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Running Head: ENGLISH 3 1 ENGLISH 3 Student Name Course Name Institute Name Date

ENGLISH 3 2 WHAT RESOURCES ARE NEEDED TO START A MEDICAL BUSINESS IN THE UNITED STATES? In the United States, starting a medical firm necessitates a range of resources. Here are the important ones: Business Plan should describe your company's goals, objectives, and operational strategies. A thorough financial approach with predicted income, costs, and profitability should also be included (Kulkov, 2023). Legal Requirements: Register your company, get an Employer Identification Number (EIN) from the IRS, and be familiar with your state's healthcare laws. This can entail acquiring the required licenses and permits (Kulkov, 2023). Medical Knowledge and Abilities: The kind of medical enterprise you're beginning may require specific medical knowledge and abilities. This can include using qualified medical specialists (Kulkov, 2023). Capital: It may be expensive to launch a medical business. You'll need money for starting expenses like furniture, office space, and employee salary. You could need to acquire investors or obtain financing (Kulkov, 2023). Equipment and Supplies: Depending on your line of work, you could require medical equipment and supplies. This can include fundamental medical devices or cutting-edge diagnostic equipment (Kulkov, 2023).

ENGLISH 3 3 Insurance: Medical firms must carry insurance to protect themselves against potential liabilities. Malpractice, general liability, and property insurance are examples of this (Kulkov, 2023). Marketing: You need a marketing and advertising plan to draw in patients. Websites, social media, and conventional advertising techniques may all fall under this category (Kulkov, 2023). Office Space: You can require office space depending on your business. This might be a hospital, a clinic, or a home healthcare company (Kulkov, 2023). Hire Staff: Medical professionals, nurses, office personnel, and more employees. You must also be familiar with labor regulations and give the required training (Kulkov, 2023). Record System: An EHR system is essential for keeping track of patient information, setting up appointments, and processing payments (Kulkov, 2023). Do not forget that beginning a medical practice is challenging and involves meticulous preparation and adherence to several rules. To make sure you're abiding by all legal laws, it's advised to speak with a business adviser or attorney (Kulkov, 2023). REFERENCES Kulkov, I. (2023). Next-generation business models for artificial intelligence start-ups in the healthcare industry. International Journal of Entrepreneurial Behavior & Research , 29 (4), 860- 885.

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