Starting a medical practice is an exciting and rewarding endeavour. This blog is designed to help you navigate the ever-changing Australian medical landscape whilst setting up your own business. In order for you to be the best clinician you can be, it is important to have the business aspects under control; we call this “practice fitness”.
Improving efficiency is a core part of how to run a successful medical practice, and putting the right processes in place to enable it is especially important in the early years, when your practice is getting off the ground.
An effective healthcare system must be flexible enough to adapt to the needs of a changing population. In Australia, life expectancy is 81.5 years – among the highest in the world. In order to secure the sustainability of Australia’s healthcare, we need to address what the implications of an ageing population are, and consider next steps in order to move confidently into the future.
Strong industry growth and a constantly changing digital landscape are two realities we face in healthcare. Everything from advancements in medical technologies to an ever-growing workforce and policy reform are on our horizon. Therefore, pioneering organisational growth in 2018 (and beyond) requires deep strategic planning for healthcare leaders.
Thinking about setting up your own medical practice? Without doubt, 2018 is bursting with potential for medical practice owners. We’ve explored the latest legislation, industry trends and insights, so you can turn our 2017 learnings into your 2018 success. Here's what we've learnt.
After many years of hard work, you’re finally reaching the culmination of your medical training and chances are you’re weighing up options for your next move. While a common choice for a young fellow is to work in an established clinic or retain a post at a hospital, you may decide take the leap set up your own private practice. It’s a challenging road for any medical professional, especially so for new graduates — but it can be done and the rewards are significant.
Transforming the lives of patients for the better is one of the most rewarding aspects of delivering the highest quality patient care. However, medical professionals also carry considerable levels of responsibility and risk. There are many aspects of implementing appropriate systems and processes to manage the high levels of medical and procedural responsibilities required to operate a modern medical practice.
At the heart of a patient centred care model is an empowered patient, equipped with all the information and support necessary to make informed decisions about their health. However, with the unique challenges facing today’s healthcare industry, including inefficiencies and rising costs, it is crucial that medical practices embrace technologies that facilitate patient-centred care with greater efficiency, all while reducing clinical risk.
It is a well known fact that physicians work long hours. But what do these hours actually entail? Could their valuable time be spent on more important and time-crucial tasks? The problem is, most physicians don't have time to stop and ask themselves these important questions.
Opening your own medical practice is a rewarding endeavour. As a new business owner, you'll need to establish efficient processes and smart finances. This practical guide aims to streamline your operations and simplify your finances, from day one.