Remember that your patients (customers) sign your paycheck. Customer service is key. Hire the right people and create the right attitude by developing a culture together. Create a positive customer experience that will keep urgent care patients coming back to your center again and again.
What makes a successful urgent care?
To be successful, an urgent care needs at least 30,000 people within five miles, says Stoimenoff. The analysis also should include daily traffic counts on the street where it will be located, ease of getting in and out, number of parking spaces, and nearby competition.
How much can you make from owning an urgent care?
Estimated Profit Margin for an Urgent Care Centre
If the centre has one physician on staff, who sees two patients for a nine hour day, 5 days a week, at $150 per patient: $150 x 2 x 9 x 22 = $59,400 per month. That comes out to approximately $713,000 annually.
Is opening an urgent care profitable?
How Much Money Does the Urgent Care Industry Generate? Experts are projecting that the entire urgent care industry will be worth more than $18 billion by the end of 2017. With industry growth expected to be 5.8% each year from 2016-2018, you can see that urgent care franchises have a lot of potential.
How do I open an urgent care center?
Make sure to analyze demographics and market conditions in the community where you plan to open your urgent care. Select a location near your ideal target patient population, then design your clinic to best serve them.
Why is urgent care so expensive?
First, urgent care centers generally have a higher overhead cost than a traditional clinic. While they are not dealing with life threatening issues like an emergency room, they do have to plan and staff for the unexpected. … This is one of the biggest factors in a higher copay for urgent care.
Are urgent cares good investments?
“Urgent care shows steady growth, predictable margins and private investment from all sectors: private equity, angel investors, health insurers and health systems,” Tom Charland, long-time consultant to the outpatient care industry who follows the urgent care market through his company, Merchant Medicine, wrote in his …
Why are urgent care centers growing in numbers?
Both urgent care centers and retail clinics have continued to grow across the U.S. as patients look for convenience and affordability, creating competition with traditional hospital and physician practice services. Almost 97% of urgent care patient encounters lasted one hour or less, the report found.
Is urgent care a franchise?
The Urgent Care Franchise Cost
As with any lucrative industry, you should be prepared to make an investment and understand exactly what that investment will yield. Our royalty fee (6% of gross sales) is industry standard and our franchise fee is a low $55,000, with a total investment up to $1.5 million.