Estimating the value of group medical practices: a primer.
Estimating the value of a group medical practice can be a difficult task for a healthcare financial manager. There are three generally accepted approaches to estimating value, however, that a financial manager can take: the income approach, the cost approach, and the market approach. Whichever approach or combination of approaches is chosen, a financial manager must thoroughly understand the subjective nature of value and how it relates to the objective task of performing such an estimation.
Baumann
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Valuation Research Corp., Milwaukee, WI.
Oxaal
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D000066:Accounting; D003625:Data Collection; D003659:Decision Making, Organizational; D005375:Financial Audit / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D006123:Group Practice / Q000191:economics* / Q000706:statistics & numerical data; D006759:Hospital-Physician Joint Ventures / Q000191:economics*; D009939:Organizations, Nonprofit; D011216:Practice Management, Medical / Q000191:economics*; D014481:United States