Years to partnership

Question: In recruiting new doctor to our physician group medical practice, how many years before they should be eligible for partnership in the practice.  Thanks!!

Answer: My recommendation is 3 years with a small buy-in after the three year period. It usually takes three years to get a financial return on this big investment. Most new doctors today are looking for smaller buy-ins – it's becoming a major recruiting issue in a lot of service areas and for a lot of specialties. Extending the employment period to three years before being eligible for ownership I think warrants a smaller buy-in.

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About Reed Tinsley, CPA

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Reed Tinsley, CPA