Are you a doctor serving at a noted hospital in a metro city, but would like to start your own medical practice? You are not alone!
There are many medical experts who are striving to have their own medical practice in their own hometowns. Why? Did not we all had a dream to open a clinic in our hometowns after becoming a doctor during our childhood? Ironically, only a few of us actually turned up as a doctor!
On the other hand, modern finance has paved the way for substantial finance options to fulfill your dream, and one of them is the medical practice loan.
A medical practice loan is a viable option that you can avail from leading banks and non-banking finance companies (NBFCs) up to Rs.35 lakh to cover your needs.
Follow these steps and start your medical practice
Coming to your dream of starting your own medical practice, here are some easy steps that you must take to kick off your own medical practice in India.
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Get the required certifications
In India, you need to have the medical qualification which is enough to start a medical clinic. If you have the required medical degree in your field of discipline, you can start your medical practice. Another thing worth considering is availing the license from your local body or Government. It is because you are opening a business, and would need the license just like any other business. Thus, the next step is getting the correct certifications and licenses.
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Fund your practice
Even healthcare practitioners just like business owners often require some sort of financing to help cover startup costs. For such types of available loan options, one can rely on a medical practice loan to grab up to Rs.35 lakh. The medical practice loan is a customized loan for doctors which is offered for managing the setup or operations of the clinic. Consider the cost of equipment, real estate, accountant and consultation fees to determine an amount that you would need. Thus, the first step towards starting your medical practice will be finding the right funding option.
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Get on board the right equipment and technology
No patient will visit your clinic if you will take 5 days to give them a simple blood sample report. Even if you have the required expertise to treat patients correctly, it won’t serve the purpose of your customers if you render a service to them so late. People don’t have time to wait for test results, and other procedures as there are many clinics offering them faster services. Also, embracing digital equipment to help you render quick medical services is also needed. Hence, the next vital step to follow is availing the right equipment and technology to give wings to your business.
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Make your business the talk of the town
Establishing your medical business and not letting it be heard among your niche and at the right platform means escaping a golden chance to thrive. Hence, for any business to become the talk of the town, you would need to let it talk. How? You can use social media platforms to spread the right word. Of course, word-of-mouth is good to spread the word about your business but it has a limited reach. That’s where getting listed online and updating your profile with images and clinic information should help you beat your competition.
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Hire the correct resources
We have saved the most vital part for the last. Yes, unless you have a talented pool of medical resources to help you in carrying out the medical procedures, your clinic won’t go a long way. Most of the clinics that are known in an area are because of having some talented and skilled staff which makes patients satisfied and they visit again. Thus, you need to hire only truly professional and skilled resources for your clinic who can serve the patients with a touch of humanity.
The Bottom Line
Once you have implemented the discussed factors while setting up your own medical practice, you will be able to build it from strength to strength. If you need some funds to start your clinic, you can rely on the loan for doctors to help you out. Good luck!
