Medical practice sales in a changing environment.
In reality, the present climate for the sale of your practice is probably not quite as good as reported in many practice management articles. That is, contrary to the accounts of some authors, relatively few practices receive net selling prices that equal or exceed one year's revenue. However, the future of practice transfer is not likely to be as dismal as suggested in the initial accounts of the new federal rules and tax codes. Physicians who are considering the purchase or sale of a medical practice must carefully plan the transaction and take care to avoid violation of any law. Health care is big business and the physician should be able to share in the financial rewards of the industry. The carefully executed transfer of a medical practice should produce monetary gains while permitting the physician to attain nonfinancial personal goals. It also will produce continuity of medical services for area residents.
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D006801:Humans; D011216:Practice Management, Medical / Q000191:economics*