• Industry News
  • Law & Malpractice
  • Coding & Documentation
  • Practice Management
  • Finance
  • Technology
  • Patient Engagement & Communications
  • Billing & Collections
  • Staffing & Salary

Selling to a Hospital

Article

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?

Related Videos
The importance of vaccination
The fear of inflation and recession
Protecting your practice
Protecting your home, business while on vacation
Protecting your assets during the 100 deadly days
Payment issues on the horizon
The future of Medicare payments
MGMA comments on automation of prior authorizations
The burden of prior authorizations
Strategies for today's markets
Related Content
© 2024 MJH Life Sciences

All rights reserved.