While offering Botox or IV hydration on the side of your clinic job might seem like a great way to earn extra income and ease out of full-time patient care, many new clinicians get discouraged before ever launching.
The amount of research required to begin offering a new mobile or brick-and-mortar clinic is too overwhelming for many clinicians, who are already juggling demanding jobs, burnout and work/life balance. ClinAdvize owners Morgan Lasack and Martha Tyler have seen many ambitious clinician entrepreneurs give up their dream of opening a business after wasting time and money trying. The two business partners opened their own consulting business to help clinicians shorten the runway to launching a new practice.Β
βThe ultimate question is, how fast do you want to do this? Because if you want to get this up and running with little frustration, then you need some help. Otherwise, it will take time, and youβll learn as you go,β says Tyler.Β
Choosing the right vendors is the bulk of the upfront work to launch your new practice. The process requires months of research and software demos, say Lasack and Tyler, who do that work for their clients. The two share tips to support new clinicians through the initial steps required to partner with the right vendors and launch a new business.Β
What vendors do you need to launch your new clinic
Whether you plan to provide weight loss treatment, IV hydration or med spa services, creating a business plan is the first step to launching your new clinic. This will help you determine what vendors you need to support your business.
The vendors you need depend on several factors. βIt would be nice if you could purchase a simple business in a box, but there are so many variables that itβs never one size fits all,β says Lasack.
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Following are questions to ask that can help you determine what vendors you need:
- Service(s):Β
What types of services do you plan to offer? For example, offering IV hydration or aesthetics services will influence your choice of supplies and medical directors.
What types of products do you need to offer your services?
- Location:Β
What are your stateβs compliance laws, licensing standards,Β malpractice insuranceΒ and corporate practice of medicine (CPOM) requirements?
- License:Β Β
Depending on your stateβs licensing requirements, what kind of partnership do you need with a medical director or collaborating doctor?
- Business model:
Do you plan to have a brick-and-mortar location, a mobile clinic, or a hybrid? Will you be a solo provider, or do you hope to eventually have employees?
- Administrative preferences:
Β Do you plan to do everything yourself or outsource some tasks, such as making appointments, bookkeeping and marketing?
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- Technology setup:Β
What email domain, cloud storage, scheduling software, and possibly marketing tools are best for your business?Β
Deciding on your technology stack early can help you save time and frustration.
- Insurance needs:Β
Do you need medical malpractice insurance for yourself or your staff?Β Do you need cyber insurance?Β Do you need a business ownerβs policy?Β Do you have employees who need health insurance or workersβ comp?
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The answers to these questions can help you identify the right vendors to launch your clinic.
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βWhen youβre starting a clinic, running a business may not be your specialty. Youβre not expected to know everything, so find someone whoβs collected the best practices from clinicians and has experience working with vendors,β says Lasack.
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Finish reading the blog here for more tips to consider when launching your clinic.
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Schedule Your FREE Consultation with an Advisor
Whether its an IV Hydration, MedSpa, Mental Health, Primary Care, Urgent Care, or Weight Loss clinic - ClinAdvize can help.
Similarly, if you're ready to finally start working on your small business dream side hustle or need support with your existing clinic, don't forget to schedule your FREE consultation. Our advisors are ready to help you take action and start implementing a plan today!
Schedule yourΒ FREE appointment here to learn more about what you can gain with our services.
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