Make a date on 23 July afternoon where we delve into the four main components of setting up a financially sustainable medical practice.
Opening a private medical practice comes with inherent risks and upfront expenses, thus requiring careful attention especially when it comes to planning your finances. Faced with the overwhelming influence of large conglomerates and enterprises, joining big-name hospitals seem to be the most realistic choice for many medical practitioners. Indeed, after spending all that time and money on med school, why should you brave the risks of starting your own practice, when you could simply step into a cushy job where there are no overheads and established business operations are already in place?
When smaller, private practices open, it entails more market competition and a more even distribution of profits throughout the industry. It also helps to expand health care access to specialised areas that might currently be underserved. Also, the freedom and ability to “be your own boss” is an attractive draw for those who choose to enter into private practice. The sense of ownership that comes with running your own practice is incomparable and offers a deep sense of satisfaction.
If you are thinking of going into private practice but have no idea where or how to start; fret not! The good news is that you can overcome the obstacles if you are equipped with the right information necessary to succeed – essential tools that you don’t traditionally learn about in medical school. Mark your calendar on 23 July for an enlightening afternoon where various esteemed speakers take you through the four main components of setting up a financially sustainable medical practice.
Our Principal Consultant, Mr Stephen Chew is invited to be the one of the keynote speakers and will touch on the topic of Financial Stability, where he will delve into hard hitting subjects such as financial planning and cash flow management, as well as risk and control – how to mitigate the risk of fraud and misappropriation.
SMA Seminar: Going Into Private Practice
Date: Saturday, 23 July 2016
Time: 12.30pm – 5.00pm
Venue: M Hotel, Banquet Suite (Level 10)
81 Anson Rd, Singapore 079908
For more details of the upcoming seminar, please visit https://www.sma.org.sg/Academy/OtherCourseDetail.aspx?CID=13&ID=150Share on Facebook Share