Starting a New Practice?

Whether starting out fresh from residency or starting over in an independent practice, a myriad of tasks and important decisions await you. To help you stay on track and get off to a good start on opening day, consider the following steps:

  • Establish relationships with a bank, health care attorney, and health care accountant;
  • Develop a three-year business plan, including setup expenses and operating costs for loan acquisition;
  • Locate medical office space, and design work flow arrangement and/or build out of space;
  • Purchase insurance (professional liability, disability, business, and health), practice management software, medical and office equipment, and telephone systems; and
  • Hire and train qualified personnel on office policies and procedures.

Building a medical practice requires a concerted effort and careful planning. For more information about TMA Practice Consulting's setup services, call (800) 523-8776, or click  here. You can also go online for information on insurance from the  Texas Medical Liability Trust  and the  Texas Medical Association Insurance Trust

Last Updated On

June 23, 2016

Related Content

Practice Consulting