Practice Setup can increase your odds for success

By | Blog

COST VS REWARD OF OPENING A MEDICAL PRIVATE PRACTICE Although considered one of the most challenging endeavors in the health care field, starting a medical private practice is also viewed as one of the most rewarding accomplishments for a physician or medical professional. The ability to make decisions and provide treatment that directly influences the quality and standards of care delivered to a patient is often a coveted career choice for clinicians. However, private practice comes with a multitude of obstacles to overcome, hardships, start-up costs to pay, and common mistakes to avoid. Starting a medical practice is similar to launching any other small business, and is subject to the same statistics as any other newly-established business venture. According to the U.S. Small Business Administration, roughly 50 percent of new businesses fold within five years. Physicians, who plan well, secure proper funding and remain flexible in the ever-changing climate of healthcare, face a better overall chance of achieving private practice success. Contact Practice Setup today!