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
    headphones can create health problems
    The Harmful Health Effects of Using Headphones
    September 24, 2021
    Headache causes
    4 Causes Of Headache You Probably Didn’t Know About
    December 28, 2021
    follow these steps to recover from your injury
    What Steps Should You Take to Recover More Quickly from an Injury?
    April 12, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 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
    Cash Transfers: Good for HIV/AIDS Too
    August 9, 2012
    unnecessary medical tests
    Eagerly Awaiting the Death of Defensive Medicine
    September 5, 2013
    Image
    Mobile Health Around the Globe – mHealth Fighting Malnutrition in India
    December 17, 2012
    Latest News
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: What You Need to Know if You Want to Run Your Own Medical Practice
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 > Policy & Law > Medical Education > What You Need to Know if You Want to Run Your Own Medical Practice
Medical EducationMedical InnovationsPolicy & Law

What You Need to Know if You Want to Run Your Own Medical Practice

Abby Norman
Abby Norman
Share
4 Min Read
medical practice
Shutterstock Licensed Photo - 457866949
SHARE

Running a medical practice can be incredibly rewarding. Not only do you stand to make a lot of money, but you will also have the knowledge that your business is helping people every day.

Contents
What equipment will you need?What are the legal requirements?Who will you employ?What are the costs?

Of course, deciding to start any business is a big decision and one that requires a lot of planning. It gets even more complicated when you decide to run a medical practice because there are so many other things you need to think of.

That’s why we’ve put together this handy list of things you need to know if you want to start your medical practice.

What equipment will you need?

Many businesses only need the basics to function properly. They need a space that they can occupy, and a few essential pieces of office equipment such as printers and desks.

More Read

The 10 Commandments of Patient Engagement
ACO Program Rejected by Model Health Plans
Frank Discussions About Oral Cancer Therapies
Mobile Health Around the Globe: EyeNetra Offers SmartPhone Eye Diagnostics
Artificial Intelligence a “Low Priority” for Healthcare Organizations in 2018

While a medical practice needs these things as well, you will also need a lot more specialized equipment to be fully up and running. These naturally include medical machinery, but you will also need to look at things like storage solutions that cater specifically to the medical industry. InnerSpace Healthcare may be able to help with this.

What are the legal requirements?

Every startup needs legal documents. You can click here to learn more about what they are. But, as with most other things, it’s more complicated for medical practices.

You will need to ensure that everyone who is working with patients is licensed to do so. You will likely also need special permits for the medication you keep onsite. On top of that, you need to ensure that you are doing everything by the book by having your patients fill in any legal forms when necessary. These will often have to do with them giving consent for certain procedures.

Who will you employ?

If you are a doctor yourself, you will probably want to work as the main physician. However, if you are not a medical professional, you will need to hire qualified staff – and you will need to check that their qualifications are legitimate.

Aside from that, you will also need other medical staff. Exactly who you employ will depend on what your practice does. If it’s only a consultation practice, you may only need an assistant, but if you are performing procedures at the practice, you will likely need to hire an anesthesiologist.

 You will also need to train your employees. An example of this would be giving your nurses guidelines on how to stop infection from spreading in a hospital.

What are the costs?

There’s no sugarcoating it: running a medical practice is expensive. Not only will your startup costs be much higher than those of other businesses, but your monthly expenses will also be a lot.

You will need to ensure that you have enough money to cover all of this, especially since you might not earn a lot of income in the beginning, because you won’t have a reputation yet.

If you’re not absolutely certain that you can manage the finances of running a medical practice, you might want to save some money for a few more years.

TAGGED:medical practice
Share This Article
Facebook Copy Link Print
Share
By Abby Norman
My name is Abby Norman and I am a healthcare blogger. With over 10 years of experience in the medical field, I have developed a passion for helping others understand the complexities of healthcare.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

9 Lifestyle Tweaks That Can Add Years to Your Life
9 Healthcare Lifestyle Tweaks That can Add Years to Your Life
lifestyle
July 11, 2025
car accident lawsuit
Let Your Lawyer Handle the Work Before You Pay Medical Costs
Policy & Law
July 6, 2025
women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025

You Might also Like

Health care

Stop Worrying About Your Lifespan – Your Healthspan Really Matters

October 12, 2019
health insurance across state lines
BusinessFinanceHealth ReformPolicy & LawPublic Health

Selling Insurance Across State Lines

December 4, 2013

Midwifery in the U.S.: History, Politics, and Pathways to Practice

March 7, 2016
NewsPolicy & Law

Can You Cover Medical Bills with TBI Lawsuits

April 3, 2024
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?