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Home > Professionals > Reimburse >

Practice Management

Is Private Practice Right for You?
 
  • Have you applied for your provider numbers?
  • In addition to your professional licensure, do you have a business license for your city/county? Does your area require a professional provider license?
  • Where will your office be located? Make sure to take local demographics into consideration.
  • Will your practice be stand-alone or part of a professional practice group? Remember, with an individual practice, you will be the only boss. This means that while you set the rules, you have sole responsibility for the success of your practice.
  • Do you have the capital to start a private practice? Have you submitted your credit applications?
  • What will you call your practice? Will it be clear to potential clients what services you provide?
  • Do you have liability insurance?
 
Establishing a Network of Professional Help
 
  • Start establishing relationships with your vendors.
  • Hire an accountant and a lawyer.
  • Contact physicians, nurses and other health care providers in your area to let them know about your services and credentials, and let them know that you'll work jointly with them to provide the best possible care for their patients.
 
Creating a Business Plan
 
  • Establish a monthly budget and determine your operating expenses.
  • Contact your local equipment supplier to discuss what equipment you'll need and what it will cost. Remember that pre-owned equipment is always an option, and could save you some much-needed money!
  • Talk to your lawyer about your practice name and any advertising to make sure that the name isn't trademarked and that your advertising claims are legally sound.
  • If your budget is tight, consider holding off on hiring office staff until you have built at least a small client base.
 
Finding Prospective Clients
 
  • Advertise! Consider local newspapers and the phone book. Make sure that both your practice name and phone number are easy to remember.
  • Make contact with local primary care physicians and provide them with information on your services and credentials. Practitioners can't recommend you if they don't know you!
  • Consider creating a brochure that would allow someone to determine if they need to see an audiologist, and provide them to physicians, retirement communities and hospitals in your area.
 
Buying/Selling a Practice
 
Coming Soon
 
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