Compensation is a large component to the success of Large Practices. Regardless of specialty, provider productivity and individual analytics are important in determining where revenue is coming from. By segmenting revenue by provider, by location, by demographic, and by payer, practices understand better how to build optimization strategies.
Succession planning is a big driver of Large Practices, and coordinating continuation of services (new and established) based on needs is paramount to the health and wealth of the practice. Practice Valuation exercises also assist in providing non-biased, non-sentimental value to the practice, to help determine if selling the practice is an option. We provide a comprehensive look at valuation of the practice, and present our findings in a manner that will explain the components of the valuation.