Introduction - There are a few critical times in the life of any medical practice when it is vital to know the market value of your practice as a going business concern. These valuations are vital when bringing in new partners, discussing the acquisition or merger with another practice, preparing for retirement … or in the unfortunate instance of divorce. In general it is quite difficult to measure the true value of a “service business,” including the practice of medicine. This course is ideal for physicians, surgeons and their financial advisors to get a full and better understanding of the complex elements going into the valuation of a medical practice. You’ll learn when and how to proceed with formal valuations and what it takes to maximize the value of your practice.
This Practice Management Audiocast Presentation includes ...
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This Audiocast is of a recent Live Webconference presented by Economedix;
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Your registration fee covers the ability for you and your practice to view this presentation for one year along with various course handout materials;
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The ability for ACS Fellows and practice managers to e-mail follow-up questions to Economedix Practice Management Advisors for personalized responses;
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Co-Sponsors - The American College of Surgeons (ACS) and The Professional Association of Health Care Office Management (PAHCOM).
Course Objectives - Completion of this Practice Management Course will provide:
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A broad understanding of key elements in a formal “Market Valuation” of a practice;
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Knowledge of when it is vital to seek a formal and professional valuation;
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Processes to use valuations whenever changes in ownership of the medical or surgical practice contemplated;
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A roadmap to defining ways to maximize the value of a medical practice;
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Case studies highlighting critical elements of practice valuations.
Accreditation - The American College of Surgeons is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education to physicians.
Credits - The American College of Surgeons designates this educational activity for a maximum of 1.5 category 1 credits toward the AMA Physician's Recognition Award. Each physician should claim only those credits that he/she actually spent in the educational activity. PAHCOM has pre-approved this educational activity for 1 CEU towards the PAHCOM CMM designation. To earn the credit, participants must complete the combination Evaluation / CME - CEU Form, that is included in the course materials, and FAX this form back within seven days following the date of the teleconference.
Faculty - The faculty for the course is Mr. Tom Loughrey, MBA, CCS-P. Mr. Loughrey is Chairman of Economedix and a noted practice management consultant to physicians, medical offices and medical societies. For over a decade, Mr. Loughrey has provided consulting services to the College as a part of the Consultant’s Corner at the annual ACS Clinical Congress and regularly is engaged by ACS to speak and teach at meetings and workshops throughout the country.
