medical practice management dallas tx

Physicians improve their medical office efficiency and profitability with the help of expert practice management consultants.

medical billing and coding

Keep your practice running smoothly and under complete financial control with our consultants' expert billing, coding and collecting assistance.

medical credentialing consultant

We ensure your practice maintains credentials with essential entities like insurance providers, care facilities, IPAs, and licensing organizations.

Geography – What REALLY Matters to a Medical Practice

Remember that saying in real estate, “location, location, location?” Well, the same principal applies to physicians looking to optimize business through specific geographic placement of their medical practice. Believe it or not, there’s more to it than just looking for the biggest city, the cheapest overhead, or the commute. In fact, many physicians who have multiple locations for their medical practice really need to take note of the significance of strategic development.

medical practice location, Medical Consulting Dallas, TXDetermine Your Prerequisites

Being a customer-dependent business, the most obvious thing to consider when opening a new medical practice facility is to always settle on a location that offers an over-abundant exposure to potential patients.

Additionally, however, there are less obvious factors that need to be addressed and considered, as well:

Practice Image
What kind of image are you trying to maintain, and is the location complimentary to that?

Competing Practices
Is there any comparable medical practice within a 5-10 mile radius of the location you desire?

Employee Environment
Is the area prime for finding potential employees, and what will their commute be like?

Future Growth
If you anticipate further growth for your medical practice, would the location accommodate expansion?

Juxtaposition to Patients
Would the medical practice be easily located and visible for local patients?

Safety
After having done research on the current local crime rate, is this practice location somewhere that employees will feel safe alone in the building or walking to their vehicles?

Zoning
Are you familiar with the zoning regulations and procedures applicable to the county you are looking to establish your medical practice?

Find out about how a property is zoned by contacting our leadership team.

Weighing Financial Cost

There are quite a number of financial considerations when opening a new medical practice, besides just knowing what you can afford in overhead. Here are just a few:

medical practice location consultant Dallas TXHidden Expenses
There are very few business-ready spaces available, so remember to include aspects like renovation, decorating, and IT system upgrades (among others) into the overall cost.

Taxes
Be aware of tax rates for the area and how to qualify for tax breaks on your medical practice. Also, be sure to research the recent trend in property tax fluctuations.

Government Economic Programs
Your business location will determine qualification for government economic business programs and incentives.

Understanding laws and regulations imposed on local businesses in a particular region is a fundamental key to the groundbreaking process. Whether you’re looking to expand your medical practice, or you’re just getting started, working with one of our medical consultants to maximize commerce will give you a supplementary advantage in the medical marketplace.

Let us assist you in knowing what is available to your medical practice in 2014. Contact our Dallas medical management consultants at 214-550-1469.