2010-09-02T16:11:44.249-07:00

Selling a dermatology practice in Ohio Northeast

Ohio Northeast - Selling dermatology office, long established solo medical/surgical practice collecting $600,000 annually on part time hours. High net income of $400,000. Lots of growth potential by expanding scope of the practice and accepting more insurance. Well established and good reputation for providing high quality care. 96% Medical/surgical dermatology, 4% cosmetic. Excellent staff. Tremendous growth potential by expanding practice scope and provider coverage. Retiring seller will assist to facilitate a successful transition. 100% Dermatology Practice Loan Purchase Financing Available.

2010-09-01T21:14:57.330-07:00

Optometry practice for sale

Optometry practice appraisal and sales. Florida west coast optometry practice for sale Exceptional opportunity grossing $1,300,000 + in 2009. Exhibiting strong organic growth rate of 10-15% over the last three years. Additional revenue potential by expanding optometrist coverage hours. Optometry loan financing available.

2010-08-31T11:28:55.166-07:00

On the Flipside: When trimming overhead in a medical practice goes too far

I wrote an article about managing medical practice overhead expenses by looking for some creative ways to cut cost. Also found this blog entry on MGMA about being mindful about not going too far. When margins get leaner it can be tough to manage all of these aspects, but cash flow in the practice tantamount to operating a successful practice. The important thing is ascertain which expenses need to go and which cuts would cause strife within the practice. Running an efficient operation is also very important to the pre-sale planning process when a selling doctor is looking to transition out.

2010-08-30T13:54:20.454-07:00

Suddenly Solo: Blog from Urologist on Starting a practice

Found an interesting blog called The Independent Urologist, and a posting regarding starting up a practice from scratch. He makes a good point about dealing with obstacles in a practice from the ground up:

"....My obstacles in February 2006 included lack of office space, little practice management knowledge, not enough money, no patients, no hospital staff privileges, no referring doctors, etc. Your obstacles may be similar to mine, but might be different, but you will have obstacles. Identifying them will help you to overcome them. It is essential that you list all--I mean all---of your obstacles. Slowly but surely, in a systematic fashion, you?ll overcome them."

Also makes a keen point about establishing concrete goals, not just grandiose ideas of the amount of income or level of success one would like to achieve by having their own practice:

"Finally, you must have goal. And not something like ?to make a lot of money.? You?ll never have enough money. I mean to set a professional goal. What you want from your practice, profession, life, etc. My goal was my ideal practice?my dream practice. The practice I always wanted, but never thought I could have. If you don?t have a goal, get one. If your goal is nebulous, focus it, on paper."

Good blog. Looks like he's got a book too.

2010-08-27T18:12:46.941-07:00

Cutting overhead in the Medical Practice