For the practitioner considering his or her own practice, DME provides a comprehensive program to plan the details necessary to start a new practice. Advanced planning is critical for trouble-free launching of a new practice. A detailed time-line is created unique to each practice, and assignments of responsibility are made for each task for an orderly completion toward the opening of the new practice.

DME provides a single source of expertise through which complete planning for a new practice may be delegated. Our consultants can represent the practitioner in liaison with lending sources, legal counsel, insurance representatives, and suppliers.

Practice start-up requirements include the following:

Practice location analysis:

• Office space requirements.
• Office layout and interior design.
• Justification analysis of cost of occupancy.
• Practice production goals necessary for occupancy costs.
• Management review of proposed lease or ownership options.

Equipment, furnishings, and supplies required:

• Capital assets planning.
• Initial supply inventories.
• Financing for practice needs.

Staff census requirements and planning:

• Personnel policies and resource planning.
• Staff recruiting and training.
• Staff relations and team-building.
• Appointment scheduling techniques.

Business systems planning and installation:

• Accounts receivable systems, including computer selection.
• Business disciplines.
• Patient records planning.
• Fee schedules.

Government and regulatory authority registrations and compliances:

• Timely filing for required identifications and compliances.
• Federal and state regulations.
• OSHA, EEOC, CLIA, and other mandated regulations.

Practice structure selection:

• Sole proprietorship
• Incorporated entity

Production goals and budget planning necessary for debt amortization, when required, and for practitioner income.

Personal financial planning for the early years of a new practice.

Business risk management:

• Management analysis for insurance needs.

Practice development:

• Third party contracts and provider plans.
• Patient satisfaction and retention.
• Referral enhancement concepts.
• Internal and external marketing.

DME offers new practice services to general practitioners and specialists, alike. Our services are provided as fee for service, and our recommendations and referrals are not influenced by commissions or remunerations from any party.

Experience has shown that implementation of programs and systems is enhanced when return visits to the practice are part of the professional management protocol offered by DME. We offer comprehensive management control and statistical information systems, which include pre-scheduled consultant meeting with staff and with the client.

Monthly statistical studies are provided for timely monitoring of the practice.

During the early years of a new practice, growing profits and, consequently increasing income tax liability must be anticipated; therefore, adequate tax reserves should be set aside and remitted if costly penalties are to be avoided. Our monitoring reports forecast income tax liability as taxable income increases. This client is instructed with tax reserve requirements from current earnings to be prepared for timely payment.

The process of starting a new practice can be an exciting beginning of a career; or, a frustrating experience distinguished by surprises and costly mistakes. The consultants of DME welcome inquiry for a complimentary visit to discuss our system of guidance for new practice planning.