Let me start by reminding you I am not an accountant or lawyer. I want to give you my suggestions of how to set up the private medical practice’s financial parts when opening your practice. Y...
This is going to be a short post as I really only want to make one main point. When you’re getting started resist the urge to buy any piece of equipment new. You need to manage your available cash and not max out your credit getting set up....
All physicians know the adage “See one, do one, teach one” from medical school and residency training. Typically it’s used in reference to some procedure we need to master, like starting an arterial line or putting in a chest tube, etc. While it over simplifies the learning process...
It’s all about “outcomes” these days. I’m referring to all the initiatives to measure and compare the clinical care we provide against the results. Much of medicine can be measured with datapoints, but because medicine is as much an art as a science, in my opinion, these new ...
You’ve picked a name for your private practice, you’ve become incorporated and now you need to find the office space that will soon become your home away from home. I’ve gone through this process a few times, finding my first private practice office then moving and adding offices, ...
Deciding your new practice’s name is an important task, and one you need to accomplish as one of your first practice start-up steps. I found the job surprisingly difficult. I’ve started two practices in my life and my first one was eponymous, with a “P.C.” tacked on the end. ...
Start Your Own Medical Practice by Judge William Huss and Marlene M. Coleman is a concise, straight-forward read that provides a good overview for a doctor beginning to plan a new private practice. It can be read in one or two sittings, and provides links to many other useful resources. The authors ...
Every doctor in private practice knows how important their Practice Manager is to the overall business vitality of their medical practice, but I’d argue that maybe the next most important person you hire is your receptionist. Your patients may love you but if they are not warmly and profession...
All we hear these days about marketing and advertising our practice is about the internet, Google and other search engines, even new a unproven (from a medical advertising point-of-view) tools like Twitter. I heard radio commentary the other day stating that the phone book will stop being printed in...
