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”.
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.
As a young fellow or a seasoned practitioner, opening your own medical practice is a compelling aspiration that you want to make a reality. Make no mistake: being a great doctor is not enough to create a successful business. Today’s medical practice owners must blend business know-how with their medical expertise to champion a profitable organisation around their unique vision.
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.
With so many management tasks to complete at a practice day to day, feeling overwhelmed is understandable, but there are positive steps you can take to change that.
There are ways of empowering your team while also improving medical practice staff performance. We’ve compiled some actionable steps to keep your staff motivated, through focusing on empowering, equipping and encouraging.
When you think of data and security breaches, what often comes to mind are the malicious actions of crooks wanting to hack your systems and steal sensitive information. The truth is, however, data breaches may arise from other issues, such as internal errors and mishandling of information by staff. We’ve compiled simple and actionable ways to help your practice improve electronic health record data privacy, through approaching the most common causes of security issues: human error, system errors and information access.
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.