How many years you should have under your belt before you own a practice? Typically, the number is five years, but that the number really depends on the doctor. We’ve had doctors who were able to purchase a practice after three years and do quite well. A lot depends on your comfort level, skill set and experience.
Here are some things to consider before you buy:
Are you...Read More
Veterinarians typically sell their practice when a life event happens. That life event may be health related, financial reason, or you have just reached the age where it’s time to retire and spend some quality time enjoying your family and life. Whatever the reason may be there are several things you can work on that will make your practice more appealing and will help you and your...Read More
By Rod Johnston, MBA, CMA
OMNI Practice Group
A lot of “experts” have been giving their own predictions on the Covid-19 Pandemic. The truth of the matter is, no one has a crystal ball and knows what tomorrow will bring. So far, most experts have been off on their predictions. What we do know is that there will be a “post-Covid” and life will get back to some form of normal in the...Read More
by Steve Kikikis, OMNI Practice Group
In Washington State, Governor Jay Inslee has halted all non-emergency services and elective procedures for the next 8 weeks forcing most medical offices to close during this time (hospitals, surgery centers, dental offices, etc.)
Rent is still due!
The obligation to make a rent payment is not automatically stopped because your business has been forced to...Read More
By Corey Young, DDS, MBA, CVA
What a crazy time we are in. At least to me, this is a sober reminder that major disruptors are almost impossible to predict. I am reassured that our nation seems to be taking the situation seriously and I do firmly believe we can weather this storm. Most of you reading this are making difficult decisions about staffing, how to deal with emergencies, and how you...Read More