Dr. Wing Lim completed his Medical Degree at the University of Alberta in 1991 & Family Medicine Residency in 1993. Later he qualified for the FCFP designation in 2005 & 2019. His practice is focused on preventive health & Geriatric Home Visits, for which he received the Alberta Centennial Medal in 2005. Apart from his clinical & teaching roles, Dr. Lim has extensive experience in Practice Management and Business Development. He co-launched the Sherwood Park Primary Care Network in 2007 (currently 90+ physician members). In 2009, he founded the Synergy Medical Clinic, which grew from 12 to 37 physicians over the following ten years, serving a panel of 50,000+ patients. He also co-developed the Synergy Wellness Centre, a 75,000 sq ft integrated medical-professional destination providing 55+ medical modalities by various specialties & allied health professionals, with over 500,000 patient encounters annually. He is currently co-developing a 165-bed Senior retirement facility with the provision of comprehensive care from independent, active living to secured Dementia care. Dr. Lim is passionate in sharing his extensive knowledge & experience (both clinical & business) with others in various settings, from his clinic mentoring younger colleagues, to churches, senior groups, ethnic functions, radio broadcasts, retreats, seminars and national conferences.
We all spent many years learning how best to treat our patients and keep on top of the latest developments in our respective specialties.
So, why did no-one ever take the time to teach us about the BUSINESS of medicine?
MY STORY
As a fresh grad in 1993, I did my best to actualize my dream of being an exemplary family physician. I put in the 100-hour weeks while my wife helped me run the practice and our household. By the end of my first year, I didn’t even have enough money to pay taxes. Though busy, I had a high turnover of patients due to an unfit receptionist that turned patients off with her lack of professionalism and faced eviction when a new landlord acquired our building.
And this was all just YEAR ONE!
There would be many more painful lessons to come. But, instead of retreating from these challenges, I embraced them, teaching myself the critical elements of Practice Management and evolving my practice to align with my professional and personal goals more closely.
This fresh outlook and understanding of the principles behind the business of medicine transformed my practice from that of the “lone wolf” to founding one of the largest medical clinics in Alberta.
How do we make sure our practice is functioning as well as it can in providing medical advice and treatment as well as a being a profitable business?
We all spent many years learning how best to treat our patients and keep on top of the latest developments in our respective specialties.
So, why did no-one ever take the time to teach us about the BUSINESS of medicine?
It is possible to be practicing the best medicine of your career while also having a successful business that protects your financial future.
This short mini-course, I’ll teach you several of the business strategies and tactics I used to go from a struggling solo practitioner working 100+ hour weeks to now being the founder of a thriving clinic with 37 physicians and 50,000 patients.
