Smart Leasing Strategies for Healthcare Practices: A Conversation with Richard Hittman
Release Date: 01/13/2025
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This week Stephanie Rodin speaks with her guest, Richard Hittman. The two discuss the common pitfalls in lease agreements, the essential team you need for securing a healthcare practice location, and the lengthy process of setting up a practice.
In this episode, we discuss:
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How client education is handled
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What problematic clauses are found
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When to question terms and conditions
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Why a specialized team is essential
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Why a thorough lease review is crucial
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How clients should trust their instinct
Dr. Richard A. Hittman, D.M.D.
Richard A. Hittman is a seasoned expert in commercial real estate leasing and sales, with a specialized focus on medical and office spaces in Manhattan. Since 2000, Richard has been instrumental in navigating complex lease negotiations and providing strategic guidance in office layout and design for a diverse range of healthcare professionals, including general practitioners and specialists.
Prior to his real estate career, Richard was the President and Owner of a successful healthcare services company from 1992 to 2000. Under his leadership, the company expanded to eight offices across the state, employing over 325 staff members and generating revenues of $10 million. His ability to integrate comprehensive healthcare solutions with operational efficiency made a profound impact on the institutions and medical facilities he served.
Richard began his professional journey as a dentist, developing and expanding two multi-disciplinary dental practices in Connecticut from 1978 to 1992. During this time, he mastered contract negotiations with insurance companies to offer services on a set fee basis, significantly enhancing the accessibility and affordability of dental care.
Richard holds a Doctor of Dental Medicine (D.M.D.) degree from the University of Pennsylvania, School of Dental Medicine, and a Bachelor of Science in Biology/Business from Fairleigh Dickinson University. His extensive experience in both healthcare and real estate underscores his unique ability to understand the needs and priorities of medical professionals, making him a valued partner in their business endeavors.