Measure Your Medical Practice’s Performance
Is your medical practice moving forward, standing still, or losing ground? You’ll know the answer if you compare different aspects of your medical practice’s operations to appropriate benchmarks. CIG Capital Advisors’ Medical Practice Dashboard makes it easier to compare your practice to peers around the U.S. What To Measure There are two types of benchmarking: […]
What Ophthalmologists Need to Know Before Selling Their Practice to a Private Equity Acquirer
The private equity acquisition market has been heating up in recent years, and private ophthalmology practices whose physician-owners are in the market to sell stand to gain from the industry’s interest. Part of the private equity market’s rush to acquire ophthalmology practices stems from a historically large surplus of cash– $2 trillion as of the […]
What Dermatologists Need to Know Before Selling Their Practice to a Private Equity Acquirer
The private equity acquisition market has been heating up in recent years, and private dermatology practices whose physician-owners are in the market to sell stand to gain from the industry’s interest. Part of the private equity market’s rush to acquire dermatology practices stems from a historically large surplus of cash– $2 trillion as of the end […]
Making Use of Cash Flow Projections
When you manage your medical practice’s cash flow effectively, you can better prepare your practice for both strong and weak economic times. The key to managing cash flow is the cash flow projection — a forecast of your practice’s cash receipts and expenditures. A cash flow forecast shows the anticipated flow of money entering and […]
Controlling Overhead Costs
If it’s been some time since you took a good look at your medical or dental practice’s overhead costs, you may be missing out on opportunities to boost profitability. Here are some key areas to scrutinize: Staffing Your biggest expense is probably the cost of staffing your medical or dental practice. There are several ways […]
Critical Financial Metrics for Medical Practices
Keeping a close eye on the financial health of your medical practice is essential, but it also can be time consuming. Instead of sifting through reams of data, it can be useful to identify metrics that will alert you to important issues early on. Here are some key financial metrics to consider emphasizing in your […]
Importance of Budgeting for Private Medical Practices
Budgeting for Private Medical Practices As in any other business, a budget can be an important management tool for a private medical practice. A budget is a way for you to measure and keep track of both revenues and expenses. Budgeting for private medical practices helps you identify and fix any inefficiencies in your […]
Ophthalmology Practice Valuation Strategies
A practice valuation exercise can enhance the overall optimization of your ophthalmology 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 take. […]
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, […]
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 […]