Orthotown April 2020 - 66
Within 2 years before the sale
*
*
*
When preparing to list your practice for sale, hire a transition
consultant who will take the time to help determine the true value
of your practice.
The average practice sale takes nine to 12 months, but depending on
a number of factors, your practice might sell in two to three months.
Be prepared both financially and mentally.
Within a year before the sale
*
*
*
*
*
*
*
*
Clean up your patient credit balances in compliance with the
legal requirements.
Pay attention to renewal dates for inventory, advertising, etc.,
and avoid entering into agreements that cannot be terminated.
Review your work in progress, if you can, and do not start any
new large cases that cannot be completed before close, especially
if you will not be retained after the sale.
Try not to prepay any expenses to avoid accrual or cancellation
issues at closing.
Review accounts receivable to make sure that noncollectible accounts
are written off or adjusted. Remember, accounts receivable is typically
not included in the sale price, so you will need to arrange to collect.
Do not exhaust your inventory. Maintain a customary supply
(approximately 30 days) for the purchaser.
Do not reduce your schedule or take excessive time off, which
could affect your final sale price or bank loan underwriting.
Continue to schedule patients in the ordinary course.
60-90 days before the sale
*
*
*
Arrange for any transfers of office
equipment.
Update licenses and insurances.
Prepare transition letter for patients. ■
66
APRIL 2020 // orthotown.com
OT0220_Snyder_Transitions_AG.indd 66
3/26/20 11:49 AM
http://www.orthotown.com
Orthotown April 2020
Table of Contents for the Digital Edition of Orthotown April 2020
Orthotown April 2020 - Intro
Orthotown April 2020 - Cover1
Orthotown April 2020 - Cover2
Orthotown April 2020 - 1
Orthotown April 2020 - 2
Orthotown April 2020 - 3
Orthotown April 2020 - 4
Orthotown April 2020 - 5
Orthotown April 2020 - 6
Orthotown April 2020 - 7
Orthotown April 2020 - 8
Orthotown April 2020 - 9
Orthotown April 2020 - 10
Orthotown April 2020 - 11
Orthotown April 2020 - 12
Orthotown April 2020 - 13
Orthotown April 2020 - 14
Orthotown April 2020 - 15
Orthotown April 2020 - 16
Orthotown April 2020 - 17
Orthotown April 2020 - 18
Orthotown April 2020 - 19
Orthotown April 2020 - 20
Orthotown April 2020 - 21
Orthotown April 2020 - 22
Orthotown April 2020 - 23
Orthotown April 2020 - 24
Orthotown April 2020 - 25
Orthotown April 2020 - 26
Orthotown April 2020 - 27
Orthotown April 2020 - 28
Orthotown April 2020 - 29
Orthotown April 2020 - 30
Orthotown April 2020 - 31
Orthotown April 2020 - 32
Orthotown April 2020 - 33
Orthotown April 2020 - 34
Orthotown April 2020 - 35
Orthotown April 2020 - 36
Orthotown April 2020 - 37
Orthotown April 2020 - 38
Orthotown April 2020 - 39
Orthotown April 2020 - 40
Orthotown April 2020 - 41
Orthotown April 2020 - 42
Orthotown April 2020 - 43
Orthotown April 2020 - 44
Orthotown April 2020 - 45
Orthotown April 2020 - 46
Orthotown April 2020 - 47
Orthotown April 2020 - 48
Orthotown April 2020 - 49
Orthotown April 2020 - 50
Orthotown April 2020 - 51
Orthotown April 2020 - 52
Orthotown April 2020 - 53
Orthotown April 2020 - 54
Orthotown April 2020 - 55
Orthotown April 2020 - 56
Orthotown April 2020 - 57
Orthotown April 2020 - 58
Orthotown April 2020 - 59
Orthotown April 2020 - 60
Orthotown April 2020 - 61
Orthotown April 2020 - 62
Orthotown April 2020 - 63
Orthotown April 2020 - 64
Orthotown April 2020 - 65
Orthotown April 2020 - 66
Orthotown April 2020 - 67
Orthotown April 2020 - 68
Orthotown April 2020 - 69
Orthotown April 2020 - 70
Orthotown April 2020 - 71
Orthotown April 2020 - 72
Orthotown April 2020 - Cover3
Orthotown April 2020 - Cover4
https://www.nxtbook.com/farran/orthotown/orthotown-april-2024
https://www.nxtbook.com/farran/orthotown/orthotown-march-24
https://www.nxtbook.com/farran/orthotown/orthotown-january-february-2024
https://www.nxtbook.com/farran/orthotown/orthotown-december-2023
https://www.nxtbook.com/farran/orthotown/orthotown-november-2023
https://www.nxtbook.com/farran/orthotown/orthotown-october-2023
https://www.nxtbook.com/farran/orthotown/orthotown-september-2023
https://www.nxtbook.com/farran/orthotown/orthotown-july-august-2023
https://www.nxtbook.com/farran/orthotown/orthotown-june-2023
https://www.nxtbook.com/farran/orthotown/orthotown-may-2023
https://www.nxtbook.com/farran/orthotown/orthotown-april-2023
https://www.nxtbook.com/farran/orthotown/orthotown-march-2023
https://www.nxtbook.com/farran/orthotown/orthotown-january-february-2023
https://www.nxtbook.com/farran/orthotown/orthotown-december-2022
https://www.nxtbook.com/farran/orthotown/orthotown-november-2022
https://www.nxtbook.com/farran/orthotown/orthotown-october-2022
https://www.nxtbook.com/farran/orthotown/orthotown-september-2022
https://www.nxtbook.com/farran/orthotown/orthotown-july-august-2022
https://www.nxtbook.com/farran/orthotown/orthotown-june-2022
https://www.nxtbook.com/farran/orthotown/orthotown-may-2022
https://www.nxtbook.com/farran/orthotown/orthotown-april-2022
https://www.nxtbook.com/farran/orthotown/orthotown-march-2022
https://www.nxtbook.com/farran/orthotown/orthotown-january-february-2022
https://www.nxtbook.com/farran/orthotown/orthotown-december-2021
https://www.nxtbook.com/farran/orthotown/orthotown-november-2021
https://www.nxtbook.com/farran/orthotown/orthotown-october-2021
https://www.nxtbook.com/farran/orthotown/orthotown-september-2021
https://www.nxtbook.com/farran/orthotown/orthotown-july-august-2021
https://www.nxtbook.com/farran/orthotown/orthotown-june-2021
https://www.nxtbook.com/farran/orthotown/orthotown-april-2021
https://www.nxtbook.com/farran/orthotown/orthotown-march-2021
https://www.nxtbook.com/farran/orthotown/2021JanuaryFebruary
https://www.nxtbook.com/farran/orthotown/December2020
https://www.nxtbook.com/farran/orthotown/2020November
https://www.nxtbook.com/farran/orthotown/2020October
https://www.nxtbook.com/farran/orthotown/2020September
https://www.nxtbook.com/farran/orthotown/2020JulyAugust
https://www.nxtbook.com/farran/orthotown/2020June
https://www.nxtbook.com/farran/orthotown/2020May
https://www.nxtbook.com/farran/orthotown/2020April
https://www.nxtbook.com/farran/orthotown/2020March
https://www.nxtbook.com/farran/orthotown/2020JanuaryFebruary
https://www.nxtbook.com/farran/orthotown/2019December
https://www.nxtbook.com/farran/orthotown/2019November
https://www.nxtbook.com/farran/orthotown/2019October
https://www.nxtbook.com/farran/orthotown/2019September
https://www.nxtbook.com/farran/orthotown/2019JulyAugust
https://www.nxtbook.com/farran/orthotown/2019June
https://www.nxtbook.com/farran/orthotown/2019May
https://www.nxtbook.com/farran/orthotown/2019April
https://www.nxtbook.com/farran/orthotown/2019March
https://www.nxtbook.com/farran/orthotown/2019JanFeb
https://www.nxtbook.com/farran/orthotown/2018December
https://www.nxtbook.com/farran/orthotown/2018November
https://www.nxtbook.com/farran/orthotown/2018October
https://www.nxtbook.com/farran/orthotown/2018September
https://www.nxtbook.com/farran/orthotown/2018August
https://www.nxtbook.com/farran/orthotown/2018June
https://www.nxtbook.com/farran/orthotown/2018May
https://www.nxtbook.com/farran/orthotown/2018April
https://www.nxtbook.com/farran/orthotown/2018March
https://www.nxtbook.com/farran/orthotown/2018February
https://www.nxtbook.com/farran/orthotown/2017December
https://www.nxtbook.com/farran/orthotown/2017November
https://www.nxtbook.com/farran/orthotown/2017October
https://www.nxtbook.com/farran/orthotown/2017September
https://www.nxtbook.com/farran/orthotown/August_2017
https://www.nxtbook.com/farran/orthotown/2017June
https://www.nxtbook.com/farran/orthotown/2017May
https://www.nxtbook.com/farran/orthotown/2017April
https://www.nxtbook.com/farran/orthotown/March2017
https://www.nxtbook.com/farran/orthotown/2017JanFeb
https://www.nxtbook.com/farran/orthotown/2016_December_Orthotown
https://www.nxtbook.com/farran/orthotown/2016November
https://www.nxtbook.com/farran/orthotown/2016October
https://www.nxtbook.com/farran/orthotown/2016september
https://www.nxtbook.com/farran/orthotown/2016august
https://www.nxtbook.com/farran/orthotown/2016june
https://www.nxtbook.com/farran/orthotown/2016may
https://www.nxtbook.com/farran/orthotown/2016april
https://www.nxtbook.com/farran/orthotown/2016march
https://www.nxtbook.com/farran/orthotown/2016february
https://www.nxtbook.com/farran/orthotown/2015december
https://www.nxtbook.com/farran/orthotown/2015november
https://www.nxtbook.com/farran/orthotown/2015october
https://www.nxtbook.com/farran/orthotown/2015september
https://www.nxtbook.com/farran/orthotown/2015august
https://www.nxtbook.com/farran/orthotown/2015june
https://www.nxtbook.com/farran/orthotown/2015may
https://www.nxtbook.com/farran/orthotown/2015april
https://www.nxtbook.com/farran/orthotown/2015march
https://www.nxtbook.com/farran/orthotown/2015february
https://www.nxtbook.com/farran/orthotown/2014december
https://www.nxtbook.com/farran/orthotown/2014november
https://www.nxtbook.com/farran/orthotown/2014october
https://www.nxtbook.com/farran/orthotown/2014september
https://www.nxtbook.com/farran/orthotown/2014august
https://www.nxtbook.com/farran/orthotown/2014june
https://www.nxtbook.com/farran/orthotown/2014may
https://www.nxtbook.com/farran/orthotown/2014april
https://www.nxtbook.com/farran/orthotown/march2014
https://www.nxtbook.com/farran/orthotown/2014february
https://www.nxtbook.com/farran/orthotown/2013december
https://www.nxtbook.com/farran/orthotown/2013november
https://www.nxtbook.com/farran/orthotown/2013october
https://www.nxtbook.com/farran/orthotown/2013september
https://www.nxtbook.com/farran/orthotown/2013august
https://www.nxtbook.com/farran/orthotown/2013june
https://www.nxtbook.com/farran/orthotown/2013may
https://www.nxtbook.com/farran/orthotown/2013april
https://www.nxtbook.com/farran/orthotown/2013march
https://www.nxtbook.com/farran/orthotown/2013janfeb
https://www.nxtbook.com/farran/orthotown/2012december
https://www.nxtbook.com/farran/orthotown/2012november
https://www.nxtbook.com/farran/orthotown/2012october
https://www.nxtbookmedia.com