The reasons to relocate include:
a.) a practitioner needs a different facility to expand their practice to new patients
b.) the current dental office space lease is nearing the end of its term
c.) a practitioner may have an interest in moving their practice closer to a population group to which they prefer to provide services
d.) a practitioner who has an established practice may want to move from a retail location to traditional office space
By analyzing a patient address base with REALscore™, a practitioner with an existing practice can determine the best location for relocating their practice. When patient addresses are mapped and the demographic information for each prospective new location is calculated, the best options become clear.
It’s extremely important. The practice location decision could be one of, if not the biggest decision a dentist makes. The correct placement of a dental practice could mean the difference between $500,000 and
$1,000,000 in the first year business.
Tons of research on demographics, referral sources, competition, traffic patterns, proximity to hospitals and schools is crucial. Luckily www.realscore.com does all the research and provides a definitive score to locations making dentists, their real estate agents as well as their brokers extremely happy.
“I had no idea where to build, where to go, and I called REALscore and was able to find my location…a location I had no idea even existed. We’ve increased our collections 56% this past year….the success pretty much owed to REALscore.” – Dr. Lori Fitzgerald, DDS
Has the thought crossed your mind that since REALscore (Real Estate Analysis and Location Score) has a complex algorithm for dentists with specific patient demographic information, competition and referral data, along with over 30 other available reports regarding the dental practice that it should be used every day, not just when relocating?….it’s crossed our minds too. We’ve named it REALtools because it gives you the specific tools to make dental practices a success.
REALtools combines patient locations, the practice database, consumer demographics and business, employment and retail demographics and drive time analysis of all data, all presented interactively on maps. REALtools is available for free as part of a REALscore subscription or is available separately for a significantly lower monthly subscription.
A dentists runs a business. He or she needs tools to make sure they have new patients coming in, referral sources available and up to date knowledge of the competition.
Wonder how REALscore.com gets such up-to date and accurate information into their algorithm? Healthcare Data Solutions (HDS), based in Foothill Ranch, CA is to thank.
HDS harbors the most accurate and trusted provider of healthcare databases and healthcare industry business intelligence services. The company provides healthcare data, physician validation programs, data processing, Web services and new customer acquisition programs for leading healthcare firms. With over 2 million healthcare provider profiles and 1 million healthcare provider emails, HDS is the fastest growing healthcare data services company in the United States.
REALscore uses HDS’s information in their algorithm to calculate the best places for dentists to location their practices. Factors such as highway accessibility, parking, signage, hospital and school influence, as well as competitor and referral source proximity are just a few of the many components that come together in REALscore’s patented algorithm.