Home Authors Posts by Nick Hernandez, MBA, FACHE
Nick Hernandez, MBA, FACHE
Many physician owners spend months of time and effort closing merger transactions but they stumble when it comes to post-merger integration.
Practice valuation can make or break a business sale because for many physicians, attaching a dollar value to their practice is a touchy subject.
Nine common reasons for failed group practice mergers and what you can do to avoid them and ensure your merger's success.
Understanding your medical practice competition is a crucial business activity for any physician owner. Here are some ways to approach it .
Physician group mergers must be considered as a means to fulfill far greater strategic outcomes rather than mere ends in themselves.
Figuring out the best growth options for your practice requires that you systematically evaluate all of your potential options for growth.
Medical practices merge to lower costs & increase capacity, but diversification, survival during tough times, and competitive advantage play a role as well.
Medical practices that consistently apply a disciplined approach to strategic planning are better prepared to evolve as local markets change and industry undergoes reform.
Succession planning is one of the most important decisions a physician will face, yet many neglect to plan their exit until they're ready to retire.
It is imperative that all physician owners have a shared vision and that all staff members are aware of the desired future direction of the practice.
Forming a joint venture with another healthcare organization may be seen as a plausible solution. The success of a joint venture though highly depends on thorough research and analysis of the objectives. Here are some pros and cons of joint ventures for medical practices.
The decision to merge should be fully vetted before physician groups decide to go ahead given the risks and the average performance of returns.