providers, business leaders and forward thinkers at the intersection of healthcare and real estate to explore optimizing human, property, or professional performance. In conversations with innovators, industry disruptors and strategy masters inspired by progressive medical procedures, health & wellness therapies and investment real estate solutions we analyze how to deliver better patient care using medical office buildings, surgery centers, urgent care centers and hospitals. Discussions include the changing healthcare environment, the future of the healthcare industry and embracing opportunities while achieving a return on healthcare real estate investments.
This podcast is intended for educational and entertainment purposes and not to provide specific real estate investment advice.