Negotiating a commercial lease for your new office space is nothing like signing a residential lease. There are multiple different lease type ranging from full service (all-inclusive) to NNN (where everything is a la carte) and everything in between. And commercial leases have many more conditions that you’ll need and want to...

 

Every healthcare provider I know complains about the hassles associated with their EHR charting. 

When you’re an employed physician, you basically get stuck using whatever software your employer has purchased, and it’s super easy to complain about something that you have no control over. 

But when you are the...

One of the first questions that everyone asks is—"how much staff do I need?"  You’re not going to be able to answer this question without defining your work flow.  This is obviously a multi-step process so I'm going to break it down into segments.  

First, you need to think through every step that occurs. Then,...

The recent ice storm and its devastating aftermath is a great reminder for why every medical practice (and actually any business) needs to have a plan for deciding whether to close in the context of a natural disaster. 

When Hurricane Katrina hit Louisiana in August 2005, I had 7 providers and 30 staff members. At that time, I...

How you design and equip your space speaks volumes about you. And, while you don't have to be an interior decorator, there are a couple of key things you want to consider: comfort and functionality. 

In this episode, I will give you practical tips for designing and equipping your space.

Here are the highlights: 

• Entrance to...

Let’s talk about how much space you need and some of your layout considerations. for your new practice. 

One of your first considerations is size. How large does your office need to be? The general rule of thumb is 1200 to 1500 square feet for the first physician and 1000 to 1200 square feet for each additional provider. ...

You’ve decided to rent a space for your new business. Now you need to negotiate the lease terms. One of the most significant components is going to be the tenant improvement (TI) allowance. 

One of the first things you want to understand the difference between grey shell and vanilla shell and the impact on your lease rate...

There are 4 basic lease types--gross lease, full service lease, gross industrial lease, and triple net lease-- and it's imperative that you know the differences between them in order to compare the rates and understand what you are getting for you money. You need to know the terms that are most commonly used in leases because they...

I’m  frequently asked—Should I rent or buy the space for my new practice or business? 

Regardless of whether or not you want to initially rent or buy, there are a number of considerations: 

1.   How soon do you want to move into the space? 

Let’s say that you want to start your practice or...