Over the last month or so I hope you have successfully embraced this time of year by slowing down and enjoying things that are important to you. If you are into New Years Resolutions, I hope they are successful. I must be getting old, but I’ve decided if something is important to do, do it […]
There are a number of keys to selling a medical practice, and increasingly doctors are joining larger health systems rather than trying to run a practice on their own. The same is true for urgent care practices, a part of the ambulatory health care system. Urgent care practices usually act as stand-alone walk-in clinics where […]
No matter where you are with your medical practice, if you want to sell one of the best things you can do before you even put it on the market is to grow your practice. Whether that means upgrades, a remodel, or even relocating, the fact that you are growing makes your business more desirable […]
Electronic Medical Records (EMR) is now a reality. From the largest hospitals to the smallest rural practices, medical records have now gone digital. What does this mean when you are preparing to sell your medical practice? There are certainly benefits to having the right EMR, and a good one, before you even put your practice […]
A Letter of Intent in Sale of a Medical Practice (LOI), also known as a “term sheet” or a “memo of understanding (MOU)”, is a non-binding outline of a transaction. It’s frequently used in the sale of a physician’s medical practice. A letter of intent is a brief notation of the main terms of what […]
Medical malpractice lawsuits against physicians and their practices are not uncommon. Almost half (49.2%) of physicians age 55 and over have been sued, according to research by the AMA, and over a third of physicians (34%) have had a liability claim filed against them at some point in their careers. We show you how to protect assets […]
