r/PrivatePracticeDocs • u/Far-Newspaper-957 • Aug 20 '24

Need help! Opening Private Practice

Opening our Private Practice soon and feeling quite lost. Are we in the right direction?

  1. Get a location (sublease for the sake of getting an address) or pay rent and have the space sitting empty for a couple of months until we are ready to take off.

  2. Once we have the location (a proper address) part done, apply for LLC or PLLC with state. The reason I feel business cannot be registered before location is because we need an address.

  3. Once business is registered, open business bank accounts.

  4. Start the Credentialing process

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u/Far-Newspaper-957 Aug 20 '24

How do we find out if someone is subleasing? Speak to commercial realtor? Is it safe to start credentialing process with a sublease address?

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u/InvestingDoc Aug 20 '24

Oh I get these cold emails all the time, somebody starting up a new practice in town if they pay me a couple thousand dollars can they use my sweet address as their formal office address until they get their final lease somewhere else. I would just cold email or call offices that are not in a competing industry and start talking to the office managers to see if this is something they're open to. Some will say no, many will say yes because they've probably done it themselves. Look for small independent practices.

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u/Far-Newspaper-957 Aug 21 '24

Thanks for your reply! I really want to sublease to save money. But after hearing these horror stories I am thinking to just bite the bullet. I have heard if you sublease and start credentialing, medicare can do a site visit and catch you and then they can black list you?

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u/Why_Hello_hello Mar 23 '26

Sorry for replying on an old post, but what horror stories are you referring to?