The Practice Managers’ Guide to Starting a Practice has been developed to assist both doctors and practice managers with setting up a practice. It contains numerous practical tips and advice and identifies the main issues connected to setting up and successfully running the practice. It has been identified as an area where practice managers and doctors alike have a keen interest, and a lot of important information is contained in the guide.
Starting a practice is probably one of the most significant professional decisions a doctor will undertake during their professional life. “Starting a practice”, or “buy into an existing practice”, is a common goal of many doctors and health professionals.
This guide will introduce legal and financial aspects of beginning practice, and give advice on everything that should be considered prior to opening day. It also includes close examination of practice structures.
Topics included in this guide include:
- Registration with Medical Boards and Medicare;
- Prescribing under the PBS system;
- Australian Business Numbers;
- Practicing solo or in a group;
- Finding the right co-owner;
- Choosing the best practice structure
The guide will equip readers with an understanding of the essential knowledge required in order to establish a practice, whether starting from scratch or purchasing an existing practice. Readers will be able to recognise the importance of choosing the right structures and partners, and will have acquired information regarding the legal requirements of practicing medicine.