Challenges of Private Practice Economics: Strategies to Expand Your Practice (2023 AMW)
2023 AAO-HNSF Annual Meeting & OTO Experience
Private practice otolaryngologists face growing economic challenges. This program will provide attendees with a comprehensive discussion of strategies to expand their practices. Panelists will review ways that partnerships can assess their need for expansion and how they can determine whether a corporate partner is necessary for their goals. Strategies to assess important considerations in the process will be reviewed including determining a group’s goals and deciding which type of corporate partner best accomplishes these. The panel will review important considerations in exploring a corporate partnership including buy/sell considerations, degree of corporate involvement in operations, and financial considerations. Approaches for insulating a practice group from corporate control provisions will be reviewed. A consultant with extensive experience with guiding private practice groups navigate these considerations will discuss these issues. The other panelists are in leadership positions in large group practices and will discuss their experiences with practice merger and expansion.
Credits
CME:1.0, MOC:1.0