Dudley Eye Care, P.C.. So you graduated…now what?

Dudley Eye Care, P.C.

So you graduated…now what?

The Advantages of Private Practice

• I get to set my own hours

• I get to set my own eye exam prices

• I get to sell my own contacts and glasses

• I get to spend more time with my patients

Use UABSO ‘s resources

• Contrary to popular belief your professors are not here to make your life miserable…GET TO KNOW THEM!

• Get to know the frame reps• Get to know the contact lens reps• Get to know Michelle in optical• Start looking at exam forms and other

paperwork

Supplementing your Income

• My work schedule is crazy!

• Mondays, every other Wednesday, and every other Saturday I work outside my practice

• Tuesdays, Thursdays, Fridays, and every other Saturday I work at my practice

• I work 6 days a week

Find a Mentor!

Parisa T. DudleyOffice Number: 205-424-9608

Email: [email protected]

Your 4 new friends

• Attorney• Accountant• Commercial Lender• Commercial Builder (if you are

building your own practice)

Location Location Location

• Make use of the local Chamber of Commerce

• Find out projected growth in the area

• Find out traffic flow on your road

• Become a member!

What comes first?

• Set up your TAX ID (attorney)• Set up your Corporation (S corp

vs. C corp) (accountant)• If you are building your practice

find out if you need a Commercial Builder or if you can apply for the Builder’s Permit yourself and hire out the subcontractors.

• Business Plan- took about 1 month

(How many patients do I have to see per day to make this work?)• Pick a bank and find a good

commercial lender

Design It!

• Do I need to hire an architect?

• Eye Designs- pricey but good!

• Apply for your builders permit from your City inspector’s office.

How many business licenses do I need?

• AL State Sales Tax- for selling contacts and glasses

• 2 County licenses (in AL)-one for you as a doctor, one for your business

• 1 Local City License

(Most forms you can find online)

What else do I need?

• 2 NPI numbers-one for you as a doctor, one for the business (apply online)

• DEA number? (apply online, good for 3 years)

• Malpractice insurance (AOA)

• General insurance for equipment and office (Allstate)

Sales Tax

• Sales tax is due the 1st of every month NOT the 20th. The 20th is the grace period. You get a tax break if you file early!

• State of Alabama 4% Sales Tax

• County 2% which is broken down into 1% Educational Tax and 1% Sales Tax

• City of Bessemer 3% Sales Tax

Applying for the BIG 3 Medical Insurances• BCBS• Medicare-fill out 3 forms, one

for you as a doctor, one for your practice, and one rendering your services over to your practice.

• Medicaid-fill out 2 applications, one for you as a doctor, one for your practice

• This can take up to 60 days so start early and go online to download the forms!

Vision Insurance

• You don’t have to take every insurance out there.

• Decide who pays well and apply for a provider id.

Other Accounts

• Frames• Contacts• Labs• Optical supplies• Buying groups• Pharmaceutical reps

Don’t give up!