It’s time to moonlight…..
Cold starting a private practice can require a massive amount of time, perseverance, and most importantly, cash. On average, doctors will require between $200,000 to $300,000 to cover the working capital, equipment and tenant improvement needs of the cold start up. As a condition of approval (COA) for the financing, most banks could require a start-up doctor to work a job for the first year of their startup. This is commonly referred to as moonlighting.
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