Launching a solo practice? Here are 6 starting points

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From creating a business plan to launching a website, The Inscriber Magazine on Oct. 16 shared six guidelines for physicians dreaming of opening and running their own healthcare practices.

Six starting points:

1. Create a comprehensive business plan that includes income and expense projections, competitor analyses and a defined target market.

2. With a business plan in hand, secure funding from a business partner, other physicians or a financial institution.

3. Consider market density and target populations when selecting a location for your practice.

4. Invest in equipment and talent.

5. Determine whether to outsource medical billing or handle it in house. Conduct extensive research and consider acquiring a lawyer, especially if choosing not to outsource.

6. Establish an easy-to-navigate website and digitally market the practice.

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