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According to research by Policy Advice, in the year 2019, Americans spent $3.65 trillion on healthcare, which amounted to 18% of the country’s GDP. In addition, the healthcare industry is the country’s largest employer attracting talented individuals from across the world. For entrepreneurs planning to start a health-based business, the possibilities are endless. But as with any business, there are risks and challenges which need to be accounted for. Today, The MD Preferred Network explores the precise steps entrepreneurs should follow to launch and manage a successful health-based business.