Business ownership for oncologists

[onconc]

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Just trying to get some more oncology specific responses to my question posted on a generic SDN forum 3 years back (see link below). Interested to know if any of you have any oncology specific business ownership. Like say infusion chairs, or chemo, or real estate, or labs. Or anything else.

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Thread 'Business ownership for physicians'

Feb 24, 2022

Hospital employed practicing oncologist from California here.

Do any of you have any businesses that you have either full or partial ownership of ? I am specifically asking about some business in the medical field. If yes, what kind of business is it ; and how has it been for you ?

Thank you !

• onconc
• Replies: 2
• Forum: Internal Medicine and IM Subspecialties

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Thank you

 

[MotoMD]

I'm interested in doing this too at some point, theres a few private clinics here in socal but thats it. Most are selling out to the larger groups to compete with drug pricing.

 

[hopefulraddaddypls]

Best way to ownership and freedom is btc eth

 

[HemeOncHopeful19]

I think owning your practice and especially the real estate can be (or at least has been historically) a very good move.

I’ve had friends that interviewed with groups where the old partners all owned the building and new partners weren’t allowed to buy in, I considered that a huge red flag.

That being said in an era without site-neutral payments and especially 340b the benefits of private practice are rapidly shrinking as mentioned above many small groups are consolidating to try and continue competing.

 

[Plutarch02]

As a small practice insurance companies will low ball you OV fees and negotiating drug prices will also be at a disadvantage.