What are the odds I’ll ever need an advisor for a practice valuation? Perhaps I can do the valuation myself, if the time comes.

As a physician, you may go through a practice valuation process only a few times in your career – some advisors are involved in valuations on regular basis.

A key task is to discern transferable value (corporate value) from non-transferable value (individual physician value) in a potential transaction.  More than any other area in the business of medical practice, this is probably not an area where you want to do it yourself simply because experience and knowledge can translate into tens to hundreds of thousands of dollars you may potentially gain or lose in a transaction.