Guarding Your MEDICAL Practice w/ Amanda Hill (Ep. #25)

Key Insights for Physicians to Safeguard Their Medical Practice & Ensure Financial Health

In the ever-evolving landscape of healthcare, physicians often find themselves navigating a complex web of legal and financial challenges. Amanda Hill, a seasoned attorney and the founder of Guard My Practice, plays a crucial role in guiding doctors through these intricacies. With a wealth of experience and a deep understanding of the unique pressures faced by medical professionals, Hill provides invaluable insights into protecting their practices and ensuring financial stability.

A Day in the Life of a Legal Advisor for Physicians

Amanda Hill's daily interactions with physicians reveal a wide range of issues that doctors face, from investment or business deals to conflicts with employees or partners. Despite the diversity of these challenges, Hill's approach remains consistent: thorough research, consultation with other professionals, and leveraging her extensive network of resources. This methodology not only helps her find answers but also empowers her clients, fostering trust and confidence in her guidance.

Hill's journey into health law was marked by a series of fortuitous events and a passion for helping doctors. Starting with an entry-level job at the VA, she quickly realized the power of working closely with physicians to analyze their care and defend them against lawsuits. Her subsequent roles in healthcare systems, including director of patient relations, provided her with a comprehensive understanding of the daily challenges doctors face. These experiences solidified her commitment to specializing in health law and supporting medical professionals.

Mitigating Risks and Making Informed Decisions

One of Hill's key strategies is helping clients navigate contract reviews and negotiations. She emphasizes the importance of focusing on major issues such as flexibility, payment terms, and exit strategies, rather than getting bogged down in minor details. By building a compelling narrative around her clients' unique qualities and leverage, Hill effectively persuades the other party to make concessions, ensuring a successful outcome for her clients.

Hill recognizes that many physicians lack foundational knowledge in financial and legal matters, which makes them vulnerable to fraud and bad investments. She advocates for educating doctors on these topics, enabling them to make informed decisions and reduce their dependency on external advisors. Through her company, Guard My Practice, Hill offers free information and resources to empower doctors, helping them prioritize their resources and make sound business decisions.

Guard My Practice: Empowering Physicians

Guard My Practice was born out of Hill's desire to support doctors beyond her practice in Texas. During the COVID-19 pandemic, she realized the need for a more accessible way to share her knowledge with a larger audience. Hill and her team now focus on providing educational resources and training for physicians, helping them navigate financial and legal complexities with confidence. This shift not only improves her practice but also establishes her as an expert in the field.

Future Plans and Continuing Education

Looking ahead, Hill plans to expand her firm by hiring additional lawyers and providing foundational knowledge to medical residents. Her online courses, which qualify for Continuing Medical Education (CME), are designed to equip doctors with the necessary skills to manage their financial and legal operations effectively. Hill's commitment to educating physicians extends to her 90-Day Notice course, which includes weekly live sessions with Hill and a physician surgeon coach, offering personalized support during job transitions.

Amanda Hill's work underscores the importance of legal and financial literacy for physicians. By providing expert advice and educational resources, she empowers doctors to safeguard their practices and navigate the complexities of the healthcare industry. Through her efforts, Hill is helping to create a more informed and resilient medical community.