FREQUENTLY ASKED QUESTIONS - Direct Primary Care
1. How easy will it be for me to convert my existing medical practice into The Practice clinic?
If you have an existing medical care business, we make converting it into The Practice clinic easy and refer to this as a Conversion Model. In most cases, we expect that you are able to utilize your existing technology, equipment, furnishings and fixtures so long as such items meet our specifications. The total investment to convert your existing medical care business into The Practice clinic is estimated to be $99,900 to $146,000. This is inclusive.
2. What is the franchise fee and what does it include?
The franchise fee is $30,000 and includes our comprehensive ten day training program, a functional local website, a copy of our proprietary operations manual, and onsite assistance. Regardless of whether you are converting your practice or starting up a new practice, the franchise fee is the same.
3. Do I need to be a physician to own The Practice franchise?
It is preferred you have medical experience, but it is not required. Our program is setup so that a non-medical professional can buy into a franchise: however, the law requires a non-medical professional to partner with a licensed physician(s) or a Professional Corporation (PC) who manages licensed physicians who will provide medical care. Regardless of whether you are a licensed physician or not, we expect our franchisees to form a professional corporation whose function is to manage a group of licensed physicians that will be providing medical services. If you are not a licensed physician, due to various federal and state laws, you are prohibited from providing medical care services.
4. Do I get a protected territory?
Yes. As The Practice franchisee, you receive a large protected territory; we will not operate or allow anyone else to operate another The Practice clinic in your area. Unlike other franchise systems, you will not be charged for air, meaning fees are not determined by the size of territory you are awarded.
5. How long is your training program?
We provide you with a comprehensive ten-day training program at our corporate headquarters. You will learn about our membership model and how to create a network of approved specialists, as well as our philosophy, alternative medical treatments, nutritional counseling, and our proprietary health education presentations.
6. How big a space do I need?
Typically, The Practice clinic operates out of a 1,500 to 3,000 square foot facility, but this depends on how many physicians you wish to have in your business. This includes a reception area, separate physician’s office, private patient rooms, a break room, and restrooms. If you are converting an existing practice, we expect that you may not need to make any changes to your existing space.
7. How long is the term?
Our term is seven years with the option to renew at the end of your term. Your cost is minimal at only $10,000 per franchise.
8. Do you offer financing?
At this time, we do not provide financing; however, we may be able to provide you with some financing resources.
9. What will it cost me to start-up my own The Practice clinic?
To start your own The Practice clinic this is what we refer to as a Standard Model. Total costs to open a Standard Model is estimated to be $179,300 to $415,850 and includes everything from equipment, furnishings, fixtures, staffing, working capital and more.
10. How do I get started?
Our process is simple and you just made the first step. Let’s setup a phone conference to give you an opportunity to learn about us and give us an opportunity to learn about you. We are interested in knowing about your background and goals. After our initial conversations and if it makes sense, we will send you additional information and set a time to speak with our founder, Dr. Mensink. If all conversations go well and we both determine we are a match then we will provide you with our Franchise Disclosure Document, invite you out for a discover day, and begin to solidify our relationship.