Practice Management

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  • 1.  Buying into the practice

    Posted 08-02-2018 09:20
    How does your group handle buy-in and buy-out of the practice? Historically, we have used a complex formula that takes into account what the assets are as well as an AR valuation.  The buy-in and buy-out calculation are identical. That has worked well for decades but the newer generation of radiologists are asking for a more simple and lower cost method to buy in.  They also don't like the cost of buying someone out.
    Are there any general methods that I should consider?

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    Sharon Iverson
    Executive Director
    Radiology and Nuclear Medicine
    Topeka KS
    (785) 234-2306 ext 358
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  • 2.  RE: Buying into the practice

    Posted 08-02-2018 09:43
    Sharon,
    We simplified ours several years ago.  We had a complicated formula and, depending on the time of year, the value would vary a great deal.  Our shareholders voted to make the buy in and buy out a flat amount and they have not voted to change it since.  We do not have imaging centers so the buy in is rather low.  We also do not have the physicians buy into a/r and they don't get a buyout of a/r either.

    We used to have a non-qualified deferred compensation plan which served in come capacity as an additional buyout, but we froze that several years ago because we feared it would become unsustainable.   
     
     
    Sheila S. Witous
    Chief Administrative Officer
    Radiology, Inc.
    P.O. Box 1258
    South Bend, IN 46624
    (574)258-1100 ext. 205

    PRIVILEGED AND CONFIDENTIAL: This document and the information contained herein are confidential and protected from disclosure pursuant to Federal law. This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately.




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  • 3.  RE: Buying into the practice

    Posted 08-02-2018 09:52

    Our company is essentially split in 3.

    Land

    Imaging Center

    Professional Business

     

    Land and Imaging Centers – Assets minus liabilities

    Pro Business – no buy in

     

     

    DENNIS WISEMAN

    Chief Executive Officer

    Radiology & Imaging of South Texas

    3226 S. Alameda Street

    Corpus Christi, TX 78404

    (O) 361-500-6324

    (O) 361-888-6684 ext. 2046

    (F) 361-888-6686

    (C) 786-223-2671

     

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    "PRIVILEGED AND CONFIDENTIAL:  This document and the information contained herein are confidential and protected from disclosure pursuant to federal law.  This message is intended only for the use of the Addressee(s) and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, you are hereby notified that the use, dissemination, or copying of this information is strictly prohibited.  If you have received this communication in error, please erase all copies of the message and its attachments and notify the sender immediately."

     




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