Practice Startup – From Employed Hospital Physician to Independent Practice…

Services include:

  • Complete Practice Management and Staffing
  • Short-Term and Long-Term Engagements
  • Staff Management/Human Resources
  • Practice Improvement
  • Compliance Management
  • Benchmarking
  • Practice Startup
  • Practice Marketing
  • Customer Service Training

Transitioning from employment by a hospital to becoming an independent physician involves careful planning and several key steps.

An example of Our Process to help you:

First, we want to understand your motivation for wanting to start an independent practice. Then, “Where do you fit in?” We discuss factors like autonomy, flexibility, financial opportunities, and personal fulfillment. We ensure that you have a clear understanding of your goals and expectations. We review legal and regulatory requirements: Familiarizing you with the laws, regulations, and licensing requirements for practicing medicine independently.

We help you develop a business plan that outlines your vision for your independent practice, including details such as your target patient population, services offered, marketing strategies, financial projections, and operational considerations. Then this business plan will guide your decision-making and help you secure financing if needed.

There are a lot of challenges when it comes to budgeting. We take care of these challenges by creating a budget that accounts for startup costs, ongoing expenses, and a potential period of lower income during the early stages of your independent practice.

We help develop a marketing strategy to attract patients to your independent practice. We help you develop a strong brand identity and highlight your unique value proposition to differentiate yourself from competitors.

We help you develop a practice infrastructure to support your independent practice. This includes securing office space, acquiring medical equipment and supplies, implementing electronic health records (EHR) systems and hiring staff.

Or…you can contract with Independent Physician Services for all of your administrative needs with our full Medical Services Organization (MSO) services.

All of your practice’s needs, turnkey? Let’s do this.