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Step 1 – Have the “Spirit of the particular Entrepreneur” The “Spirit associated with the Entrepreneur” is inborn and constant. It is usually not a characteristic that will one can learn, create and strengthen as time passes. This is not dynamic plus therefore doesn’t change. A person either have got it or even you don’t. Sarah Touch, in “Entrepreneur”, described this most aptly. One having an entrepreneurial spirit is usually passionate, positive, and adaptable, committed, and is a head. If that describes a person, continue reading and enjoy the particular steps to start out a practice.
Step 2 – Prove Financial Viability Armed with the “Spirit of the Entrepreneur” and hand in hand in order to decide whether or not you should start your own medical practice, you must first gather the appropriate information to demonstrate financial viability. Providing quality patient care is key, but realistically it can’t be done while digging a financial hole. Digging a financial hole is a show-stopper.
Step 3 – Credentialing: Create a Business Entity, Find an Office Space, Phone/Fax, Credentialing Application What does credentialing have to do with all these things? Everything for your practice management coaching. You can’t even apply to be credentialed with the carriers unless you have an EIN (Employer ID Number) and name, a physical address, and a phone/fax number. So as soon as you’ve conquered Steps 1 & 2, start thinking credentialing.
Step 4 – Workspace and Clinical Workflow Design The number of total clinicians and staff as well as any plans for growth must be factored into the office design. In order to create an efficient office workflow, make sure you have a grasp on all the equipment you’ll need in your practice so you can plan accordingly. If the office is designed to facilitate easy flow, your patients and staff will benefit. Think about the timeline of a patient visit and work through the needs of each staff member that sees that patient throughout the course of their visit.
Step 5 – Electronic Health Record Research & Selection Although “Electronic Health Record” is no longer an unusual term or concept, the decision as to which EHR you will use in your practice continues to be a complex one. It is as necessary as it is complex and expertise in what is going on locally and nationally in this arena is required for effective decision making.
Step 6 – Research & Selection of Revenue Cycle Management System Whether you’re looking to perform all billing functions in-house, or outsource your billing, we have services that fit your needs. We can design billing procedures and protocol for your practice as well as help you find the perfect billing employee. We can help you find the right billing software, work with your staff to implement billing protocol, and set your fees.