How Much Does It Cost to Start a New Medical Practice?
The cost to start a new medical practice varies widely by specialty, location, and practice model, but commonly ranges from $70,000 to $500,000+.
Key Start-Up Costs
- Office space buildout or lease
- Medical equipment
- EHR system and IT infrastructure
- Malpractice insurance
- Credentialing and licensing fees
- Marketing and website
- Staffing
- Initial operating capital