Practice Startup

Practice Startup

Whether you are fresh out of medical school residency, starting up a new medical practice, collaborating on a new group medical practice, or transitioning from an employed physician in a large health system to your own private practice, DoctorsManagement has experts to guide you along the way through the complicated stages of medical practice launch and operations.

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Our Medical Practice Startup Services

Starting a medical practice from the beginning requires organization and management of even the finest details. We can:

  • Perform a feasibility study.
  • Develop a strategic plan.
  • Acquire financing and real estate.
  • Establish and track practice milestones.
  • Select an Electronic Medical Records (EMR) system.
  • Coordinate a practice management system.
  • Designate the role of an office manager.
  • Manage job advertisements.
  • Perform employee background checks.
  • Create employee job descriptions.
  • Provide access to our PowerBuying, connecting you to low-cost suppliers for office and medical equipment.


Finances are crucial for the growth and success of a medical practice. Together, we can:

  • Define the new business structure.
  • Provide expense classification.
  • Manage bank account statements and credit card payments.
  • Manage monthly accounting and management reports.


DM will be responsible for obtaining credentialing and new enrollment services on you and any other billing providers in your practice. Our dedicated specialists will credential and enroll the site and/or provider(s) with your desired insurance carrier(s). DM will also provide you with ongoing status reports so you will know exactly where you are in the credentialing and contracting process.

Credentialing services will include but are not limited to:

  • Preparing initial insurance enrollment forms for insurance carrier(s).
  • Confirming receipt of applications with each payer.
  • Conducting regular follow-ups with the insurance carrier until the application has been processed through the contracting department with an effective date.
  • Providing ongoing status reports.


Our team walks you through what the following will look like for your medical practice:

  • OSHA and HIPAA Compliance Manuals
  • Custom human resource employee manuals
  • Human resource reference manual
  • Laboratory compliance, if applicable
  • OIG Compliance Manual
  • Staff compliance training

A Proven System for Success

Our team has refined the process to help ensure a successful practice startup. Whether you just started or are somewhere in the middle, we can help you in any stage of your startup, including:

  1. Conducting a feasibility study.
  2. Identifying practice and financial objectives.
  3. Determining parameters for facility size and location.
  4. Evaluating and establishing your site location.
  5. Identifying practice and financial objectives.
  6. Assisting with securing financing.
  7. Obtaining credentials and contracts.
  8. Discussing areas such as malpractice insurance, liability insurance coverage, and Medicare and Medicaid reimbursements.
  9. Establishing operations, compliance, and human resources procedures.
  10. Assisting with your marketing plan and patient loyalty development.
  11. Providing a practice management and business plan overview.

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Benefits of Working With Practice Startup Experts

Over the years, we have helped several startups gain footing and become successful. While this can take time, the DoctorsManagement team is committed to partnering with you to see it through.

Reduce Stress

Organizing all the details of a practice can be overwhelming on your own. We will work to better understand the specifics of your practice’s vision and take care of these points so you can focus on the bigger picture.

Access Established Resources

Through our experience, we have accumulated several resources and connections for our clients to access. These networks and resources can jump-start your startup and continue to foster growth.

Achieve Early Profits

Knowing and overseeing the thousands of details required for a successful medical practice startup is not the only key to success. The key is to achieve the tasks in the proper sequence and to know which tasks are prerequisites for others. This helps keep your startup workflow on schedule, avoids costly delays, and prevents you from postponing important decisions that impact profits.

Go From Feasibility to Profitability

You can choose the level of service that provides what you need wherever you are in the process. Our medical practice startup professionals know what needs to be done and how to do it effectively and efficiently. We can even work with you after the initial medical practice startup to help keep you moving into higher levels of professional success. We have helped thousands of physicians in nearly every state across the country and look forward to serving you.

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The Real Cost of a DIY Medical Practice Startup

It is very easy to become tempted by the idea of saving a few dollars with a “do-it-yourself” practice startup. It can be done, however, this often costs physicians tens of thousands of dollars in missed revenue over the first few years of their practice. For example:

  • If you do not get credentialed with the right carriers, it can cause you to miss two additional new patients per day for the first three months, which translates to $300 per day, or up to $6,000 per month of missed revenue.
  • With the right marketing plan, you might bring in three more patients per day for the first two or three years. Without it, you could cost yourself tens or even hundreds of thousands of dollars.

These examples are the price of relying on a standard practice startup checklist. DoctorsManagement is more valuable than a comprehensive list on paper. We are real people with real experiences who enable you to avoid costly mistakes and handle time-consuming tasks. We will help you determine the timing and order in which certain tasks must happen and guide you through the process with our experience setting up medical practices in almost every healthcare specialty.

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Frequently Asked Questions

It is normal for our clients to have several questions or concerns about starting a medical practice. Here are some of our top questions — we are available to provide more information as needed.

Is Private Practice Viable?

The answer is an overwhelming yes — a private practice still works and will work tomorrow! We have the privilege of working together with more than 40,000 healthcare practitioners nationally, including over 800 private medical practices. Many of these physicians are experiencing tremendous success in private practice! Despite this truth, there seems to be a growing narrative that doctors can’t succeed in their own medical practice.

Even if private practice isn’t your thing, you should still pay attention. In negotiations, it’s well-known that you can only reach the point of your next best alternative, so sharing how successful you could be in private practice will serve you well.

More importantly, many of the tools we introduce are transferable to any small business owner structure — hospital, healthcare system, or supergroup. If appropriately implemented, our tools and solutions are designed to enable each healthcare provider to focus on patient care, enabling you to achieve mastery, increasing your autonomy, and making your career more fulfilling.

Speak with a DoctorsManagement representative today to learn more.

Is Medical Practice Acquisition Risky?

Physicians considering the acquisition of a medical practice should not assume it will be “low risk,” as many young doctors incorrectly believe. Nothing could be further from the truth.

You may not consider many additional concerns, such as the current EHR (electronic health record) system, credentialing process, health insurance, medical equipment age, payers, real estate, staffing, and more. We recommend speaking with an expert and completing a thorough analysis to ensure you and your practice partners comprehend the full undertaking. Taking this lightly can lead to feeling trapped with costly, messy surprises.

Things to look out for following purchase are:

  • A large volume of patient loss. The industry average claims a practice will lose 10-20 percent
  • Unplanned repair costs of older equipment
  • Staff turnover is expected
  • High cost of facility improvements
  • Issues with rental properties or leases

Any of these can be devastating financially and emotionally as well. With DoctorsManagement, you will be prepared for practice acquisition, and we will assist in helping you avoid these surprises.

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Talk With a Medical Practice Startup Consultant Today

Learn how our team can help eliminate the headaches of opening a private practice so that you can enjoy the personal and professional satisfaction of this exciting stage of your career. Please contact us today to begin your journey toward a successful future.

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