Challenges you’ll face when starting a private medical practice

August 28, 2020

Despite advantages to private practice, fewer physicians are choosing to open their own practice than ever before.

Flexibility, autonomy in business and professional decisions, and the ability to offer more personalized care are only a handful of the many benefits associated with starting a private medical practice. But despite the evident advantages, fewer physicians are choosing to open their own practice than ever before

What’s behind the massive drop? In addition to the hassle of dealing with insurance companies and navigating changes in the healthcare industry, establishing an independent practice can be both complicated and costly.

While medical school may have trained you to become a doctor, it may not have prepared you for the obstacles involved with starting and successfully running your own business. If you are thinking of embarking on the exciting but complex process of starting your own medical practice, here are 6 startup and operational challenges to prepare for: