Smart Leasing Strategies for Healthcare Practices: A Conversation with Richard Hittman

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:

• How client education is handled

• What problematic clauses are found

• When to question terms and conditions

• Why a specialized team is essential

• Why a thorough lease review is crucial

• 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.