General Rule: Always add a few weeks extra when general contractors tell you when you're buildout will be complete.
I've been practicing at a private practice $400 a day, for the last 3 months. Although he offered me a full time position, I declined. I've learned quite a few things from the seniordoc. He has an impeccable reputation with patients, and a devotedly loyal staff (unlike my previous employer), and his office grosses around $1.1 million on 4 days a week! I'll have to post more on his management techniques and what he does different.
Along with this, I took a one year lease at Wal-Mart, 2 days a week to "prep" me. I plan on testing out my exam forms, systems, patient flow and figure out how to verify/bill medical insurance before the private practice is open. I've been averaging about $400 day net profit there also.
So far I've:
- Hired two employees. Lesson Learned: How to handle W-4's and do payroll www.paycycle.com
- Averaged ~10 patients a day (in 3 months). Lesson Learned: How to manage a front desk, schedule appointments, learn what patients commonly ask, learn how patients treat the front desk, maximize appointments. I will make sure in my private practice that when every patient checks out that we ask "Does anyone else in the family need an appointment?" and I always ask patients to refer friends and family to me at the end of an exam: it works!!!
- Become a medical provider (BC/BS). Lesson Learned: How to verify and file insurance. I use Availity.com to verify a patients insurance benefits, and to submit claims. The system is confusing and redundant, so I got on the phone and had Availity walk me through it.
