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.
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, all revenues that don’t go into your pocket.
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.
Physician practice management companies (PPMCs) are sometimes also referred to as management services organizations (MSOs). They provide non-clinical business administration services to private practices. These services include but are not limited to: