Healthcare providers typically lease commercial space for their practices and less commonly own the space they operate in. In both cases, they have some level of exclusivity which allows them the ability to modify the layout. In a traditional lease, there are few obstacles limiting providers from customizing space such as building or removing walls, setting up elaborate equipment, or posting signage to name a few. In exchange for this flexibility, practices are financially obligated to long term commitments generally of 5 or 10 years.
These types of commitments do not make sense for many professionals. Practice owners are already contending with a complex healthcare marketplace which makes remaining viable a challenge. Fortunately, Practice Nomad allows you to practice where you please, and within your own terms. Using our platform built on the concept of licensing, you can find the ideal space. You can walk into a practice-ready office with no long-term commitment and little or no setup cost.
What makes this possible is that most established practices do not fully utilize their space. Practice Nomad gives them the ability to generate income by licensing their under-utilized space to others in need on our platform. The providers may even be in complementary fields making it an ideal scenario. As a result practices are able to stay in business because of the supplemental income produced through the Practice Nomad platform.
For anyone interested in learning more, here is a list of Frequently Asked Questions (FAQ’s).
