Get Checklist For New Practice Start-up Objective: Business And ... - Mgma

This guide provides a comprehensive overview of the Checklist For New Practice Start-up Objective: Business And ... - MGMA, designed for physicians initiating a new practice. By following these instructions, users can successfully fill out the form, ensuring they cover essential aspects of their new venture.

Follow the steps to effectively complete the checklist online.

1. Press the ‘Get Form’ button to access the checklist and open it in the designated editor.
2. Begin by reviewing the first section, which generally outlines the objective of the checklist. Ensure you understand the overall goals aimed at establishing a successful practice.
3. Complete the strategic planning section by clearly defining your practice's mission, vision, and values. Identify the specific goals and action items that align with your long-term objectives.
4. Proceed to the budgeting section, where you will outline a startup budget and an operating budget. Include necessary expenses, revenue projections, and ensure to incorporate provisions for cash flow management.
5. Fill out the operations section, detailing the necessary operational structures, such as legal entity formation, financial management systems, and necessary staff hires.
6. In the insurance section, document the types of coverage required for your practice, such as malpractice and general liability insurance, ensuring all legal and operational requirements are met.
7. Continue to the credentialing section, addressing the prerequisites for contracting with health plans and obtaining hospital privileges. Ensure all required documentation is prepared and submitted promptly.
8. Finally, review each section to confirm accuracy and completeness. Once satisfied, you will be able to save, download, print, or share your completed checklist.

Start filling out your checklist online to lay a strong foundation for your new practice.