5 Things a Private Medical Practice Needs
Those who have a medical license can do all kinds of things with it. You can work for a hospital or a free clinic. You can work in prisons helping inmates, or you can work for a pharmaceutical company developing new medications.
You can also open up a private practice. Some doctors prefer this because, in that scenario, you are your own boss. You won't chafe underneath a hospital administrator with whom you might not get along.
If you do plan to open a private practice, there are a few things you'll need. Let's go over some of them.
Medical Billing Solutions
Medical billing solutions are useful for several reasons. Insurance provider communications are one reason to look into them.
If you get some medical billing software, you can use it to communicate with the various insurance providers that your patients have that you're willing to accept. You can find out a claim status, and if the insurance provider has rejected it for some reason, you can find out why.
You can also use the software to print out bills and send them to patients. If they would prefer to pay through an online portal, they can do that as well.
If you get medical billing software, you can also have access to the company's IT department. They can help you out if you have any questions or if any software aspect does not work the way you thought it would.
A Brick-and-Mortar Location
You'll also need to find a suitable brick-and-mortar location. It should have a waiting room, several examination rooms, and a sectioned-off area for your receptionist and other staff.
The location will matter a great deal, as it does with any business endeavor. You'll want to find a building you can buy or lease that most of your patients will find convenient. If it is too far out of the way, they might go with another doctor based on that reason alone.
It might help to have other medical offices around, provided they do not compete with yours. It doesn't make sense to have a medical facility surrounded by restaurants or some other business variety. As long as the other medical professionals have different specialties than yours, it can benefit you to have them around.
A Competent Office Staff
You'll also need an office staff that can handle every aspect of the business which you cannot. That will likely include at least one receptionist or administrative assistant, or perhaps more than one if you have a large, busy practice.
You'll also want nurses, preferably ones who have people skills. Most individuals don't like going to the doctor's office.
All of your staff should be kind and capable, as well as patient. However, they should also be unquestionably in charge. If any patient gets belligerent, the staff should be able to handle that gracefully but firmly.
An App
You will also want to have an office application. You might have a bespoke one, or you might use a ready-made option.
You may want a proprietary app if you need some features that you don't believe a ready-made one will cover. If the app doesn't need any unusual features, you can use one that a software designer already created. This is usually cheaper than if you decide to get one custom-made.
The app should allow patients to ask for prescription refills. It should enable them to communicate with you face-to-face if they have an immunocompromised condition and don't want to come into the office.
It should also have security features that will allow your patients to use it without needing to worry about anyone unauthorized seeing their sensitive medical information.
Prescription Distribution Capabilities
Prescription distribution capabilities are one more thing that you should at least consider. Many private medical practices are starting to feature it these days because it is one more potential revenue stream. You might want to add it because it will prop up your bottom line.
You can go into business with a medication distribution company, and you can give your patients their medication right there in your office. They can pay you for it, and you can bill their insurance. It's convenient for them since they don't need to bother driving to Walgreen's, Rite Aid, or wherever else it is that they go.
One thing you should do if you go this route is to ensure you have excellent security measures, particularly if you store opioids on the premises.
Jan 21, 2021 04:11 PM EST