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BY DR. DAVID E. MARCINKO MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
Healthcare Business and Medical Franchises
The International Franchise Association (IFA) estimates that that about $1 trillion in sales, or 40% of all retail sales, were made through franchised establishment last year. On the positive side, franchises offer a branded practice concept with management training and access to proprietary methods, marketing and advertising campaigns and a host of support.
Moreover, there are franchises available for virtually every healthcare product or service, including: diet, weight loss and fitness; vein care and laser surgery; vitamins, nutriceuticals and pharmaceuticals; plastic and cosmetic surgery; dermatology, tanning and skin care; home healthcare and extended, etc. Some well know established healthcare and medical franchises are: Doctors Express, Being There Senior Care, Home Care Assistance, Personal Training Institute, Inches-A-Weigh, Remedy Intelligent Staffing, Visiting Angels, Unlimited MedSearch, prnYourHealth and Any Lab Test Now, etc.
On the downside, franchises incur high start-up costs, rules and obligations, payment of franchise percentages and many contractual obligations. Questions to consider when contemplating this business entity include:
- Franchise stability, track record, licensing and costs.
- Training, support and proximity of other franchises.
- Independence, ownership laws, contracts and dispute resolutions,
- Screening methods, market size and potential market share.
- Replacement cost and transferability?
For more information on Uniform Franchise Offerings Circulars (UFOCs) contact www.FranChoice.com or:
Frandata
1130 Connecticut Avenue, NW
Washington DC 20036
202.659.8640
International Franchise Association
1350 New York Avenue, NW
Washington, DC 20005
202.628.800
Also visit: www.aafd.org; www.franNet.com
INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-
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Filed under: "Ask-an-Advisor", "Doctors Only", Accounting, Alternative Investments, Career Development, CMP Program, Experts Invited, Health Economics, Touring with Marcinko | Tagged: Franchise Medicine, Health Care Franchise, Healthcare Franchises, medical franchises |
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