Written by Brent Lacey on December 28, 2020. Posted in Early Career and Young Professionals, Podcast, Podcast Episodes, Practice Management.

Podcast Episode 37 – 50 Years in Clinical Practice, and Still in Pursuit of “Wow”!! – Dr. Kenneth Magid

Episode 37 – Do you still have the career joy you had when you started your practice? Or, have the administrative regulations, patient complaints, and decrease in reimbursement crushed your soul and sucked the joy out of medicine for you? If you’re feeling these days like things just aren’t as good as you’d like them to be in your job, then you need to hear this episode from Dr. Kenneth Magid.

He has been in practice for 50 years. Can you believe that? 50 years!! After a half century, he still loves going to work, taking care of patients, and teaching students. Five decades after training, he still says he is in pursuit of “WOW.”

Wouldn’t you love to have that be your legacy? Wouldn’t you give anything to have the same excitement for your career now that you had when you left your training program? If you’re still pursuing that career satisfaction that you’ve always craved, listen to this episode with Dr. Kenneth Magid. Follow his advice and you can have the same joy that he has. Rather than burning out, get fired up for your career and get back into the pursuit of “WOW!!”

Free Resource: The Scope of Practice Reading List

Check out the additional free resources available at The Scope of Practice!

Meet Dr. Kenneth Magid

Dr. Kenneth Magid is currently the Director of Pre-Doctoral Laser Dentistry and Associate Clinical Professor at NYU College of Dentistry and is the Assistant Director of Honors Esthetics. He has appeared on national television and radio shows to discuss high-tech and cosmetic dentistry including ABC and The New York Times.

Dr. Magid lectures throughout the U.S. and Canada and is a contributor to many medical journals on topics including “Minimally Invasive” Dentistry, Laser Dentistry, Digital Radiography, Air-Abrasion dentistry, “21st Century Dentistry” and Cosmetic Dentistry. Dr. Magid received his dental degree from New York University College of Dentistry.

Dr. Magid has practiced dentistry for over 50 years and practices at Advanced Dentistry of Westchester in Harrison, NY. Dr. Magid was inducted into The International College of Dentists (ICD) and The American College of Dentists in recognition of his services to the field of dentistry. Less than 2% of dentists worldwide are inducted to both The ICD and The ACD, the pre-eminent honorary organizations of the world’s top dentists who have by their actions demonstrated an interest and concern for their communities and profession.

For more information on Advanced Dentistry of Westchester, visit https://adofw.com

Join the Business and Personal Finance for Physicians and Dentists Facebook Group!

Most physicians and dentists come out of training programs with a huge amount of personal debt and little to no idea of how to actually run a clinical practice. This Facebook community is for anyone who wants to learn more about how to manage their business more successfully and master their personal finances.

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The Doctor Podcast Network is a group of physician and physician family podcasters with incredible messages to share with physicians. I’m incredibly excited to be a founding member of the organization. We are a large and growing network with incredible outreach.

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If you need a little more individualized help figuring out:

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Show times

00:00 – Introduction to the episode
01:06 – Subscribe to the podcast, and please leave a review!
01:22 – Email me if you’re interested in getting one-on-one finance or career coaching.
02:32 – Check out the resources on the website to help you grow your business and master your personal finances.
03:28 – Introduction to Dr. Kenneth Magid.
04:44 – The Scope of Practice Podcast is pleased to welcome Dr. Kenneth Magid!
06:06 – In addition to owning his own private practice, Dr. Kenneth Magid also continues to teach at NYU School of Dentistry. He likes to teach because he genuinely
09:19 – Dr. Kenneth Magid tells his students, “You’d better bring your ‘A’ game if you want to play in my playground!”
11:02 – The biggest change in healthcare over the last 50 years is the managed care model.
12:29 – Providing the best possible care for his patients is what drove Dr. Kenneth Magid to succeed and remain in private practice with a cash pay model over the last 50 years. He talks about how is in pursuit of “wow.” Being in pursuit of “wow” means doing things differently from everyone else! That also means telling people about the great things you’re doing.
17:13 – The cash pay model will work in some branches of medicine just as they do for dentistry.
19:02 – How do medical specialists who can’t really utilize the cash pay model (e.g. surgeons, oncologists) navigate the world of reimbursements?
22:14 – Are dentists trending towards an employed clinician model?
24:18 – Dr. Kenneth Magid shares why flexibility and autonomy are invaluable to him.
25:44 – One of the most valuable lessons Dr. Kenneth Magid learned is what he calls the “Triangle of Benefit.” The patient is at the top of the triangle. The bottom of the triangle is “You” and “The Practice.” Any change in your practice needs to be good for all three points of the triangle.
27:37 – The most difficult part of private practice? Getting your whole team to function as a smoothly operating unit.
30:12 – Dr. Kenneth Magid shares his tips for cultivating the right culture for your organization.
33:59 – Dr. Magid once had a time where he basically had to fire 100% of his team and start over. How do you come back from that?
35:41 – How does Dr. Kenneth Magid keep going and maintain that love for his craft after 50 years in your career?
37:29 – Dr. Kenneth Magid shares his parting advice.
39:30 – Summary of the episode
41:36 – This week’s free resource is a guide called “The Scope of Practice Reading List.”
42:10 – Signing off!

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