In this episode of All Things Chiropractic, hosts Paul Andrews and Dr. Mark Davini delve into the crucial topic of selling your chiropractic practice. They explore the importance of valuing your practice accurately and how to boost its value over time. The discussion sheds light on factors that influence practice valuation, such as patient volume, collections, and overheads. The hosts emphasize the significance of transferability, highlighting the challenges of personality-driven practices.
Listeners will gain insights into practical steps to enhance practice "saleability", from improving office aesthetics to optimizing staff efficiency. Andrews and Davini address common pitfalls, such as non-compliant coding practices, and provide tips on maintaining a financially healthy practice. They also explore the emotional aspects of selling a practice and encourage listeners to adopt a buyer's perspective when preparing their practice for sale.
Tune in for expert advice aimed at ensuring a successful and rewarding practice transition, whether you're considering retirement or a career change. Join Paul and Dr. Mark as they navigate this critical aspect of a chiropractor's career journey.
