The world will still suffer upheaval in the coming years which in turns creates uncertainty for business choices in all business, but especially in private medical practice. Virtual medical practice management in an easy and reliable solution for those practitioners starting out in 2022. Here’s why.
Real Estate
Consulting rooms are aplenty in terms of your choice to purchase. However, the market conditions are uncertain. This makes the commitment to purchase consulting rooms very daunting when you are starting out in private practice.
Equipment
Then there is all the equipment needed. Firstly just to run the administration side of the practice. Software, hardware, phones, printers, copiers, scanners, desks chairs. It adds up very quickly. Then there is the medical examination equipment you need which can involve leasing costs and contracts or outright purchase which is another huge financial commitment.
Staffing
Staffing when you have been in business for a while is challenging enough but when you are just starting out it’s a mindfield. If you are not used to managing staff it will be another hurdle you will need to jump and a steep learning curve. You will need to understand awards, workcover, insurance, relief when staff are sick, performance management and just getting along with staff members. Working out how much staff time your business will need is one thing, but working out how much finances are needed to support the cost of staff is a different factor entirely and puts increased pressure on your starting business.
Reliability
Hand in hand with staffing issues comes reliability on both staff and equipment. What happens if something breaks? Will your business come to a standstill or will you have a backup in place? Losing a day of consulting is a large financial hit to your small business and will take months to recover from financially.
Virtual Practice Management as a Solution
Virtual medical practice management solves all of these issues are you are starting out in practice. Staff are managed by an independent company so there is no headache in that regard. You will be supplied a dedicated practice manager who also has backup to support your business at all times and through all circumstances. The equipment is already in place for medical administration so all you will need to concern yourself with is finding a fitted out consulting suite you can see patients from and luckily there are hundreds to choose from.
Virtual medical practice management provides your patients with a professional point of contact that operates as your own rooms without the cost commitment of real estate, staff or insurance. You can start immediately for minimal cost compared to establishing your own rooms from scratch.
Virtual practice management grows with your business. There is a minimum monthly fee and then is charged as a percentage of gross receipts so your costs are covered through your earnings. Take a look here for more of an explanation about our fees and consider starting your business with our service.