Back in the early and mid 90’s many doctors considered selling their independent practices to hospitals or merging with larger practice groups. Many at the time were fearful of what effect “managed care” would have on their practice. Selling out seemed to be the right answer. Our own clients were not immune. For those who […]
Understanding A Buy Sell Agreement
A buy sell agreement is a contract between the owners (or the owners and the business entity itself) that establishes rules and restrictions applicable to changes in ownership. Typically, the buy sell agreement provides that an owner’s interest in the business will be sold at a specified price to the other owner and/or to the […]
A Doctor’s Guide to Their Ideal Practice Location
As the average US population continues to age, the demand for physicians is outpacing supply. According to a report released by the Association of American Medical Colleges, demand for doctors from 2013 to 2025 is projected to grow 17%. By 2025, this demand for physicians may exceed supply by a range of 46,000 to 90,000. […]
Concierge Medicine: 5 Things to Consider Before Joining an Affiliate Network Company
Concierge medicine is a young industry model gaining much talk and consideration among independent doctors. Personally, I think that the model is a good one and worth serious consideration for primary care. I have seen ambitious doctors start their own concierge practice and those that do can be successful on their own. However, most doctors […]
Thumbs Up or Down? Rules of Thumb Play a Meaningful Role in Business Valuations (#007)
The pros and cons of using rules of thumb during a business valuation.