The Decision to Start a Practice – Part 2
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In part 2 of this series, Dr. Zalla discusses the following aspects of starting a new dermatology practice:
Buying an existing practice or building your own space
How long construction should take
Working with general contractors and architects
Office equipment: buy or lease
Recruiting the right people
Buying an Existing Practice or Building Your Own Space
While the …
In part 2 of this series, Dr. Zalla discusses the following aspects of starting a new dermatology practice:
Buying an existing practice or building your own space
How long construction should take
Working with general contractors and architects
Office equipment: buy or lease
Recruiting the right people
Buying an Existing Practice or Building Your Own Space
While the … Continue reading "The Decision to Start a Practice – Part 2"
The evolving healthcare environment has led to a decrease in the percentage of dermatologists in solo private practice, dropping from 44% in 2007 to 35% in 2014.1 However, if you decide that solo practice is the right fit for you,2 it can still be done! You matched in dermatology; therefore, you have more than enough ability to run a private practice. Six years into solo practice, the best piece o … 
Two factors in retrospect that I wish I would've had greater insight into both revolve around financial planning. It's difficult to know upon entering residency, and then transitioning into practice, how some very basic decisions will impact your financial well-being 10, 20, 30, and 40 years down the road as one looks to retire.
First, with respect to financial planning related to the practice, I … 