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What to consider when evaluating office space, signing a lease, and attracting patients

Deciding where to open a medical practice or launch a new location is a big decision that ultimately affects the success of your business. In our first post on this topic, Opening a New Practice Location? What You Should Know, we covered how to research a community, assess the competition, and identify how to best serve your ideal patients. In Part 2 of this post, we’ll discuss some specifics of choosing office space, negotiating a lease, and how to design your space to work best for your practice.Read More

How practices can succeed in today’s competitive job market

Health care has the second-highest turnover rate after hospitality, and it’s increasing. According to Becker’s Hospital Review, a study of 11,000 health care employers with more than 11 million employees found the average turnover was more than 20 percent in 2017, up from 15 percent in 2010.Read More

Research is key for determining the best place to set up shop

Whether you’re opening your first medical practice or expanding an established practice to another location, where to put down roots is an important decision. It impacts how many and what type of patients you’ll attract, what services you can offer, and ultimately whether your business will thrive or not.

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Three key questions to ask yourself first

Maybe your practice is growing by leaps and bounds and you simply can’t keep up with the demand from new patients. Perhaps you’re looking to expand into other service offerings or open another location. Or maybe you’re becoming burned out and frustrated by administrative demands that are cutting into your time with patients. Whatever the reason, it may be time to consider adding another provider to your practice. Here are some questions to ask yourself first.

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Communication and training are keys to a smooth transition

“This is the way we’ve always done things.”

“Who has time to implement new processes into an already packed schedule?”

“This new technology seems complicated and unnecessary. What’s the payoff?”

These are common objections that practice managers and physician owners run into when making changes. Whether it’s a forced change, like using new diagnostic codes, or a change meant to benefit the practice, like implementing an EHR or other new technology, doing things differently can cause concerns and resistance from staff—unless you understand and approach change strategically. Here’s how.Read More