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DPCJ Poll: “Did you go into debt to start your DPC practice?” If so, how much still remains?

(C) 2016, 2017, 2018 | The DPC Journal

In 2018 alone, nearly 58% of DPC Physicians said debt for their startup in DPC was an average of $92,083.33 per practice. ~DPC Journal, Jan-May 2018 Physician Poll. The Association of American Medical Colleges reports that the average medical school debt balance for graduating physicians in 2015 was $183,000, and is no doubt higher today. Add that burden to their average undergraduate balance of $24,000 and the total average student loan balance for a doctor is $207,000.

By The DPC Journal, Staff Writer

JUNE 2018 – One of the riskiest times for any business especially those in the direct-pay, private medical marketplace is when it first opens. In the first two years, three of every ten start ups go out of business according to the US SBA.

 

Keep expenses down. Look for every possible way to save. This will allow you to keep going longer, hopefully until revenue starts to cover your practice expenses. Postpone unnecessary purchases, or pick up a broom and clean the office yourself. Do it all yourself, for as long as needed. Polls from our readers at The DPC Journal report that the majority of DPC and private, direct-pay practices employ less than 2 employees per year.

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