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“Assessing a Practice’s Financial Condition” provides a survey of financial concepts important in the evaluation of the financial condition of a medical practice. It provides an introduction to methods of analysis and key financial information generated from the following practice documents:
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One of the things you’re probably looking forward to as you complete your medical training is a decent paycheck. It’s easy to think that your money worries will be over and that you’ll always have enough to do everything you want to do.
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If you’re like most new physicians just starting their careers, you’re probably feeling acutely aware that your medical training is not adequate preparation for your entry into the business side of medicine.
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The current state of the healthcare industry has created an extremely dynamic and sometimes unpredictable marketplace for private practices across the U.S. If you’re considering buying into this volatile market you’ll need to be rigorous in assessing the true and transferable value of any practice you’re analyzing for potential purchase.
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The biggest career decision you will make following your medical training and medical career management will likely be joining a medical practice. A practice is a small business and you will be entering the business of medicine. Very likely you will have business partners in this enterprise.
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Introduction
While many important non-financial considerations contribute to a decision regarding a practice opportunity, this component of the Tool Kit will focus on key financial concepts.
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The biggest career decision you will make following your medical training may be joining a practice. A medical practice is a small business and you will be entering into the business of medicine. Very likely, you will have business partners in this enterprise.
Read more…
The biggest medical career decision you will make following your medical training will likely be joining a medical practice. A practice is a small business and you will be entering the business of medicine. Very likely you will have business partners in this enterprise.
Read more…
As a trained medical specialist you know that seeking professional help with critical health needs is always advisable. So, when planning for your near and long-term personal and professional financial health, you should also seriously consider seeking the advice of a trained professional – a chartered financial planner.
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