Practice ownership can result in wonderful rewards and tremendous satisfaction, but there are many factors to consider before starting a private practice.
Choosing a Practice Ownership Structure
An important first step in starting a business is deciding how the business will be structured.
Signing a lease for office space for your practice will likely be one of the largest contractual and financial obligations you make in your professional career.
Partnership or Solo Practice?
Practice ownership can result in wonderful rewards and tremendous satisfaction whether you practice with others or by yourself — but only with lots of hard work, careful planning, and learning from your mistakes.
Starting a Practice
Starting a private physical therapy practice is a major decision that requires considerable thought, special skills, and a significant commitment.
Suggested Readings on Practice Ownership
HPSO Insurance Plans for Practice Owners
Business Operations and Workers' Compensation Coverage
Business Operations and Workers' Compensation coverage is available for businesses wanting to protect themselves and their employees.
Business Overhead Expense
Business Overhead Expense (BOE) Insurance is disability insurance for your practice. Coverage is designed to help cover eligible business expenses, such as business loans, leasing costs, taxes, employee salaries, maintenance and utilities, when the insured is totally disabled by a covered injury or illness and can't work in his or her profession.
Professional Liability Insurance
Professional Liability Insurance is designed to protect your assets and cover your expenses in the event of a suit being brought against you for malpractice.