Launching your own medical practice can be a daunting task. For 20 years, MED3000 has helped physicians around the country establish and build their practices. Here are some of our tips for getting your practice off the ground.
It’s no surprise that setting up your medical practice will require a significant financial investment. Planning ahead for these critical expenses before the cash begins to flow will be key to your success.
Once your practice begins seeing patients and receiving payments, set your budgets to anticipate a 30-day lag in cash flow.
If you decide you want to practice independently, without building a practice from scratch, you might consider integrating into an established medical practice.
When you find a practice that shares your goals, integrating can allow you to see patients immediately while leveraging the power of an existing practice.
As a physician and medical practice owner, the work on your plate can be overwhelming. You set out to practice medicine, but you find yourself knee-deep in financial, operational and human resources work. You don’t have to go it alone.
Healthcare provider services like MED3000 can support your business needs while allowing you to remain independent and focus on your patients. You can outsource a la carte, getting support for accounting or coding, or contract for full practice management services.
Have questions for our experts, or want to learn more about how we can help you establish your medical practice? Contact MED3000 today!