Choosing & securing a location for your private medical practice should be done early in the practice startup process. Other steps in the process will rely on you already having a location picked out.
If you’re looking to start a medical practice in Texas, you may be wondering “How the heck do I do this on my own?” or “Where do I start?”
We provide this exact guidance for clients every day. Like any major project, the key is to divide and conquer.
Here’s our working checklist for starting a medical practice in Texas, in no particular order of importance.
How do you get more patients into your practice? The answer certainly isn’t “by spending most of your time handling medical records and billing.”
A study from the Annals of Internal Medicine found that some physicians spend as little as 27% of their time with patients during the day.
Research shows that physicians are spending so much time doing paperwork and administrative tasks that they’re losing out on valuable time with patients.
The majority of U.S. physicians practice primary care, and are a small private practice owner, partner, or associate.
As you're probably aware, the market is highly saturated. Patients have their pick of private practices. How do you make yours stand out to get more patients and increase revenue? Here are 5 tips.
According to AHRQ,
A clinician who works 230 workdays in a year and sees 24 patients a day has a “supply” of 5,520 slots a year (230 workdays x 24 patients/day).
Patients average 3.19 visits to the clinician a year.
This clinician could care for a panel of 1,730 average patients in a year (5,520 ÷ 3.19).
Medicine is not an easy path. It means long hours, inhuman amounts of stress, and taking huge risks. Because of these risks and stresses, it also means you take pride in running your independent private practice.