Louisiana Medical Group Management Association

Webinar: Maximize Your Profitability Through Real Estate

  • 08/09/2022
  • 12:00 PM - 1:00 PM

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Maximize Your Profitability Through Real Estate

ABOUT THE WEBINAR:

In today’s economy, maximizing profitability is crucial to staying in business. In addition to increasing production, managing overhead is vital. For most medical practices, real estate is typically one of their highest expenses, only second to payroll. There are dozens of factors that determine the outcome in every purchase or lease negotiation. A properly or poorly negotiated transaction can impact a practice by tens to hundreds of thousands of dollars over a ten-year period. With this much at stake, it is paramount to maximize every commercial real estate opportunity through essential strategies. During this webinar we will educate, prepare and equip medical professionals, managers and administrators to fully understand how to approach any commercial real estate transaction they will encounter in each stage of their career or practice, including practice transitions. We will also discuss the considerations between leasing vs. purchasing, office space vs. retail space, how to maximize your real estate budget, and more.

Learning Objectives:
• The impact real estate has on a practice’s profitability including the importance of negotiation strategy and posture and how market knowledge can affect the negotiations
• Types of transactions available to practice owners, ideal timelines for each transaction and how to assemble the right team.
• How to avoid the most common pitfalls in commercial transactions and understanding the mindset of the landlord.

Presenter: Amanda Blackwood is a Broker for CARR in Washington, supporting healthcare clients. Prior to joining CARR, Amanda spent 12 years in the Commercial Furniture industry and has always had a passion for helping professional clients set up their offices. Amanda graduated with a bachelor’s degree in Business and Economics from Oklahoma State University. Amanda was born and raised in Oklahoma but now calls Seattle home where she lives with her husband, three very active boys and two dogs! Amanda is also a proud member of the Cherokee Indian Tribe.


Register today!

LMGMA webinars are approved for 1.0 CE credit hour of LIVE learning from MGMA state for those attending the live session. Webinars are approved for 1.0 CE credit hour from MGMA state for on-demand listening.

This webinar has been approved for 1.0 credit hour by the AAPC.

LMGMA offers FREE Webinar Series as a benefit of membership. Our webinars focus on the domains of the ACMPE Body of Knowledge. These webinars are free to ALL members. To register as a non-member for a fee, please contact Kristina Romero or Join LMGMA. Recordings of webinars are available online under the Members tab on our website.

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MGMA-Louisiana State Office / Phone: (985)290-8020/ 1527 Gause Blvd. #105/ Slidell, LA 70458

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