Buying A Medical Practice Questions To | Ask

High turnover can signal cultural or management problems that may follow the sale.

Before reviewing financial statements, understand the seller’s motivations and their future role in the business.

Ensure all referral patterns and financial relationships with other providers are legal. buying a medical practice questions to ask

Analyze current physician compensation models to see if they are sustainable or need post-sale adjustments. ⚙️ Operational & HR Questions

Ask if equipment is under warranty and if EMR/billing systems are outdated. High turnover can signal cultural or management problems

Ask if they have ever had a third-party HIPAA audit and if business associate agreements (BAAs) are up to date.

A medical practice is only as strong as its staff and underlying systems. buying a medical practice questions to ask

Healthcare is heavily regulated; missed red flags here can lead to severe penalties.