What you need to know about practice valuation

Description

Abstract: In these uncertain economic times, many medical practices are closing. To survive, others are considering buying a practice, merging with another practice — or possibly selling. The first step in any of these scenarios is to establish estimated value. This article explains the importance of using a professional, accredited appraiser to conduct a practice valuation, and discusses the items the practice will need to provide to the appraiser and the possible valuation methods that may be used. A sidebar notes the importance of ensuring compliance with relevant rules and laws before engaging in any transaction.