Healthcare businesses are a hot commodity in the market today. A buyer may even be interested in your healthcare practice right now. Whether or not you’ve gone down the road of selling your practice before, the process can be stressful and time consuming. A lot of the time and stress centers around one aspect of…
Selling a medical practice can be a lucrative endeavor. One of the most important phases of any sale transaction is the due diligence process. During this phase, a potential buyer and their advisors have the opportunity to examine the seller’s books, records and files in great detail to ensure that the buyer is comfortable purchasing…
Starting your own rheumatology practice is daunting, and it’s easy to focus on the medical side and neglect the business side of a practice. Here are five important considerations that could help a new practice thrive…
Computerization of healthcare in general, and medical records in particular, has opened additional areas of liability for medical practices that many may not be addressing. A data breach of patient records can have major financial and business impacts on the practice when they occur. Data Intrusions Increasing The number of data intrusions hit a record…
When deciding where to locate a rheumatology practice, you need to do your homework. There are many factors to ponder, including accessibility, population demographics, competition, need, costs and whether a building meets your needs. First and foremost, it’s important that patients can easily get to and find your practice. Randy Eigen, first vice president, CBRE…
Tips on getting started and developing a marketing action plan to attract, retain patients
Money received from industry by physicians who can influence medical practice by their research, opinions, or roles in decision-making bodies should be clearly and fully disclosed
With today’s challenging economy, the need to market is vital for every medical practice—new or established, small or large
Tips for expanding, or contracting, your rheumatology medical practice