With more and more smaller practices merging with hospitals, we know that this has become a hot topic among medical practices. We know that often practice owners don’t know about the other options that they have laid out in front of them. For example:
- What about creating a smaller group of established physicians who are willing to split medical space and expenses? Though you won’t be the sole party responsible for the practice anymore, you will have more control than if you were to sell to a hospital.
- Try converting to a hybrid concierge practice. This way you have hybrid practice and still accept insurance for other procedures that you perform.
- Take the buyout from a larger, multi-location practice.
Although the options are endless, the solution is about finding out that works best for you.
To learn more, check out this piece from Jay Shorr, our founder and managing partner, in his article in FHI Weekly as he explains the various ways you can keep your practice out the hospitals hands. Click here to read more now. You can thank us later.
Looking for your exit strategy? Want to know how to strengthen your medical practice to stand tall on its own?