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Starting a medical practice may not be too different than starting any other business, but there is one area that will require extensive knowledge and that is the use of medical terms. Even if you are only working the business end you will come across many medical terms and must know what these terms mean. More»
Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. More»
Starting a medical practice is often the culmination of many years of hard work, study and the paying of the proverbial dues. Once you've gained experience by working in a hospital or for other doctors, you may be considering this as your logical next step as well. Before you hang out your shingle and start taking appointments, you may want to ask yourself a few basic questions.
For instance, which companies are the most fair with doctors when it comes to inclusion in a provider network? How much do you need to earn each month to keep your clinic in the black and still maintain your student loan payments and malpractice insurance? How much malpractice insurance do you need to carry?
All of these questions and more can be answered when you hire a professional consultant who has experience in helping young doctors set up their first practices. To find out how a consultant can help you when starting a medical practice, please feel free to visit any of the resources on the left side of this page. Business.com has dedicated itself to providing you with the information you need to run every aspect of your business, from advertising and marketing to purchasing equipment and supplies.