We are open with extended hours. New Patients for OrthoNOW Start Here.
English
Español
Orthonow live

OrthoNOW

Network of Orthopedic Urgent Care Clinics

Aventura Biscayne Doral
New Patient Form COVID-19 Screening Form
Immediate Orthopedic Care

CORPORATE

(305) 537-7272
(305) 537-7272
  • Services
    • TeleHealth NOW
    • Stem Cell Therapy & PRP Injections
    • Diagnostics
      • Digital X-Ray
      • Ultrasound
      • Fluoroscopy
      • MRI
      • Pre-concussion testing
    • Consultations
      • Acute Injuries
      • Arthritis
      • Auto Accidents
      • Chronic Pain
      • Fracture/Broken Bone
      • Pediatric Orthopedics
      • Pre-Concussion Testing, Diagnosis and Management
      • Pre-employment Physicals
      • Preventive Health
      • Sports Injuries and School Physicals
    • Rehabilitation
      • Physical Therapy
      • Occupational Therapy
      • Electro Neuro Muscular Therapy (ENMT)
      • Athletic Injury Rehabilitation
      • Work Injuries
    • Workers Compensation
    • Bracing, Splinting & Casting
    • Laceration & Suturing
  • Treatment Areas
    • Foot & Ankle Care
    • Hand & Wrist Care
    • Hip & Knee Care
    • Lumbar & Cervical Spine Care
    • Shoulder & Elbow Care
  • Insurance & Pricing
    • Insurance Accepted
    • Self-Pay Pricing
    • Workers Compensation
  • Wellness
    • PRP/Stem Cell Therapies
    • OrthoNaturals® CBD
    • OrthoNourish
    • Well-Being Program
    • TeleHealth NOW
  • About
    • Meet Team
    • Corporate News
    • Referring Physicians
    • OrthoNOW History
    • On My Way NOW App
    • FAQs
    • Testimonials
    • Our Blog
    • Contact Us
    • Investing in OrthoNOW®
  • Locations
    • OrthoNOW Live
    • Doral
    • Biscayne
    • Aventura
    • Doral Rehab
  • Technology We Use
    • On My Way NOW® App
    • Telehealth
    • Patient e-Referrals
    • Electronic Registration
    • Medical Records
    • Data Analytics
    • COVID-19 Screening
    • OrthoChat™ (peer to peer)
    • Orthonow.net
Home » Blog » Medical Franchise Revenue Streams

Medical Franchise Revenue Streams

March 28, 2017 by OrthoNOW Leave a Comment

One of the franchising sectors experiencing the largest growth right now is the medical franchise industry. Owning a medical franchise can not only be personally fulfilling, but financially beneficial. Due to their popularity, medical franchises offer the opportunity to generate more revenue than most other franchises in existence. Here are some ways that you can profit from medical franchise revenue streams.

 

  • Less cost upfront. Medical franchises tend to cost less up front than many other types of franchises. As a result, you’ll be seeing profit sooner with less initial investment.
  • Growing demand. As mentioned earlier, there’s a growing demand for medical franchises. Consumers are increasingly choosing urgent care or walk-in clinic medical franchises instead of the emergency room or primary care practices. Urgent care businesses alone occupy more than 7,100 locations across the United States. And new, specialized care centers that operate like urgent care centers are growing in popularity. Medical franchises like OrthoNOW offer specialized care to patients seeking care for more than a cough or cold. As consumers are more likely to choose a medical franchise than a standard practice, if you’re an owner you reap the benefits. There is no end in sight to the demand for more urgent care and specialized centers in the U.S.
  • Cut the red tape. When you buy a medical franchise, it comes with a built-in support system. Independent practices may have a harder time keeping up with changing laws on the national, state, or local level. But, if you operate a medical franchise, it comes with a well-known brand that can keep up with these types of things for you. Additionally, insurers know the parent company of your associated franchise and know that you’ll have backup. Franchises also have the money to do lobbying and advocate for favorable laws – things that independent practices just don’t have.
  • Care is more economical for the consumer. Medical franchises are so popular with consumers because of the decreased cost in medical care associated with them. People know that if they head to the emergency room, they’re going to be paying a lot more money for a simple treatment than if they were to visit a medical franchise location. As an example, most visits to general urgent care centers will cost the consumer less than $200. That same type of visit at an emergency room could cost upwards of $600. As a medical franchise owner, you will reap the revenue of this passed on benefit to the consumer.
  • Expansion. When it comes to medical franchises, the best part of their popularity is the room for expansion, specifically when it comes to specialized care centers. Though urgent care centers are popping up on every corner for primary care, specialized immediate care centers are less frequent, though no less popular. Franchises like OrthoNOW offer specialized care in an urgent care setting. Instead of going to a primary care physician and getting a referral, the patient can go directly to the specialized care center to receive treatment from a specialist on site. There are nearly unlimited expansion opportunities for specialized  medical franchises.

 

No matter what type of medical franchise you’re looking to open, you’ll most certainly reap the benefits investing in the fastest growing business segment in the US today. Not only are you leveraging critical timing to invest, but you’ll be providing better care to those in need.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Contact Us

Ask Our Staff A Question.

  • This field is for validation purposes and should be left unchanged.
Orthonow Live
NOW you have options
Telemedicine FAQ's

Most Recent Orthopedic Blogs

  • How Being Overweight Increases the Risk of Orthopedic Injuries

  • The Value of Physical Therapy for Weight Loss

  • Safety Tips to Prevent Injuries when Using Fireworks

  • Three Injuries to Avoid When Lighting Fireworks

  • Benefits of Having Orthopedic Urgent Care Walk-in Centers

  • Should I Exercise with a Face Mask?

  • We’re Open and Accepting Appointments

  • For Social Distancing Reasons, Switch to Telemedicine and Direct Appointments

On My Way NOW App

Easy Access To Help On My Way NOW App

Because Injuries Don’t Happen by Appointment®

  1. Connect with Clinician for help
  2. Send photos of injury
  3. Locate nearest OrthoNOW
  4. Driving directions – Map integration
  5. Get post-treatment updates
  6. LEARN MORE. . .
APP Store
OrthoNow
Orthopedic Care for Every Body™

(305) 537-7272

No Appointment Necessary

Services

Treatment Areas

Insurance & Pricing

Wellness

Workers Compensation

Blog

About

Locations

Patient Login

Licensing Opportunity

Investor Relations

Careers

Referring Physicians

Get On My Way NOW® App

App App Learn More » Mobile App
Connect With Us:
Facebook Twitter You Yube Linkedin Instagram