Every year I offer a glimpse of the future for doctors seeking to buy or start-up a practice in the next year.  There are some BIG trends you should know about.

Every year I offer a glimpse of the future for doctors seeking to buy or start-up a practice in the next year.  There are some BIG trends you should know about.

Perhaps, I am being too hard.  But these 10 locations certainly deserve extra caution.  It is more than slow growth.  It is a combination of overhead, crime, over-regulation, and anti-business sentiment.  

We go through this list every year to share with our listeners the Places with Promise throughout the U.S.  The metrics are different from our previous editions due to changes in the demographics and economic factors found in the Post Covid world.  Give it a listen! This is important.

Practice Brokers and Demographers may use similar data but they can different outcomes.  This is because they have different priorities and different Audiences.  The Broker has to please his Client, the seller of a practice.  The Demographer has to please the buyer AND the seller while remaining entirely objective and consistent.  This is vital for doctors to know.

Even though there is a huge cottage industry of predictions right now, the reliable predictions are in demographics, not politics.  So if you want to know the future, pay attention to the statistical science that avoids short-term predictions: demographics.  We know how to avoid bias and get answers!

Some states are pretty much the same as they were before the Pandemic.  Others are having changes forced upon them as populations shift.  In some cases, people from other states are encouraging theirs states adjust their taxes and credit practices.  Arizona looks like it is going through this kind of shift.

It is easy to list features of a location and its population.  But the relative benefits of a site is much harder to know. Sure, knowing the population size is great but what if that population is not growing or is not large enough? This episode explains.

One of the basic functions of professional practice viability studies involves the measurement of competition factors to consider if another practice can be accommodated.  This can be tricky and this session is all about what you need to consider.  In a way, it is one of the most important episodes on professional practices. 

Florida's governor has just announced the end of all Covid-19 restrictions.  This goes for healthcare practices as well. While Florida is the first, it will not be the last state to offer these modifications.  How will this affect where you practice?

The publishing company, McGraw-Hill, has just released the 20th Anniversary Edition of Marketing Warfare by Al Reis and Jack Trout, two of my favorite Marketing Theorists.  Who can doubt that we are in a Marketing War?  Where to Practice, and Why one location is superior to another is what decides the War. This session explains it all!

This episode deals with projected implications of who wins the Election.  It is NOT a prediction of victory.  On the other hand, it is how social scientists consider lifestyle implications on professional practices.  In other words: psychographics.

Changing demographic trends and research are showing Millennials share their parents' taste in housing and this has shaken the "Woke" crowd.  People are voting with their feet and it is changing where to practice. 

It isn't just a place.  It is a frame of mind and a series of newly developing priorities.  Want to know where the smart, young families are moving? Want to know where to career, married couples are moving? Listen!

Perhaps it is because the media elites tend to live in a few cities on the Coasts that they see the world so narrowly.  But serious demographers are seeing that the Heartland (20 key states) is where the action is the future lies.  Let's talk about them.

I just returned from a week on the road.  I went from the Rockies to the Atlantic to see what there is to see in practice opportunities.  There are four lessons and several locations of promise. 

Practices that treat children should pay special attention to this episode on the demographics of pediatrics.  This is about trends, new location sites, and a changing marketplace.

With riots, pandemics, imminent financial disaster, and even potential war, what comes next?  In this episode, I discuss two emerging trends: 1. Not My Problem attitudes and 2. My Neighborhood, Love It Or Leave It.

The fact is, when everything is going to Hell, you have to care about ONLY those people and causes you can really help (and really CAN help). The second is a rising wave of preserving YOUR neighborhood.  I predict a growing baby boom.  I predict some inward looking.  I predict we are going to be fine. Hear why.

We have just received the new demographic data for the nation and it is creating a stir on where you should consider purchasing or starting up a practice. And we are looking at this from a first-hand perspective. 

New trends and cutting-edge research have reveals changes on where to purchase and where to start-up practices.  This is more of a change based upon the consumption patterns found in your patient-base.  The good news is that these location types are more profitable and better for your quality-of-life.  The bad news is that it may not be what you think.

I got thinking about the hard decisions I have had to make in my life and my career.  And I have been thinking about the many doctors who I have helped endure the sleepless nights wondering and worrying.  This episode is about those nights and decisions.  It about Perspectives to move forward.  I think it may inspire you a little.

So many changes are occurring in determining the best place to practice that we have reconfigured our recommendations as the rules have change. 

A "disinvestment event" is a term demographers use to determine whether a place is going to be in trouble in the future.  We track these to tell our clients the difference between a troubled or promising location.  Let about these events in this episode and where they are most common.

The rules are changing on what makes a good location and what is a bad location for practice.  You may as well learn the truth: Everything is shifting, at least a little. Civil unrest is also changing the natural desirability of locations as well.

It is as through professional practices have been tossed in a blender. At least that is what some doctors feel as they consider what locations to purchase, start-up, or to consider for a job. The Pandemic has made things particularly confusing.  This session helps doctors figure out what is happening (and what WILL happen).

It has been a difficult, moving-target, to predict how the pandemic is going to affect professional practice locations, profitability, and busyness.  But we are getting an handle on it!  This episode shares with you what you need to know RIGHT NOW!

I don't know with certainty what is coming next any better that you.  But research has revealed that this recent pattern of sheltering in place has inspired several of our doctor-friends and clients to start examining how they can find locations that are more convenient to home and family.  This episode in intended to get you thinking.

It is true that market conditions are a problem to understand.  But I thought it might be a good idea to share with you how demographers predict great market trends in the middle of uncertainty.  In this case, it happens when multiple market trends cross or reinforce each other.  I hope you will find this interesting.  BTW, we are still offering our Telephone Consultation Discount.

The recent events of death, plague, economic disaster, and election strife have encouraged me to re-release this episode with some changes.  Please forgive me!  But the updates put a few things in perspective that I think are worth the trouble.  How bad are things and how bad will they get?  This episode deals with that.

There are many demographic factors that are important to track to understand the viability of a practice area.  But the Population per Household statistic is a particularly vital one.  It separates to "fair" from the "excellent" areas.  And this session explains how.

A combination pediatric/orthodontic practice seems to be an increasingly common practice form.  This episode is about what you need to know about the demographics in order to find a successful place to purchase a practice or to set-up a new office.  It is more than just finding a place with lots of kids.  The calculation can be tricky.

The purpose of this podcast is to help doctors identify where to set-up and to purchase practices.  We provide demographic site analysis and evaluation for that purpose.  This episode explores the correlation of locations that have strong job growth and potential for new patients and strong production.  True, the issues are not always simple but a smart doctor should know what is going on and where.

Americans are looking for inexpensive places to retire with lots of outdoor recreation, a little sophistication, and lots to do.  Louisiana is rising, especially for retirees.  Of all the southern states, it stands out for arts, education, expense, and potential.  But there is some poverty and the weather can be terrible. Still, the state has a great deal to recommend it including acceptable competition ratios!

Demographers and those Studying Age are commenting on the big changes in the population and how it matters to doctors seeking a good patient base.  The rules are changing!

Demographers have to take into account SEVERAL factors when considering whether there is room for one more office in a particular location.  Nevertheless, we keep seeing numbers published that don't take them into account.  The result can be a very costly error.  In this episode, we explain some of these factors that we use that you should consider.

If you want to make your aspirations in professional practice a reality, you need to choose the right place to open or to purchase.  This episode tells you the process. Don't miss it!

There is a noted decline in population size in certain places and doctors must know about these trends NOW.  Not only is it going to affect where they want to practice in the future, it is having an impact on the CURRENT locations. This is a great session for a little cautionary tale.

It was once possible to consider different states as homogenous locations for practice.  That is over.  The current trend to recognize that demographic and psychographic differences are very different within the same states.  We look at Virginia and Colorado as case studies.