Mergers and acquisitions have come to private practice medicine during the last five years — and in a big way. It would be difficult to find a physician of any specialty in any U.S. location who is not aware of this trend.
Physicians reading this article are likely to personally know other physicians who have recently considered a practice sale or merger, or even consummated a transaction. Perhaps you are in this position yourself, notes Healio.
Preparing the practice financially not only means having the books and records organized and in order but can be more broadly defined as maximizing the value of the practice to a potential acquirer. This objective can be achieved by creating processes and procedures for everything in the practice that is not clinical — from an initial patient intake and checkout to post-appointment follow-up and marketing. Read more.
