Blog Articles

American Academy of Pediatrics AAP

Come meet us at the The American Academy of Pediatrics, California Chapter 2 annual meeting in Las Vegas.  We will be showcasing a number of current and upcoming pediatric practice for sale opportunities. Advances in Pediatrics is an annual event which provides physicians the flexibility to attend a top-rated educational sessions, while having the afternoon to enjoy all the excitement Las Vegas has to offer.

Located at the Caesars Palace Hotel Las Vegas, the 2013 Advances in Pediatrics meeting will take place in the beautiful ballrooms of the Caesars Palace Conference Center. 

Retirement Planning for Doctors

Transition Consultant's associate, Chris Majdi, will be speaking as part of panel discussion at the Orange County Medical Association on Retirement Planning for Physicians, entitled The ABC's of Retirement Preparation. Event details and RSVP information are below.

Selling a Medical Practice on Your Own Terms

Selling On Your Own Terms: The Condition of Your Practice

Selling on your own terms hinges on two decisive issues: your timeframe and the condition of your practice. We cannot stress enough the importance of advanced planning for a medical practice transaction. Previously we had written about implementing your exit strategy within a 2-year period. Proper exit planning and financial preparation are critical for a smooth transition. A good timeline allows the seller to maintain control of the process while being flexible under unforeseen circumstances.

Accountable Care Organizations ACOs

U.S. Health and Human Services (HHS) recently announced that 106 new accountable care organizations (ACOs) have been formed to serve up to 4 million Medicare beneficiaries. Half of the ACOs are physician-led and about 20% serve rural and low-income communities. Fifteen new ACOs will participate in the Advanced Payment Model, bringing the total to 35 ACOs under this program. Medicare beneficiaries will continue to have the freedom to select their doctors, whether inside or outside the ACOs. Choosing doctors within the ACO will allow for better coordinated care and reduced utilization. According to HHS, ACO provisions are beginning to slow down the Medicare spending growth rate.

SOLD - Three Completed Transactions

Transition Consultants recently sold three excellent practices. One was a family medical practice located in Orange County, California grossing over $720,000. It is situated in a freestanding office building with 5 exam rooms, 2 MD offices and a lab room. We also sold a profitable optometry practice in desirable Palm Beach County, Florida. With a good mix of dispensing and professional services, the practice collects over $900,000 annually. Sales included all assets, patient files, goodwill, experienced staff & transition assistance. Lastly, our optometry practice sales group completed the sale of a practice in North Carolina. We have more high-quality opportunities available. Visit our website at https://transitionconsultants.com and call us at 800-416-2055 for more information.

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Most doctors looking to buy or sell their practice can’t find the time to figure out the complicated steps involved. At Transition Consultants, we’ve created a process that makes the transition painless so they can move into their next season and start living life on their own terms.

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