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Blogs regarding selling and buying practices
Feb 16, 2012 05:58PM
2012-02-14T14:18:49.215-08:00
Ophthalmology Practice for Sale - South Central Michigan
Ophthalmology practice for sale in south central Michigan. Established for over 30 years in the community: Great reputation and loyal patient base. Grossing $550,000 annually with high net income of $370,000. Located in a 2,500+ sq. ft. office in a freestanding building. Includes 6 exam rooms, a procedure room, a doctor's office and other rooms. Varied payor mix of Medicare, Medicaid and HMO, with some PPO, Cash, and Workers Compensation. Well-trained staff and efficient processes in place. Very competitive asking price of only $75,000. The medical building is also available for sale. Up to 100% medical practice financing available. Call 800-416-2055 for more details.
2012-02-14T14:16:42.099-08:00
ENT & Facial Plastic Surgery Practice for Sale - San Gabriel Valley, CA
Otolaryngology/ENT and facial plastic surgery practice for sale in the San Gabriel Valley, CA. Providing general ENT diagnosis and treatments, and elective cosmetic procedures. Gross collections of $500,000 on only 20 MD hours/week. Situated in a 1,400 sq. ft. medical professional office with 5 exam rooms, a procedure room and a doctor's office. Balanced payor mix consisting of Medicare, HMO/IPA, PPO and Cash. Practice is ideal for an alternative to startup or satellite clinic. Up to 100% medical practice financing available. Call 800-416-2055 for more information.
2012-02-08T15:01:55.871-08:00
Dental Practice for Sale - Santa Monica, California
General dentistry practice for sale in Santa Monica, established for 30+ years. Grossing ~$650,000 annually on 4 days/week without any marketing. Located in a 1,500+ square foot office in a major medical professional plaza. Includes 5 operatories, sterilization/lab room, private office, and reception area. Strong patient recall and great community reputation. Considerable room for growth by increasing hours, services and marketing efforts. Good work-life balance: practice is located near beaches, parks, and shopping areas. Up to 100% dental practice financing available. Call 800-416-2055 for more details.
2012-01-25T11:56:53.732-08:00
Internal Medicine Practice for Sale - Florida
Solo Internal Medicine Practice for Sale in Brevard County, Florida. Annually grossing ~$700,000 on only 25 hours/week of MD coverage. Focuses on primary care and emphasizes a patient-centered approach. Well-trained staff and efficient operations in place. Plenty of recreational activities at the beach, community parks, and golf courses. Seller will assist new buyer to ensure a smooth transition. Up to 100% medical practice financing available. Call 800-416-2055 for more details. *This is an affiliate listing*
2012-01-12T13:01:20.381-08:00
Dental Practice for Sale ? Korea-town, Los Angeles
Dental Practice Sale Korea-town Los Angeles (Asset only) ? Established in 1998 and located in the heart of Los Angeles' Korea-town! This general dental office is in a highly visible and popular retail plaza. It occupies 900 square feet and consists of 2 fully equipped dental operatories and plumbed for 1 additional operatory space, Reception area, & Sterilization. Ideal as a start-up alternative or as a satellite location. It is currently running without any marketing. However, there is great growth potential by increasing marketing efforts. Contact dental practice broker for details at 800-416-2055 (x224).
Practice appraisal and valuation related articles
Thu, 23 Feb 2012 05:25:39 +0000
Feb 22, 2012 02:46PM
Selling a Dermatology Practice In Today's Market
Baby boomer physicians are continuing to age in great number, necessitating the sale of their practices. The Great Economic Crisis negatively impacted a large segment of selling physicians who were counting on maximizing the value of their practices for retirement purposes. The Crisis drove many baby boomer doctors to hold-off on selling their clinics out of fear, or out of the necessity to revive their practices in order to re-build battered retirement reserves. The financial and consumers markets, while not fully healthy, have recovered to a sufficient level to drive sellers back onto the market to divest their clinics
Dec 08, 2011 05:45PM
Patient Referral Website Marketing Anti-Kickback
The Office of Inspector General (OIG) posted an advisory opinion regarding an online coordination service for health care professionals. The Requestor, a company which provides web-based services to physicians, designed this service to facilitate the exchange of information between health care professionals. The Requestor informed that this coordination service is only available to its clients (e.g. physicians) who purchase the EHR service as well. However, any health care professional (providers, suppliers, etc.) may be included in the network free of charge. Clients who utilize both the coordination and EHR services would receive a small monthly discount.
Dec 08, 2011 05:35PM
Physician Allergy Lab Management Anti-Kickback
The Office of the Inspector General (OIG) recently released an advisory opinion (No. 11-17) regarding a laboratory services management company (the "Requestor") proposing to contract with physicians. Under the Proposed Arrangement, the Requestor would provide allergy testing and immunotherapy lab services to primary care physicians on an as-needed basis. The Requestor would be responsible for personnel, equipment, marketing and other factors pertaining to these services. Furthermore, the Requestor would review the physicians' patient files to identify those suitable for its services.
Nov 03, 2011 12:23PM
Patient Attrition: Will I lose patients after buying a dental practice?
Many buyers are concerned about over-paying for "goodwill". Much of this stems from the fact that they are not always confident in their ability, whether clinical or business management skills, to produce the same results as the Seller.
One of the great myths surrounding a practice transition is that up to half of the patients will leave the practice after the transition. However, a thoroughly planned transition can provide much better results. Keep in mind that an average dental practice loses about 10-12% of its patients each year through normal attrition. Jobs and insurance providers can change, or the patients may simply relocate. Therefore, it is recommended that ANY dental practice counteract this attrition by maintaining an effective marketing and recall program throughout the course of the year. This should be a TOP priority during the critical first year after a purchase.
Oct 26, 2011 09:39AM
Physician Incentives in Accountable Care Organizations ACO's
HHS announces new incentives for providers to work together through Accountable Care Organizations when caring for Medicare beneficiaries
The Department of Health and Human Services (HHS) recently released final regulations regarding Accountable Care Organizations (ACOs). These additional changes were based on over 1,300 comments received after the spring proposal of the rule. ACOs are designed to increase the efficiency of care delivery and payment, which in effect would save federal healthcare dollars and improve patient care. This offers another option for healthcare providers to collaborate in the care of Medicare beneficiaries. However, unlike managed care plans, Medicare patients will not be required to see a restricted group of physicians.
Oct 13, 2011 03:29PM
Selling a Medical Practice - Testimonial
Transition Consultants helped us to sell our primary care practice in 2 weeks. We had the urgency to relocate and did not have the luxury of time. This is when I got help from David and his company in bringing us a valid buyer who could understand and take over our practice within two weeks. David and Transition Consultants worked hard on and after hours and weekends to help us make this transition happen.
Oct 13, 2011 02:34PM
Dermatopathology Lab Management
The Department of Health and Human Services, Office of the Inspector General (OIG), recently released an advisory opinion pertaining to a pathology lab management arrangement (the "Proposed Arrangement"). Advisory Opinion No. 11-15 examines a proposal by a company (the "Requestor") wishing to contract with a Medicare-certified pathology lab. According to the Proposed Arrangement, the Requestor would furnish all the lab's operational needs, including equipment, non-physician personnel, medical billing and marketing. The lab, in return, would pay the Requestor a usage fee based on a fixed percentage of the lab's annual income, which may include reimbursements from Medicare and state health care programs.
Oct 11, 2011 04:15PM
Ophthalmology Premium IOL (Intra Ocular Lens) Co-management
A recent advisory opinion was released from the Department of Health and Human Services, Office of Inspector General (OIG), pertaining co-management. Co-management in vision care is the sharing of a patient's care between a surgeon and primary eye care professional. Advisory Opinion No. 11-14 pertains to a proposal from an ophthalmology group (the "Requestor") regarding co-management of cataract surgery patients with independent optometrists. Per the proposal, the independent optometrists would separately charge the beneficiaries for services related to premium refractive intraocular lenses that are not covered by the Medicare program. The group was inquiring whether the arrangement would violate section 1128(b)(7) of the Social Security Act (the "Act"), or the civil monetary penalty provision at section 1128A(a)(7) of the Act, as those sections relate to section 1128B(b) of the Act, the Federal anti-kickback statute.
Oct 10, 2011 02:31PM
Optometry Practice Management and Review
Optometric practice owners deal with a confluence of factors which impact the operational efficiency and financial performance of their businesses. With looming changes in the healthcare environment, optometrists in the private practice setting need to be mindful of strategies to stay competitive. The majority of optometry practice owners are responsible for both management as well as clinical care. As they may consider selling their practice at some point, they should be cognizant of operational issues, trends in Optometry, and other macro factors affecting the marketability and valuation of optometry practices.
Sep 26, 2011 11:08AM
Interview Transcript of ?Q and A with a Medical Practice Appraiser?
Christina Rodriguez: In this segment we are talking to Christopher Majdi, with Medical Practice Appraisers and Transition Consultants.
Q: What is your background and qualification?
A: I am a Certified Healthcare Business Consultant and hold a Master of Science Degree in Healthcare Administration. I have been involved in the valuation, sale and financing of healthcare practices for 10 years.
Updated medical practice sales listings and valuation projects
Feb 22, 2012 10:25PM
2012-01-20T02:05:16.000Z
Dental Medical Cross BillingDental Medical Cross Billing
http://dentalbiller.com Dental Billing Management specializes in dental to medical cross coding and billing. Providing Complete Lifecycle Billing Services including Medical/Dental Billing for Dentists, Pre-Authorization/Certification, Patient Eligibility Checks, Customized Superbills, Claim Submission, Claim Follow-up and Reconciliation, and Re-Submission of Rejected Claims. Dental-Medical Cross Billing is commonly used in Oral Surgery, Periodontics, TMJ: Diagnostics, Therapy, Heat, Night Guard, Surgery, Sleep Apnea, Accident-related procedures, Medical Circumstances (e.g. Diabetes, Pregnancy, Stroke, Heart Conditions, Cancer), Implants, Bone Grafting and Regeneration, and other services.
http://transitionconsultants.com/ Selling San Gabriel Valley dental practice for sale. Remodeled general dentistry practice which is located in a highly visible retail building on main street. 1,000 square feet with 3 operatories and plumbed for 1 additional op. Reception area, Doctor's office, Business office, Sterilization, Digital X-ray equipment included. Walk-in traffic visibility lends itself to steady stream of new patients. Nice updated equipment and facility. Near one of the busiest roads in San Gabriel Valley community. Part-time practice operating 1 day/week. Dental practice loan financing is available. Contact dental practice appraiser at 800-416-2055.
http://transitionconsultants.com Selling assets of a general dental practice in Temecula California. 4 complete operatories with complete build-out, equipment, and lease hold improvement. Priced to Sell. Ideal location for a General or Multispeciality Clinc. In a professional medical building with good access and visibility. Practice is relocating and has been collecting over $800,000 annually. Dental equipment appraisal available. Video Music Credit: Stephen Burns.
Medical practice broker David Lopez answers the question: Why would a physican want to buy a practice. He responds with 2 reasons for wanting to buyer : Financial motivation and lifestyle concerns. http://transitionconsultants.com
Fred Joyal from 1-800 Dentist on Dental Marketing. http://transitionconsultants.com/practices-for-sale/dental-practices Our Dental Practice Brokers at The Harbor Dental Society's Dental Continuing Education. Danosongs.com
http://transitionconsultants.com Selling a medical pediatrics clinic in Southern California. Very robust gross and net earnings. Annual net to solo doctor owner is 300k and gross annual collections is above 700k. The clincial focus is primarily on genearl pediatrics, also offering some pediatric respiratory therapy. This is a great practice for a doctor who does not want extensive call coverage and inpatient work. There is a great work-life balance afforded to the incoming buyer. Seller will help buyer with the handover transition. Video song credit: Danosongs.com
http://transitionconsultants.com/practices-for-sale/dental-practices Transition Consultants is a California dental practice brokerage, appraisal, and financing firm. We provide provides transaction advisory and dental practice valuation services to dentists and dental groups. Please contact us at 800-416-2055.
http://optometryloans.com Optometry loan refinance. Improve the cashflow of your practice by refinancing a multitude of items including lines of credit, practice acquisition loan, startup loan, equipment and buildout. Consolidate practice debt and bills into one low monthly payment. Finance a fixed or variable rate loan to a lower fixed rate. Finance new optometric lanes, equipment, inventory, and practice expansion. Loan terms from 5 to 25 years with competitive rates and payment options. Video: Audio by DanoSongs.
http://transitionconsultants.com/sell-a-practice Selling ophthalmology practice and surgery center in Florida. Gross collections of ~$780,000 annually. Payor mix is mostly Medicare (80%) with smaller proportion of PPO (18%) and Cash (2%). Approximately ? 4,000 patient visits over the last 12 months. Referring sources include other Physicians, Patients, Directories, HMO & PPO Panels. Current number of providers includes 1 Ophthalmologist, 2 nurses, 2 Front Office staff, 1 part-time Ophthalmic Tech, and 1 part-time scrub tech. Solo ophthalmology practice mainly serving adult and elderly patients. High percentage are followed for glaucoma-related conditions. Services provided include office consultations, Cataract, Glaucoma, SLT, and Oculoplastics. The ambulatory surgery center included in the practice is licensed by the State of Florida, and accredited by AAAHC and Medicare. Extended transition assistance available to new physician buyer. Ophthalmology practice appraisal is also available.
http://medicalpracticeappraisal.org Medical Practice Appraisers provides independent valuation guidance for healthcare practice owners and their advisors. Our firm consists of business appraisers and valuation analysts who apply knowledge and expertise to assess entities for a variety of purposes including: Practice Sales, Partnership and Associate buy-ins/buy-outs, Mergers and Acquisitions, Financing and Expansion, Performance Evaluation, and Planning for tax, estate, and divorce, purposes. We apply appropriate methods and approaches and utilize direct market data to reach justifiable conclusions. Rely on a comprehensive report which is tailored to meet the need of the specific healthcare practice valuation engagement. Film info: Pictures copywritten Music by DanoSongs.
