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.
Topics: Business Growth, Operations, Practice Management, Practice Start-Up
The coronavirus pandemic shut down the entire world at various points and for extended periods. Healthcare professionals found themselves struggling to find the best ways to help patients, working in a world where social distancing was necessary and health was a valued commodity. Society, meanwhile, discovered that a work-life balance was a higher priority than it had been given of late and began taking steps to change lives for the better.
Topics: Business Growth, Operations, Compliance, Practice Start-Up, Physician-Patient Relationship
Topics: Marketing, Business Growth, Operations, Practice Management, Patient Volumes, Financial
Today’s world has integrated technology into every aspect of our lives, and medical practices are finding that patients, particularly Millennials and Gen Xers, are prioritizing partnerships where virtual staff integration is commonplace. One example is appointment scheduling: in 2021, a Harris Poll Survey found that 68% of all patients expect to be able to book appointments for well visits or other health concerns online.
Topics: Operations, Practice Management, Technology
Research shows that today’s average medical practice overhead is actually between 60% and 70%.
Overhead is calculated as costs as a percentage of revenue. Basically, this means any and all revenues that don’t go into your pocket.
Topics: Operations, Practice Management, Financial
The need for dedicated, dependable healthcare workers has never been greater, yet the well to tap from has never felt drier.
Topics: Marketing, Business Growth, Operations, HR, Practice Management, Practice Start-Up
The Physician Self-Referral Law, also known as Stark Law, bans physicians from referring patients to “designated health services” payable by health coverage programs such as Medicare or Medicaid with which the physician or an immediate family member has a financial relationship (unless a rare exception applies).
Topics: Operations, Compliance, Liability
As a physician, you play a pivotal role in your community. You and your team are responsible for keeping everyone healthy, and the weight of your daily responsibilities can take a toll on your mental health and well-being. Loss of passion at work, feeling mentally drained, and not feeling like you’re achieving your goals - these (just to name a few) are some of the challenges that physicians just like you can face. These feelings can lead to weariness, and even worse, burnout.
Topics: Business Growth, Operations, Compliance, Practice Management
Much like any business, running a medical practice is a lot of work. To reasonably handle everything it takes to make a medical practice run, day in and day out, there must be a high level of optimization and efficiency.
Topics: Operations, Practice Management, Practice Start-Up
As the internet gains more users who are ready to share their lives by the minute, social platforms are climbing in the number of users and popularity.
Topics: Operations, Compliance, HIPAA, HR
