Understanding the business of physician practices.
Acquiring physician practices requires knowledge of the business of managing a group practice. Before establishing revenue expectations for the acquired practice, the purchaser should understand the nature of the product being sold, the change in cost behavior patterns brought about by the acquisition, components of physician compensation, and the accounting impact of writing off goodwill.
Nolan
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Nolan and Bober Associates, Inc., Somers, CT, USA.
Bober
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CR
D005376:Financial Management / Q000379:methods*; D006123:Group Practice / Q000191:economics / Q000458:organization & administration*; D009936:Organizational Innovation; D010067:Ownership / Q000191:economics; D010820:Physicians / Q000191:economics; D011216:Practice Management, Medical / Q000191:economics / Q000458:organization & administration*; D011682:Purchasing, Hospital; D012456:Salaries and Fringe Benefits; D014481:United States