Retail medical clinics (also known as urgent care centers) have become quite prominent over the past couple of decades, taking a significant slice of the medical providers’ pie. But instead of bemoaning the rise of retail clinics, it’s smarter to learn from them and even use them to your advantage. Here, MOT takes a look at what patients like about retail clinics and how you can incorporate some of their traits into your practice.
Why are retail clinics so popular?
Let’s face it – it can be inconvenient and time-consuming to schedule with and visit a traditional medical practice, prompting many patients to opt for retail clinics.
“Convenience has been the main driver of their growth,” says Jason Hwang, executive director, healthcare, for Innosight Institute in Mountain View, Calif. “Retail clinics, with their accessible locations and walk-in service, have been smart to capitalize on common medical issues that people are comfortable managing away from the doctor’s office.”
Low prices and aggressive marketing are additional factors contributing to retail clinics’ success, Hwang adds. “Retail clinics have lower costs because they employ lower-cost providers who work in lower-cost settings. In contrast, traditional practices must be capable of managing the entire spectrum of human illness – simple and complex, acute and chronic, routine and urgent – which continuously drives up their overhead costs in order to keep up with the needs of the market.”
Runoff between ERs and primary care physicians is another reason cited for retail clinics’ boom. “People need to see a doctor and are squeezed between overcrowded ERs and overworked and understaffed PCPs,” says Tom Cusumano, managing partner in sales and marketing for Doctors Express Newark Urgent Care Center in Newark, Calif. “Urgent care centers do play a vital role in helping to fill this vacuum with high-quality, convenient, cost-effective and, in many cases, compassionate care – oftentimes in a very speedy manner that meets the needs of people with hectic schedules.”
What can traditional practices learn from retail clinics?
Most retail clinics are avid users of EMR systems, which helps streamline the practice of medicine, reduce paperwork and errors and increase patient flow. Meanwhile, some traditional practices have been slow to move from paper records to digital, Cusumano notes.
Retail clinics may help you treat patients who need more time and attention given to their medical conditions than you can afford to give. Retail clinics that specialize in a particular condition can help patients manage chronic or long-term conditions such as weight loss that can require significant one-on-one time between doctor and patient.
“Physicians in traditional private practice are extremely busy meeting the medical needs of their patients,” says Tasha B. Wallace, D.O., with Wallace Family Practice in Lehigh Acres, Fla. “Weight loss is special in that it requires much more time for education and encouragement. To be effective, I recommend this to occur with each patient on a weekly basis. Physicians in private practice cannot have this load added onto their already very busy schedules.”
Retail clinics also help take the burden off busy practices for minor or urgent issues that don’t require a PCP. “Physicians must realize that growing portions of their current practice can and should be managed by other members of the healthcare team,” says Hwang. “Physicians will be most effective when they become leaders of care teams and are able to delegate tasks to others.”
Be sure to do your due diligence on any retail clinic you recommend to patients, just as you would for all medical referrals.
What advantages do traditional practices have over retail clinics?
Unlike traditional practices, most retail clinics don’t get their patients via referrals, but have to rely on advertising, marketing and strategic real estate decisions to find their customers, points out Kent Holtorf, M.D., founder of Holtorf Medical Group, a large private physician group with practices in San Francisco, Los Angeles and New York.
Also, there’s a lot to be said for developing long-term relationships with your patients, and this usually cannot be achieved in the retail clinic model. “Urgent care is episodic,” Cusumano explains. “A PCP may see a patient with diabetes, for example, and will need to see that patient weekly or monthly or quarterly for many years. The PCP will often get to know their patients on a very personal level. This will usually not occur with urgent care.”
Realize, too, that most patients still want to come to you first, Hwang says. “Traditional practices are still patients’ preferred choice for almost all care, and it will especially remain so for complex conditions that are best managed by physicians,” he points out.
(Article by Carrie Rossenfeld)
Showing posts with label buying medical office space. Show all posts
Showing posts with label buying medical office space. Show all posts
Thursday, September 1, 2011
Tuesday, July 19, 2011
Reasons to Lease a Medical Space
Here is a bullet point list of several advantages to lease your medical office space rather than owning it. To read these eight key advantages click here.
Friday, March 4, 2011
Test before you buy Medical Office Space
It could be disastrous if you bought a medical office without running a test to see if the space would adequately fit your needs for that particular space. This article gives you reasons for why the test will be so important and how to avoid costly situations. To see these tips and tricks click here.
Monday, February 21, 2011
Good Time to Buy Medical Office Space
Despite the recession greatly affecting the country, the medical real estate has remain fairly constant throughout. Many doctors buying medical space generally sign longer leases than anybody else but because it is one of the most stable industries to invest in makes it a less intimidating. Click here to read the whole article.
Friday, January 14, 2011
Secure Choice: Invest in Medical Real Estate
Commercial real estate investors have been looking into the world of medical real estate as a more dependable option. An article from Fierce Health Finance, "Investors choosing medical real estate as safe haven," says, "Investors are drawn to healthcare real estate, in part, because tenants tend to sign long leases and the demand for healthcare continues to grow." To take a look at the full article, click here.
Wednesday, December 22, 2010
Advantages and Disadvantages of Leasing Medical Office Space
When the time comes for your practice to move to a new medical office space, the most important question will most likely be, "Should we lease or buy?" Rachael Spohn from Ezine.com wrote an article, "The Costs and Benefits of Leasing Your Medical Office Space," with some great tips to consider when thinking about buying or leasing your next medical office space. One advantage she mentions is, "You pay less up-front cash" and one disadvantage is, "Leasing never builds up equity." To read the full article on the advantages and disadvantages, click here.
Southwest Florida says Goodbye to High Impact Fees
Impact fees for medical office space have been cut by 70% in Southwest Florida. An article by Dick Hogan, "Contractors hope for growth revival for medical office space," from news-press.com says, "Commissioners said they hope the cuts, which will cost $1 million to $2 million, will stimulate the building of medical office space." What is the current situation for medical office space in your community? Feel free to share in the comments section below. To read the full article that was mentioned above, click here.
Friday, December 17, 2010
All New Web Site
National Realty Network has a new web site we would love for you all to take a look at. The site has information for doctors, landlords, buyers & sellers, and developers. Anyone interested in office medical space should really visit. We also have a section for listings for those interested. To visit the page, click here.
Friday, November 19, 2010
Calling All Physicians Moving Office Spaces
If you are planning to move medical office spaces, then here is a great article with some things to keep in mind for the move. Robert I. Freedman of Medscape Today wrote an article, "Planning a New Medical Office Space," that has information on office location, office size, and renovation. The section on office location suggests using a Google map to find a good space that will be easy for all of your patients to get to. To read the article in its entirety, click here.
Wednesday, October 27, 2010
Appeal for Office Medical Space is Up
Is the need for medical office space recession proof? David Scherer, vice president of Grubb & Ellis thinks so because people will always need to go to the doctor whether or not the economy is in a recession. An article by Tony Illia, "Medical-space demand strong in weak office market" from the Las Vegas Business Press, explains how even in the poor economy office medical space is still needed. This is a great article for both investors and physicians interested in medical office real estate.
Monday, October 25, 2010
Medical Office Condo May Suit You
For some physicians, choosing to purchase a medical office condo is a great option, especially because it means they get to own their space. An article from MedicalOfficeToday.com, "Buying a Medical Office Condo" by Sibley Fleming, explains the benefits of owning a medical office condo. The article even includes "Tips for new buyers" for all the physicians thinking about purchasing a medical office condo. Anyone interested in a medical office condo should take a look at this article, here.
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