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Starting a Ketamine Clinic: Who Can Start One, Costs, and Common Mistakes


Starting a Ketamine Clinic: Who Can Start One, Costs, and Common Mistakes

Peeling Back the Curtain on Ketamine Clinics: A Candid Chat with Sam Ko, MD

Setting the Stage for Ketamine Therapy

Ever wonder what it's like to administer ketamine therapy in an emergency department? Dr. Sam Ko, a seasoned pro in the field, shares his insights. He emphasizes the importance of creating a positive mindset in patients before administering the treatment. He shares heartwarming anecdotes of patients who, under the influence of ketamine, have experienced profound moments of joy, love, and gratitude. The power of IV ketamine therapy extends beyond its medical benefits, often leading to transformational experiences for patients.


Building a Ketamine Clinic from Scratch

Starting a ketamine clinic might seem daunting, but Dr. Ko assures us that with the right resources and support, it's entirely achievable. He discusses the nitty-gritty details of setting up a clinic, from obtaining the necessary licenses to finding the right space. He also highlights the diversity of professionals who can open a clinic, ranging from family practice physicians to psychiatric nurse practitioners, depending on state regulations.


Investing in a Ketamine Clinic

A significant portion of the initial investment in a ketamine clinic goes towards equipment and construction. Dr. Ko shares his own experience, estimating an initial investment of around 75k. He breaks down the major expenses, including equipment, build-out costs, malpractice insurance, and staff salaries. He also emphasizes the importance of having a financial runway, as patient inflow can be slow in the early stages.


Attracting Patients to Your Ketamine Clinic

Attracting patients to a new ketamine clinic can be challenging. Dr. Ko shares that self-referral and word-of-mouth were the primary sources of patients when he first started. Over time, as the clinic became more established, referrals from other healthcare professionals increased.


Avoiding Common Pitfalls in Starting a Ketamine Clinic

One common mistake people make when starting a ketamine clinic is treating it as a get-rich-quick scheme. Dr. Ko warns against this mindset, emphasizing the importance of being mission-driven. He recommends that potential clinic owners read Simon Sinek's "Start with Why" to help them understand their motivations for starting a clinic.


Ready to Start Your Own Ketamine Clinic?

If you're an emergency medicine physician thinking of starting your own private practice, we hope this conversation with Dr. Ko has inspired you to take action. Remember, starting a ketamine clinic is not an easy path, but with the right mindset and resources, it's entirely achievable. That being said, you can start this journey by taking our free Ketamine Clinic Masterclass today.


Hot Take

Starting a ketamine clinic is not for the faint-hearted or those looking for a quick buck. It requires a significant investment of time, money, and energy. However, for those driven by a mission to provide transformative experiences for patients and a passion for cutting-edge treatments like IV ketamine therapy, the rewards can be immense.

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