Physicians who are considering being part of a merger should weigh their risks and take steps to reduce potential legal hurdles. This is usually done before entering the merger due diligence process. Retain experienced advisers. Doctors should confer with legal counsel and merger-experienced … [Read more...]
Why Income May Drop if You Sell to Hospital
Recent reports from the MGMA (Medical Group Management Association) show that hospital- owned practices are 25% less productive than those that are privately owned. Our experience as medical practice consultants confirms these findings. In some cases, previously-profitable practices start to see a … [Read more...]
Physicians Swap Traditional Practices For New Models
According to a recent article in the Kaiser Health News, physicians who are currently practicing independently are looking to innovative practice models in order to either maintain or increase their income. The article specifically discusses physicians switching to a "subscription based … [Read more...]
Should administration be a part of the physician practice merger committee?
Sometimes the question is raised: “Should the administrators or office managers serve on the merger committee or merger team?” My experience shows that it is not advisable to place them on either team, although they will play critical roles throughout the process. Merging groups tend to … [Read more...]
Dear Physician-Do your due diligence if considering selling to a hospital
Here is an article from the recent electronic version of Medical Economics that was produced from a persentation I gave at the annual meeting of the National Society of Certified Healthcare Business Consultants (www.nschbc.org) in Las … [Read more...]