Medicine & Business

If you are going to borrow, what precautions should you take?

The careful consideration of an adjustment reflecting a DLOM in the valuation of a health care enterprise is especially important in light of significant regulatory restrictions on the transfer of closely held interests which are unique to health care.

Taking a fresh look at the basics of billing and collections is the first step in re-acquainting yourself with financial formulas that indicate how a practice is performing.

Confusion results from the need of hospitals and health systems to meet technical and legal requirements to be classified a non-profit, charitable entity.

As the pie shrinks or stays the same, it becomes more important to implement a fair and reasonable net income division formula. While most practices can accomplish that, others cannot, which can lead to practice split-ups, partners leaving and buy-in deals not coming to fruition.

The valuation process involves making assumptions about an entity’s financial future which are of necessity different from its financial past. Thus, a rigorous analysis of those assumptions is requisite to a thorough understanding of the reliability of the conclusion of value.

Congratulations! Your colleagues have now finished “kicking the tires” on you for several years and are prepared to let you “join the club.” Now what?

Modifiers are an essential part of coding and can not only cause delays and denials in reimbursement, but can also be considered abuse by some carriers. It is imperative that these modifiers are understood and correctly appended to the service and procedure codes.

Compensation and a desirable work schedule are typically discussed in great detail during recruitment. But a practice’s ability to clearly assess cultural fit and family needs is becoming even more important in determining if a physician will stay beyond those critical first three years with the practice.

Let’s explore what influences the answer to this question so that the next time your partner, a prospective partner, a prospective buyer, the IRS, or a disgruntled spouse asks the question, you’ll be better able to respond.