Urgent care centers are a relatively new type of business venture with plenty of possibilities for entrepreneurs. The first one to ever open was a retail medical clinic in 2000 that’s located in Twin Cities, Minnesota. If you want to be successful with your urgent care startup, there are a few things you will need to focus on in order to have a long term sustainable urgent care business model. Here are the four most important items to consider on your urgent care start up checklist.
The Right Location
One of the most important decisions for creating a profitable urgent care business is choosing the right location. If the marketplace is already flooded with other similar medical facilities, it may not be a good idea to start up your business there. You will want to find a location that has a growing population which will increase the potential number of patients you can serve in the future. It’s a good idea to look for an area that has high traffic with plenty of signage near large retail anchor stores for higher visibility.
The next most important item on your urgent care start up checklist is understanding the true financial costs of your urgent care clinic. The last thing you want to do is miscalculate how much it will take to get your urgent care clinic up and running smoothly. Make sure to prepare for any financial need or obstacle that may arise, especially during the first three months. It will take that much time before you can start receiving payments from insurance companies, so you want to make sure you can cover any necessary expenses until these come in.
Choose The Right Software
Finding the best electronic health records software can be a challenge. Take your time to perform careful research on your available options. Try out product demos and ask those you trust for recommendations. Consider the impact of the software on your business in terms of ease of use and necessary features for the services you offer.
Create An Efficient Billing Process
Developing an efficient billing process is critical for your urgent care start up’s success. You will need to decide if you will hire a third party to do your billing or do it in-house. If you choose to outsource your billing process, look for a revenue cycle service with plenty of experience working with urgent care centers. If you choose to have your billing done in-house, make sure the staff you choose also have plenty of experience with the unique needs of urgent care clinics.
Your urgent care start up checklist is key to developing long term sustainability. You can avoid many new startup mistakes by choosing the right facility, an efficient billing process, and installing the best software. By keeping your everyday operations running smoothly and financial costs under control, you can be successful for many years to come.
Intuitive Health is one of the most progressive retail healthcare companies in the US.