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The Practice Startup Checklist
Vantage Clinical Solutions has created this Practice Startup Checklist to assist future practice owners with the organization necessary to cover many of the variables that apply to the private practice startup process.
The dowloaded tool is organized in two ways in order to provide the user with options as they work through the startup process. The first is organized by functional area, and the second by chronological timeline.
You can browse a simplified version of the checklist organized by functional area below or download a complete, printable version of the Practice Startup Checklist which also includes organization by chronological timeline by clicking here (.pdf; 201K).
Functional Area Checklist
The functional area checklist addresses many of the action steps that will need to be performed as they correlate to functional areas required during the startup. The functional areas include: Planning, corporate formation, marketing, finance, resources, people, and facility/operations.
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Planning |
In Progress |
Completed |
| Establish key partners |
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| Establish mission, vision and values |
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| Determine practice objectives |
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| Perform market analysis |
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| Determine business name |
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Corporate Formation |
In Progress |
Completed |
| Form corporate entity |
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| File corporate documents |
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| Form partnership/employment documents |
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| File business name/DBA with state |
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| Purchase business license |
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| Establish Tax ID # |
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| Establish practice NPI # (if applicable) |
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Marketing |
In Progress |
Completed |
| Develop marketing strategy |
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| Order business collateral |
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| Create list of local networking events |
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| Plan grand opening events |
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Finance |
In Progress |
Completed |
| Develop startup budget and chart of accounts |
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| Develop 5 year pro forma |
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| Determine capital needed |
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| Secure funding |
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| Open checking account |
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| Open savings (or money market) account |
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| Open credit account |
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| Secure additional line of credit (if necessary) |
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| Establish fee schedules |
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| Research desirable payer contracts |
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| Establish payer contracts |
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Resources |
In Progress |
Completed |
| Find a mentor |
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| Hire attorney |
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| Hire accountant |
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| Hire banker/bank |
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| Hire startup consultant |
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| Hire commercial broker |
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| Hire financial advisor (if applicable) |
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| Hire staff benefits company (if applicable) |
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| Join professional organizations (if applicable) |
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People |
In Progress |
Completed |
| Hire clinical staff |
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| Verify clinical staff credentials/NPI #’s |
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| Secure malpractice insurance for clinical staff |
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| Secure hospital privileges (if applicable) |
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| Hire administrative staff |
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| Establish staff benefits program |
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Facility/Operations |
In Progress |
Completed |
| Determine space needs |
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| Identify location needs |
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| Sign lease letter of intent (LOI) |
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| Sign lease agreement |
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| Perform tenant improvements |
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| Purchase professional equipment |
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| Purchase furniture/other equipment |
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| Establish IT/communications infrastructure |
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| Secure utilities (power, internet, phone, etc.) |
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| Secure property insurance |
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| Establish credit card processing system |
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| Establish policy and procedure manual |
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Chronological Checklist
The chronological checklist addresses the same action steps presented in the Functional Area Checklist, but organizes them in a step-by-step manner that helps to organize the chronological events necessary to open the doors to a practice by a certain date. The chronological checklist is available by download only (.pdf; 201K).
The Vantage Mission - To Improve Healthcare Through Entrepreneurship
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