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Setting Up a Private Practice

The No Frills Private Practice Series

Every Monday in November – 6:30pm – 7:30pm
FREE WEBINARS

We invite you to our free webinar series across November. Every Monday in November we will discuss private practice set up issues – no frills, just the facts you need to know.

1 Nov: Selling and Buying a Practice
  • How to value your Practice?
  • Should you use a broker?
  • What will happen with staff?
  • When to tell staff about the sale?
  • What is due diligence?
  • What is goodwill?
  • What is being sold?
  • What happens with sub-tenants?
  • What happens with leave entitlements?
  • What is involved in the legal process for sale and purchase?
  • And much more…..
8 Nov: Setting up a private practice - The initial steps
  • What business structure should you use?
  • What are the main contracts involved in a new practice?
  • Business Plan and Financial overview.
  • Who are the major financial players in the market and how do they differ?
  • Business Plan and Financial Overview.
  • How to structure your finance for cashflow for start up.
  • When to make your formal application for finance.
  • And much more…..
15 Nov: Setting up a private practice – Sourcing property & fit out
  • Zoning, parking, disables access, council approval v private certification – its all explained.
  • What to look out for in order to keep your fit out costs down.
  • The 2 main ways to obtain a design & fit out quote.
  • What to look out for in a fit-out quote.
  • PC Sums, Shopfronts, Liquidated Damages, COVID considerations – what you should negotiate into your construction contract and what does it all mean?
  • Some nightmare stories are shared.
  • And much more…..
22 Nov: Setting up a private practice – Securing premises & set up steps
  • Items to consider with a lease (subject to approval, handover condition, rental and fit out incentives, personal/bank guarantees, legal costs and more).
  • Items to consider with a conveyance (stamp duty, conditions precedent, suitability of use and more).
  • Set up steps including branding (operating name, domain name, logo, website etc), business cards (what to include), IT, Telecommunications, Signage (internal and external), Waste Disposal, Pathology Negotiation
  • And much more….
29 Nov: Setting up a private practice - Set up steps cont'd & legal issues
  • When do you need an APRA AMCOS License?
  • What insurances should you consider?
  • MSB/DVA/PBS/PIPS etc registrations.
  • Software Products.
  • EFTPOS Products.
  • Employment Contract and Service Agreement considerations including awards, overtime, pay rates, workers compensation, superannuation and new Pay-Roll tax considerations.
  • Mandatory vaccination.
  • And much more…

Related

Setting up a Private Practice

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.

Starting up a Private Practice article

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Filed Under: Seminars

Genesis Medical Centre

"We knew setting up a surgery would be challenging, so we engaged HPC from the onset. We developed a Business Plan‚ the framework and opportunity to assess viability. HPC looked after every stage of the project. We had full control but left the hard work to HPC as we could not cover all areas while working as full-time doctors." - Genesis Medical Centre, Dr Wong & Dr Vilena

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