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Have you considered acquiring a private healthcare practice?
As a private healthcare practice grows and plans for expansion, or as larger healthcare organizations look for growth and revenue, targeted acquisitions frequently play a role in that growth strategy. Especially for private healthcare practice owners who started a practice organically, purchasing or acquiring additional practices or locations can seem like an overwhelming proposition. In fact, when I purchased ProActive, I quickly realized the complexity and nuances involved in putting together this type of deal. So, where do you begin? What pieces of data or information do you based an offer on? What metrics do you want to see when evaluating a potential acquisition of a private healthcare practice?
In this episode, I sit down with Mike Piekutoski from Physical Therapy Brokers to talk about the ins and outs of acquiring a private healthcare practice. Mike has worked on both the buy and sell side of the equation working in mergers and acquisitions in the private physical therapy practice space.
What we cover in this Episode:
- The 3 main questions sellers may have when selling their private healthcare practice
- Evaluating simple operational changes that may provide quick ROI following an acquisition
- Understanding the financial metrics that drive the valuation of a private healthcare practice
- Ensuring that there is a culture fit between the acquiring and acquired private healthcare practice
- Planning for key employees and retention following the acquisition
- How to maintain growth and culture as you scale to multiple locations in your private healthcare practice
- Achieving Better Outcomes by planning for the future in your healthcare practice
We’re starting to create videos of certain podcast episodes, including this episode, which can find on the YouTube Channel.
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For More:
If you enjoyed this episode: Join Rafael E. Salazar II, MHS, OTR/L (Rafi), principal of Rehab U Practice Solutions and host of The Better Outcomes Show as he explores the possibilities of a new healthcare. Guests range from clinicians trying new techniques and treatments to executives and entrepreneurs exploring new service delivery methods, business models, and organizational structures. You can sign-up to receive new episodes delivered directly to your inbox by filling out the form below. Â Learn more about Rehab U Practice Solutions by reading The Manifesto for a New Healthcare, or listen to Episode 000. Or, grab a copy of the book:Â Better Outcomes: A Guide to Humanizing Healthcare.
Are You Ready to Humanize Healthcare?
If you run a clinic or practice and are looking to develop a strategy that leverages best practices, new technology, and marketing/messaging in a way that returns the focus of healthcare to people, please reach out. We’d love to talk with you about how Rehab U Practice Solutions can help your clinic bring in more clients, retain them throughout their course of care, and create uniquely impactful experiences.
Rafael E. Salazar II, MHS, OTR/L (Rafi) is the Principal Owner of Rehab U Practice Solutions, the host of The Better Outcomes Show, and the author of Better Outcomes: A Guide to Humanizing Healthcare. He has experience in a variety of rehab settings, working with patients recovering from a variety of injuries and surgeries. Rafi has worked in a variety of settings, from orthopedic and musculoskeletal rehabilitation, to academia, and even healthcare consulting. At Charlie Norwood VA Medical Center, he as the lead clinician and clinical education coordinator for the outpatient specialty rehab program. In this role, he treated many veterans with chronic pain and helped to establish an interdisciplinary pain management program. He has worked on projects ranging from patient engagement initiatives to marketing communication campaigns to a multi million dollar project assisting the State of Georgia’s Department of Behavioral Health and Developmental Disabilities transition individuals out of state institutions to community residences. His work on Telehealth has been discussed in Forbes. He also has experience as a core faculty member at Augusta University’s Occupational Therapy Program, as a Licensed Board Member on the GA State OT Board, and he serves on the Board of Directors for NBCOT. He works to help healthcare clinics and organizations deliver uniquely impactful patient experiences by improving service delivery through consulting, training, and speaking.
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Work With Me
If you’re ready to craft a strategy to help your organization bring in more clients, retain them throughout their course of care, and create uniquely impactful patient experiences, then reach out. I’d love to talk with you about how Rehab U Practice Solutions can help.
What I can help you do:
✅ Train your staff and clinicians to be able to confidently communicate the value your organization provides…
✅ Leverage best practices, new technology, telehealth, and marketing/messaging to maximize patient engagement & retention…
✅ Develop a system that keeps patients & clients happy, engaged, and satisfied throughout the entire process of care…
I help you not only craft marketing messages & campaigns that build that know, like, & trust value you need to convert leads into scheduled clients; but I also work with your clinicians and staff to make sure that, once a patient decides to schedule an appointment, you have a system setup that keeps them happy, engaged, and satisfied throughout the onboarding, treatment, and discharge process.
In short, I’ll help your whole organization become focused on the most important thing in healthcare: people – the people who work for your organization, and the people who your organization treats and serves.
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