Practical use of a medical practice appraisal
Whether you’re an associate doctor buying into a practice or a retiring doctor selling to a hospital, getting a handle on what a practice is worth can be complicated. Added to the complexity is a potentially arduous negotiation process, deal structuring, and financing. Knowing when and how to approach the appraisal process may not always be clear. Is a comprehensive formal appraisal report needed or can I accomplish the same goal with a letter form report? And what’s the difference? Setting a clear approach and expectation when seeking an appraisal will make the process easier. It will also allow you to chose the right appraiser and apply the valuation to a practical use.
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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