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Reason to use AFTCO services
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The signs are subtle at first, a few cancelled appointments, then some fee resistance from some of your loyal patients. Then you notice you are not getting the same number of new patients each month. Production figures for your practice start to drop for no apparent reason. You talk to the staff and they don’t understand why this is happening.
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Many of us have lived long enough to know that there are times that can be good… and times that can be bad. Some people have made as much money in bad times as they have made during the good times. It is often just a matter of perspective. Is the glass half-full… or half-empty? Are you looking for opportunities or excuses? The difference can make all the difference in your life, and your Quality of Life.
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Ask The Experts
The most widely used method for determining practice value is fair market value. The commonly accepted definition of fair market value is the price which a professional practice would produce, allowing reasonable time to find a purchaser, with both buyer and seller having access to full disclosure of information about each other.
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Absolutely. The best thing the owner of a practice can do when he wants to sell his practice (and has an associate with no contract working in the practice) is to offer to pay $5000 or $10,000 to the associate as consideration for a restrictive covenant that can be transferred to a new purchaser.
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