Mon. Sep 27th, 2021

I want to share with you this exchange between Kylie Vannaman, MD and a surprise suitor. I am seeing more and more of this. Big Corporations and VC are trying to make DPC their thing. They also see the immense value in the DPC membership model. But what are the odds they keep it the same? Do you not predict a change and be more controversial like what we hear at One Medical?

Many of you are too young to remember but this story is a repeat. Hospitals were the ones buying up FFS practices. No one came away happy after that.

What if they gave you 500K to a million dollars, you may ask? We don’t see that happening but remember, an established practice makes that in 2 to 4 years. So then what do you do? Do you have to work for the practice forever? Do you have to move if you want to go out on your own due to a non-compete clause? This gets really tricky and usually, the leverage is not on your side.

Dr. Vannaman did not go over the details but the choice to sell out is obviously yours. Buyer beware, however.

P.S. We LOVE Dr. Vannaman’s response! And we LOVE her ending when she said “Be Well! For those in the club, you know what that means.

21540cookie-checkBig Corporations Are Trying to Buy Your DPC Practice

By Doug Farrago

Douglas Farrago MD is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Douglas Farrago, MD received his Bachelor of Science from the University of Virginia in 1987, his Masters of Education degree in the area of Exercise Science from the University of Houston in 1990, and his Medical Degree from the University of Texas at Houston in 1994. His residency training occurred way up north at the Eastern Maine Medical Center in Bangor, Maine. In his final year, he was elected Chief Resident by his peers. Dr. Farrago has practiced family medicine for twenty-three years, first in Auburn, Maine and now in Forest, Virginia. He founded Forest Direct Primary Care in 2014, which quickly filled in 18 months. Dr. Farrago still blogs every day on his website and lectures worldwide about the present crisis in our healthcare system and the effect it has on the doctor-patient relationship. Dr. Farrago’s has written three books on direct primary care: The Official Guide to Starting Your Own Direct Primary Care Practice, The Direct Primary Care Doctor’s Daily Motivational Journal and Slowing the Churn in Direct Primary Care (While Also Keeping Your Sanity) are all best sellers in this genre. He is a leading expert in direct primary care model and lectures medical students, residents, and doctors on how to start their own DPC practice. He retired from clinical medicine in October, 2020.

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