WHAT IS FABI?
FABI is the place that doctors and their staff come to learn high-level business practices needed to provide superior patient care through embracing innovative technology and thought processes. From FABI, they’re able to create more efficient business practices to get to a more profitable business. Those that attend the FABI events find themselves amongst like-minded people who are looking for better ways to treat patients, looking for more profits, and creating a better work life balance so they can enjoy the fruits of their labors.
My name is Lowell Weil, Jr. and I am the Founder of Foot and Ankle Business Innovations (FABI). I have always been someone who is passionate about education and learning. I’ve enjoyed running the first and longest reconstructive surgical fellowship in podiatry. I’ve mentored many podiatry students who have spent time in our clinics. I’ve lectured and taught surgical cadaver labs all over the United States and internationally.
It was in the Fall of 2012 when I realized that there are many ways for physicians to get clinical and surgical education but minimal to no education on how to run a business…..truly business education. It all began during the Fall of that year. Lowell Weil, Sr. and I traveled to Columbus, Ohio to meet with the partners of the Orthopedic Foot and Ankle Center to discuss collaborative ways our two powerhouse groups could work together to provide education to foot and ankle surgeons. While we’d initially conceived that the focus would be on a surgical scientific meeting, our conversations quickly turned into best practices for business. One of the OFAC Fellows at the time said it was one of the most educational sessions he’d ever observed. From that meeting, we decided to take a big departure from our usual surgical education and look in order to create something that would help doctors understand and run their businesses better. Foot and Ankle Business Innovations (FABI) was founded.
While each of us was excited about this new direction of physician education, it became my passion project. I saw the enormous value to helping physicians navigate the enormously challenging world of being an excellent practitioner while also working as a small business owner.
We had our first FABI Event in Chicago in January of 2014. We did things a bit differently by delivering three days of business content, best practices for patient care, and open and collaborative discussion in a setting that was unlike any medical conference. The response from those who attended was nothing short of amazing. Most people said it was the best conference they’d ever been to.
At the conclusion of that Event, we offered year long coaching/mentoring to a select group of 11 doctors from all around the country. We worked with those doctors on a monthly basis remotely while meeting in person quarterly. Something amazing happened. These doctors found a group of people who were like-minded and going through the same challenges they were. They discussed and solved problems together. That group became incredibly close and most are still so until this day with several of them now my closest friends.
Another astounding thing happened. All of these doctors found a renewed passion for their practices, their patients and their lives. While finding new joy in treating patients, they all started running their businesses better and reaping more rewards. The average increased in revenue among that group was 18% over the previous year with one 32 year vet increasing by 28%.
So with that as a launching pad, FABI has continued on a similar path, year after year.
FABI has positively impacted literally hundreds of podiatric and medical businesses, thousands of employees and their families and hundreds of thousands of patients.
While FABI has evolved and changed over the years to meet the needs of the industry, the passion that I brought to that first Event in 2014 has not only not changed but actually increased. I can’t think of anything I have done professionally that has given me more joy than what we are doing with FABI and to have people come back year after year and tell me how impactful FABI has been in their lives (often with tears in their eyes) has been nothing short of astounding.
Meet Lowell Weil, Entrepreneur and CEO of Weil Foot & Ankle Institute and Founding Partner of FABI.
Lowell believes “Building a successful medical organization is a careful combination of innovation and stability. We built a renowned multi–office practice using proven business strategies to increase our efficiencies – which leaves more time for real innovation to occur.
Innovation + efficiency = profit.”
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WHO WE ARE
Meet Lowell Weil, Entrepreneur and CEO of Weil Foot & Ankle Institute and Founding Partner of FABI.
Lowell believes “Building a successful medical organization is a careful combination of innovation and stability. We built a renowned multi–office practice using proven business strategies to increase our efficiencies – which leaves more time for real innovation to occur.
Innovation + efficiency = profit.”
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