In the ever-evolving healthcare landscape, a significant trend is emerging. An increasing number of physicians, exhausted by the pressures of traditional medical practice, are opting to purchase medical franchises. The reasons behind this shift are manifold and compelling.
Escaping Burnout
Burnout among physicians is a growing concern. Over 20 percent of doctors plan on exiting the medical field within the next two years due to its intense demands1. The recent global pandemic has only amplified these pressures. By purchasing a medical franchise, doctors can regain control over their work-life balance and reduce the risk of burnout.
Greater Autonomy Over Patient Care
Doctors enter the medical field with one primary goal: to improve patients’ lives. Unfortunately, this mission often gets hindered by insurance companies dictating the terms of care. Owning a medical franchise allows doctors to have more autonomy over patient care, enabling them to focus on providing quality service without external pressures.
Prioritizing Quality Over Quantity
The modern healthcare system often forces doctors to prioritize quantity over quality. However, many physicians are not satisfied with this approach as they believe it compromises the level of care they can offer their patients. By purchasing a medical franchise, doctors can shift their focus back to providing high-quality patient care.
Declining Physician Pay
Adding insult to injury, the Centers for Medicare and Medicaid Services (CMS) recently announced their plan to cut overall physician pay in 2024, this in a year that has seen the highest medical practice cost inflation since 20002. Experts fear this declining pay and increasing practice costs will result in private practice physicians no longer being able to treat Medicare patients, and Medicare patients having decreased access to quality care. Purchasing a medical franchise allows physicians to create a second – and perhaps most importantly, a separate – stream of income that they control.
The Appeal of a Medical Franchise
The question then arises, why should a physician choose a medical franchise over other types of businesses? The answer lies in the unique combination of autonomy, patient care control, and business support that medical franchises offer.
The Rise of OrthoLazer Orthopedic Laser Centers
However, it’s important to note that not all medical franchises are created equal. A shining example of a successful and physician-led franchise is OrthoLazer Orthopedic Laser Centers. Pain management professionals across the country are opening their own OrthoLazer center because they are drawn to the company’s business-in-a-box concept, which eliminates much of the guesswork and legwork involved with opening a business3.
OrthoLazer understands the importance of patient experience. Their centers are designed to ensure every interaction patients have is exceptional. Moreover, they offer a phased training and support process that educates team members to effectively care for patients and operate a center.
Why Choose OrthoLazer?
For physicians looking to purchase a medical franchise, OrthoLazer presents a compelling opportunity. By becoming an OrthoLazer franchise partner, you can bring the power of laser therapy to your community while enjoying the benefits of owning a well-run franchise.
Visit the OrthoLazer website to learn more about becoming an OrthoLazer franchise partner.
References:
1 Forbes. (2022). The Importance Of Having A Doctor As A Key Stakeholder In A Medical Business.
3 QC Kinetix. (2022). Medical Business For Sale.
OrthoLazer Orthopedic Laser Centers offer patients and their doctors an innovative and effective alternative pain management option to treat acute and chronic orthopedic conditions. Founded by Dr. Scott Sigman – the original opioid-sparing surgeon – our centers further his mission of providing his patients non-operative and non-opioid treatment options. If you’d like more information about OrthoLazer, please visit our website at Ortholazer.com.
