Founding Partner Shorr Solutions Coral Springs, Florida
Opening a new practice can be an exciting process. But what are the pros and cons of building a new practice from the ground up vs. purchasing an existing one? In this session, attendees will learn how to decide whether building a practice from scratch or purchasing an existing one is the right option for them, how to judge when it’s time to venture out on their own, how to determine if a practice is worth buying, how to decide when it’s time to walk away from a deal and what credentials they need to build their own empires.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Employ due diligence when buying an existing practice including performing a practice valuation.
Create a plan to ensure patients stay after the practice is purchased.
Assess whether to keep the existing team or hire new team members.
Examine the operational processes (onboarding of patients, organization of medical records, billing, etc.) and understand when it is time to walk away from a deal.
