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A medical practice is only as strong as its staff and underlying systems.
Buying a medical practice requires a rigorous due diligence process to protect your investment and ensure long-term clinical and financial success. 🏥 Strategic & Relationship Questions
Evaluate the practice's historical performance and what is actually included in the purchase price.
Analyze current physician compensation models to see if they are sustainable or need post-sale adjustments. ⚙️ Operational & HR Questions
Determine if it is for retirement, burnout, or a hidden issue with the local market or regulations.
Ask if equipment is under warranty and if EMR/billing systems are outdated.
Request a 10-year malpractice history and details on any current litigation.
High turnover can signal cultural or management problems that may follow the sale.