Whether establishing a solo practice, joining a group, or purchasing an existing practice, this comprehensive resource provides in-depth information on the fundamentals of strategic practice management and future planning for the medical practice. It tackles options, challenges, and trends related to business and practice management facing medical practices, and strengthening your position to thrive for many years to come. A valuable educational resource, Starting, Buying, and Owning the Medical Practice outlines the strategic options and alternatives available when determining the most appropriate models and methods for successful stability and growth. Organized in two sections, the first part provides both practical and operational functions of a practice's start-up, including such considerations as legal, financial, and personnel. Part two focuses on practice ownership and structure models that have emerged in the health care industry, including private ownership, physician alignment strategies, and the physician as an employee. Beneficial tools and guidelines help strengthen the physician's current position within the practice regardless of the health care venture they are in or planning for the future. This book provides business insight to questions asked and challenges faced by practices today, as well as how recent trends have impacted physician decision making for future needs. Features include: * Current health care trends -- aids in strengthening the physicians current position or determining the position they are most comfortable in when planning for a successful future * Basic planning guidelines -- assists physicians in understanding fundamentals and organizational alternatives to help make informed decisions to grow their practice's success * Charts and graphs -- provide visual applications that emphasize the principles presented * Easy-to-read format -- geared to a wide range of health care personnel in various envir