What are some reasons to consider Healthcare Business Valuations? In the video below, Kay Ferrell, Director at Carnahan Group, responds.
Healthcare Business Valuation is the process of determining the value of a healthcare practice. Healthcare practices are unique in that they have a great deal of intangible assets, which makes valuation more difficult than for other industries. Healthcare Business Valuations can be used to determine fair market value for an asset sale, estate and tax planning, retirement planning and succession plans, among many other scenarios.
There are many reasons to consider this service: if you’re considering buying or selling your healthcare practice, if you’re retiring from your practice as an owner-physician or if you’re just trying to plan ahead for retirement with your spouse by determining what it would be worth at various points in time. Additionally, the American Rescue Plan Act of 2021 has provided $5 million to the Health and Human Services Office of Inspector General for Provider Relief Fund oversight. (source)