Niche coworking spaces are gaining popularity and medical coworking is increasingly helping doctors meet their needs and those of their patients in private practices.
Over the last few years, private practices are reportedly embarking on a massive consolidation mission where smaller niche medical coworking spaces are integrated into larger healthcare providers.
Doctors are selling their practices and instead relying on niche medical coworking spaces.
Medical coworking uses the same principles as regular coworking spaces.
Nexis Wellness is another medical coworking provider based in Cleveland and LINA has three locations in NYC. Medical coworking helps doctors reduce the costs associated with setting up and running a private practice, which is particularly important when setting up a practice with relatively few patients.
A 2012 survey from the Doctor Patient Medical Association supports this theory, which found “95% of physicians see corporate medicine supplanting the traditional private practice.” A 2016 study also revealed, “Less than half of practicing physicians in the U.S. owned their medical practice in 2016, marking the first time that the majority of physicians are not practice owners,” according to the Forbes article from Wilson.
The times are changing and doctors should consider coworking models to expand their practice and remain competitive in today’s demanding medical industry.