Medical Money Matters with Jill Arena

Episode 193 | The Uneven Playing Field in Medical Construction: A Conversation with Jim Lampus

Jill Arena Season 4 Episode 193

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 30:34

Send us Fan Mail

Planning a medical office construction or renovation is one of the largest investments most physician owners will ever make—but it's also one of the least familiar. The difference between a project that finishes on time and on budget and one that's plagued by delays, change orders, and escalating costs often comes down to one thing: preparation.

In this episode of Medical Money Matters, I sit down with my good friend Jim Lampus, co-founder of Norwest Contractors and DesignLab, to discuss why medical construction is an inherently uneven playing field. Physicians may only undertake one or two construction projects during their careers, while contractors manage them every day. Jim shares how healthcare leaders can level the playing field by asking the right questions, choosing the right construction partner, and insisting on thorough planning before the first wall is ever built.

We also explore one of the biggest frustrations in medical construction: contractors who submit unrealistically low bids, only to make up the difference through a steady stream of costly change orders once construction begins. Jim explains why comprehensive due diligence, detailed preconstruction planning, and transparent estimating are the keys to avoiding unpleasant surprises and delivering a successful project.

Whether you're building a new medical office, expanding your practice, or renovating your existing space, this episode is packed with practical advice that can save you time, money, and unnecessary stress while helping your project stay on schedule and on budget. Jim can be reached at: https://www.norwestgc.com/ or https://www.linkedin.com/in/jim-lampus-62981124/ 

Please Follow or Subscribe to get new episodes delivered to you as soon as they drop!
Visit Jill’s company, Health e Practices’ website: https://healtheps.com/
Subscribe to our newsletter, Health e Connections: https://share.hsforms.com/1FMup6xLPSpeA8hB77caYQwd32sx?hsCtaAttrib=171926995377 

Want more formal learning? Check out Jill's newly released course: Physician's Edge: Mastering Business & Finance in Your Medical Practice. 32.5 hours of online, on-demand CME-accredited training tailored just for busy physicians. Promo pricing available now: https://education.healtheps.com/offers/Ry3zfLYp/checkout?coupon_code=PHYSEDGE3000 


Purchase your copy of Jill’s book here: Physician Heal Thy Financial Self 
Join our Medical Money Matters Facebook Group here:
https://www.facebook.com/groups/3834886643404507/
Original Musical Score by: Craig Addy at
https://www.underthepiano.ca/ Visit Craig’s website to book your Once in a Lifetime music experience
Podcast coaching and development by: Jennifer Furlong, CEO, Communication Twenty-Four Seven
https://www.communicationtwentyfourseven.com/