It’s no small thing to start a business. But even more so starting a healthcare business. It’s no surprise to anyone that getting a healthcare practice up and running from the ground up takes so much time, effort, and dedication. Starting the process of getting started with any business can be a difficult process, but it doesn’t have to be. If you break it down into sections that are more manageable, the process can seem much less daunting and complicated.
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Here are 5 things to do to get your healthcare practice up and running; get your medical license, stabilize who will take care of finances, take care of credentialing, professional corporation set-up, and select your electronic health record.
It may seem that it goes without saying, but there are definitely medical practices out there that, believe it or not, may not have the correct medical licenses. That is a must in order to be legitimate, professional and legal. First you must graduate from an approved undergraduate program to then get you into medical school, pass the USMLE or COMPLEX-USA, begin a post-graduate training program, ace the board exams, choose a state to apply for licensure, submit an application and all required documents, pay the fees, and lastly seek board certifications.
Financing is going to be a huge part of making sure your business stays in good-standing with the law. A healthcare accounting professional is an accountant for doctors. They are trained specifically in the medical accounting world and have much more knowhow than a regular accountant. Having a healthcare accountant allows for you to be able to prioritize what’s really important in your day-to-day practice.
You’ll need an NPI (National Provider Identifier) number to be able to submit bills to other agencies and insurers. Some of this processing can take months, so it’s crucial to get this process going as quickly as possible and is also a major priority.
An organization can only be maintained by establishing and maintaining a professional corporation. There are rules when it comes to setting these things up and it is required to be overseen by a professional. That is something that must be done by following certain guidelines and protocols. It also varies from state to state so it is crucial to get clear and precise information to your professional to be able to get clear and precise results.
Your Electronic Health Record (EHR) is the way that patient records are digitized. It really is the only way to go nowadays. This will be your go-to place for all your information about your patients records that will include; lab results, medical history, prescription orders, and patient’s diagnoses. It’s important to make the right decision in this area. Your EHR allows for you to share patient information with other providers that may include school and workplaces, medical imaging facilities, and labs.