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Acquiring US Practices

Discussion in 'USA' started by htran, Apr 6, 2010.

  1. htran

    htran Welcome New Poster


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    I am an investor evaluating opportunities in Podiatry. I am currently interested in acquiring podiatric practices in the U.S., primarily in the Mid-atlantic or Southeast regions, and wanted to solicit this forum for some advice:

    1) What are good resources for finding these opportunities? In particular, I am looking for practices whereby the DPM would want to stay on for some time (3-5yrs) to help continue to grow the business and be rewarded for it.
    2) For those who have multi-site practices, what are the areas of synergies when expanding beyond the first practice?
    3) What should I expect in terms of the average net billings/collections for a single DPM practice and what should I expect in terms of pre-tax profit?
    4) What does the current reimbursement environment look like and does it change under the new Health Care Reform legislation?

    Any help would be very much appreciate...

    Thanks

    HT
     
  2. drsarbes

    drsarbes Well-Known Member

    "What does the current reimbursement environment look like and does it change under the new Health Care Reform legislation?"


    Now that's funny!
    The entire health insurance business will be unrecognizable by 2015 relative to what it is today.
    For anyone trying to make a business model for medical clinics during the coming 5 years......good luck.

    It could be bankrupt, the new law could be repealed, and anything in between is possible.

    Steve
     
  3. StevieY19

    StevieY19 Welcome New Poster

    To the OP: In the US, Podiatrists are very heavily skewed toward extreme conservatives. There is NOTHING in the healthcare reform that has to do with government takeovers. The reform is about giving patients back there rights against the heavy handed insurers-so hopefully it will indeed be unrecognizable! You can read the reform bill online. Dont let the right wing wackos scare you. It has nothing to do with podiatry or takeovers.:bang:
    Having said that, there are practices for sale all the time and now is a good time to buy. BTW-There are at least two companies that i can think of that already buy podiatry practices and try to run them by putting some sort of DPM-independent contractor thing in place. So you have some competition. A relatively busy practice for one doc might bring in 300-700k per year. Some docs see 20 patients/day, some see 40, and some bill well and some dont. Look at podiatrymanagement.com or the Ohio College of Podiatric Medicine website for practices for sale. The biggest one is http://www.podiatryexchange.org/classifieds/practicesale.htm
    On that site you will see some listings by "Medical Mavin", who is a company that buys, sells, and runs practices- I think that is what you are contemplating.
     
  4. drsarbes

    drsarbes Well-Known Member

    "In the US, Podiatrists are very heavily skewed toward extreme conservatives. There is NOTHING in the healthcare reform that has to do with government takeovers. The reform is about giving patients back there rights against the heavy handed insurers-so hopefully it will indeed be unrecognizable! You can read the reform bill online. Dont let the right wing wackos scare you. It has nothing to do with podiatry or takeovers"

    Dear Steve: I tried to see on the MAP what planet you are from...it is Earth, is it not?

    "the reform is about giving patients back their rights" - wow.....what reform bill have you read?

    The entire bill is about Government "takeover" - government run, government oversight, government funded (via taxes) - government regulated, government quality control, government treatment decisions, government reimbursement control........on and on and on. Not to mention all the NON HEALTHCARE items in the bill.

    PLEASE - don't tell anyone that things are not what they appear to be by using name calling as your argument.

    I resent being called an EXTREME RIGHT WING WACCO. I am a law abiding American citizen who has been paying every red cent of taxes I was legally required to pay for 4 decades. I have never been on a Government payroll nor have I ever received one penny from any Government agency for anything I could not pay myself. If your definition of a "right wing wacco" is someone who likes a certain amount of control over important aspects of his personal life, then perhaps you need a new term, how about "American".

    I, like anyone here, has a right to their opinion. If you need to call someone a name in order to get your point across then please, do it on posts that I am not participating in.

    Steve
     
    Last edited: Apr 12, 2010
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