Data Driven Recommendations
“We use solid data to give our clients a competitive advantage in
the market. For established practices, we look at what has
worked well for them in the past and spend time getting to know
and understand their business model. Are they accepting PPO
or government funded insurance? What is the typical profile of
the patient their practice caters to, including factors such as age,
income level, and ethnicity? In some circumstances, knowing
the neighborhoods where concentrations of certain ethnic
groups reside can make an enormous difference. For example,
a Kurdish doctor may want to locate near a pocket of Kurdish
residents looking for a doctor who shares their language
and culture.”
Thomas Allen also conducts detailed competition studies to
assess nearby practices that may draw from the pool of patients
and assess how the competition is likely to affect an incoming
practice. Using the raw data from competition analysis combined with daily-updated data from demographics software, the
Thomas Allen team generates a list of prospective properties
accompanied by comprehensive, highly detailed summary
reports for each location.
“We are connected to hundreds of commercial real estate firms
and can show you a wide range of properties in your target market,” notes Wheeler. “Once the prospective properties have been
narrowed down to a short list, we can tour the options and then
meet to share our impressions of the properties that were
viewed,” notes Wheeler.
Thomas Allen specialists help clients understand trends and how
the particular characteristics of each location affect the price.
Crucial factors like accessibility and visibility of the locations are
evaluated. At this stage, the team can also create an accurate
forecast of the anticipated demand at the new location, based on
trends already demonstrated and other factors including area
competition.
Resources, relationships and rapport
Thomas Allen Real Estate Advisors have working relationships
with a broad-ranging network of professionals who are invaluable resources for the doctor seeking to buy, lease or build a new
office, including those who ݥ͠