Many doctors nearing retirement or transition begin to question how impactful they will continue to be at the end of their careers. This Barron’s article gives a great example of continuing to influence for good, long after you have stopped looking after the health of your patients. Build a retirement that reflects who you are.
Healthcare consolidation is an inevitable consequence of the current medical environment. As a doctor, it is essential to know the value of your practice and how to position that value when considering the merger or sale of your practice. We advise our clients, at a minimum, to consider the following items in a merger: Does the level of care of the group you are considering match your level of care for your patients? What are the future plans of the group? Growth or sale?, What is the management structure of the group? What benefits does the group bring for the individual practitioner? Are there considerations for group ownership in profit centers such as surgery centers or real estate? Yes, while the medical industry is trending towards consolidation, always take a thoughtful approach with the right advisors.