Finding The Right Healthcare Property For Your Practice

Finding The Right Healthcare Property For Your Practice

The healthcare sector has changed dramatically over the last decade due to legislative changes, demographic shifts, and economic cycles. Finding the right location for your business practice has become a lengthy process that requires a survey of the competition along with various studies involving traffic counts, visibility and access. Whether you plan to lease or buy the property outright, you will be dedicating resources to build-out and set-up, which are major startup costs for any practice. That said, it is crucial to choose the most appropriate site based on your existing operations and future plans.

Choosing the Best Location

Medical office buildings have unique location requirements. These properties are typically found near major medical facilities such as hospitals and outpatient surgical/non-surgical units. Sites that are close to university campuses are also highly favored by medical practitioners because of the presence of advanced infrastructure, including communications technology and transportation. Additionally, the campus population is a good source of research volunteers, employees, and consultants.

Determining Ease of Access

Medical facilities are destination businesses, which means the office is not dependent on pedestrian traffic. However, ease of access is a major concern especially for patients who rely on public transportation to get to their appointments. The site should have adequate connections to the main streets, and parking must be available especially during peak hours. The facility should have an option for overflow parking and valet service for patients with physical limitations. Access for patients with disabilities is mandatory in all states, so make sure that existing structures can be renovated and retrofitted to comply with access laws.

Establishing a One-Stop Healthcare Facility

Medical offices cluster in a particular area for enhanced efficiency when it comes to delivering healthcare services. Medical districts may be anchored by a hospital or university, and ancillary healthcare services are offered by providers at their own location. It is advantageous for both patient and provider to be in an environment where any additional healthcare services are accessible within a short distance. Standalone healthcare locations may be viable when the needs of a certain community justify the maintenance of a satellite office although this is no longer a widespread strategy. In addition to added convenience, owning multiple practice locations is a smart way to protect your assets in the event of a medical lawsuit.

Establishing an office for a healthcare practice is a lengthy and expensive process. It is a huge commitment of time and resources that may have you wondering when to rent space in an existing building and when to build your own office. The answer depends on whether the space meets all your predefined expectations, including room for expansion and improvements as your practice grows.

Pride One Construction is evolving the commercial real estate development and construction industry. Let us take your health care construction project to the next level!

References and Resources:

Vitalia Senior Residences at Westlake

Vitalia Senior Residences at Westlake

Vitalia Senior Residences in Westlake is a 100-bed assisted living/memory care facility.

h

Project Type

Healthcare

Architect

Mann Architects

Project  Photos

July  2018

July  2018

let's talk about your next construction project

Why Pride One?

In this ultra-competitive industry, you have a multitude of potential partners for your real estate development and construction projects. Pride One stands above the crowd with a demonstrable commitment to the elements that will make your next project a model of operational excellence:

  • Procurement
  • Partnering
  • Risk Management
  • Value Management
  • Sustainable Construction
  • Benchmarking
  • Supply Chain Management
  • Whole Life Costing
  • Health and Safety
  • Lean Construction

Pride One is the leader in commercial real estate development and construction. We work hard to maintain a reputation for quality, efficiency, and value. Discover how Pride One can make your building or development vision a reality.

Pride One Construction is proud to be your local Butler Builder® representing the world’s leading producer of building solutions – Butler Manufacturing™.

Let’s Be Friends

<iframe src="//www.facebook.com/plugins/likebox.php?href=httpss%3A%2F%2Fwww.facebook.com%2Fpages%2FPride-One-Construction%2F120338188026588&width=270&height=258&colorscheme=dark&show_faces=true&header=false&stream=false&show_border=false&appId=232976083514141" scrolling="no" frameborder="0" style="border:none; overflow:hidden; width:270px; height:258px;" allowTransparency="true"></iframe>

Join Pride One for the Save A Warrior Benefit

Join Pride One for the Save A Warrior Benefit

One evening could change everything for our nation’s warriors suffering with the symptoms of post-traumatic stress (PTS). Learn more about the work that Save A Warrior will be performing right here in Ohio to save the lives of these men and women.

All proceeds to benefit
Save A Warrior

New Warrior Village in Newark, OH