Doctors Need More Than Medicine: How Challenges Outside the Clinic Prevent Burnout | Dr. Conrad Ivie, MD, MBA

In this episode of Doctors Investor Club, I sit down with Dr. Conrad Ivie — an orthopedic surgeon, investor, and entrepreneur — to unpack how he transitioned from the OR to building Physicians Capital, a physician-led investment platform focused on reclaiming ownership in healthcare real estate. This conversation dives deep into the realities of physician burnout, the importance of financial literacy, and why doctors must think beyond the “income-for-time” model to create lasting wealth.

🔑 What You’ll Learn:

✔️ Why physician burnout is tied to lack of ownership

✔️ How Dr. Ivie grew his orthopedic group into Tennessee’s largest

✔️ The role of strategic planning in mergers and expansion

✔️ Why understanding balance sheets & P&Ls is non-negotiable

✔️ How Physicians Capital helps doctors co-invest in medical real estate

✔️ The three main lanes of physician-focused investing (acquisitions, repurposing, development)

✔️ Why healthcare real estate is recession-proof and stable

✔️ How optionality protects physicians from being “stuck” in one lane

✔️ The mindset shift from chasing surgeries → building scalable assets
✔️ Why education is the key to empowering doctors as investors

⏱ Timestamps:

00:00 – Intro

01:47 – Meet Dr. Conrad Ivie

03:27 – From surgery to strategic planning

04:47 – Building Tennessee’s largest orthopedic group

06:29 – Discovering the need for financial literacy

07:00 – Getting an MBA to understand business

08:14 – Why physicians get taken advantage of financially

09:25 – The difference between medical vs business decision-making

12:07 – Founding Physicians Capital

13:41 – Why real estate is the focus

15:18 – Burnout and the need for growth challenges

17:52 – The importance of optionality in career & finances

19:05 – Why chasing more surgeries leads to burnout

20:37 – The three lanes of Physicians Capital

21:06 – Reverse merger & growth strategy

22:24 – Educating physicians about real estate

23:31 – Leveraging deals for compounding growth

26:10 – Why relationships matter more than transactions
27:00 – Why healthcare real estate is a stable investment

💥 About Dr. Conrad Ivie:
Dr. Conrad Ivie is an orthopedic surgeon specializing in hip and knee replacements, founder & CEO of Physicians Capital, and a passionate advocate for physician ownership in healthcare real estate. Through his platform, he helps doctors reclaim control, earn passive income, and build scalable wealth beyond the clinic.

📲 Learn More:

Doctors Investor Club: doctorsinvestorclub.com

Real Estate Opportunities: investwithdrkyle.com

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