One of the most vital components of a private practice is finding an optimal location. According to Mentalyc, renting a small office can cost $500-$3,000 monthly. This metric is significant considering traditional office spaces lock you in a restrictive lease. But with MedCoShare’s medical coworking model, there are no restrictive leases: you only rent what you need for as long as you need it. As a result, the cost of rent goes down considerably, and you can save 56% on annual expenses.
Additionally, equipment costs for private practices are expensive. Charter Capital says that general medical supplies and equipment can range from $10,000-$50,000. Fortunately, MedCoShare medical office spaces come equipped with these general medical supplies and exam rooms at no extra cost.
All traditional office spaces come with extra responsibility in the form of administrative duties. MGMA data reports that the average private practice’s overhead accounts for 60% of revenue. Additionally, Weave reports that overhead costs can go up to 70% of revenue. These administrative responsibilities can quickly sap important funds meant for other expenses. At MedCoShare, this is not a problem as we provide an ecosystem of support services for providers.
Our ecosystem is built to make private practice easy for providers. Thus, we’ve built out services that include comprehensive marketing with MCS Services: healthcare SEO, social media management, blog content creation, and more. Furthermore, we ensure you feel supported, as we provide vetted and skilled medical assistants and staff, partnerships with EHR systems, and billing and scheduling systems. At MedCoShare, you’ll enter a community that truly uplifts private practice.
Sources:
