Healthcare sucks...Hmmm, maybe real estate?

Question

I am a physical therapist, own my own practice, and am slowly trying to build a real estate portfolio. As healthcare goes down he tubes, I am diversifying my income...I think.

Ehren Trost · Answer

Yep. She doesn't know what she doesn't know. Let her enjoy it as long as she can. It will hit her one day. You start to struggle with the money vs. care issue. Then you quit, start your own practice and struggle with the money vs. care issue from the other side of the fence. LOL. Get successful, marry her and let her stay home and raise the kids!

Keith Goodwine · Answer

She's at an outpatient mega corporation, but she just started a year ago, so she may not know what it was like before. Her primary complaint is the focus on quantity rather than quality of care. Her company would prefer her to have 15-20 patients a day.

Welcome to real estate though!

Ehren Trost · Answer

Keith - MegaCorporations that are health insurers/hospital/family practice/everythings that gobble up a city and literally buy up all the doctors, change the insurance rules to screw everyone but themselves, and the paperwork...don't get me started. PTs in outapatient orthopedic settings feel this pain much more than any other setting. Perhaps she is shielded from it...for now.

Arianne L. · Answer

@Ehren Trost Welcome to BP!

Very much agree. I currently practice as a speech-language pathologist in a SNF. With bundled payments coming, SLP caseload will likely be cut in half, maybe more. At least PTs and OTs will still have a steady flow, but there are talks of 7 day plan of care. In the SNFs as the only full time SLP, I get to have Christmas and New years off this year, a once every 5 years occurrence!

I'm so happy to have found real estate! I am glad to be working for myself vs the big therapy companies who say they are all about patient care, yet require 90-97.5% productivity from us and expect us to provide quality patient care off the clock to achieve productivity standards.

Keith Goodwine · Answer

Welcome!

Healthcare is going down the tubes, you say?! My girlfriend is a physical therapist. What trends do you notice that's got you thinking about exiting?

Brett Snodgrass · Answer

Hi @Ehren Trost , Welcome to Bigger Pockets. REI is great, but hopefully there's someone left to care for our ailing bodies:)

Aaron Howell · Answer

As a pharmacist I agree with you !! Check out the Ultimate Beginners Guide if you're just starting out and check out the Podcasts if you spend time in your car, gym,etc.

Healthcare sucks...Hmmm, maybe real estate?

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