Quote:
Originally Posted by Unregistered
the old timer GP probably not lousy. Most of them do their 5 years with some stint in polyclinic that see 80-120 patient a day. Trial by fire
Nowadays ? Aiya, all the bond breakers. I've seen 2021 local male graduate break bond immediately after NS and have their nameplate on clinic doors. These are the CMI doctor who give loratadine for URTI runny nose and combiderm for all rash
Nowadays clinics like this a plenty. All essentially selling MC. Space is very competitive. You rent a place with good footfall, u need to work long hours to get the patient numbers. First 20 patients of the day goes to rent, another 5 to 7 patient to pay receptionist, utililities etc. First 30 patient of the day is to break even only. Dun open from 8am to 9pm how to earn decent money. Sunday close is money lost, so suck thumb go open evening slot as well. Have to be extra nice to patient because such patient has no loyalty.
you are trained properly with a m.med at the least, you are selling expertise rather than time. Find a more ulu place with lower rent. First few years will not huat but patient also not dumb. Long term , you are good and solve their problem , they will return even if u charge a bit more expensive. |
HDB void deck rent at a decent location is still around 10-12k if you can find a good deal and optimise the space well. Average price of consult + Medicine is around 50-60 dollars. Therefore u need to see 200 patients a month to break even or 50 a week. That would mean only the first 10 patients or first 2 hours of each day is spent on overheads. 2 nurses- around 5k a month in total so thats the next 5 patients. Assume the next 3 patients go on other miscellarnous expenses. Everything right before and after lunch then goes to profit. Assume a full day is 8 hours of work and u can see 5 patients an hour, thats 22 patients worth of proft. Around 1100-1320 dollars a day. Now multiply that by 22 work days a month(5.5 day work week) and adjust slightly upward for higher fees on Saturday mornings. Basically equal to 24 days a month. That is around 25-30k a month on a reasomable footfall, with no scale and no locums hired to extend opening hours. Additionally, costs are yet to be optimised and one can also scale to more locations in the future. Not bad at all for a 28 year old