Purchasing a practice is one way in which nurse practitioners and other clinicians will start a practice. However, unless you approach it with eyes wide open and the appropriate professionals at your side, you may find it was not the wisest of choices for you.
In episode #82 of the NP Business Matters podcast, I discuss 12+ key considerations worth paying attention to when you are considering purchasing a practice that is for sale, as well as what to consider when are asked to take over or inherit a practice.
Some of the things mentioned in the podcast include:
- Financial assessment
- Legal Considerations
- Employees
- Practice valuation
- Payer mix
- Compliance
- and so much more.
To make it easy, I’ve included a checklist you can download with these 12 items. You simply need to fill out your name and email address, and the resources will be sent to your email.
Topic Resources
More Resources
- Catch up on all the NP Business Matters podcasts here.
- Check out the Nurse Practitioners in Business Facebook Group
- Become a Member of the NPBO™
- Ready to start your own practice?
Connect with the Podcast
You can find the NP Business Matters Podcast on popular podcasting platforms:
- Apple Podcast
- Stitcher
- Spotify
- Google Podcast
- iHeartRadio
- Amazon Music/Audible
- Pandora
- And others. You’ll also find us in your favorite podcast player.
As always, please subscribe, leave a rating, and share with your colleagues.
If you have requests for topics and/or guests, you can leave us a comment below, or anonymously fill out this form.
Your Turn
Did you purchase a practice? What was your experience? What caveats would you share with your colleagues?