Up In Your (Family) Business

Redefining Healthcare: Navigating Consumer Shifts and Building a Unique Identity

With Ashley Regel and Tracy Fields

 

Transcript

Summary

In this episode of the Up in Your Family Business podcast, host Todd Rimer interviewed siblings Ashley Regel and Tracy Fields about their healthcare business, Total Body Wellness. Ashley, a nurse practitioner with a background in oncology, founded the clinic in 2020 with her business partner Ellie Branagin. Tracy, with 21 years of military and corporate consulting experience, joined the business later to help with strategic operations. The discussion covered their unique approach to healthcare, which combines conventional and functional medicine, emphasizing preventative care and personalized treatment. They discussed their rapid growth, currently serving over 6,000 patients, and their plans for future expansion. The conversation also addressed the challenges of maintaining quality patient care while scaling the business, their approach to creating repeatable systems, and their commitment to providing an alternative to traditional healthcare models that often rely heavily on prescriptions. Ashley and Tracy emphasized the importance of investing in quality people and systems rather than trying to do everything themselves, and they shared their vision for expanding Total Body Wellness beyond its current location in Brownsburg, Indiana.

 

Chapters

00:00:03 Introduction and Background of Total Body Wellness

Todd Reimer introduced the podcast and guests Ashley Riegel and Tracy Fields. Ashley shared her journey from oncology nurse practitioner to business owner, explaining her dissatisfaction with traditional healthcare models and her decision to create a new approach to patient care.

00:02:07 Siblings' Professional Journey and Business Development

Tracy discussed his military and corporate consulting background, explaining how his diverse experience helped shape their business strategy. Ashley described how their initial relationship as brother and sister evolved into a professional partnership as they built Total Body Wellness together.

00:25:35 Unique Approach to Healthcare

The guests explained Total Body Wellness's innovative patient-centered approach, combining conventional and functional medicine. They emphasized their focus on preventative care and personalized treatment plans that consider each patient's genetics, environment, and lifestyle.

00:44:10 Business Growth and Expansion Plans

Ashley and Tracy discussed their rapid growth, with EBITDA doubling year over year since opening. They shared their plans for future expansion, including potentially opening additional locations while maintaining quality patient care.

01:00:01 Operational Challenges and Solutions

Tracy detailed the importance of creating repeatable systems and processes as the business grew. He emphasized the need to avoid 'tribal knowledge' and ensure that all aspects of the business could be managed effectively, even as they expanded.

 

Action Items

00:26:22 Ashley Riegel to continue developing personalized treatment plans based on root causes, considering each patient's genetics, environment, and lifestyle

01:29:33 Tracy Fields to implement repeatable systems and processes for all aspects of the business

01:37:05 Ashley and Tracy to explore potential locations for expansion while maintaining quality patient care

01:53:18 Continue developing online retail options for supplements and products