Startup Costs 4 Private Practice

[JohnnyOU]

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Has anyone researched this or know where this info might be located?

I'm interested in startup costs and annual expenses involved in having a small private family practice in a rural town or suburb (GP/OBGYN). It would be in Oklahoma if I decided to go this route, but I would appreciate info about any region.

I know there are countless factors, but any ballpark info is helpful.

Thank you,
Johnny

 

[OnMyWayThere]

Has anyone researched this or know where this info might be located?

I'm interested in startup costs and annual expenses involved in having a small private family practice in a rural town or suburb (GP/OBGYN). It would be in Oklahoma if I decided to go this route, but I would appreciate info about any region.

I know there are countless factors, but any ballpark info is helpful.

Thank you,
Johnny

You're better off posting in the Osteopathic/Allo forum or better yet in the Family Pratice forum...

 

[docbill]

You're better off posting in the Osteopathic/Allo forum or better yet in the Family Pratice forum...

I agree. Post in osteopathic forum or Allopathic.

But in a rural area or none rural, I am guessing a young physician/new grad can join a pre-existing physicians office (maybe one retiring/or one setting up shop). Or just lease/rent/buy an office and set up shop solo. I am guessing each state and city has different rules on bus. lic.

 

[f_w]

There are consultants making good money advising people on this and other startup issues.
Nobody will be able to give you a good 'number'. There are so many issues that go into this question including
- real-estate buy or lease
- equipment buy or lease
- staff expenses (are you married to a nurse you can use to hold your staffing cost down the first year or two)
- expenses to get on the roster of managed care plans
- practice IT. EMR/electronic billing (in-house/purchased service)

http://www.aafp.org/x19729.xml

You might not want to start a practice fresh out of residency. A relative of mine has worked for another FP practice for 4 years before he now opened up his own shop. There are so many things you don't learn in medschool or residency, with a couple of years of experience you can avoid potentially costly mistakes.

 

[f_w]

There are consultants making good money advising people on this and other startup issues.

Nobody here will be able to give you a good 'number'. There are so many issues that go into this question including
- real-estate buy or lease
- equipment buy or lease
- staff expenses (are you married to a nurse you can use to hold your staffing cost down the first year or two)
- expenses to get on the roster of managed care plans
- practice IT. EMR/electronic billing (in-house/purchased service)

http://www.aafp.org/x19729.xml

You might not want to start a practice fresh out of residency. A relative of mine has worked for another FP practice for 4 years before he now opened up his own shop. There are so many things you don't learn in medschool or residency, with a couple of years of experience you can avoid potentially costly mistakes.