Developing a Medical Group Practice can be rewarding both professionally and financially but is a time consuming endeavor.  Strong physician leadership and physician members whose financial goals are similar and who share the same standards for quality are essential. Among the key elements to be addressed include:

• Define the legal and organizational form
• Define the mission and values
• Identify the participants
• Develop organic documents
• Develop a strategic/business plan
• Arrange financing
• Employ management

While counsel plays an integral role in the development of a Medical Group Practice, a team approach including physician leadership, accountant and management is also required.