Should You Offer Ancillary Services?
A number of medical practices around the country are offering ancillary services to their patients to help differentiate themselves from other practices, enhance patient services, and increase revenues. If your practice is considering offering ancillary services, such as ultrasound, physical therapy, imaging, or some other option, you’ll want to carefully think through the ramifications, costs, […]
Dental Practice Valuation Strategies
A dental practice valuation exercise can enhance the overall optimization of your dental practice, as well as allow you to comfortably entertain potential acquisition offers. In addition to obtaining an idea of what your practice is worth, the economic climate, competitive landscape, and private-equity infusion of funds should also influence the path you decide to […]
CIG Asset Management April 2019 Update
Following the very difficult end of 2018, stocks made a strong comeback in the first quarter of 2019, and most of it hinged on the Federal Reserve. We have come a long way since Fed Chairman Powell appeared to drive down the market on October 3 with these comments: “The extremely accommodating low interest rates […]
Urology Practice Valuation Strategies
A medical practice valuation exercise can enhance the overall optimization of your urology practice, as well as allow you to comfortably entertain potential acquisition offers. In addition to obtaining an idea of what your practice is worth, the economic climate, competitive landscape, and private-equity infusion of funds should also influence the path you decide to […]
Securing your wishes through charitable giving
Charitable giving plays an important role in many financial plans. However, many people tend to approach charitable giving as a quick exercise they think about once a year. In reality, it requires thoughtful planning, especially if you’re making larger charitable gifts, to ensure your wishes for your money both now and in the future are […]
Finding your medical practice’s optimal staffing level
If your practice has too few staff members, patient care may suffer and collections may slow down. If you have too many, you’ll face rising operational costs. Is there an optimal level that will allow you to operate your practice efficiently without letting your costs get out of control and creating dissatisfaction among patients? Start […]
Positioning your assets to pay for long-term care
One of the most likely expenses in retirement is often one of the most over-looked: paying for long-term care. With healthcare costs continuing to escalate and people living longer, the problem will only continue to grow. Are your assets positioned to help you pay for this possible retirement expense? There are three common strategies used […]
The role of technology in value-based care
In recent years, the healthcare industry has trended to value-based care, an approach that aims to deliver higher quality care more efficiently and with better patient outcomes. This has a meaningful impact on the way patients receive care as well as how providers are paid, leading many providers to evaluate how they operate. Technology, in […]
Expanding by buying another practice: What you should know
For some time, you have thought about expanding your private medical practice. However, you haven’t taken things much further because the right opportunity hasn’t appeared. Now, a nearby practice has been put on the market and it looks like it would fit in perfectly with your plans for expansion. Before you make an offer, though, […]
Transitioning your medical practice through merger or sale of an ownership stake
Constant changes in the healthcare industry, along with an aging physician-owner population eager to ramp down heavy workloads, have caused many providers to consolidate, either through merger or sale of the practice to another group, or transitioning an ownership stake in the practice to another individual. This consolidation has taken on many forms, including: Practices […]