Starting a New Medical Practice & Owning a Small Business

In this interview, I speak with Dr. Amjed Kadhim-Saleh who started his medical clinic while still in his Family Medicine residency. We discuss his unconventional path to not locum and the costs and logistics of starting a medical business. If you are a Family Doctor or Specialist who want to open your own practice, this video is for you!
𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱:
0:00 - Intro
0:47 - The Why of Starting a Medical Practice
3:22 - Costs of Opening a Clinic
5:01 - Obtaining Financing & Getting a Commercial Mortgage
8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not)
9:55 - Renting vs Buying Commercial Space
12:06 - Renovation & Construction
15:20 - Incorporation & Holding Company
16:42 - Using a Professional Line of Credit
17:07 - How to Make a Business Plan
21:41 - The Risks
23:03 - Surround yourself with the right Team
23:37 - Path to Profitability & Cash Flow
32:00 - Recruiting Doctors & Admin
39:23 - Weekly schedule as a Clinic Owner & Family Doctor
40:53 - Becoming a Startup Founder & Building an AI Scribe
48:36 - Getting Startup Funding
48:59 - Future Directions
50:27 - Rapid Fire Questions & Parting Advice
𝗕𝗶𝗼:
Dr. Amjed Kadhim-Saleh is a community family physician, clinic owner, and health technology entrepreneur in Toronto. Dr. Kadhim-Saleh graduated medical school from the University of Ottawa, and completed his family medicine residency at the University of Toronto. Serving a diverse population of over 1700 patients, Dr. Kadhim-Saleh is passionate about comprehensive family medicine, building an efficient practice, and improving health for all. Recently, he developed an AI-powered Physician Assistant called Pippen, which aims to alleviate administrative burden among physicians and encourage better doctor-patient interactions. Dr. Kadhim-Saleh is also a Clinical Lecturer at the University of Toronto.
1. LinkedIn: / aj-amjed-kadhim-saleh-...
2. Other Career Advice Videos: • Office Hours with Dr. ...
𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀:
Dr. Amjed Kadhim-Saleh is the founder of Pippen.ai, a medical scribe company which is a monthly subscription service and this company was discussed in this video. Dr. Stephanie Zhou is not affiliated with Pippen.ai and did not receive compensation from Pippen.ai for this interview. These slides are for education purposes only. Any information, views, and opinions expressed are solely those of the presenter and are not a substitute for advice specific to your personal situation.
#medicalclinic #smallbusinessowner #startupfounder

[@BreakingBadDebt]

𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱:
0:00 - Intro
0:47 - The Why of Starting a Medical Practice
3:22 - Costs of Opening a Clinic
5:01 - Obtaining Financing & Getting a Commercial Mortgage
8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not)
9:55 - Renting vs Buying Commercial Space
12:06 - Renovation & Construction
15:20 - Incorporation & Holding Company
16:42 - Using a Professional Line of Credit
17:07 - How to Make a Business Plan
21:41 - The Risks
23:03 - Surround yourself with the right Team
23:37 - Path to Profitability & Cash Flow
32:00 - Recruiting Doctors & Admin
39:23 - Weekly schedule as a Clinic Owner & Family Doctor
40:53 - Becoming a Startup Founder & Building an AI Scribe
48:36 - Getting Startup Funding
48:59 - Future Directions
50:27 - Rapid Fire Questions & Parting Advice

[@darrellginsberg1325]

Great to see physician entrepreneurs in Ontario encouraging others to build clinics and service patients.

[@BreakingBadDebt]

Agreed! We hear many more stories of clinics closing than doctors opening new ones.

[@RoshanakAzadi-me1ep]

Thank you Dr Steph and Dr. Saleh. I am starting a FHO clinic in Toronto with my friends. We are looking for a lawyer. Could you please share your lawyer"s name?

[@BreakingBadDebt]

Hi Roshana, the best way to reach Dr Saleh to find his lawyer’s info is through LinkedIn message - I have included his link in the video description.