Practice Vital Signs

Evaluating key practice vital signs helps us determine if a practice is performing as well as advertised to ensure there is no deception. Don’t be led astray by misleading information that could end up costing you thousands of dollars.

One way we do this is by verifying the number of actual active patients and ensuring that new patient intake numbers are accurate. Both metrics are important and allow us to get a bigger picture of what direction the practice is heading in. Knowing exactly what the client base looks like will help us determine an appropriate value for the business.

Reviewing practice vital signs also shows us which areas of the business have room for improvement. The seller’s business plan and profit statements help us determine if proper steps towards growth were being taken.

We also take a look at patient retention strategies, pricing structures, and budgeting plans to give us an idea of what the practice’s vitals currently are and which weak spots we can improve.