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BUSINESS
To get it right, do it yourselfOne internist thought electronic medical records were too expensive, so he developed his own and now sells the software.By Tyler Chin, AMNews staff. Nov. 4, 2002.
Making sidelines pay
Doctors who branched out beyond running their practice tell why they did it, how they did it, and what you should know before you do it. Contribute Name: Richard G. D'Antonio, MD, 48 Specialty: Internal medicine Location: Towson, Md. Business: Databases for Doctors Inc. It sells an electronic medical record that Dr. D'Antonio developed. It also resells speech recognition software, digital spirometers, Holter monitors and ECG systems at discounted prices to doctors who buy his $695 electronic medical record product. Annual revenue: $35,000. Why he started the business: Dr. D'Antonio's entrepreneurial itch dates back to 1985 when he left the military for private practice and began looking at billing programs. To his consternation, the cost ranged from $6,000 to $8,000 at the time. "I bought a computer and started [learning] programming. I initially wrote a billing program, and I sold that for a few years."
[...]
Business Pitch profiles are quick glimpses into the lives of physicians who are turning their interests outside of medicine into profitable enterprises.
Full text of AMNews content, including more about how this physician got into this business and what it's like balancing it with a medical practice, is available to AMA members and paid subscribers.
Copyright 2002 American Medical Association. All rights reserved.
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