Three Important Considerations for Private Practice

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Although there is strong evidence that more doctors are leaving private practice, some health professionals prefer having their own private practice. Many doctors prefer the autonomy that comes with running their own clinic. You can set your own hours and make decisions about how business is conducted; however, you are also responsible for administering day-to-day operations. Here are some important considerations for having your own clinic.

Staffing Matters

When you have your own practice or share one with other doctors, you are responsible for the hiring and firing. The courteousness and bedside manner of your staff has greater implications on your professional reputation and that of your clinic. When you’re employed by a hospital, you are chiefly responsible for your patients only. As a private practice owner, you have to make sure that you’re employing people who are qualified and represent your business properly.

Maintaining the Personal Touch

Many patients prefer the more intimate atmosphere and setting of a privately owned clinic to that of a hospital. You should recognize that the personal approach is a big part of your brand. As your business expands, it’s important to maintain that personal touch to your client base. Your patients want to feel that they have a close connection with their doctors who are genuinely invested in their health and well-being.

Business Tools

Having the right business tools is critical to staying on top of accounting, coding and billing. Maintaining patient records and medical info is of the utmost importance when managing a practice. Staff should be able to access accurate medical history is to offer care. Being able to correctly apply the proper codes for medical procedures and supplies affects your bottom line. Chargemaster software, for example, can help you stay on top of coding and billing.

Running your own medical practice comes with certain freedoms and additional responsibilities at the same time. Being your own boss can be both personally and professionally rewarding. While there’s an expectation that every licensed doctor takes care of patients, running a clinic requires additional diligence.

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