Studying to be a doctor may have seemed challenging, but starting a successful medical practice is equally daunting, especially if you don’t have the right business partners.
There are so many elements in the start-up phase of a physician practice that it’s almost nearly impossible to do it by yourself.
Everything from defining your practice mission, business structure, credentialing and billing, to determining the staffing strategy, choosing an RCM partner, installing the IT infrastructure, and developing a marketing plan, requires an extreme degree of clarity, awareness, and forward-thinking.
Today, Michelle and I discuss how all these facets are correlated and ultimately impact how long it takes to establish a successful practice.
For more tips on improving the business of medicine, register for my FREE webinar teaching you how to ‘ Transform Your Medical Practice’ every Friday at 4 p.m.