Starting a practice

[caliking87]

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I have read through many past posts on here about starting a practice. The most helpful of which was Feli’s detailed cost breakdown.
I got into podiatry for the private practice aspect, office visits and simple surgeries (1st ray, soft tissue) I’ve never liked the hospital setting. My main concerns with opening are closed insurance panels. The area I’d hope to open is very geriatric with roughly 30% of insured people insured through Medicare. Everyone always says private practice is dead, I hear about reimbursement cuts all the time. Is solo owner private practice doing routine podiatry still viable?

 

[podwho]

Yes. You won't be making a ton of money but if you build it up you can be on autopilot making 200-300 working 9-5. Thats a pretty good quality of life.

If thats something you can accept then yes its "viable". Join an IPA to get on insurances. Market a lot. Expect it to take 1-3 yrs for a full schedule depending on location/demand. Nothing however can make up for being a good doctor. If you suck..well good luck.

 

[Weirdy]

You could also be the guys down the street from me billing 11305 to circumvent non covered routine footcare and cutting on people who shouldn't be cut on.

That way they end up coming to me for 2nd opinions and FMLA paperwork and then disappear.

Business management.