How To Expand Your Medical Practice

The goal of most companies is to expand and grow. The same is true for medical practices. Finding a way to help more people is altruistic, and can also be profitable if done correctly. With expansion comes risks that you may not foresee until it is too late. As you begin to grow your medical practice, here are ways to do it efficiently.

For more assistance with a medical office lease in Los Angeles or medical office design, get in touch with Boulevard Medical Properties.

Create an Environment for Expansion

Like goldfish, we will sometimes only grow as large as our environment allows. It’s easy to find satisfaction in a small practice, and stop trying to grow at a certain point. When you begin your practice, you grow out of necessity.

Once you start becoming profitable, you then need to find extra motivation to grow. By stalling growth, you are allowing potential patients to go to your competition. The important balancing act is to make sure you are in a position to grow your medical practice without weakening your financial situation to the point of failure. This may be difficult to decipher, but there is one solid place to start. Your location holds more power than you know.

Make sure your office is located in a desirable and accessible area. Allow proper space in your practice building to grow and accommodate more patients. You may not want to bite off more than you can chew, but don’t leave yourself needing more by not biting off enough.

Let Boulevard Medical Properties help you find the perfect location for your practice that will allow you to thrive and expand.

Your Staff is an Extension of You

No matter how good of a doctor you are, your staff is the first interaction all patients will get. Whether as they sign in or call to make an appointment, the front office staff is integral to your success.

Having great staff could set you apart from your competition. Most doctor visits are not under the best circumstances, so the staff you hire needs to be able to compensate for that negative energy from anxiety or stress. It may seem like a small thing in a retail store, but it makes all the difference in a medical practice setting. Your staff is also responsible for the proper function of the office. Keeping operations and appointments running smoothly is the best way to show that you are a competent medical practice. Losing information or rescheduling appointments could be a one-strike-and-you’re-out scenario for most patients.

If you want to properly grow your medical practice, make sure you hire staff members that understand their job responsibilities. Then, be sure to frequently remind them of their value to the function of the practice. Keeping staff happy is a great way to ensure the staff keeps the patients happy.

Provide New Services

Specialized services are great to have, but we live in a time of convenience. Patients value a centralized location that is a one-stop-shop. Utilize demographic surveys of your surrounding population and your current patients. Find out what the needs are and fill those needs. Offer services that are most desired by the population in your area, and the patients will come to you. This same basic principle is used in investing: diversify to thrive. Your medical practice is the biggest investment you have, so be sure to diversify your services.

Stay Relevant and Streamline Your Office

Using the most up to date software, machines, and practices don’t just increase productivity and efficiency. By staying relevant in the medical industry, you are showing your patients that you are equipped to give them the best service available.

This also includes changing out any décor and furniture that looks outdated. You don’t just need to act the part, but look the part too. By putting modern practices and software into use, you can increase productivity. There are many systems and software that help with menial organizational tasks. Use every resource you can to make sure that expansion is possible.

Grow Your Medical Practice in Los Angeles

One resource that you can utilize is the experts at Boulevard Medical Properties. They will be able to help you streamline your business in the best location possible.

Medical Office Lease Mistakes Doctors Forget About

Leasing a medical office can be a difficult process due to the liabilities and burdens that come with it. While the process can be laborious, it is important to maintain a checklist of important things to remember throughout the process. Because a doctor’s specialty is patient care, the legal and real estate components can be easily looked over. Medical office leases can also be very different from regular commercial spaces or residential leases. Below you will find some common mistakes doctors make during the process of leasing a medical office in Los Angeles.

1. Use Provisions

Because medical offices are much different than regular corporate offices or businesses, use provisions are necessary. Medical offices often require the use of X-rays, CT scans, and other machines that could have negative health impacts due to the radiation emitted.

Be sure to inform your landlord of all of the machines you will use and their respective uses. It’s important that you outline this in your lease agreement. This can help with avoiding any future liability later on if the landlord was not informed.

2. Americans with Disabilities Act (ADA)

A medical office may have more clients that have disabilities or need accommodations when entering the building. Be sure that the building is compliant with the ADA before you sign the lease.

While it is legally required to comply with the ADA, there are those who disregard the law. Patient care from the time they walk in until the time they leave is important. This includes safe access based on their specific needs.

3. Exclusivity Provisions

An exclusivity provision is a must in your lease. This provision means that the landlord will promise you that they will not lease any other space in the development to someone who would be in direct competition with you. If you have a specialization, be sure to have this provision clear and present from the outset. This ensures you are the only medical provider within the specific development. This can save you a lot of time and money in the long run.

4. Be Cautious

While a lease may seem like a pretty smooth transaction once you find what you think is the right space for your medical office, proceed with caution. The lease is the legal document that binds you which can ultimately be a blessing or a curse depending on who you are working with. Use caution when working with your landlord, their agents, or their attorneys. They are in the business of real estate to make the most money at the lowest cost to them.

Read the fine print, consult an attorney, and have someone at the table who is well-versed in real estate and medical office leasing to represent your interests. While you want to have a good rapport with your landlord to ensure a good working relationship, always use your best judgment and be cautious.

5. Landlord’s Right of Entry

While most leases have provisions for a landlord’s right of entry into the leased premises, this provision needs to be much more detailed for medical office leases. Medical offices hold so much personal and confidential data on their client’s which means that there needs to be a heightened degree of care when it comes to data protection and landlord entry. In addition, caution must be used when patients are in the medical office. Outlining specific times or notice requirements for entry is important and should be agreed upon in a signed writing.

While the list above is not comprehensive, it is a good start to get you thinking about what to expect when signing a medical office lease. If you are still feeling uncertain about what to do and want to enlist some support, Boulevard Medical Properties can help.

Finding Medical Office Space in Los Angeles

Boulevard Medical Properties has been helping medical professionals transition into new offices seamlessly for years. We have a dedicated team of expert real estate professionals that are happy to walk you through the process step-by-step.

What sets Boulevard Medical Properties apart from the rest is that we follow you through your entire lease to ensure that you are comfortable. Everything that is promised to you deserves to come to fruition. We walk you through the process of medical office leasing from start to finish which takes the fear out of the process as you are not left with no support after you sign the lease. If you need to find a medical office, contact Boulevard Medical Properties for excellent support and expertise during your upcoming transition.