Answer 2 for HCA 620 What advice would you give to a recent medical school graduate who is seeking to open a medical practice
Indeed, the article was beneficial since it provided an in-depth analysis of how a medical school graduate can start a medical practice. Besides, I concur that as a medical school graduate, there are a lot of information that can be taken from the article regarding the plans. Essentially, if these proposals can be implemented as suggested in the article, it is not anything to doubt that the medical practice start up initiative would spare time, cash, and assets in the long-term (Guglielmo, 2007). However, in regards to the advice that can be given to a medical graduate who intends to start a medical practice, I have noticed that the article has highlighted major factors to be considered in a business plan. The article points out that the plan should contain the executive summary, details of the business, intended market, support services, good management, development and production, sales and marketing, and financials.
Essentially, Guglielmo insinuates that it takes a lot to open a medical practice. As such, there is need of devising an effective planning format. Precisely, the article identified a GOST format which implies goals, objectives, strategies, and tactics. This planning format is believed to be effective because it helps in reducing the planning process for the intricate perspectives to a practical sense (Guglielmo, 2007). That is, it moves idea of opening the practice from the concept and vision to a more tenable sense. In a nutshell, the key points a graduate intending to open a medical practice can take from the article include taking time to develop an effective plan because it is vital in saving money and time in the long run, employ the GOST format, and to consult the experts to draw the business plan or explain its technical aspects.
References
Guglielmo, W. J. (2007). How to write a business plan. Medical Economics, 84(17), 42-6. Retrieved from https://lopes.idm.oclc.org/login?url=https://search-proquest-com.lopes.idm.oclc.org/docview/227802386?accountid=7374
