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Selling to a Hospital
Do you have any information about what to consider when a hospital is interested in buying your practice?
Question: Do you have any information about what to consider when a hospital is interested in buying your practice?
Answer: As you can imagine, the possible issues are numerous.
Briefly, though, pay attention to the details of the proposal offered by the hospital. Are the terms fair? Is it an outright purchase, or are there terms for what happens if the alliance dissolves? What does the hospital propose in terms of getting patients to you? Will it do your billing? How will that affect collections? Do your staffing decisions have to go through hospital bureaucrats? How are physicians compensated? If you run the numbers for the proposed compensation model based on production from last year, what would each physician make? What are the hospital’s expectations for productivity in the next few years? Has this hospital acquired other practices? Are the physicians at those practices happy?
Asset Protection and Financial Planning
December 6th 2021Asset protection attorney and regular Physicians Practice contributor Ike Devji and Anthony Williams, an investment advisor representative and the founder and president of Mosaic Financial Associates, discuss the impact of COVID-19 on high-earner assets and financial planning, impending tax changes, common asset protection and wealth preservation mistakes high earners make, and more.
Reducing burnout with medical scribes
November 29th 2021Physicians Practice® spoke with Fernando Mendoza, MD, FAAP, FACEP, the founder and CEO of Scrivas, LLC, about the rising rates of reported burnout among physicians and how medical scribes might be able to alleviate some pressures from physicians.
