Articles Written By Our Practice Brokers

A significant human resource management problem is the recruitment and retention of physicians in rural areas. Physician recruitment has been a long-term challenge for a variety of rural health organizations. This includes private physician practices, community health centers, clinics, hospitals, and other health care organizations.

Many new graduates completing residencies and fellowships seek guidance on how to start a medical practice or buy a practice. Prior to program completion it is advisable for prospects interested in medical practice ownership to extensively research and evaluate all available practice options regardless of their first inclination.  After further research some doctors simply discover that medical practice ownership is not their ultimate desire and they may prefer to

Practices provide a varying mix of services depending on the markets in which they are located as well as the practice style and preference of practicing physicians. Patient demand is also a major driver that dictates these services.

Why plan a transition earlier than later?

The decision to sell a medical practice usually is based on a number of factors.  Retirement and lifestyle issues are common considerations but unfortunately, distress sales situations driven by death or disability are becoming more commonplace.  We always stress the importance of planning early and developing an ongoing list of financial, lifestyle, and other objectives to evalute as you go along.

The decision to start-up an optometry practice can be fraught with many concerns. Drafting a "master plan" to account for the various aspects of the project can be helpful when taking an organized approach to the endeavor. Optometry school instruction does not typically cover enough of the business aspects of running a practice to assist in this matter.