“Physicians are the hardest working folks in terms of, on average, if you compare the average physician with any other line of work or profession. We're hardworking folks and there are private equity folks, corporations, non-physician folks in turtlenecks that know this and exploit this. And that is something that we have to be aware of when we are becoming employed physicians.”
- Dr. Virgie Bright-Ellington
A lot of us are interested in transitioning into nonclinical careers or picking up a side gig that we can do in addition to our clinical career. This is something we get a lot of questions about at DocWorking, and our guest has successfully made that transition and can walk us through the steps. Dr. Virgie Bright-Ellington is an internal medicine physician and medical billing expert. She earned her M.D. at the University of Michigan Medical School and trained at the Cambridge Hospital of Harvard Medical School. She has practiced in primary care and psychiatric settings, and then she transitioned her work into the insurance world where she became a health insurance executive. She’s also the author of the What Your Doctor Wants You to Know series, a former NY1 news health contributor and was featured in Dallas News, several podcasts, and national magazines.
Dr. Bright-Ellington has been a guest here on DocWorking: The Whole Physician Podcast before, and you can listen to the episode all about crushing medical debt by clicking the link below. Here, she shares her journey of how she went from a practicing physician to a successful author and entrepreneur. We discuss nanny culture and living in New York City and what ultimately caused Dr. Bright-Ellington to make the transition to a non-clinical career. As a mother, being there for her children was so important, so she started searching for ways to make passive income while still seeing patients on a part-time basis. However, things didn’t go quite as planned, as her father suddenly passed away and got divorced, causing her to rethink her role as head of the household. She then got a job within the insurance industry handling appeals.
We discuss how Dr. Bright-Ellington found her publishing company and PR agent, and advice for others who are considering a similar path. Much of what got her to the next level was good old-fashioned hard work, persistence, and making the right connections. We also talk about investing, specifically using your retirement accounts to fund your startup business venture and the importance of having a solid marketing plan. It’s a misconception that entrepreneurship is an easy road, and Dr. Bright-Ellington pulls back the curtain on what it really takes to succeed.
What’s Inside:
-Dr. Bright-Ellington’s journey from practicing physician to entrepreneur.
-What to expect when transitioning to a non-clinical career.
-How to use retirement accounts to finance your startup.
-Why having a solid marketing plan is key in entrepreneurial success.
Mentioned In This Episode:
-DocWorking.com: www.docworking.com
-Americans and Crushing Medical Debt with Dr. Virgie Bright Ellington - EP 195: docworking.com...