By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    An Expert’s Guide To Building and Improving Endurance
    June 30, 2022
    medical assistants
    What Do Medical Assistants Do On a Day to Day Basis?
    April 5, 2022
    superfoods to help with prostate health
    10 Healthy Foods That Can Help Protect Your Prostate
    August 29, 2022
    Latest News
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthcare cost crisis
    What If the Health Care Cost Crisis Solves Itself?
    May 11, 2013
    Do You Need Life Insurance? What Does It Cover?
    December 23, 2022
    HIE metal plans
    The Four “Metal Plans” of Health Insurance Exchanges
    May 28, 2013
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: 7 Tips for Entrepreneurial Orthopedic Surgeons to Stay Independent
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Specialties > Orthopaedics > 7 Tips for Entrepreneurial Orthopedic Surgeons to Stay Independent
BusinessOrthopaedics

7 Tips for Entrepreneurial Orthopedic Surgeons to Stay Independent

Andy Salmen
Andy Salmen
Share
4 Min Read
ortho independence HIS
SHARE

ortho independence HISIn order to stay independent from a hospital or other major medical institution, there are certain things that you’ll need to do.  Here are some practical tips that we recommend you follow.

1) Excel in Patient Relations

ortho independence HISIn order to stay independent from a hospital or other major medical institution, there are certain things that you’ll need to do.  Here are some practical tips that we recommend you follow.

1) Excel in Patient Relations

More Read

Global Trend in Bariatric Surgery
Aetna CEO Imagines Near Future When Health Insurers Aren’t Middlemen
Medical Tricorders Fit for Dr. McCoy: XPRIZE Contestants
CMS Medicare Data Dump Shows Why Transparency Is Only Half the Battle
The Truth About Healthcare Around the World

Being recognized for your quality of care and ability to work with patients has many benefits, but perhaps the most significant bonus is forming relationships with your patients.  When they enjoy their care at your facility, they’re much more likely to return in the future and tell their family and friends about it, allowing you to build up the kind of sustained patient base necessary for your operations to continue.

2) Offer Special Services

Your practice could have something that separates you from your competition.  This can take many forms, but offering a service that other practices don’t do is a great way to get the attention of potential patients.  Consider offering care during the evening or at night (many people work during the day, or work nights and sleep during the day) or trying to find some other sort of unique service.

3) Implement Firm Financial Controls

As an independent entrepreneur, you have less money to spend on things than a larger practice or a hospital would have that has multiple income sources.  Keep an eye on your finances and be sure you can account for each transaction.  This can help you avoid fraud and collect payments in a regulated manner.

4) Negotiate Contracts

Take advantage of your relationship with hospitals and PHOs to access managed care contracts that are favorable to you.  You can also work with other physician group associations to negotiate with insurance providers for better liability coverage contracts and also with product distributors for better supply contracts.

5) Hire Other Physicians to Help Expand Your Practice

This is one of the best ways to offer additional services that set you apart from others.  By having other sub-specialty physicians in the practice you can expand your area of coverage of patient needs and have someone available that you can rely on to cover for you when you take time off.

6) Explore Different Business Models

Consider various business models outside of traditional medical practice forms and search for things that suit the way you want to do business.  There are more and more options to consider and it is important to seriously consider each option before you implement it or set it aside.

7) Join a Group

As an independent, you may lack certain advantages that hospital-based surgeons enjoy, but this doesn’t mean you have to do everything alone.  One of the best ways to increase your voice is to join up with other independent surgeons and approach the problems you face as a larger group.  While this may sound similar to working at a hospital, you will still have more of a say in how your practice is run, but with the added advantage of being able to reduce overhead and operating costs and having access to greater support.

TAGGED:physician practice
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

technology in medical research
The Tools Helping Medical Researchers See the Full Picture
News Technology
August 3, 2025
5 Steps to a Promising Career as a Healthcare Administrator
5 Steps to a Promising Career as a Healthcare Administrator
Health
July 31, 2025
holistic dental
Holistic Dentist Services Are Natural and Safe
Dental health Specialties
July 28, 2025
botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025

You Might also Like

rutabaga whole foods
BusinessPublic HealthWellness

Whole Foods Medical, Competitive Wellness and Rutabagas

April 14, 2015

NCOA Publishes 10 Senior Scams to Beware

March 1, 2012
protect patient data
BusinessHospital Administration

Prioritizing Patient Privacy in Online Healthcare Communications

May 22, 2024
DTC Marketing, Medical Device Marketing, Medical Technology Marketing, Marketing Results
BusinessMedical DevicesTechnology

Medical Device DTC Marketing: Digital Co-Marketing and the Power of the Referral (Part 4 of 4)

July 23, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?