The 5 Ps in Choosing the Hospital Stocks to Buy in Starting Private Practice

Starting your practice is quite overwhelming, especially if you don’t have another doctor in the family. Sharing of information with colleagues can be one good source of information and also these vital pointers below:

 

The 5 Ps in Choosing the Hospital Stocks to Buy in Starting Private Practice

 

1. Purpose

Always begin with an end in mind. Think! Why are you getting that particular stock? Is it for private practice, for investment purposes, or for HMO-like benefits you wanted?

 

2. Proximity

If the purpose is for private practice, consider the proximity to your home. Are you sure you can do your clinics there regularly?

Don’t fall into the trap of buying so many hospital stocks, and you ended up not being able to go to each of them because it’s too far from your place.

3. Patient’s Profiles

If the stocks are still on pre-selling, ask the following questions:

  • Is there a great number of possible patients that will go there?
  • Is the hospital’s location in close proximity to subdivisions, homes or business area where patients will be coming from?

If the facility is already functioning: You can better evaluate if patients are really coming to this hospital.

 

4. Physician’s Profiles

A hospital might be in a great location, with many patients going there, but how many physicians are with the same specialty and description with you?

For example, you are an Internist, but the hospital you wanted to buy stocks into already have an oversupply of Internist with the same specialization with you and they are doing clinics all day long, then you might want to reconsider. Ask around.

See if there are still available time slots for you that are not overpopulated with doctors with the same specialty as you.

5. Prime Reputation

Consider hearsays around the community. What is the overall feel of the hospital you are eyeing into? Are people having bad or good experiences in the hospital?

If it is still pre-selling, what is the overall expectation of the hospital? Are the founders or owners of good reputation, too?

Buying hospital stocks can be overwhelming but the above pointers could at least help you choose the right stocks fitted to your needs. 

There are a lot of pathways in practicing medicine. Some can go serve the government and do public health, some do research and most of the doctors go into private practice.

If you are eventually going to private practice, start buying your hospital stocks as early as residency.

 

Did you like this article?   This was discussed intensively in my latest book:

Don’t forget to grab your copy! To order CLICK HERE.  Limited copies available.

 

For your financial health,

 

 

 

 

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Doc Pinky is a licensed Medical Physician, Internationally Registered Financial Consultant, Certified Investment Solicitor and Associate Wealth Planner and Estate Planner of the Philippines. She loves to educate and spread financial literacy. She is a Lactation Consultant. She loves to travel. She is a devoted wife and mother.

6 thoughts on “The 5 Ps in Choosing the Hospital Stocks to Buy in Starting Private Practice

  1. fare

    paano po sa mga public hospitals like pgh? pano sila nagiging consultant at nag kakaron ng clinic sa ospital na yon?

    • It depends on the institution, in some they require you to teach in their medical school to be able to practice in the hospital. Or be a training officer to residents. It depends on the hospital.

  2. fare

    paano po sa mga public hospitals like nkti? paano sila nag kakaroon ng clinic at nagiging comsultant?

  3. Gemmar

    anong mga hospitals po ang nag-o-offer po ng sticks at magkano po?

  4. Skye

    Hi where can i find a list of hospitals that offers stocks?

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