In the last couple of weeks, I have been asked by subscribers to the Podcast for the locations that are winning and losing population. Rather than break them down by states, I have looked at the Metropolitan Areas that the U.S. Census Bureau has identified as those that are likely to grow or shrink.

This week, we are looking at sites in the United States that are looking more hopeful.  These locations are economically strong and show signs of growth.  Many are manifesting strong economies or improved employment trends. Unfortunately, the short version of this episode can only lightly pass over the location.  Still, I think it will stimulate your thinking.

Let's face it, the U.S. is looking at a period of economic risk and potential decline.  Interest rates are surely going to rise.  Still, that is no reason to sit on your hands while opportunities to grow are just over the horizon.  

This episode explores the places where the potential for growth (and wealth) can be found. These are the places that still have risks but the risks are mitigated.

I hope you will allow Doctor Demographics to explore with you the places that have Promise!

Every year, we publish a list of the sites that are "Risky." We call these areas the "Kiss of Death" Sites.  If you are considering one for purchase or a start-up, we want you to think twice. The factors that make these locations less-than-desirable, change each year.  For example, in recent years, locations that had high unemployment were risky.  But at this time, unemployment has not been a major factor in what makes a good or bad location.  Rather, this year, locations that have above-average crime are undesirable.  Perhaps more important, locations that have the high cost of living, rising taxes (income and property) and a reduced birth rate are having a more difficult time,  Almost without exception, they are losing population.

It has been true for a long time that brokers, realtors, and even demographers have considered only a very narrow number of factors in determining practice site viability.  Traditionally, this may have been due to a misunderstanding of how to interpret the available data.  We knew, for example, if the population surrounding a practice site was growing or shrinking. We certainly could tell if the competition around a location was increasing relative to the population.  Terrific!  But the science of demographic analysis has grown and deepened while the users of these numbers have not kept up.  And there is little surprise why this is so: it is heavy lifting!

I believe (as many researchers do) that we are heading for an economic downturn soon. The only way to thrive during these times is to get the research and then make a plan and THEN you have to stick to it. That is what this episode is all about. But you need to make your plans soon!

What goes up will invariably come down. It is a basic law of gravity, economics, and demographics. We can simply not hope that things will stay the same (either good or bad). Frankly, we are at a time when it appears the World is sliding into a Recession. This has long been predicted. So, with this in mind, we have to assume that there is going to be a "wobble."

This episode discusses the ways that you can work with these local and national trends to build a new patient base that is educated and ready to work. We will discuss the priorities of these migrants, where they might settle, and what you can do to attract them to your practice. Please be aware that Doctor Demographics can identify where the new immigrant residents are moving, what they want from your practice, and how to attract them.

Doctors often find themselves influenced by locations that OTHER doctors are considering for purchase or development. This session explains how this is both good and bad. It also features the parts of the U.S. that are good bets and those that are not. For more information, visit us at: https://doctordemographics.com

Finding a location is tough.  But there are non-demographic factors that can offer you a serious hint about places that show potential for practice locations or may serve as a warning NOT to go there.  This session is about how retail sales is a sign of the good or back potential for practice.

It has long been popular to place practice in a "Medical Plaza" for various healthcare offices. There was a sense of unity and protection for these practices. This podcast deals with the issues that you might keep in mind. But the rationale for these centers is shifting. This video is a must-see!

In order to do proper practice viability or best sites report, knowing a practice's borders and boundaries is all-important in order to offer geographic "context" for the site, Yes, we will discuss isochrones, proxemics, and centers of gravity.  This is very useful stuff!

In this episode, Scott Mcdonald dives into why you should put a practice where the perfect place is as well as the three traditional demographic imperatives for practice: economic growth, population growth, and socioeconomics.

He said, "A rising birth rate is one indicator of who can step into your practice and benefit from it." And remember, the percentage of people tends to be even more important than how much they're earning. Also, when it comes to choosing a location that shows the most economic potential, you will have to move in because of job opportunities. Thus, moving target is going to determine so much of your success.