Medical Practice Start-Up Planning/Consulting Services
Whether a new physician is venturing into private medical practice or transitioning from an established practice to begin his or her own medical group, practice start-up involves a multitude of factors and considerations. Even with a detailed checklist and realistic goals, it’s nearly impossible to anticipate the obstacles a start-up practice might face. Therefore, to effectively launch a new medical practice with confidence, it is wise to seek the planning and consulting services of a seasoned expert.
Planning and Preparation is Key
To best support a new provider or new medical practice, precise planning and preparation are key. This includes determining capital, operating budgets and projected cash flow, revenue and expenses. Creating a business plan summary is equally important, as this will be submitted (along with financial statements) to a bank as part of a loan request. Moreover, initial plans for staffing, salary, compliance manuals and the completion of managed care applications are important. Even so, other developmental considerations include software and technology, contracts, fee schedules, coding, marketing and more.
Whybrew Medical Management offers comprehensive knowledge, expertise and advisory services for new providers starting a medical practice, as well as for those preparing for a merger. From customization needs to business plans and financial projections, we structure strategies to suit the unique needs and vision of a medical practice while creating solutions that will provide long-term, sustainable health.
We also provide focused guidance for the following areas:
- Business Marketing
- Insurance Carriers
- Practice Selection and Design
- Equipment Needs
To get started, simply contact Whybrew Medical Management today.