While many new medical graduates prefer working for a hospital or firm, others would rather be more independent. Starting a primary health care clinic is a great idea, because it offers a ton of flexibility, independence and plenty of room to grow.
If you are considering going this route, you will need to start by doing research on the topic. The initial startup could be tough, but with the proper tools and information, you will make your dream a reality. The initial startup could be challenging, but you will make your dream a reality with the proper tools and information. If you need financing to start a medical practice, check out Kapitus to get more information about their products and services. Below, we share some tips for starting a primary health care clinic.
Buy an Established Clinic
Instead of starting from scratch, you could invest in an established clinic. Many physicians that are ready to step into retirement will put their business on the market.
This is a great option for new medical graduates who have yet to establish their name and reputation. When you buy the established clinic, you will receive all the former physician’s patient information and staff.
If you decide to go this route, you should consider working at the primary health care clinic for at least 6 months, so you can get to know the patients and staff better. Then, if you do decide to make a transition it will not be such a shock for everyone involved.
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Hire an Attorney
Hire an attorney who specializes in medical laws. Your attorney will help you ensure that you do not become a victim of a medical malpractice lawsuit. If you are named as a defendant in such a lawsuit, your attorney will be there to protect your best interests.
Acquire the Proper Credentials
Before you run out and start a private health care clinic all on your own, you’ll need your credentials. It can take several months to go through the credentialing process, so be sure to get started with this right away. Once you have the proper credentials, you will be able to accept private or government health insurance from your patients.
In order to speed up this process, you want to have on hand the proof and level of your education, your licenses, and proof of malpractice insurance.
While not all states require proof of malpractice insurance, it is still a good resource to have available. Acquire this insurance to protect yourself against certain types of lawsuits that are common in the world of medicine.
Get Acquainted with Insurance Providers
You are also going to have to figure out which insurance providers you will accept through your practice. To do this, thoroughly research your area and learn about the local insurance providers where you are. Once you have done this you can contact each provider individually and negotiate contracts with each one.
Additionally, you might want to consider working with medical billing services, as well as enrolling in a Medicare coverage program. This is especially true if you are going to locate your clinic in a medium- to low-income area.