Many new practices fail, here are the top five reasons:

1. Doctor’s Underestimate the Work Involved

2. Low Client Satisfaction is a Rampant Problem

3. The Medical Practice Isn’t Unique or Informative

4. Lack of Planning for Future Growth

5. Not Being Flexible or Adaptive.

The simple answer is no, you do not need to have these studies completed in order to open your new practice. However, having these documents can give a clearer understanding of your financial outlook, can assist in acquiring an SBA, and will be the bases for all of your decision makinf=g through the startup process.

Typically, one primary care provider can sustainably support 1,200 to 1,900 active patients. To know if your practice is sustainable, you can look at the population numbers versus the number of primary care providers in the area.