#1 Malpractice insurance ($17k-40k per year) #2 Liability insurance ($1k per year) #3 Build medical office or clinic ($150k one time) #4 medical supplies and equipment ($69k total) #5 Furniture #6 Website and Marketing #7 Payroll and Benefits for employees ($565k per year) #8 Business annual tax #9 other insurances like Disability, Property etc etc #10 Hire Lawyers and Accountants #11 Office Rent and Utilities #12 Software Technology ($6k per month) So, expect to pay well over $831,000 to start your own medical practice....
#1 Malpractice insurance ($17k-40k per year)
#2 Liability insurance ($1k per year)
#3 Build medical office or clinic ($150k one time)
#4 medical supplies and equipment ($69k total)
#5 Furniture
#6 Website and Marketing
#7 Payroll and Benefits for employees ($565k per year)
#8 Business annual tax
#9 other insurances like Disability, Property etc etc
#10 Hire Lawyers and Accountants
#11 Office Rent and Utilities
#12 Software Technology ($6k per month)
So, expect to pay well over $831,000 to start your own medical practice....