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How to Open your Own Private Practice | Medical Practice Start-up

med practice
30 Aug

How to Open your Own Private Practice | Medical Practice Start-up

How to Open Your Private Practice

Starting a new medical practice can be very intimidating, whether fresh out of medical school or transitioning from being a provider at a more extensive health system to your private practice. Based on working with various provider specialties nationwide, TriumpHealth has the knowledge and expertise to guide you through the time-consuming process of opening your medical practice.

TriumpHealth’s practice start-up team has created a thorough step-by-step process and workflows that ensure a successful and efficient practice start-up from the ground up. We can assist you from the initial stages of the patient demographic study by billing your claims to insurance payers. From essential decisions to finishing touches, we will be there every step of the way.

Steps to Opening Your Medical Practice Include:

  1.  Complete a location and patient demographic study in the new practice area
  2.  Establish TIN and Professional Corporation
  3.  Create Type II NPI for the new practice
  4.  Credential and contract with Government, Commercial, & Private payers in your practice region
  5.  EHR-Billing Software Vendor Selection
  6.  Create good housekeeping practices for day-to-day operations
    – Front Office Workflow Training
    – Develop Financial Reporting and ABN Forms
    – Develop Medical Intake Forms
    – Employee Policies Handbook
  7.  Selection of Office Hardware
  8.  Complete OSHA & HIPAA Compliance Training and Certification
  9.  Complete Software and Payer Setup
    – EDI Enrollment with Payers
    – EFT/ERA Set-up
    – Superbill Creation
    – Fee Schedule Set-up (Payer & Self-Pay)
  10.  E&M and Surgery Coding review and training
  11.  Maintain Ongoing Medical Practice Management

How can TriumpHealth help you?

Each practice is unique and may have different needs depending on the specialty, location, and goals. We try to understand your specific requirements and provide tailored solutions to help you be successful. Our team is ready to help you start your journey, no matter your situation.

If you want to start your medical practice, consider contacting TriumpHealth to discuss your plans. TriumpHealth works with all specialties nationwide and knows all the necessary steps to begin your practice.

To talk to a representative, call 817-857-1075 or email sales@triumphealth.com. Included below is a link to request our practice start-up checklist.

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