If you are a qualified doctor, many of your friends will tell you that you are lucky to have a job for life. While it is true that you don’t meet many unemployed doctors, not all of them are happy in their job.

Today, there are so many regulations to follow, so many admin tasks, and you have very little time to spend with your patients.

If you feel the urge to make a change and deliver better services than your current organisation allows you to, you might be thinking about setting up a private practice. Find out the pros and cons below.

Your Investment

First of all, you will need to think about how much money you will need to invest. You will have the qualifications already, but your staff needs to be trained, your surgery needs to be developed, advertised, not to mention the cost of risk assessment.

It might be a good idea to think about taking on paid partners to run your surgery, so you can make the most out of your investment and ensure you can follow through your project.

Location

It is important that you pay attention to the location of your proposed surgery or medical centre. If you would like to save money and time, you might be looking for a doctor practice for sale that is already known in the community and you can make the most out of your revenue and reach.

Choose your location based on demographic research and analytics, so you can make informed decisions.

Your Current Practice

If you are looking for a change, chances are that there are some things you would like to do differently. List the things you are not happy with in your current practice, so you can create a detailed business plan for your new surgery and find a unique selling proposition your target market can relate to.

You might also want to check whether or not you are able to serve your patients and how the demographic and customer behaviour changes would impact the future of your business.

Your Specialities 

It is important that you focus on the things you are good at and the things you are able to make the most difference with. You will also have to enjoy your job and find satisfaction in the healing practice you are carrying out.

You might want to focus on one illness or demographics, or maybe try some of the alternative methods that have been proven to work, but your practice manager refused to implement in your current practice.

Using Technology to Deliver Better Service

If you have been working in health care for a long time, you might see what the main challenges are and how to solve them using technology, and - if you start your own practice - you can improve your patients’ outcome.

Starting out on your own is always scary at first. It is important that you consider the pros and cons before you make a final decision.