• Consider joining an existing practice

    As an alternative to starting your own private practice, you may elect to consult to an existing private practice.

     

    By consulting to an existing private practice you have the opportunity to gain experience, increase your client base, and enjoy added flexibility as management of the practice can be left to the practice's manager.

    We've identified three steps to consulting to a private practice:

    Avant's Getting Started in Practice Steps identified to consulting to a private practice

    Step 1 - Find the right practice

    You will need to find a practice that is a good cultural fit for you and that will complement your skills and specialty. You might want to ask yourself some questions:

    • Is there a need for my service in this practice?
    • Will it generate many leads from other practitioners?
    • Is the location the right area for my specialty?

    There may even be the option of consulting at multiple practices.

    Step 2 - Seek professional advice

    Planning and preparation are essential to success. Seeking advice from an expert could save you money and reduce business risks later.

    Indemnity Tax Financing

    Get the right level of cover for you with Avant Practitioner Indemnity Insurance. Avant can ensure you are covered for your personal risk as a practitioner, allowing you to focus on your patients.

    Tax advisors can advise on business structures that could maximise profit and suit your desired level of risk.

    Legal advisors can ensure all your contracts are fair and reasonable, protecting your personal interests.

     

    Step 3 - Assess the practice's management

    Knowing all the details involved in setting up your own practice may not be relevant to you at this time. It may, however, be helpful for you to assess the stability and longevity of a practice you are considering for your consultancy.

    How Avant can help

    Avant understands that starting or joining a private practice can be expensive. This is why we created the Avant Getting Started in Private Practice (GSIPP) Program; to help ease financial pressures in the first years by offering substantial savings on your Avant Practitioner Indemnity Insurance Policy.* Just another way Avant is delivering on our promise to provide more benefits to our members.

    Getting Started In Private Practice 4 year discount scheme

    To find out if you are eligible, or to apply visit: avant.org.au/newprivatepractice

     

    * IMPORTANT: Professional indemnity insurance products are issued by Avant Insurance Limited, ABN 82 003 707 471, AFSL 238 765. The information provided here is general advice only. You should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs before deciding to purchase or continuing to hold a policy with us. The discounts do not apply to previous or existing members of the Getting Started in Private Practice scheme and only apply from the first year a member becomes eligible and subject to eligibility rules. For the eligibility rules and full details, please read the Getting Started in Private Practice Member Eligibility Rules at avant.org.au/newprivatepractice or by contacting us on 1800 128 2681800 128 268 FREE.