As in most things there are an increasing number of options to consider when planning the move or expansion of your office or expansion through satellite offices. Physicians can not only lease or purchase space, but also have various ownership options offered by the buildings and facilities. Considering not only these options, but also the features which are important to you will make sure your decisions will be made without regret.
Below are some of the following important considerations when developing a strategy for your real estate goals: |
| Building selection: Buildings must be designed to support the occupancy densities associated with those of healthcare services organizations, including greater than normal utility capacity, parking, operating hours, barrier-free and ambulatory access and internal design, and must protect patients’ privacy and dignity needs while forging stronger patient relationships. |
| Location: Determining the attractiveness of the area and buildings within your search is only the first step in considering location. Additionally the demographics of the surrounding residents and businesses are important in judging if the area provides a fit to your patient mix. This information also provides key clues into the expectations your patients will have for a physician, such as a short wait time and electronic medical records. |
| Financial Requirements: This will probably require a more sophisticated real estate inventory system, allowing a detailed financial analysis of each piece of real estate. A financially grounded plan will facilitate and maximize re-use or new use strategies, and will permit an analysis of what each space or parcel financially contributes or it can point toward a disposition strategy (e.g. sale, sale lease-back) or creative financing or re-financing program |
| Growth requirements: Although a ever changing environment makes growth projects often fluctuate, historical data combined with patient satisfaction and demographics can give an idea as to where you business will be in 3, 5, or even 10 years. Making these estimations are important in your real estate decision as deciding on a move can be costly not only financially but also in patient loyalty. |
| Developing a strategy which will effectively allow you to accomplish your patient, business, and services objectives, while maintaining and growing your patient relationships, and generating higher profits is my primary goal. Whether your organization seeks to acquire or dispose of real estate, or re-align it with your business objectives, I am here to help you and your colleagues make the best decisions about your business and real estate, both today and for the future. |
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