he has a tiny space, say $1000 per month including phone and Internet access; plus $100/month for his cell phone.
General liability is about $350 per year; an unknown amount of malpractice is on top of that.
So his cost before malpractice insurance is say $15K . He doesn't run his own pharmacy, will be doing his own transcription, and presumably his own bills.
The article claims that all his startup costs including software to run his practice is $15K. It seems he will be collecting payment at time of service and will not be working for Medicare/Medicaid.
Look at my post above.
Medical equipment is EXPENSIVE. I learned when working in third world countries, I was not trained to take care of patients without the tools of the traid.
Office space is expensive. If the landlord knows you are running a medical practice, your rent will be much more than $1000.
Unless you are running a cash clinic, the software required just to submit the bill is very expensive. If you are lucky, you can find something that you can use that will let you track appointments, labs, dictations, ect. But that kind of software is by lease only. They will customize the software to your needs but that is very expensive. Ten years ago, the software we used cost us about $20,000 per year per office and that was a discount price.
After you have managed to turn a profit, you still have self employment taxes and benefit expenses that are just painful.
Most people are not aware of the cost to do business, all business, not just medical. A business is a labor of love, most people could do better working for someone else. And that is just how the government wants it.