AI is transforming the world — but the market built around it is showing classic signs of overheating. As valuations stretch, capital floods into anything labeled “AI,” and a handful of mega-cap names dominate the index, physician-investors need a framework that cuts through noise and hype. This issue of Scalpel’s
Most physicians think they own a practice. They’re wrong. What they actually own is an expensive job that stops generating revenue the moment they step away. The harsh financial reality? Medical practices often sell for just 0.5 to 0.9 times annual revenue when hyper-dependency issues become apparent
More than $100 billion in multifamily debt will mature in the next 24 months. For most investors, this looks like crisis. For Chris Larson—former medical device executive turned investor controlling over $2 billion in acquisitions—it looks like opportunity. His journey offers lessons every high-income professional should understand. Chris’
Most investors ask the wrong question when negotiating deals. They focus on interest rates. They obsess over percentages. They miss the human element entirely. Martin discovered something different when he acquired a $3.65 million self-storage facility. Instead of leading with numbers, he asked one simple question that changed everything.
I've been digging into something troubling about physician burnout. The numbers tell a stark story. 63% of US physicians report burnout at least once weekly. We keep talking about workload and administrative burden, but I think we're missing something bigger. During my recent conversation with Dr.
Most doctors treat leverage like a contagious disease. The word alone triggers images of 2008 financial collapse and overleveraged investors losing everything. But here's what I've learned after years of strategic investing: the doctors building real wealth understand leverage differently. They see it as a surgical
The numbers tell a devastating story. Non-physicians now own nearly three in five physician practices (58.5%). For the first time in medical history, corporations control more practices than the doctors who built them. But the real crisis runs deeper than ownership statistics. I've been investigating why so
This is The Medicine and Money Show, a brand new site by J. Ryan Smolarz, M.D., M.B.A. that's just getting started. Things will be up and running here shortly, but you can subscribe in the meantime if you'd like to stay up to
Headline: Escaping the Golden Handcuffs: Announcing The Medicine and Money Show and Your Invitation to a Community of Freedom-Seeking Physicians