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The Pros And Cons Of Leasing Vs. Buying

What to Ask for/Expect in Your Commercial Lease

Group Practice vs Private Practice

What is a Commercial Lease?

Market Assessment/Demographic Research

How To Choose A Medical Management Firm

The Mystery Of Medical Transcription

In House Medical Billing vs. Outsourcing

How To Choose A Medical Billing Company

Employee Benefits

Business/Casualty Insurance

Retirement And Estate Planning For Physicians

Events

How to get a DEA license

Merchant Services – ACH Payments

How to Choose a Medical Legal Firm

What Is Money Factoring?

Document Imaging

How to Find a Medical Management Firm

What is a Medical Commercial Building?

Building a Team of Experts

How to Find a Medical Legal Firm

How To Choose A Medical Doctor’s Insurance Company

The Best Software for Doctor’s Offices

How to Choose a Medical Bookkeeper

The Mystery Of Doctor Credentialing

How to Prepare a Cash Flow Analysis

Private Practice vs Hospital

The Mystery Of Medical Transcription

In-House Human Resources vs Outsourced

What is HIPAA Compliance?

Long-Term Care Insurance

HIPAA & OIG Compliance Plans

Life Insurance

Promotions

OIG Compliance

Advertising

Direct Mail Marketing For Your Medical Practice

Capital Funding Needs: Pre-Opening, Opening

Equipment Selection Process

How to Find a Medical Practice Lender (resources)

Medical Office Structure, Layout And Design

Recruiting

How to Purchase a Commercial Building

HITECH Act of 2009

College Savings Accounts

Patient Experience

HITECH Compliance

How To Choose A Medical Collection Company

Medicare And Medicaid Audits

What Is A Marketing Mix?

How to Find a Medical Bookkeeper

The Mystery of Doctor Credentialing

Build Or Buy: In-House Medical Coding Vs. Outsourcing

HMOs vs PPOs

What Is A Merchant Processor?

The Pros And Cons Of Money Factoring

Leasing Medical Equipment Vs Buying

In-House Human Resources vs Outsourced

Types of Commercial Loans for Buying a Commercial Condo

What Is A Commercial Condo?

Determining Location Options

The Medical Coding Company That Could

What is an NPI, difference NPI 1 VS 2?

Purchasing a Commercial Condo

What is Fraud Investigation?

The Mystery Of Medical Coding

What Is Practice Succession Planning?

Overhead Business Expenses

Patient Education

Communication Vs Branding

How to Determine a Timeline to Open Your Medical..

Information Systems and IT for Doctors

In-House Doctor Credentialing VS. Outsourcing

The Medical Coding Company That Could

Practice Publication Marketing

Practice Social Media

Capital Funding Lenders

How To Choose A Merchant Processor

Leasing Medical Equipment

How to Create a Draft of the Employee Handbook

How to Find a Medical Accounting Firm

How To Choose The Right Corporate Structure For Your Medical Practice

Practice Direct Mail Marketing

The Mystery of Medical Staffing

Doctor Credentialing With Hospitals And Insurance Companies

Must-Have Medical Doctors Insurance

How To Choose A Medical Transcription Company

Setup Your Practice

Advertising

What is Money Factoring?

Setting Up a New Practice

Your Medical Practice Opening Check-List

Logo Development

How to Choose a Medical Practice Lender for …

What is Medicare, Medicaid, etc?

Merchant services – credit cards

Mission, Vision, and Values

Asset Protection

Estate Planning

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How to Choose a Potential Office Location

Forget about experience, credentialing, marketing, and finding the perfect community of patients.

The success of your new medical practice is all about location, location, location.

When choosing a potential location to open your practice, measure its promise against Sherlock Doc’s handy Location-o-meter:

Does the cost of renting or purchasing the property fall within your budget? Remember that the last thing you need when starting a new business is to worry about paying the rent.

If you’ve found a location that’s within your price range, give yourself 5 points.

What’s the cost of business insurance on the location? Will the addition of property and business taxes blow your budget to smithereens? Add taxes and insurance to your rent and mortgage. If you still come out on top, add 5 points to your score on the Location-o-meter.

Consider noise from neighbors, traffic, construction, and other nearby annoyances. Will any of the sounds inside or outside the location bother potential clients? If not, give yourself another 5 points.

If the office is located in a neighborhood that is easily accessible by your ideal patients, give yourself 5 points. If your ideal clients live in the neighborhood itself, give yourself an additional 10 points!

If most of your patients must drive to reach your office, is there ample parking available? Consider cost and convenience when evaluating parking options. If parking is a breeze at this location, give yourself 5 points.

Does the location fit the feeling of your business’s brand? You might want lots of sunny natural light and modern architecture, or a cozy private haven that makes patients feel safe. If the location has the vibe you’re looking for, give yourself 5 points.

Add up your score to see if this location is the perfect fit for your new practice!

If you scored 25-35 points, go ahead and sign on the dotted line because you’ve found your dream space.

If you scored 15-24 points, keep this location in your back pocket as you continue to search for other options.

If you scored 14 points or less, forget this location and keep looking for the perfect home for your future medical practice.

To learn more about doctor credentialing, insurance, coding, outsourcing, and everything you need to establish a successful healthcare practice, follow all of Sherlock Doc’s adventures on the DoctorsBusinessNetwork.com or Doctors Business Channel on YouTube!.

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