Medical business is a type of entrepreneurial activity for the provision of services for the diagnosis, treatment and prevention of diseases. The business entity is a private doctor or an entire clinic, and the cost of providing medical care, taking into account the added value, is compensated by the patient.

Preparing to Open a Medical Business

Opening any business begins with analytics, developing a plan and strategy. It is necessary to make sure that the service in the field of medicine will be really in demand and that the investments will quickly pay off and begin to make a profit. You also need to understand that in order to provide medical care; a clinic or a private specialist must obtain an appropriate license and pay a state fee.

To organize your own business, it is recommended to open an LLC – choose a founder, general director, chief accountant, open a bank account and pay the minimum authorized capital. In addition to the license, a list of the following documents must be prepared:

• Sanitary and epidemiological conclusion;
• Registration certificates for equipment, consumables, medical furniture;
• Employment agreements with employees who will work in the medical center;
• Copies of diplomas and certificates for each specialist admitted to the state.

Choosing a location is another important preparatory step in planning your healthcare business. Transport accessibility and good cross-country ability are the basic criteria for choosing a location. It will also be necessary to recruit qualified personnel, order equipment and supplies, spend money on promotion and advertising.

13 Medical Business Ideas

Modern medicine provides a lot of opportunities to start your own business. New methods of treatment and diagnostics, new drugs and procedures that will be in demand among patients regularly appear. 13 examples of business ideas are collected in this review.

1. Dental Office

Dentistry is one of the first areas of medicine that has passed into private hands. With the right choice of location, you can successfully compete with colleagues and quickly reach payback.

2. Ophthalmological Clinic

The list of medical services of the institution will include a complete diagnosis of vision, patient counseling, selection of glasses and contact lenses, laser, surgical and surgical treatment.

3. Development and Sale of Medical Applications

Business goes online, so today every clinic and medical center needs an intuitive, user-friendly smartphone application. To implement a business idea, you will need a team of IT developers and competent marketing.

4. Production of Dietary Supplements

Although dietary supplements are not classified as drugs, they are popular due to their safety and ability to support health. For the development of retail trade, it is necessary to conclude an agreement with pharmacies or engage in direct sales.

5. Department of Physiotherapy

Start-up capital in the medical business will be required to purchase a set of devices – for electrophoresis, phonophoresis, darsonvalization, magnetotherapy, ozone therapy, etc. One of the branches of the industry is the rehabilitation of athletes after sports injuries.

6. Health Coach

This is an option for a thriving and profitable business for one or two doctors. A trainer is a specialist who helps to make courses of anabolic steroids and monitors the health of athletes.

7. Preparation of Medical Certificates

The conclusions of doctors are required when applying for a job, obtaining a driver’s license, for entering a university, for carrying weapons, managing ships, etc. The main emphasis will have to be placed on diagnostics, so the purchase of equipment will be required.

8. Private Ambulance

A good alternative to the municipal ambulance, only more efficient and comfortable. Modern cars, latest generation mobile equipment and a full range of medicines are the main components of success in the business of this segment.

9. Department of Obstetrics and Gynecology

A private center should attract women with high service, attentive staff and reasonable price tags. The range of medical services is quite extensive – consultations, diagnostics, treatment, pregnancy management, pediatrician and neonatologist appointments.

10. Pharmacy Network

The sale of medicines is the most profitable business with excellent prospects. You can sell not only medicines, but also cosmetics, hygiene items, diagnostic devices. Points of sale with the status of “pharmacy” also have the right to manufacture medicines.

11. Sale of Medical Equipment at Retail

To develop in this area, it is necessary to establish contacts with potential buyers and choose the right niche for the implementation of the idea.

12. Production of Consumables

Disposable syringes, drip systems, dressings, wipes, test strips – this is just a small list of products that will always be in demand in medicine.

13. Private Venereologist

It is more comfortable for patients to resolve any sensitive issues of a medical nature in private. In the department of venereology, the client should be able to be examined and receive treatment, ideally with a guarantee of anonymity.