From entrepreneurs looking for warehouse facilities in the form of co-warehousing to budding start-ups looking for incubator spaces, there’s a niche to fit every kind of business need.
Coworking + Medical spaces, also known as medical coworking, is one of the newer trends to hit the coworking industry, and it’s rising quickly in popularity.
This unique niche takes the coworking business model and applies it to healthcare and medical professionals – and with very successful results.
In this article, we’ll discuss medical coworking including what it is, who it’s for, and tips for creating your own medical coworking space.
Medical coworking is a shared workspace where independent healthcare practitioners and medical professionals can see patients, network, and grow their own private practice at an affordable cost.
With medical coworking, an independent practitioner rents space in a medical coworking facility on a daily, hourly, or monthly basis. The rooms are fully equipped with everything they need to practice medicine and deliver an exceptional patient experience. Here, they can practice their craft independently.
The best part about booking space in a medical coworking space is that healthcare providers do not need to take care of any of the usual operations involved in running a business, like administrative work, buying equipment, or daily cleaning. Rather, physicians can focus entirely on patient care.
This makes it a win-win for practitioners looking to open a private practice without spending a fortune.
From entrepreneurs looking for warehouse facilities in the form of co-warehousing to budding start-ups looking for incubator spaces, there’s a niche to fit every kind of business need.
Coworking + Medical spaces, also known as medical coworking, is one of the newer trends to hit the coworking industry, and it’s rising quickly in popularity.
This unique niche takes the coworking business model and applies it to healthcare and medical professionals – and with very successful results.
In this article, we’ll discuss medical coworking including what it is, who it’s for, and tips for creating your own medical coworking space.
Medical coworking is a shared workspace where independent healthcare practitioners and medical professionals can see patients, network, and grow their own private practice at an affordable cost.
With medical coworking, an independent practitioner rents space in a medical coworking facility on a daily, hourly, or monthly basis. The rooms are fully equipped with everything they need to practice medicine and deliver an exceptional patient experience. Here, they can practice their craft independently.
The best part about booking space in a medical coworking space is that healthcare providers do not need to take care of any of the usual operations involved in running a business, like administrative work, buying equipment, or daily cleaning. Rather, physicians can focus entirely on patient care.
This makes it a win-win for practitioners looking to open a private practice without spending a fortune.
Medical coworking is best for any solo practitioner in the healthcare industry who want to expand their patient base and stay independent.
This includes:
Most medical coworking spaces have multiple rooms specifically designed to fit a wide variety of practitioner needs, including therapy rooms, medical rooms, and cosmetic rooms, all under one roof.
There are many benefits to practicing in a medical coworking space for practitioners. Here are where members find they get the most benefits.
Operating a medical practice can be isolating. Medical coworking spaces give practitioners the opportunity to meet other entrepreneurs and healthcare professionals and expand their networks of like-minded healthcare professionals.
Having so many different kinds of practitioners in one space can also create in-house referrals for members.
For example, suppose you are a mental health therapist and your patient could benefit from alternative medicine like acupuncture. In that case, you can refer them to the acupuncturist in-house – and vice versa.
In turn, members can easily acquire more patients, while being a part of a community of like-minded individuals.
There are many expenses to consider when opening a private medical practice including equipment, insurance, staff, and more.
Medical coworking spaces offer a turnkey cost-sharing solution at an affordable price tag. They’re fully equipped with everything a member would need to practice, and can even be booked on demand.
This means members only have to pay for what they need to use, which can save them thousands of dollars long-term. It empowers members to operate their own small business and see many patients, without taking on the financial risk or high overhead costs.
Spending time with patients is a top priority for healthcare professionals.
Unfortunately, many physicians find themselves spending more time on logistics and office work and less time on delivering exceptional patient care when they open their own practice.
Medical coworking spaces aim to ease this pain point by offering receptionist and administrative services. This includes:
By taking care of the operational aspects of managing a private practice, healthcare providers can provide their patients with a better overall experience.
One of the greatest benefits of operating outside of the traditional healthcare model and medical sector is the independence and flexibility that it allows.
Medical coworking spaces can be booked on-demand, as needed, with very little upfront cost. They are also not attached to an institution, which can be very appealing to some practitioners.
This gives practitioners a lot of freedom and independence in how and when they see patients, and the ability to do so in a way that works for them.
Coworking space amenities can range from childcare services to yoga rooms.
Of course, the shared amenities at a medical coworking space will be a bit different from a typical coworking environment. Here are some popular shared amenities that we see included in a medical coworking membership plan:
These amenities benefit both practitioners and patients while helping healthcare professionals provide a better experience.
Curious about what a real-life medical coworking space looks like? Let’s take a look at three Optix clients who are operating successful, multi-location medical coworking businesses.
Lina is a medical coworking space with three locations in the US. They were one of the first medical coworking spaces in the world, and they have done an incredible amount of work in paving the way for this growing coworking niche.
Lina offers a variety of rooms for medical practitioners including:
What really sets Lina apart is its commitment to community and excellence. Their spaces are immaculate and their amenities are top-notch.
Learn how Lina built a thriving community of independent healthcare practitioners with Optix.
“Lina is a leading medical coworking company built to support the practice needs of independent health practitioners. We offer turnkey office suites for medical, mental health, and wellness practitioners along with concierge amenities that greatly reduce overhead costs and barriers to practice.”
Wellshare is an Australian medical coworking network with nearly 10 locations across the country. They offer beautiful rooms to fit a diverse set of member needs and medical practices from psychology rooms to cosmetic rooms to beauty rooms.
Wellshare has five core tenets that define their business:
This is what drives Wellshare to create a wonderfully unique experience for its members.
“Wellshare is on a mission to modernise healthcare. We aim to help practitioners build their brand, work flexibly and reclaim autonomy over their work life. We want to help practitioners in our community attract and retain patients by delivering the highest quality of care.”
Andador Medico has three medical coworking spaces across Mexico.
They offer medical concierge services, security, valet parking, and more unique amenities to create an elevated experience for their members.
“We are a collaborative work center for health professionals in Mexico City. We are committed to providing you with personalized and reliable spaces to transform your consultations into an exceptional experience.”
There’s a lot to learn about opening a medical coworking space. Here are a few things you’ll need to keep in mind when opening a coworking space in the healthcare industry or medical sector.
Privacy and compliance are going to be paramount to your success with a medical coworking space. Put simply, you cannot operate unless you are compliant.
Take some time to understand medical spaces in your city and what sort of regulation exists. At the very least, you’ll need to consider:
Operating a medical coworking space is like having two sets of members: practitioners and patients. While your focus is likely to be on the practitioner, you can’t forget about their patients.
It’s important to consider how your coworking space will support the patients of your members too. Can you provide them with complimentary refreshments? How will patients be able to book with your practitioner, and is this something you’ll be managing? Will you have a front desk receptionist to manage members?
Considering these elements will help you provide all members with a better experience in your space.
Unlike a traditional coworking space made up of desks and tables, medical coworking spaces require a tremendous amount of specialty equipment.
Be prepared to invest a large amount of money upfront to ensure your spaces are well-equipped for the appropriate medical professional.
The cost to purchase and maintain this medical and office equipment should then be factored into your pricing strategy.
Many healthcare practitioners want a community but struggle to find it. A thriving community of doctors, dieticians, and therapists can be absolutely invaluable to your members.
Consider how you can support your members with community-focused coworking events and networking opportunities.
You may also want to consider how you can use technology to bring your community together, such as implementing a digital directory in your space to manage member relations like Lina.
This brings us to our next point…
Running a medical coworking space can be challenging. Building out a functional coworking tech stack can help you manage your space far more effectively. This includes:
A great tech stack will save you ample time and energy when it comes to running a successful business by helping you manage bookings, member relations, events, and more.
That way, you can focus more of your attention on supporting doctors and physicians in opening their own private practice, and providing an impeccable office space.
Learn more about how Optix supports medical coworking spaces in managing their space.
Want to learn if coworking software is right for your business? Book a free demo today.
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