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 […]
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 […]
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, […]
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 […]