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Understanding Modern Valuation Science
By Dr. David Edward Marcinko; MBA, CMP™
[Publisher-in-Chief]
Much has been written, and much has been said about the goals, objectives, reasons, techniques and methodology of professional medical practice appraisals online at the Executive-Post.
In fact, the material on medical valuations and practice worth appraisals is consistently one of our most frequently viewed topics with its own separate category of posts.
But, with several thousand unique daily viewers searching this topic alone, and dozens of doctors and healthcare executives requesting additional information in the form of our white-papers, books, wiki’s, websites, blog-posts, emails, consulting and speaking engagements; its popularity is not surprising.
Of course, the most actionable information is presented in our premium institutional 1,200 pages, 2-volume print guide Healthcare Organizations [Financial Management Strategies] http://www.stpub.com/pubs/ho.htm
This quarterly subscription journal is modestly priced at $525/year and contains more than 200 pages devoted to many sub-topics of this fluctuating and important practice management and financial planning endeavor. And, increasingly such detailed material is needed in the changing healthcare economics milieu http://www.stpub.com/pdfs/toc_ho.pdf
And so, as a requested overview of how to determine medical practice economic interests, this checklist is an indispensable tool when pro-actively contemplating – or retro-actively reviewing – any medical practice appraisal engagement or practice worth analysis https://healthcarefinancials.wordpress.com/category/practice-worth
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How to Determine the Medical Practice Interest to be Valued?
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Yes |
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No |
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What kind of medical practice business interest does the doctor own? |
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Regular C or PC corporation? |
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b. |
S corporation? |
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Limited liability company? |
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d. |
Partnership interest? |
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i. General partnership? |
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ii. Limited partnership? |
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e. |
Sole proprietorship? |
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What state governs the corporation, limited liability company, or partnership? |
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What kind of ownership interest in the medical practice business does the |
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doctor have? |
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Voting common stock? |
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Non-voting common stock? |
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Preferred stock? |
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d. |
Partnership? |
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i. General partnership? |
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ii. Limited partnership? |
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e. |
LLC |
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i. Managing member |
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ii. Non-managing member |
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Are these interests controlling interests or minority interests? |
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What level of control? |
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i. Actual |
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ii. Operational |
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iii. Liquidating control |
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What size minority interest? |
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i. Could the minority interest be considered a swing vote? |
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Is the doctor a “Key Person”? |
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Conclusion
Remember, this is only the minimum data for analysis. And, although there are many reasons to have your medical practice appraised, and three major types of valuation engagements to obtain, the end result matters little if it is not read and understood within the context of its’ enterprise-wide applications. Therefore, your thoughts, opinions and experiences are appreciated?
Related Information Sources:
Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759
Physician Financial Planning: http://www.jbpub.com/catalog/0763745790
Medical Risk Management: http://www.jbpub.com/catalog/9780763733421
Healthcare Organizations: www.HealthcareFinancials.com
Health Administration Terms: www.HealthDictionarySeries.com
Physician Advisors: www.CertifiedMedicalPlanner.com
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com or Bio: http://www.stpub.com/pubs/authors/MARCINKO.htm
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Filed under: Practice Worth |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
For more medical office administration checklists; try out this link:
https://healthcarefinancials.wordpress.com/?page_id=21352&preview=true
Ann Miller RN, MHA
[Executive-Director].
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