Starting a new practice
Establishing a new practice or re-invigorating an existing one can be a daunting task. Here are some useful perspectives.
There are so many decisions to make, not only around equipment and the presentation of the practice, but also timescales to plan. Then there are all of the equipment suppliers and contractors and trades to instruct, coordinate and manage. There are regulatory conditions to meet and the logistics of paying everyone on time.
In the past this Herculean task has been left to the busy practice owner or practice manager to project manage. Many Medico’s, whose skills are in their chosen field, under-estimate the amount of TIME this can take and are often surprised when mistakes are made, opening deadlines are missed and costs blow out.
Seek Expert Advice
Healthcare Financial Strategies has years of experience of helping clients establish new practices.
Key to our offering is a Tailored Finance and Banking package. These are agreed with your accountant so as to ensure correct corporate ownership entities and borrowing facilities are in place. Our goal is to provide you with everything you need so you can open your practice with confidence.
Our expertise and networks mean that we only work with trusted specialists covering almost every profession required in a build.
We are the central hub of an inter-connected network, where we work together to ensure the practice is up and running on time and on budget. Things work best when a team is motivated by every client’s future prosperity and success.
This includes acting as your “quasi CFO” controlling who is paid and when. Specific areas of expertise include:-
- Healthcare Finance and Banking Structures
- Healthcare Accounting & Business Structuring
- Equipment Suppliers
- Fit-out & Design Services
- Healthcare Marketing
- Practice Management
- Website Design & Maximisation
- Financial Planning & SMSF Advice
- Life & Personal Insurance
- Asset Insurance
- New Car Buying Service
- Legal Services
Clients may choose to instruct their own experts if they have them. Remembering things work best when a team works cohesively towards a common goal and specified outcomes, budgets and timescales.
If you are considering setting up a new practice, we would love to hear from you to understand how we can help you best!