Questions To Ask: Buying A Medical Practice
Verify if staff will likely remain and what legal obligations you inherit.
Ask for the percentage of revenue from commercial insurance, Medicare, Medicaid, and self-pay.
💡 : Ensure any agreement includes an escrow account or holdback to cover potential post-sale "redos" or liability claims that surface after closing. buying a medical practice questions to ask
A medical practice is only as strong as its staff and underlying systems.
Ensure all referral patterns and financial relationships with other providers are legal. Verify if staff will likely remain and what
Negotiate non-compete and non-solicitation agreements to prevent the seller from opening a nearby rival practice.
Clarify if you are getting the real estate, accounts receivable, proprietary processes, and all on-site equipment. buying a medical practice questions to ask
Ask if equipment is under warranty and if EMR/billing systems are outdated.