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HEALTHCARE REAL ESTATE STRATEGIES
Quick Look at Factors to Consider When Choosing A Space   |  6 Key FactorsMedical Office Design   |

Key Factors in C h o o s i n g  A  S p a c e

There is 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 these options and the features which are important to you will ensure yourself of a satisfactory decision.

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A Quick Look at
FACTORS to consider while looking for a suitable space
...

  • Affordability
  • Easy access for you and your patients
  • Parking concerns for you, your staff, and your patients
  • Proximity to other physicians with whom you may inter-reference
  • Are you looking for extra medical office space where you can install ancillary services and other diagnostic treatment areas?
  • Do you need a location near a hospital or can you locate further away at lower rates?
  • The right image could be a key factor in patient retention
  • The right space could also be crucial in doctor recruitment and retention
  • Should you own or lease?

   6 Keys in Choosing a Space

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, internal design and they must protect patients’ privacy and dignity.

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.

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 an ever changing environment makes growth projections fluctuate, historical data combined with patient satisfaction and demographics can give you an idea as to where your 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.

Purchasing a Medical Suite: A major consideration in any new medical office space is whether to rent or purchase. While renting is less costly in the short term, purchasing a space or building is likely to be more rewarding in the long term. In addition, the more capital improvements that need to be made, the more beneficial it is to purchase, or at least obtain a long-term lease.

Renovation: Renovation is another important factor. To hit your mark, aim carefully. The goal for most physicians is to represent their practice well, at the best value for the money. First, consider your patient base and the image you want to project to those patients. Physicians who are running a clinic, for example, do not require an up-market location and costly furnishings. If you want your space to be more upscale, consider hiring an architect.
The next step is to consider the condition of the premises and the cost of adapting it for the intended use. Renovation might consist of no more than fresh paint, new carpeting, and changing the pictures on the wall or it might require a total makeover. First, decide on the number and size of rooms, their layout, appropriate electric service, plumbing, and HVC (heat, ventilation, and air conditioning). If walls need to be moved and electricity installed, these are considered capital improvements .



Medical Office Design
All that matters in medical office is first impression either for customers or professionals. Whether you are selling some products or offering medical services the layout of your office dominates the impression of client. Your medical office design should be functional and give a pleasant and welcoming feel for the consumers. The first thing that needs consideration is placement of computers. In many desks these create clutter and unwelcoming sight in the office. If you budget allows move on to laptops instead of PCs that come in limited space and improve face to face contact between staff and consumer.

 Then consider the layout of medical office design to govern areas for insurance verification, diagnostic tests and other parts. Proper focus should be given to the privacy of the patients in particular areas. The seating arrangement also needs to be carefully planned. The chairs you place for patients should be comfortable with a reclining angle at back. Once you place the furniture, concentrate on wallpapers or wall hangings that convey positive message. The distance between two areas of office should be planned according to the expected activity within them. Do not encourage clutter in your office as it gives false impression for the clients or patients.


 

 

 

 

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