Whether you’re branching away from an employer to start your own medical practice, or if you’re simply looking to pull in clients on the side part-time, you need your own professional space to succeed.
Unfortunately, getting that private space is typically an expensive and time-consuming process that might ruin your dreams of opening your own practice.
If you’re looking for a cost-effective, turn-key solution for your private medical practice, try a HIPAA-compliant rental space designed to cater to medical professionals.
Here’s how taking the rental route will benefit you and help your private practice grow.
1: Price
If you plan on purchasing an existing office space, first you have to hope there’s one available that will meet your state’s medical standards and allow you to remain HIPAA compliant. Even if you do, the asking price will likely be tens of thousands of dollars with larger spaces skyrocketing over $100,000. If you have to build your office space, you’ll likely start at the high end of that spectrum automatically.
This can all be avoided by renting a medical office space for a single monthly rental fee. A monthly fee is far more accessible, especially in the beginning, and it leaves a lot more room in your budget for more meaningful expenses such as equipment and marketing.
2: Essentials Included
Not every rental company provides this, but our preferred option, Texas Med Healthcare Solutions, does.
Rather than having to spend large portions of your startup budget on necessities such as furnishings, essential equipment, communications systems, and other expensive requirements for any business, a rented office space provides these for you, and they’re included in your rental fee.
This leaves more of your budget open for specialized equipment, growth strategies, and hiring top-notch employees.
3: No Down-Time
If you opt to buy or build an office for your practice, you’ll be waiting a while before you can get started. When you purchase a building, it takes time for paperwork, transactions, and agreements to be processed and completed. When you take the construction route, you have to wait for an entire building to be constructed. That’s time you could spend treating patients and building your practice.
A rental is a turn-key solution. You inspect the space, get approved, and get started. It’s as simple as that. This prevents downtime, lowers the amount of stress you have to deal with, and makes the entire process a lot easier.
4: HIPAA Compliance Guaranteed
Being compliant with all HIPAA guidelines is key to not only respecting your patients but also keeping your practice open. Unfortunately, not every office space is HIPAA compliant, and that can spell disaster for unwary startups.
If you rent from a respected rental company that specializes in private medical spaces, you can trust that your new office space will comply with HIPAA guidelines.
Get Started with Texas Med Healthcare Solutions
At Texas Med Healthcare Solutions, we offer all these benefits and then some. Our office spaces are HIPAA compliant, fully furnished, and built to be a turn-key solution for your new practice. Check out Texas Med Healthcare Solutions today for more information.
