WHAT IS YOUR MEDICAL PRACTICE REALLY WORTH? Michael Simms, CEO of Veracity Advisors weighs in....

Physician Wealth Meds

Doctors - When was the last time you stopped to think about what your practice is worth?
1. Do you know the value of your practice? Do you have a baseline?
We often think about having a business valuation completed for a transition to someone else or a hospital, but do you know that you can also use a business valuation to guide you for the growth of your practice and the "health" of your practice?
Use your business valuation as a guide for growth!
2. Do you know the key performance indicators (KPI) that would guide you to a healthier practice?
3. Do you want to maximize your value?
4. Are you too involved in your practice, where you need to start being the CEO and allow for others to come along-side you so you can eventually step away?
Many doctors have very high "good will" with their patients, and when they go to sell their practices, if they're the ONLY face of their practice, the value is not going to be what they think it is. Starting early working to systemize your practice and working through the KPIs needed will help enhance your value and the value of your practice.
Kevin Sullivan, Wealth Advisor and podcast host, speaks with Michael Simms, CEO of Veracity Advisors who is also known as the "valuation guy" as he shares some essential points you won't want to miss.
To find out how we could possibly help you, contact us today at the email below or the office phone.
•Michael Simms is not affiliated with or endorsed by LPL Financial or Physician Wealth Meds.
•Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.
• The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
PODCAST INFO

Kevin R Sullivan, AIF® - Founder - Wealth Advisor, and the host of this podcast
K D Sullivan Wealth Strategies.
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For more information on wealth strategies and other concierge services, visit: www.kdsullivanwealthstrategies.com
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.