How much does it cost to set up a medical practice?

How much does it cost to set up a medical practice?

While there's no specific figure for starting a medical practice, it's estimated that the average cost of a practice fit-out is approximately $AUD400-500 000. Here are some of the main factors affecting that cost as well as other considerations when starting a practice.

Can anyone own a medical practice?

The Law. Only physicians who are licensed in California may own shares in a medical corporation or be a partner in a medical practice (with exceptions for certain other licensed health-care professionals). The physician must have sole control over all health care decisions.

Is owning a GP practice profitable?

It is very low risk. Most owner GPs earn at least an extra $100,000 a year profit and net cash flow every year. After two decades this compounds out to a very large difference, millions of dollars of difference in the net wealth position of owner GPs compared to non-owner GPs.