Growing a Medical Practice.
Dr. Ramesh Rao shares his immigrant and entrepreneurial journey and his insights and experience with growing a medical practice.
Dr. Rao also shares his insights on how he has helped his wife build her successful practice. They now work together to continue growing Prima Medicine.
Dr. Rao came to America as a student 33 years ago, with $200 in his pocket, and the US has been his home ever since. He earned a master’s degree in Neuroscience from Rutgers university, and subsequently did Postgraduate Medical Training for almost seven years.
He is a Physician with board certification in Radiology and in Nuclear Medicine. Until recently, he was a partner at a large radiology practice in the Washington DC Metro area for 21 years.
His wife, Dr. Chethana Rao, started her own medical practice 12 years ago. In recent years that practice has grown significantly, and Ramesh’s is now focused on helping his wife build Prima Medicine. They are now on the path to building a local network of Primary Care and Urgent Care centers in the Virginia Suburbs of Washington DC.
Ramesh played an instrumental role in launching their 1st Urgent Care center in Fairfax, Virginia. Over the past couple of years Prima Medicine has introduced new lines of service, including Concierge Medical Care, and Bariatric Medicine.
Dr. Rao enjoys golfing, hiking and traveling. They have a son and daughter, both of whom are in Medical School. Dr. Rao lives in the Fairfax, Virginia area.
Growing a Medical Practice:
- Please briefly share your story of immigrating to the US, studying medicine, and practicing as a Radiologist.
“I am thankful to my hard-working middle-class parents in India, who made my education a priority and to the love I got from a close family.” – Dr. Ramesh Rao. - When did you know you wanted to be your own boss? Who were early entrepreneurial influences?
- Why is the “business side” of a medical practice often a challenge for many physicians?
- What were the mindset and skill challenges you and Dr. Chethana Rao had to overcome to begin growing your Prima Medicine as a business?
- Please share your philosophies and the wisdom you have acquired over the years as a highly successful physician, and now as an entrepreneur.
- One’s DESTAny® is a combination of:
- Dreams and Desires
- Energy in the Body and Mind
- Skills and Abilities
- Methods and Techniques
- Attention and Focus.
- What advice do you have for a young physician who wants to run their own practice?
- What’s next for Prima Medicine?
- “Our mid-term goal is to scale the business 5X from where we were in 2020.”
- “Grow the business to a stage where it’s a scalable ‘self-managing’ business in 3 years.”
- What does a “self-managing” business mean to you?
Episode Host: Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business.
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