Your Own Practice Will Require Back Tables, Instrument Tables, Surgical Headlights and Other Medical Products
If you have never run a business before, the complexities of setting up everything you need for your own practice will seem extremely daunting. In fact, you might want to reduce the stress of this by hiring a consultant on the matter.
Know right now that if you plan on opening your own practice, you can expect at least six months of preparation before you can open up to the public. In some cases, it could take nine months or even a year.
One of the first things you will want to do, after securing finances of course, is to buy the instrument tables, back tables, surgical headlights and all of the medical supplies and equipment you will need from Coulmed.
It is a good idea to make a comprehensive list of the items you will need. While there are obvious pieces of equipment that you will need, like table pads and positioners, you don't want to forget about the smaller, but just as important, item like restraint straps, hampers and kick buckets.
You Will Need Money
As with any business, you will need an ample amount of money to get things rolling. The cost of your practice depends on several factors including rent, insurance, payroll and enough money for you to live on for several months.
A small primary care practice will need as much as $70,000 to $100,000 a month to survive. Of course, larger practices will need more. You can spend up to $75,000 just on equipment and furniture.
Owning a business means having to make decisions basically every day, even before your business opens to the public.
In addition to deciding where to open your business and who to hire, you need to consider things like billing services, an accountant and even an after-hours answering service.
Insurance is one of those things that you need, but you hate dealing with. We get it, but it is all part of owning your own practice.
In addition to malpractice insurance, you will need workers’ compensation insurance, which can cost as much as $2,000 a year for a staff of three. And then you need to look into business liability insurance, which will cost you several hundred a year. You may need to consult with an expert to see what over coverages you should have.
Hire a Staff
Whether you are going to staff three people or 30 people, you need to find the right folks for the jobs you have open. Remember, the quality of your staff is key to the success of your practice. While you might be the most pleasant person in the world, if your receptionist isn't, your patients might opt to go somewhere else.
Patients aren't just going to show up on your doorstep, you are going to have to get the word out that you have a new practice. If you aren't web savvy, consider hiring a marketing firm. You can also do paid ads in printed material like magazines and newspapers.
Get started by ordering the medical products you need at Coulmed.