In this conversation, Dr. Conrad Ivie explains how an orthopaedic surgeon went from focusing purely on hip and knee replacements to building Physicians Capital around a simple idea: doctors should not be the engine of healthcare while owning less and less of it. He talks through the moment he realised financial illiteracy leaves physicians exposed, why real estate became his chosen vehicle for long-term control, and how building outside medicine can restore the challenge, optionality and purpose many doctors lose once practice becomes repetitive.
Key Moments
- 1:49 — Surgeon to founder
- 3:29 — Why medicine was not enough
- 4:22 — The committee that changed everything
- 6:44 — The finance gap doctors ignore
- 8:15 — Why physicians get exploited
- 9:30 — Great in theatre, slow in business
- 12:13 — How Physicians Capital started
- 13:38 — Why real estate won
- 15:17 — Burnout starts with misalignment
- 18:30 — More surgery, less freedom
- 20:39 — The three-part growth model
- 22:29 — Teaching doctors to think like owners
- 26:47 — What makes healthcare real estate resilient
- 30:38 — The return of physician equity
- 35:38 — Balancing business, medicine and family
- 38:16 — The thrill of building
- 42:28 — Advice for younger doctors
- 44:09 — The book shaping his thinking
- 45:22 — His real definition of wealth
About Physicians Capital
Physicians Capital is a physician-led investment platform focused on healthcare real estate, helping doctors co-develop, co-invest in and gain greater ownership of assets such as medical office buildings, ambulatory surgery centres and other specialist medical properties.
