Ophthalmology Industry Trading Multiples and Recent Buyers
In the first part of our look at merger and acquisition activity in the ophthalmology industry, we examined ophthalmology practice valuation strategies and the buying/selling process. In the second part, we look at the trading multiples that ophthalmology practice sellers could expect to see in today’s market, and a few of the recent larger transactions […]
Medical Practice Performance: How healthy is your medical practice?
Medical Practice Performance Taking time to evaluate your medical practice performance may seem unnecessary when your waiting room is full of patients and your staff is busy every minute. However, external signs may not be true indicators of how well your practice is doing. How can you judge medical practice performance? In the corporate world, […]
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 […]
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 […]
The importance of a buy/sell agreement
All group medical practices should strongly consider having a buy/sell agreement. Typically, a buy/sell agreement states that a physician’s ownership interest in the practice cannot be sold to someone outside the practice without the approval of the other members of the practice. The other physicians in the practice have the option of buying the ownership […]
Three ways your medical practice might lose out by not being transparent enough
In reaction to sweeping changes occurring in the healthcare industry, private practice physician-owners and network providers are seeing an increase in their patient population’s enrollment in High-Deductible Health Plans (HDHPs), which place a bigger financial burden on the consumer and require price transparency from providers. Patients, providers and payors can all view transparency in different […]