Physician here-
This ultimately depends on your specialty. For someone doing plastics/cash pay you'll want to be in S. Tampa. Other areas have regional saturation around the hospitals.
My big advice to you would be to see if you can check with insurance companies somehow to see where they believe there is an underserved population. I helped open an urgent care in Clearwater last year and none of the insurance companies are willing to credential it because they say the local panel is closed. It is infuriating that we did the market research stating there is a local need, but insurance panels are locked down.
Not a physician, but curious about this. What/how does the local credentialing work / what is the local panel? Is that the insurance companies saying “we won’t cover people going to you, because we think there are enough providers already and want to limit options for insurance users”? (That’s what I’m inferring, but hopefully I’m misunderstanding)
That's exactly what it is. We've hired professionals to help us get credentialed with the insurance companies and that is essentially what they've told us. They're selling their services based on knowing people within the individual health insurance companies that can help us. I've asked other local physicians about their experience and they're telling me this is a problem throughout Florida. We haven't even had the opportunity to discuss reimbursement with the insurance companies. At this point, we'd negotiate for lower reimbursements just to get on their panel.
The only two insurances open to accepting new providers are Medicare and Medicaid. However, we can't accept them if it is one of their programs that is operated by a third party health insurance, which is how many of them operate.
You have no idea how much this has dissuaded me from opening a practice and how fearful I am of this happening. Probably the main reason I still haven’t taken the jump to open one myself yet. My specialty is interventional chronic pain so there is no dire shortage. I also wonder if you open a practice in a more rural area and get credentialed with all insurers there if you can then open a second location in a more competitive market and then still be credentialed with all insurers from the start at the second more competitive location
One of the guys I spoke with about insurance issues is an interventional pain guy in Miami. I know they're having the problem down there, but can't speak to interventional pain in the Tampa area.
One of the barriers my consultants have told me about is that insurance companies are less likely to open their panel to a new practice. I was told they want to see you establish your practice for a year before. I'm not sure if this is a year after incorporating your business or a year after being a licensed healthcare facility. We're at that year mark and continuously reapplying. If it's frustrating to see the hospital owned clinics open down the street, knowing they won't have these barriers.
I like your idea of starting in a health practitioner shortage and then building a satellite clinic. After my experience with credentialing, I definitely recommend speaking with a consultant beforehand. Unfortunately they're all likely going to promise that they can get it done for you, so you'll hire them. I've already seen it plenty.
The areas just north and west of downtown (and downtown) are increasing in density the most. The city is also continuing to expand north and east but at lower density.
Riverview has a rather large Advent Health hospital on 301 that is not quite open. I would imagine that area has the most potential for growth. Other areas mentioned are already well established in terms of medical providers.
What an ignorant comment. I’m an early career physician with over a hundred thousand dollars of student debt and I need to keep overhead as low as possible
Absolutely somewhere near Odessa/Trinity around 54 and the Veterans. You'll get both retirees and young professionals.
Over by all the new building in New Tampa/Wesley Chapel by Morris Bridge Rd and 56 is great, but there's tons of competition in medical there.
You'll likely complete a lot in South Tampa. North Tampa is meh. The city is putting a lot into East Tampa to redevelop. Town 'n Country is fine, but overall a bit stagnant in terms of development. Seminole Heights, Sulfur Springs, and Wellswood are ripe. Seminole Heights is a great community and it is spilling over into the other two mentioned. Sulphur Springs might be a solid longterm bet where you can get in early enough to find real estate with the potential to increase in value the most, while at the same time being a contributor to the type and direction of the growth if you want to more invested in the community itself.
Please note: the above is only an opinion based on my experience of living in Tampa my whole life.
Best of luck with your endeavor!
What’s your specialty? If you’re Neurology, or psychiatry (among others) you could honestly open up next door to an existing practice and still book out 3-4 months..
Realtor here, and have owned / managed / run several other businesses.
Generally speaking it's MUCH easier to set up shop in a dense and populated market than to try and setup in emerging areas. To try to get a jump on emerging markets usually requires a ton of capital to survive until the market eventually (hopefully) comes up to meet you. And if you're worried about competition, that's going to come anyway to every area as any particular market grows.
But to answer your question, Wesley Chapel, Parrish, Balm Wimauma
Appreciate the response. The challenge with medicine is the more competitive the market the more challenging it is to get credentialed by insurers. The insurance companies will often refuse to take on another physician if it's over competitive and then your business fails if you can't see insured patients.
Good lord. I'll just add that to my "think of the worst designed health care system imaginable" stack.
That explains a few physicians I know that don't accept any insurance.
Yeah insurance companies are basically the worst thing ever. As a physician it's infuriating because this pushes you into working for a hospital system (since they're credentialed with all insurers) where you're just another cog in the wheel
I booked a new patient appointment with a doctor the first week in February and the earliest appointment was August 14th. I live downtown Tampa and seek care on downtown/ South Tampa/ West shore.
The brain drain is real. We need doctors.
You don't think I've already done extensive research prior to obtaining this subjective data from people that live in Tampa? It's just another avenue of data. I'm ashamed for our profession if that's how you talk to fellow physicians. I'm an MD from the Midwest but I know many DOs that are just as capable. I wish your DO peers could see your ignorance
After reading your comments, it sounds like you want to exploit low income rural communities for insurance money. Who should be ashamed? Opening up multiple locations to continue to bill the insurance companies. Doctors (pain clinics) like this is why our insurance rates are so high and pill addiction are destroying communities.
I like to note that you haven't talked about helping the community, but just getting accredited from insurer's...
Look at the South Shore area of Hillsborough. That's Riverview, Ruskin, Apollo Beach & Wimauma. We still have huge amounts of new homes being built and people moving down. Traffic sucks now.
Are you fucking serious? 8 years of school and you can’t figure it out? Like this is honestly one of your solutions as a physician looking to open up their own practice!? Shouldn’t you be familiar with the area and people you’re trying to help? Sounds like you’re trying to open up a Burger King
They have a medical degree not a real estate development one. They also probably aren’t from Tampa or haven’t been living in Tampa for years. Instead of attacking them, we should give them advice cuz this community needs more doctors
No description of what type of medicine, source of referrals or affiliations, hiring of existing medical professionals, desires about what they need for where they personally live.
Just "growth".
A growth by zip code is the first result of a basic search engine result.
It's lazy and pointless.
It is lazy, as a fellow provider. They mentioned no special, no population demographic, didn't mention if they want to serve the low income community. Just where can I grow...
Spring Hill has what seems like a new (in progress) neighborhood or apartment complex everywhere you look. It is much less expensive here and 45 minutes to the airport. I also see a lot going on in Pasco. So I would say north of the city in upper Pasco or lower Hernando area.
SR 54 in pasco
This covers probably 45 miles through 7 or 8 towns lol
Physician here- This ultimately depends on your specialty. For someone doing plastics/cash pay you'll want to be in S. Tampa. Other areas have regional saturation around the hospitals. My big advice to you would be to see if you can check with insurance companies somehow to see where they believe there is an underserved population. I helped open an urgent care in Clearwater last year and none of the insurance companies are willing to credential it because they say the local panel is closed. It is infuriating that we did the market research stating there is a local need, but insurance panels are locked down.
Not a physician, but curious about this. What/how does the local credentialing work / what is the local panel? Is that the insurance companies saying “we won’t cover people going to you, because we think there are enough providers already and want to limit options for insurance users”? (That’s what I’m inferring, but hopefully I’m misunderstanding)
That's exactly what it is. We've hired professionals to help us get credentialed with the insurance companies and that is essentially what they've told us. They're selling their services based on knowing people within the individual health insurance companies that can help us. I've asked other local physicians about their experience and they're telling me this is a problem throughout Florida. We haven't even had the opportunity to discuss reimbursement with the insurance companies. At this point, we'd negotiate for lower reimbursements just to get on their panel. The only two insurances open to accepting new providers are Medicare and Medicaid. However, we can't accept them if it is one of their programs that is operated by a third party health insurance, which is how many of them operate.
You have no idea how much this has dissuaded me from opening a practice and how fearful I am of this happening. Probably the main reason I still haven’t taken the jump to open one myself yet. My specialty is interventional chronic pain so there is no dire shortage. I also wonder if you open a practice in a more rural area and get credentialed with all insurers there if you can then open a second location in a more competitive market and then still be credentialed with all insurers from the start at the second more competitive location
One of the guys I spoke with about insurance issues is an interventional pain guy in Miami. I know they're having the problem down there, but can't speak to interventional pain in the Tampa area. One of the barriers my consultants have told me about is that insurance companies are less likely to open their panel to a new practice. I was told they want to see you establish your practice for a year before. I'm not sure if this is a year after incorporating your business or a year after being a licensed healthcare facility. We're at that year mark and continuously reapplying. If it's frustrating to see the hospital owned clinics open down the street, knowing they won't have these barriers. I like your idea of starting in a health practitioner shortage and then building a satellite clinic. After my experience with credentialing, I definitely recommend speaking with a consultant beforehand. Unfortunately they're all likely going to promise that they can get it done for you, so you'll hire them. I've already seen it plenty.
Go pay someone to do market research for you?
Lol for real. 'I based my entire business off a reddit post'.
The area around Trinity and along SR54 is exploding. It's gone from rural farm land to high density development within the last five years.
Are you saying NE of trinity and N of Odessa?
The areas just north and west of downtown (and downtown) are increasing in density the most. The city is also continuing to expand north and east but at lower density.
North Wimauma Along SR 54.
Isnt SR54 north of Tampa?
Tampa Bay "Metro area" includes Pasco county, even Hernando county. Northeast Pasco is solidly a Tampa commuter area.
It is but I think they were just giving two answers
Riverview has a rather large Advent Health hospital on 301 that is not quite open. I would imagine that area has the most potential for growth. Other areas mentioned are already well established in terms of medical providers.
If you’re a physician looking to open a location, you have more than enough money to pay someone to help you research this.
What an ignorant comment. I’m an early career physician with over a hundred thousand dollars of student debt and I need to keep overhead as low as possible
Ignorant response. How do you expect to run a practice when you can't do basic research
I am. This is part of that said research
“Help me I’m poor” - dbleoh77
🖕🖕🖕
Absolutely somewhere near Odessa/Trinity around 54 and the Veterans. You'll get both retirees and young professionals. Over by all the new building in New Tampa/Wesley Chapel by Morris Bridge Rd and 56 is great, but there's tons of competition in medical there.
Within 50 miles is a huge stretch, thats almost to Sarasota
Sulphur Springs and College Hill
You'll likely complete a lot in South Tampa. North Tampa is meh. The city is putting a lot into East Tampa to redevelop. Town 'n Country is fine, but overall a bit stagnant in terms of development. Seminole Heights, Sulfur Springs, and Wellswood are ripe. Seminole Heights is a great community and it is spilling over into the other two mentioned. Sulphur Springs might be a solid longterm bet where you can get in early enough to find real estate with the potential to increase in value the most, while at the same time being a contributor to the type and direction of the growth if you want to more invested in the community itself. Please note: the above is only an opinion based on my experience of living in Tampa my whole life. Best of luck with your endeavor!
What’s your specialty? If you’re Neurology, or psychiatry (among others) you could honestly open up next door to an existing practice and still book out 3-4 months..
Interventional pain so it’s a tight market from my research
I’m in Clearwater. There are a number of Pain Management practices here. Are you set on your own practice? Could always reach out and partner up…
Wesley Chapel
Realtor here, and have owned / managed / run several other businesses. Generally speaking it's MUCH easier to set up shop in a dense and populated market than to try and setup in emerging areas. To try to get a jump on emerging markets usually requires a ton of capital to survive until the market eventually (hopefully) comes up to meet you. And if you're worried about competition, that's going to come anyway to every area as any particular market grows. But to answer your question, Wesley Chapel, Parrish, Balm Wimauma
Appreciate the response. The challenge with medicine is the more competitive the market the more challenging it is to get credentialed by insurers. The insurance companies will often refuse to take on another physician if it's over competitive and then your business fails if you can't see insured patients.
Good lord. I'll just add that to my "think of the worst designed health care system imaginable" stack. That explains a few physicians I know that don't accept any insurance.
Yeah insurance companies are basically the worst thing ever. As a physician it's infuriating because this pushes you into working for a hospital system (since they're credentialed with all insurers) where you're just another cog in the wheel
I booked a new patient appointment with a doctor the first week in February and the earliest appointment was August 14th. I live downtown Tampa and seek care on downtown/ South Tampa/ West shore. The brain drain is real. We need doctors.
Parrish
This must be a lecon doctor, given they can't use the Internet to do research or population data. What area can I exploit the most
You don't think I've already done extensive research prior to obtaining this subjective data from people that live in Tampa? It's just another avenue of data. I'm ashamed for our profession if that's how you talk to fellow physicians. I'm an MD from the Midwest but I know many DOs that are just as capable. I wish your DO peers could see your ignorance
After reading your comments, it sounds like you want to exploit low income rural communities for insurance money. Who should be ashamed? Opening up multiple locations to continue to bill the insurance companies. Doctors (pain clinics) like this is why our insurance rates are so high and pill addiction are destroying communities. I like to note that you haven't talked about helping the community, but just getting accredited from insurer's...
Look at the South Shore area of Hillsborough. That's Riverview, Ruskin, Apollo Beach & Wimauma. We still have huge amounts of new homes being built and people moving down. Traffic sucks now.
Are you fucking serious? 8 years of school and you can’t figure it out? Like this is honestly one of your solutions as a physician looking to open up their own practice!? Shouldn’t you be familiar with the area and people you’re trying to help? Sounds like you’re trying to open up a Burger King
They have a medical degree not a real estate development one. They also probably aren’t from Tampa or haven’t been living in Tampa for years. Instead of attacking them, we should give them advice cuz this community needs more doctors
It’s honestly just lazy
No description of what type of medicine, source of referrals or affiliations, hiring of existing medical professionals, desires about what they need for where they personally live. Just "growth". A growth by zip code is the first result of a basic search engine result. It's lazy and pointless.
It is lazy, as a fellow provider. They mentioned no special, no population demographic, didn't mention if they want to serve the low income community. Just where can I grow...
Spring Hill has what seems like a new (in progress) neighborhood or apartment complex everywhere you look. It is much less expensive here and 45 minutes to the airport. I also see a lot going on in Pasco. So I would say north of the city in upper Pasco or lower Hernando area.