As a medical practitioner myself, I can totally relate to the idea of starting up a personal medical office. It’s a dream that stays flourished in the mind of a doctor. He wants to achieve this goal as a reward of all the years of tireless efforts and struggles in the hospitals he worked for others.
Starting a personal and private practice clinic is considered as one of the challenging ventures in the field of healthcare. Those who are related to the field will agree with the fact that it is one of the most difficult endeavors in the field. A physician or a surgeon finds it as a reward to his hard work and accomplishments for the whole of his life.
As a doctor, one finds an utmost satisfaction in treating the patients, making decisions for their management and delivering a better healthcare system to the people around them. But, doing the same in the personal clinic gives a sense of achievement which can’t be compared to any other blessings in the world.
Starting a medical office and its challenges
In spite of all the perks and privileges of private medical practice, one cannot deny the fact that it is one of the most difficult ventures and requires a lot of energy and resources in mere the beginning of a medical office. There is quite a number of obstacles and hurdles that can come in the way of establishing a good medical office.
One has to face some hardships and challenges before finally getting an office of personal space. We cannot deny the fact that starting up a clinic is equivalent to establishing a small business. This means that setting up a clinic is a subject to the same requirements and statistics as required for setting up a small business. A high budget is one of them.
Medical office startup cost template
Doctors need to plan really well before the commencement of actual plan so that the chances of success are higher. Startup cost management is one of the first and foremost steps in establishing a new clinic.
The total cost of the startup business must be kept in mind and a good plan in the form of a written scenario must be formulated. This helps in the proper management of budget which is utilized well in time and is never wasted.
A startup cost template can be used as a reference or an example which can tell what to do with the available budget a doctor has set for his new medical office.
Creating a pro forma before actually starting the expenses is a wise decision. A startup cost template includes;
- The total budget available for the setup
- An estimated budget for the construction and establishment of the building
- Budget for purchasing the equipment necessary for the clinic
- Budget for furniture and office necessities
- Some budget is set for the purpose of advertising
- Budget on insurance
- Budget for meals and supplies on a daily basis