Banner
  • Industry News
  • Access and Reimbursement
  • Law & Malpractice
  • Coding & Documentation
  • Practice Management
  • Finance
  • Technology
  • Patient Engagement & Communications
  • Billing & Collections
  • Staffing & Salary

Challenges you’ll face when starting a private medical practice

Article

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:

Related Videos
The fear of inflation and recession
Payment issues on the horizon
Strategies for today's markets
Ike Devji, JD and Anthony Williams discuss wealth management issues
A group of experts discuss eLearning
Ike Devji, JD and Anthony Williams discuss wealth management issues
Erin Jospe, MD, gives expert advice
Matthew Michela gives expert advice
Jeff LeBrun gives expert advice
Stephanie Queen gives expert advice
Related Content
© 2024 MJH Life Sciences

All rights reserved.