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.