Succession planning and the physician practice: is your practice prepared?
Managing the day-to-day operational issues of a medical practice can consume the focus of practice management, while planning for future events such as physician retirement or end-of-career decisions typically earn a lower ranking. Succession planning can play a crucial role in equipping both the individual physician, as well as the group practice, with a successful physician practice environment for the future. In this article, we will explore four key reasons physician practices need to have an effective succession plan in place.
Deeson
Jon-David
JD
Pershing Yoakley & Associates, One Perkins Place, 525 Portland Street, Knoxville, TN 37919, USA. jddeeson@pyapc.com
D006123:Group Practice / Q000458:organization & administration*; D006801:Humans; D007857:Leadership; D010563:Personnel Turnover; D010934:Planning Techniques; D011216:Practice Management, Medical; D012179:Retirement; D014481:United States