Opening your own practice can be very overwhelming. Looking for answers and researching on your own can be very stressful. Allow me to share to you these 6 Easy Steps on how to start your own Medical Practice Office to ease that pain.

1. How to Start Your
Own Medical
Practice
6 Easy StepsBrought to you by:
Ms. Pinky Maniri, MSc, BSc
Medical Practice Consultant, Business Development
Specialist and Revenue Cycle Management Expert
www.mspinkymaniri.com

2. Opening your own practice
can be very overwhelming.
Looking for answers and
researching on your own
can be very stressful.
Brought to you by: www.mspinkymaniri.com
Providing Value to the Medical Practice Industry since 2005

3. 6 Easy Steps
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Providing Value to the Medical Practice Industry since 2005

4. STEP # 1
Look for a Promising Location
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Providing Value to the Medical Practice Industry since 2005

5. O You need a location! Promising means - your
practice can exponentially grow because of the
geographic area. If possible, open a practice from
a location where your specialty is not too
saturated. This information can be easily
researched from the local business listing.
O Or, you can bravely open a practice in a busy city
where there are physicians and big groups of the
same specialty as yours every 1 mile - just be
prepared to be doing a lot of marketing and
getting the word out. Competition can be tough,
but anything can be accomplished with a strategic
planning.
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Providing Value to the Medical Practice Industry since 2005

6. STEP # 2
The "MustHave" Documents
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Providing Value to the Medical Practice Industry since 2005

7. The following are the important
documents that you will be needing
for Billing (for you to get paid) and
for Credentialing, if you want to
participate or get credentialed with
the Insurance Companies including
Medicare and Medicaid.
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8. www.mspinkymaniri.com
OIndividual NPI
OGroup/Facility NPI
OTax ID Number (and you need the CP575
IRS Letter)
OProfessional Malpractice Insurance
OGeneral Liability Insurance for your
Practice
OBusiness Bank Account

9. STEP # 3
Building Patients Population
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10. www.mspinkymaniri.com
O And should you decide of becoming a
participating provider with the insurance
company, having your name listed on their
"Provider Directory" will give you a bigger
chance getting found by their members;
O In this digital world, nobody can afford not to be
present on the web! So make sure you have a
website for your practice. Tip: You can have a
website up and running in 24 hours done for you
for FREE! Or you can do it yourself!

11. www.mspinkymaniri.com
OBe on Social Media!- Build a Business
Page on Facebook and LinkedIn, tweet
updates about your practice. Post/share
useful health and wellness
literatures/articles.

12. www.mspinkymaniri.com
O If you are an employee and is leaving your old
practice, how will you handle your old and
"established patients"? - Here's the answer - it
depends on your contract with your employer.
But bottom line, I don't think it will be a "sin" if
you let your patients know that you are leaving.
But assure them of a smooth transition to
another provider within the group. Because your
"integrity" is the only priceless wealth on earth!
O And when they know they get so much value in
you and highquality care - your patients will
follow you.

13. STEP # 4
Setting up your Office
Forms, Policies,
Procedures, Services and
Charges
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14. www.mspinkymaniri.com
OYou need Office Forms - a lot of them!
(Patient Intake Forms, HIPAA Forms,
Financial Policy, Superbill and a lot
more related forms!)
OMake all your services you are offering
and your fee charges on your superbill
OPrepare all your Company Procedures,
Compliance Plan and Policies

15. STEP # 5
Buying Equipments,
Furnitures and Practice
Management Software
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16. www.mspinkymaniri.com
OYou will surely need medical
equipments for your practice;
OYou will need computers, printers,
scanners and office furnitures;
OYou will need a Practice Management
Software (consider EMR, ICD-10 and
Billing Integration)

17. STEP # 6
"Hire" your Wife as your
Office Manager!
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Providing Value to the Medical Practice Industry since 2005

18. BBrought to you by: www.mspinkymaniri.com
Providing Value to the Medical Practice Industry since 2005
m
At the beginning, most of my
start-up male physician would
"hire" their wife as its Office
Manager and run the practice -
and why not? it's cost effective!
and your spouse is always a
"business partner" to you! Good
luck!

19. Brought to you by: www.mspinkymaniri.com
Providing Value to the Medical Practice Industry since 2005
Are you thinking of opening a
practice?
Talk to Ms. Pinky today!
www.mspinkymaniri.com

20. Brought to you by: www.mspinkymaniri.com
Providing Value to the Medical Practice Industry since 2005