Starting your own business doesn’t have to be a daunting task for physicians wanting to go solo. With the right planning, guidance, and resources, it is possible to start a new practice, either from training or leaving a Foundation/Hospital/Single or Multi-specialty group.
In this business services webinar, ACap’s Ara Oghoorian is joined by practice management consultant, Debra Phairas of Practice & Liability Consultants, LLC to discuss the process of setting up a new physician private-practice for success. Find out what tips and tools you need in order to start your own practice, including how to structure and organize your business properly.
What You Will Learn:
- Assessing demand for your specialty in your target area
- Insurance credentialing, HMO, PPO, IPA – how long it takes
- Choosing a location with the right amount of space for your specialty
- Staff leasing or being the employer – pros and cons
- Operations policies and procedures – why?
- Key Financial and accounts receivable ratios you must know
- In-sourcing or Out Sourcing billing?
- Setting accounting controls to avoid embezzlement
- Personnel and HR essentials
- Marketing, website, branding your practice
We can help with setting up your business. Contact us and schedule a free consultation today!
