Nick Hernandez

Your weekly dose of wisdom from the Physicians Practice experts.

It's never too early to start planning next year's strategy.

The decision to buy, sell, or merge a medical practice is more complicated than ever.

The most common reason for strategy failure is that they failed to build execution into their strategic planning process.

Regardless of the reason for selling, there are numerous complex issues a medical practice must consider when its owners decide to sell.

Strategic planning is your practice’s road map to a shared vision.

Don't wait until it's too late to start planning for practice succession.

Thinking of merging? Don't overlook these components of an effective one.

Avoid these pitfalls when selling your medical practice.

Avoid these pitfalls when selling your medical practice.

Don't make rigid assumptions when looking to sell your practice.

A look at the reasons physicians sell their practices.

Proper planning can create a framework to keep a practice running when the unexpected occurs.

Strategic planning involves elements of both art and science, combining analysis and calculation with intuition, inspiration, and creativity.

Management Services Organizations are not for every physician, but they are certainly here to stay for a long time to come.

Maximize the value of your practice and property by putting a proper plan in place.

There are many different models for strategic planning. Attempting to "jump right in," however, is ill-advised. Here are three steps to consider.

A shared vision for your practice’s three-to-five-year horizon can amplify your practice to grow revenue and weather internal and external crises.

Rugged individualism has its limits.

What you need to know to reduce your risks in a merger or acquisition.

A high-level overview of what goodwill is and how it factors (or doesn’t factor) into a medical practice sale.

Preliminary basics you need to consider.

Anything short of twelve months and you will almost always find yourself on the losing side of the transaction.

How you can begin transitioning your practice to your children.

When physician partners are disputing, their quarrels tend to disrupt the daily operations of their practice. If they are not careful about keeping their disputes between themselves, it can result in the failure of their medical practice.

The decision to sell your practice is never one made lightly.

The purpose of an organization chart is to depict the skeletal structure of your practice; including the functional relationships between your staff.

Effective management is the ability to influence staff so that they willingly and enthusiastically strive toward achievement of practice goals.

To plan well is to demonstrate imagination, not merely to apply mechanical procedures.

Whether it is for growth reasons or succession planning, bringing in a physician partner has many advantages