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- Feb 29, 2016
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In the "old days," establishing a joint home-office was actually a pretty common way to set up an urban medical practice. The first floor, for example, would be devoted to the practice: waiting lobby, a couple of exam rooms, and the doctor's actual office - perhaps also a reception desk. The top floor would be his actual house. From what I've been able to gather, municipal zoning laws have seemed to contribute to the decline of this practice, but some doctors still know how to make it work.
Some pros: no commute, huge reduction in overhead costs (no longer have to maintain a separate office space and pay all the rent and other fees associated with that), and you can also claim some pretty big home-office tax deductions.
Some cons: You obviously can't live out in the suburbs, need a large initial investment to make sure your house is up to all health and safety standards (handicap accessible, large enough parking lot, complies with HIPAA, etc), and of course not every specialty can do it - eg) surgeons need an actual OR
I'd be interested to hear from anyone with experience in this type of practice who can talk about other pros and cons? Is this practice style only feasible for primary care specialties? Is it not feasible at all?
Some pros: no commute, huge reduction in overhead costs (no longer have to maintain a separate office space and pay all the rent and other fees associated with that), and you can also claim some pretty big home-office tax deductions.
Some cons: You obviously can't live out in the suburbs, need a large initial investment to make sure your house is up to all health and safety standards (handicap accessible, large enough parking lot, complies with HIPAA, etc), and of course not every specialty can do it - eg) surgeons need an actual OR
I'd be interested to hear from anyone with experience in this type of practice who can talk about other pros and cons? Is this practice style only feasible for primary care specialties? Is it not feasible at all?