Preparing to sell a medical practice: 3 key steps

Description

Abstract: Whether a physician is considering selling his or her medical practice or has already made a firm decision to do so, three key preparation steps can help ensure a successful outcome. This article describes how to benchmark practice performance, review physician-owner payments and expenses, and prepare strategic and financial plans. As a sidebar explains, it’s also possible to consider a traditional SWOT (strengths, weaknesses, opportunities, threats) analysis of the practice’s operating environment.