Startups & Transitions

Practice Start-Up

Practice startups come in many different forms and involve many moving parts. What used to be a “hang a shingle and they will come” mentality has significantly changed over the past decade. The stakes are too high. From proformas, credit and loan applications, and credentialing, to lease negotiations and hiring, pitfalls abound. Many firms offer start-up services, but few offer the high level approach and team that InnoMed offers its clients. We begin by learning your personal and professional goals, then help you assess different opportunities from both a personal and professional standpoint. Let InnoMed Management Group, based in Lincoln, Nebraska, get your practice off on the right foot. Contact us today.

Opportunity Analysis

Start a practice? Join a private group or a health system? If you are struggling with deciding which opportunity is best for you, contact InnoMed Management Group in Lincoln, Nebraska today. InnoMed has a team of professionals to evaluate your opportunities from several fronts--financial, demographic, psychographic, and practice-style viewpoint, giving you significant insight to help you make your decision from both a data and personal choice perspective.

Contract Review Analysis

Once you have narrowed your choices, InnoMed Management Group has significant experience in contract review that can assist you in identifying what parts of the contract to be wary of, and what parts may make the opportunity a deal breaker. InnoMed’s review also includes counter-offer preparation on your behalf giving you a partner in crafting the contract in a way that benefits you, not the other way around. InnoMed also reviews the contract for an appropriate out clause in the event the opportunity is not as it is portrayed, or a change in scenery is needed in the future.

Practice Sales & Transition

While dental and Oral Surgery practices are still typically bought and sold, medical practices have recently seen an uptick in sales as well, with interest from the venture capital (VC) community. InnoMed has experience in representing the buyer, seller, and in some cases, both when the situation necessitated. From traditional buy-sells to practice associate/partner/owner model, InnoMed Management Group has experience in various models of joining and/or acquiring or liquidating practices.

Practice Valuation

A critical aspect of any sale or transition is the valuation of what the practice is worth. This process often is the most contentious aspect of a transaction, and needlessly so. The reality of the situation is that the successful sale and transition occurs when both the buyer and the seller feel they are winners in the process, regardless of the numbers. This is especially critical if the seller is planning on practicing at the firm after the sale. InnoMed Management Group has the experience and team you need and can help navigate the details of practice valuation.