UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: zipper103 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59  
Subject: Re: Starting a new practice Date: 7/26/2006 9:02 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
You might want to post this over at the Physicians and HC Professionals Board:

http://boards.fool.com/messages.asp?mid=24362761&bid=115367

What are the main factors to consider about 1 year out from the opening of a new practice?

A lot of the same questions anyone would have when starting a new business. Do you have business plan? Why don't you take a look at Starting Your Business from CCH's Business Owner's Toolkit:

http://www.toolkit.cch.com/text/P01_0000.asp

What is going to be the hardest part(s) of the next year?

Dealing with referring physicians, patients and insurance company garbage.

There is only one hospital in town. Can the group exert pressure on my creditialing there? If so, how do I fight back?

They can do whatever they want - whether or not it's legal is a different question. However, think of it from the hospital's point of view - one more surgeon = lots more revenue. I don't think you'll have too many problems getting privileges; however getting the OR time that you want or getting any special equipment you'll have to fight the other urologists in town for it. Any they, as a group, bring in a lot more revenue for the hospital than you will be able to alone. Therefore, they will be favored in the eyes of the hospital.

Also, many hospitals now have their own insurance. The urologists in town may have signed an exclusive contract with the hospital. If so, things will be even harder.

I'd do a lot of research before I hung my shingle.

Good luck,
zip

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement