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1. Choose The Right Niche

2a. Choose the Right Name & Entity

2b. Define Your Practice

3a. Build Your Identity

3b. Determine Your Startup Budget

4a. Choose the Right Location

4b. Choose the Right Equipment

5a. Get Your Federal ID & State Numbers

5b. Open Bank Account & Begin Bookeeping

6a. Get Your Insurance Contracts

6b. Choose Your Supplies

7a. Setup Your Billing and Payment Channels

7b. Prepare Your Facility

8a. Pre-open Advertising

8b. Setup Your Scheduling System

9a. Create Your Intake System

9b. Create Your Evaluation System

10a. Create Your Treatment System

10b. Recruit Employee(s)

11a. Implement Your Marketing Plan

11b. Screen/Hire/Orient Your Employee(s)

12a. Train/Motivate/Pay Your Employee(s)

12b. Implement Policies for Success

13a. Collection Procedures

13b. Track Your Daily Productivity & Cash Flow

14a. Make Contact with Referral Sources

14b. TRUE MARKETING

 

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Choose the Right Equipment

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What Equipment will I need?

It all depends on your niche.  Ask yourself, "What equipment is essential to offering my niche service?"  You want to choose those things you know you will get maximum use.  A rule of thumb is to get those things which no one else seems to have in your area! Add to it products and resources relating to your niche service and you are on your way to success!  It may take you some time to research and find these specialty products but it will be well worth it.  You'll eventually become well known for being the expert on a certain topic or condition. This is how you start to build a business generating reputation.

During this section we'll focus on clinical equipment only.  Billing equipment and office furniture needs will be covered later in sections (7a and 7b respectively).

In order to tackle the project of choosing the right equipment you should first know some general principles on what not to do when purchasing equipment.

  • Don't buy haphazardly.
  • Don't let the sales rep talk you into buying things not in your plan.
  • Don't buy everything new.
  • Don't buy too much initially.

Once you have carved out a niche the job of choosing the best equipment for your practice becomes easy.  If you are straddling the fence you may want to come back to this section later.

Let's break down your equipment needs into 4 different categories (1) Testing  (2) Procedural  (3) Exercise and (4) Modality.

Testing

The more highly sophisticated your evaluation equipment the better.  Think state-of-the-art, latest and greatest! Get those things that no one else has in your area! Regularly sending objective evaluation reports will earn you a higher regard from all your referral sources, physicians and attorneys.

Procedural

When designing your options on procedural equipment don't hold back.  Think again state-of-the-art, latest and greatest! Be prepared to market and advertise to the entire community and potential referral sources about your great resources!  You will include pictures of your equipment in your newsletter, facility sheet, programs and services sheet, etc.  List of some examples:

Exercise

Ask yourself, "What type of exercise equipment (if any) will I need for my niche service?"  Remember the success principle, "Stay simple, focused and automated"?  In our arsenal of exercises many do not require fancy machines and equipment!  If you are specializing in knee and sports injuries you will need a Kincom or Biodex etceterra along with many pieces of gym equipment but usually you can get by initially with minimal requirements here.

Modality

No matter what your niche service you will most likely need some modality pieces of equipment.  Here's a sample list to give you ideas.

    • Crushed ice maker or cooler for gel ice packs
    • Hydrocolater
    • Paraffin bath
    • IF unit
    • Rolling massage table
    • Traction unit
    • Diathermy
    • UV lamp
    • Infrared lamp
    • Whirlpool

Equipment depreciates the instant you open the box so buying good used equipment can be very wise when on a limited budget.  Find a good balance between being frugal and yet still representing yourself professionally through your equipment resources (which is ultimately an extension of you).

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Where do I get my equipment?

You have many options when acquiring equipment. You can use traditional medical equipment vendors to buying used equipment off of ebay.  Just make sure the piece of equipment you purchase is necessary and pertinent to your niche/specialty.

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Key to Success

Get the most exciting and revolutionary piece of equipment available.  Stand out from the crowd by offering something no one else has.  The 830laser is exactly that.

Plan your needed equipment with your niche in mind and take advantage of the current low interest prime rates by leasing your equipment. Contact IndeFree for the best leasing program.

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Important Reminder

It doesn't matter how special and state-of-the-art your equipment is if no one knows you have them. Make sure to create a programs and facility sheet with pictures and send them out to all your potential referral sources! Mention them in your newsletter to the community as well.

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Big mistake made by most beginners!

Most beginners make the mistake of purchasing a host of generic equipment while offering generalized services and every time a new diagnosis comes in they realize the need for more equipment (or supply) they don't have.  It doesn't take long before a lot of money is spent on equipment that don't bring a good return for the investment.  You shouldn't spend a lot of money until you know what type of patients you enjoy treating and have the best success with.  Carve a niche and specify the patient population you'll serve first.

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Resource Links

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Big Mistakes Made by Beginners

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