Valuation of a Medical Practice - Tinsley, Reed; Anderson, Gregory D.; Sides, Rhonda
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What is a medical practice worth? The answer depends, in part, onwhom you ask. Purchasers would say value is based on what they planto bring to the table; sellers assume it's simply a matter offormula applied uniformly across the board. In actuality, both arecorrect--to a degree. While there are basic guidelines used toascertain values, valuation must be determined on a case-by-casebasis, as each has a unique set of circumstances that ultimatelyaffects final outcome. Covering the specific issues that impactvaluation, Valuation of a Medical Practice takes you through theentire process,…mehr

Produktbeschreibung
What is a medical practice worth? The answer depends, in part, onwhom you ask. Purchasers would say value is based on what they planto bring to the table; sellers assume it's simply a matter offormula applied uniformly across the board. In actuality, both arecorrect--to a degree. While there are basic guidelines used toascertain values, valuation must be determined on a case-by-casebasis, as each has a unique set of circumstances that ultimatelyaffects final outcome. Covering the specific issues that impactvaluation, Valuation of a Medical Practice takes you through theentire process, highlighting pitfalls and mistakes that arecommonly made and that should be avoided. Written by Reed Tinsley,Rhonda Sides, and Gregory D. Anderson, leading experts in thefield, this comprehensive resource clears up the ambiguous questionof what exactly constitutes the value of a medical practice. As theauthors stress, there are two main points to keep in mind:
* The strength of the practice's income stream and what it producesfor the owner(s) is what creates true value.
* The key to a successful valuation is deciding whether or not thepractice's future income stream will mirror its present incomestream.

Along with case examples, sample valuation letters, and checklistsfor gathering data, as well as an exhaustive appendix and glossaryof terms, Valuation of a Medical Practice has complete details on:
* Regulatory issues--Medicare fraud and abuse, privatebenefit/private inurement, the Stark Law.
* Special issues--gross revenues, referral patterns, payer mix,practice efficiencies and transition, productivity.
* Getting started--engagement preplanning and planning, requestingpertinent data.
* On-site inspection and owner interview--fixed assets, personnel,accounting system, supply inventory, marketing, physician andmanagement issues.
* Completing the process--reporting, reviews, reconciling valuationmethods, applying premiums and discounts, obtaining clientrepresentations.

Straightforward, accessible, and exhaustive, this is an importantresource for anyone involved in the valuation of a medicalpractice. When it comes to valuing a medical practice, the partiesinvolved often disagree on how it should be best assessed. Writtenby leading authorities in the field, this comprehensive resourceclears up any confusion by examining and explaining the key issuesinvolved in the valuation process, as well as common pitfalls andmistakes that should be avoided. Packed with sample valuationengagement letters, checklists for gathering data, and helpful casestudies, Valuation of a Medical Practice covers all the essentialbases, from regulatory issues and operating costs to capitalizationand fixed assets--in short, everything needed for an accuratevaluation.
  • Produktdetails
  • Verlag: John Wiley & Sons
  • Seitenzahl: 292
  • Erscheinungstermin: 14. April 1999
  • Englisch
  • Abmessung: 235mm x 157mm x 21mm
  • Gewicht: 604g
  • ISBN-13: 9780471299653
  • ISBN-10: 0471299650
  • Artikelnr.: 22122170
Autorenporträt
REED TINSLEY, CPA, serves as shareholder in charge of Horne CPAGroup's Houston office and is instrumental in the firm's PhysicianServices Division. A member of the Editorial Advisory Board forPhysician's Marketing and Management and editor of the CPA HealthNiche Advisor, he is also cochair of the CPA section of the IPAAssociation of America.

RHONDA SIDES, CPA, is the Senior Manager of Horne CPA Group inNashville, Tennessee. She specializes in practice valuation, costaccounting, operational assessments, and financial feasibilityissues related to group and integrated delivery system development.A member of the Georgia and Tennessee Societies of CPAs, theAmerican Institute of CPAs, and the Healthcare Financial ManagementAssociation, she is also a candidate member of the American Societyof Appraisers.

GREGORY D. ANDERSON, CPA, CVA, a shareholder in the Horne CPAGroup's Hattiesburg office, is a member of both the firm'sPhysician Services Division and the firm's BusinessValuation/Litigation Support Division. He has presented programs onmedical practice valuation topics to organizations of physicians,health care managers, and attorneys, and has served on theValuation Quality Control Committee of the American MedicalAdvisory Group and on the Editorial Board of Healthbeat, the firm'sphysician services publication.
Inhaltsangabe
Introduction 1

Chapter 1 Regulatory Issues and the Valuation Process 17

Chapter 2 Special Issues Pertaining to the Valuation Process 23

Chapter 3 Beginning the Valuation Process 57

Chapter 4 The Capitalization Rate 87

Chapter 5 Valuation Methods 105

Chapter 6 On-Site Inspection/Owner Interview 145

Chapter 7 Completing the Valuation Process 165

Chapter 8 Sample Reports 189

Appendices 239

Glossary 269

Index 273