What to Look for When Selling a Medical Practice

EAST BRUNSWICK, N.J. - March 11, 2016 - PRLog -- Pishoy Fahmi CPA, owner of P.N.F. Certified Public Accountants & Healthcare Advisors shares a few important things physicians should consider when selling a medical practice.

• Contact prospects that would possibly be interested in buying your practice. For example, consider contacting your competitors. You never know who might be interested in expanding his or her practice. Consider contacting local hospital administrators who may know of a physician or a group who is interested in practicing within the community.

• Sell and lease your space. Do you own the facility or building? If you own the building location of your practice, consider selling your practice and leasing the office space. You can even offer an 'option to buy'.

• Sell to a hospital and continue on as a physician. Another option is to sell your practice to a hospital and remain a physician.

• Find out how much your medical practice is worth. When it comes to buying (or selling) a medical practice, you have to consider the office building, patient accounts receivable and the total liabilities.

About P.N.F. Certified Public Accountants & Healthcare Advisors

P.N.F. Certified Public Accountants & Healthcare Advisors provides accounting services for health professionals throughout the East Coast, including New Jersey, New York and Connecticut. For more information about P.N.F.'s accounting services, visit: http://www.pnfcpa.com or call (732) 605-1529.