Years to partnership

Question: In recruiting new doctor to our physician group medical practice, how many years before they should be eligible for partnership in the practice.  Thanks!!

Answer: My recommendation is 3 years with a small buy-in after the three year period. It usually takes three years to get a financial return on this big investment. Most new doctors today are looking for smaller buy-ins – it's becoming a major recruiting issue in a lot of service areas and for a lot of specialties. Extending the employment period to three years before being eligible for ownership I think warrants a smaller buy-in.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians