If you’re planning to start a medical private clinic in Dubai, the first step is to develop a business plan. This will serve as your guide in developing the clinic’s infrastructure and is necessary to secure financing. The plan should include projections of your revenue and expenses. It also helps you define your target market and clientele. The marketing strategy you will use to attract new clients should also be outlined.
Must hire a lawyer to create a partnership agreement:
Before you can lease an office space, you must hire a lawyer to create a partnership agreement. All of the partners must sign the document. Then, you can set up your practice according to the agreement. This arrangement allows you to enjoy more autonomy and higher earnings. You can also hire a commercial banker to determine the amount of capitalization you need to begin your practice.
Get credentialed with insurance companies:
Once you’ve selected an entity, you need to get credentialed with insurance companies. This process can take up to six months. Most insurers require a physician to submit a medical license, work history, malpractice insurance, and other information about their medical education and residency. Once you’re credentialed, you can start negotiating contracts with insurance carriers. You’ll also need a computer, a photocopier, a phone, and a desk.
Create a sound business plan:
When opening a private clinic, it is essential to create a sound business plan. A business plan will direct your clinic’s infrastructure and will help you secure financing. It should include a revenue and expense projection and a detailed marketing strategy. It will also help you determine your target market.
In addition to traditional advertising, online marketing can help you attract new patients. Depending on your target audience, you can use Google AdWords to promote your clinic. In addition, you can use social media sites like Facebook to increase your reach and engage your audience. Video marketing can also help you reach your target audience.
Finding a location:
Finding a location to open a private clinic is crucial if you want to build a successful practice. It is not as easy as it sounds. There are many challenges and expenses involved. You must find a location that is both profitable and attractive to potential patients. Moreover, you must find a clinician who is willing to work for you and the location. It is important to choose someone who has the charisma and the drive to produce results. You must also consider the number of competitions in the area.