Medical Practice Case Study

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Tips for Selling Your Medical Practice
The medical practice environment has gone through some extensive adjustments in how business is conducted with the new healthcare initiatives. What hasn’t change when selling a practice, or buying a practice are the details and legal preparations needed to complete the process. It’s important to work with a medical broker experienced in maximizing the valuation of the practice for sale, and knowledgeable of the recent healthcare law requirements to avoid federal penalties.
When selling a practice the most critical factors is determining the value of the medical practice according to the market segment, economic development of the region including the region’s professional and social amenities. It’s no …show more content…

A good assessment is based on the actual business value not the owner’s emotional opinion and supported with clearly defined information consisting of market findings, rational judgements and accurate calculations easily understood by the seller. Part of the assessment considerations for medical practices today are assumptions, which may play a role in determining the final sales price. The assumptions are mostly due to the recent changes in healthcare requirements and the potential future changes affecting the business …show more content…

What these two components share is information about business relationships established along with the medical office practice influencing not only current clients but the future ones. One of the major values for the healthcare business being sold is tied to its electronic medical records. As of 2015 medical offices were mandated to implement digital technology for record keeping in the office. Failure to do so jeopardizes certain aspects of reimbursement revenues for particular medical services. There’s no doubt about it non-compliance at any level affects the value of the

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