Starting a Medical Practice
28 articles from the CareerMedicine archive.
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Why Should Physicians Have a Website? and How to Get One !
Technology is changing all around us. So is the way of doing business. More and more people are using internet to find what they want to find or shop. Patients used to search for doctors in the…
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DESIGN A MEDICAL OFFICE SPACE series: Modifying a plan
Once you receive a medical office layout plan designed by your architect for the medical office, it is time to review it yourself and see if all of your major goals are met or not. If not then you…
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Design a Medical Office with us !
One day for those who realize the dream of starting their own medical practice will face the exciting opportunity to design their own medical office space. This is a primer article to kick off a…
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Buying Medical Equipment for your practice: Caution Advised !
If you own or run a medical practice, or plan to do so, one of the most frequent decision you will have to make is whether or not to buy or lease a medical equipment. As the cost of technology is…
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Inter-Physician Marketing- Tips and Techniques
If you are a Primary Care physician, then Inter-Physician Marketing can boost the growth of your medical practice. If you are a specialist, inter-physician marketing is a must for you. Whether you…
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Medical Office Building: Stand Alone or Medical Complex?
If you are planning to be in a private practice of your own, you need to choose an office space. Medical Office space can be leased or bought. I prefer to lease for first few years until things…
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10 Important Tips for Medical Doctors Who Pursue Entrepreneurial Endeavors
The following list of great tips are sent to me by Rock. This is what they teach in the MBAs and MHAs. Rock is a Master of Health Administration student. I am publishing it verbatim (well almost…
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Holidays are here. Jumpstart your PR campaign
Holidays are here again. It is a great time to organize a great PR campaign for your medical practice. Usually sending card out to the doctors in your area is akin to spamming, EXCEPT in the holiday…
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Murky waters of out-sourced medical billing
As a continuation of the previous article, this article will explore the pros and cons of outsourced medical billing for your office vs.. inhouse medical biling. At first I was planning to just write…
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Starting a Medical Practice: Understanding medical billing
We are almost done with setting up the medical practice. Now you have your staff ready , credentialing done , office space , medical insurance contracts, business corporation set up as well as your…
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Starting a medical practice: Getting Hospital Privileges
Many medical insurance companies will require MDs to hold hospital privileges to qualify to be part of their medical network. If you want to do surgical procedures or round at the hospital, hospital…
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Starting a Medical Practice: Understanding Medical Insurance Payers
Before we go into more details of revenue generation in a medical practice, let me introduce you to the payers. The term ‘payers’ is a professional slang used by us doctors referring to the medical…
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Starting a Medical Practice: Credentialing with Insurance Companies
CREDENTIALING according to wikipedia is defined as the administrative process for validating the qualifications of licensed professionals, organizational members or organizations. This is the fun…
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Starting a Medical Practice: Interviewing for the new staff
Once you get enough candidates to apply ( Refer to these articles for how to hire your new medical staff ), the next challenge is to sift through the applications to find out who is best suited staff…
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Starting a Medical Practice: Hiring your first staff PART-2
We will now talk about advertising your medical office job positions effectively, so you can get some good job applicants pool. Here are a few methods to look for suitable job applicants for your…
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Starting a Medical Practice: Hiring your first staff – PART 1
Now you are getting close to opening your doors for business. Your company is formed, medical office vendors are lined up, attorneys and accountants are ready. It is time for you to hire your medical…
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Starting a Medical Practice: How to find medical supplies
One of the best kept secret in the business of medicine is where to find the suppliers of medical supplies? There are lot of companies which cater to medical offices, physicians, hospitals etc. But…
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Starting a Medical Practice: How much loan to ask for?
BUSINESS DIES IF CASH FLOW DRIES: quote by me!!. When you go to a bank to ask for loan for starting your medical practice, what is the usual thought process? There is a tendency to ask for minimum…
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Starting a Medical Practice: to Lease or to Buy the medical office
Now you have funding. Lets start spending it. But carefully! Remember you have to return the OPM after you use it. Should you buy an office space right now or lease a medical office space. If you…
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Starting a Medical Practice: Getting Financed and the secret of OPM
Since cash flow is the lifeline of a business, you cannot start one without it. This is the single most deterrent which stops many physicians from opening their own practice. When you put your money…
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Starting a Medical Practice: Learning Small Business
I was discussing this with a general surgeon yesterday. We both agreed that the biggest deficit physicians have is not ‘how to run a medical practice’ but ‘how to run a small business’. I believe the…
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Starting a Medical Practice: Hiring the henchmen –the attorney and the accountant.
Before you start a practice you will need to get an attorney and an accountant. They both have unique roles in your business and many a times work synergistically. The attorney is responsible for…
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Starting a Medical Practice: Name it right, the first time !
So lets get to the first step. Naming your new medical practice. This is where emotions and trademarks collide. One of the funniest thing to do will be to name the medical practice after your name or…
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Starting a Medical Practice: Bird’s eye view
It has been hard for us doctors to find out information about how to start a medical practice. Well! Not anymore. I will be writing more on how to start a medical practice from scratch. Most of the…
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Starting your own Medical Practice after Residency
If you want to start your own medical practice after residency here are the few options you have to satisfy your entrepreneurial urge: 1) LOCATION: Decide where would you like to practice medicine.…
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Starting a Medical Practice right after residency. Is it Possible?
One of our readers about to graduate emailed me this question. The question is : "Is it possible to start a medical practice right after a residency program? My answer to this question is:…
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Contract Negotiations
Welcome to the world of business. For us physicians, negotiating seems to be trivial, too downgrading a process reserved only for self centered people, selfish enough to ask what they want. WRONG!…
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Partnership in Medicine
PARTNERSHIP TRACK: If you are moving to a physician job opportunity where you may want to stay permanently then partnership track is recommended. You would want to be part-owner of the medical…