Many practitioners, newly qualified, engaged in group practices or as contractors/licensees, contemplate establishing their own practice at some time in their working careers.
The new venture, properly orchestrated from start-up to ongoing management, can be very rewarding, provided plans are put in place to ensure high quality patient services while administrative functions of the ‘practice business’ operate efficiently, cost effectively and in synergy with clinical aspects, including personal objectives of new owners.
This is the first of a series of articles dealing with setting up a private practice.
