A new medical practice
Our expertise in billing helps our clients avoid many start-up glitches. Plus, with smart automations for many of your billing processes, we can help you run a good business with minimal staff from day one.
ebook: How to open a private medical practice
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Location is key
It is advisable to select a location that is highly visible and heavy trafficked. You will get patients just by being visible.
Having good staff is essential
Patients will “chose you or lose you” just based on who you hire. Start with just one employee to answer the phone and add more as you get busier.
Get a good accountant
Business taxes are very confusing and not all accountants know the nuances of medical practices.
Hire a good attorney as well
As a business owner, you will be entering into many contracts, from leases to sub-contracting. It is always wise to have an attorney review your contracts
Get A-rated malpractice insurance
This is not something to skimp on. Occurrence is better but more expensive. Also keep in mind that malpractice insurance is in effect only while you are paying for the premium.
Know the rules
Be an expert in coding and billing. You are responsible for any mistakes. And go through your accounts receivable on at least a monthly basis.
Never write off patient co-payments
Make adjustments for financial hardships. And this should happen rarely.
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