The most pertinent question faced by doctors when they are about to start their careers is whether to work in a hospital or to set up a medical practise of their own.
If you choose the latter, these are the things you ought to know before taking the plunge-
Covering All Expenses
Setting up a practise involves leasing/purchasing space, purchasing equipment/instruments, hiring staff, marketing and some working capital. If you do not have your own funds, you can easily avail a Doctor Loan from a reputed bank/NBFC.
Necessary registrations with health and municipal authorities, permission for land purchase/construction from the local legal body along with occupation certificate and permissions for water and electricity are required to set up a new clinic.
To set up a successful practise, you should hire nurses and pharmacists with the requisite credentials, following all state rules.
Improve your network and promote your practise with all specialization details through the right channels like print and digital ads to attract patients.
In order to provide the best diagnostic services, you should consider leveraging available technology along with the traditional methods. This will improve medical outcomes, patient management, and overall diagnoses.
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Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.