ON-DEMAND EDUCATION
Private Practice for Specialists - what you need to know
A roadmap for minimising administrative burden, tailored for both newcomers and established specialists in private practice.
About this education
This webinar aims to give specialists thinking about the move to private practice the knowledge and confidence needed to get started, while also helping those already in private practice to discover new ways to overcome common operational challenges and maximise the time spent on patient management.
Embarking on private practice is a pivotal career step, holding the promise of fulfilment and entrepreneurial growth. However, this leap presents its unique challenges. How do you manage a private practice and build a patient base without losing focus on exceptional patient care? The journey doesn't have to be overwhelming.
Success lies in an understanding of the business and non-medical aspects involved, including knowledge of private practice models.
In this webinar experts will share insights, covering legal and financial considerations, staffing, facilities, and patient base building. Hear firsthand from seasoned medical specialists who have successfully navigated this path.
Dr. Duncan Guy, a leading cardiologist and CEO of Specialist Services Medical Group, will also share insights into how his team has facilitated the smooth entry of over 120 medical specialists into private practice over the past 20 years. Learn how this model leverages efficient utilisation of shared outpatient clinic facilities, the provision of nursing staff, technicians, skilled administration staff, a billing and collections team, a call centre team, full IT support, office resources, as well as equipment and medical consumables are helping specialists offload administrative burden and focus on patient care.
Agenda
In this webinar you will hear from experts on the following key areas:
- Legal considerations in setting up Private Practice
For example should you establish as a Limited Company, Sole Trader, or operate as a Trust? - Finance and cost expectations
Pros and cons of buying into or setting up your own practice - including new SMSF considerations - Marketing & growth
Promoting your practice and building your private patient base - Lessons learned by a first-time private practitioner
Get a valuable first-hand account of going private. Benefit from hard-earned learnings, tips and practical advice from a medical peer who has found success in private practice. - Establishing yourself as a Visiting Medical Officer (VMO)
Approaching & developing relationships with Private Hospitals - Featured business model: Specialist Services
How leveraging shared facilities, IT, nursing, admin and more can be a game-changer for specialists in private practice.
Presenters
Dr Duncan Guy
Cardiologist and CEO of Specialist Services Medical Group
Dr Duncan Guy is a cardiologist and CEO of Specialist Services Medical Group. He is also CEO of Galen Property which is the property arm of the group which aims to grow assets and provide return for shareholder doctors. Over many years he has grown the company to be the preferred provider of practice management services allowing doctors who contract the company to run their practices to focus purely on multidisciplinary patient care.
Heath Stewart
Legal expert, chartered accountant, company auditor & director Ecovis Clark Jacobs
Heath holds over 20 years of diverse experience encompassing business services, taxation, audit, and consulting. A Chartered Accountant and Registered Company Auditor, Heath specializes in the medical and dental sectors while actively engaging with clients across various industries. He's known for providing pragmatic business structuring advice and optimizing tax efficiency, tailoring services to meet specific client needs, including industry KPI comparisons, forecasting, valuations, and more.
Luke Truscott
Specialist in Medical Finance, BOQ Specialist
A medical finance specialist with 20+ years in healthcare banking, Luke is an expert in tailoring financial solutions for practitioners, supporting them from student life to established careers. Experienced in complex finance arrangements, he is passionate about aiding healthcare professionals from practice setup to succession planning.
Caroline Ucherek
Managing Director, CJU Marketing
A seasoned industry expert, Caroline heads CJU Medical Marketing, offering comprehensive sales and marketing solutions tailored for medical, aged care, and NDIS businesses. Drawing from extensive experience in health and aged care marketing roles, she established CJU with a vision to deliver strategic plans and creative work, educating and inspiring informed choices for B2B, B2C, and B2G outreach. Over a decade later, CJU remains the pioneering full-service marketing team in health, aged care, and NDIS, continually setting new standards and collaborating with leading brands.
Dr Reena Mohan
Private Practice Obstetrician & Gynaecologist, MBBS, FRANZCOG, MS (OBGY)
Dr. Mohan, a highly experienced specialist Obstetrician and Gynaecologist, is devoted to providing high-quality women's healthcare. With her extensive experience in managing roles in both private and public hospitals, alongside establishing a successful private practice, she stands as an ideal mentor for specialists looking to begin their private practice journey or enhance their existing private clinic.
Stephen Gameren
Healthcare operations expert, COO Specialist Services Medical Group
With 25 years of healthcare management experience, Stephen has held roles including Hospital CEO, NSW/ACT State Manager and National Business Development Manager for Healthscope. He is an advocate for patients and a positive team culture having driven multiple successful hospital expansions and clinical service developments in partnership with clinicians. He has seen first hand what it takes for specialists to build and create sustainable success over a long career.