What to Consider When Deciding Between Selling or Partnering With a Dermatology GroupDec 23, 2022
As a dermatologist, you know that your business is valuable, and you can monetize it and prepare for your future by selling your practice. Whether you want to retire soon or connect your office within a widespread network, DermCare Management can provide valuable insight on what to consider when selling your dermatology practice.
3 Things to Consider Before Selling Your Dermatology Practice
If you've run your practice for some time, you know how much work goes into managing its operations. Selling can relieve administrative responsibilities and provide many other benefits. Consider these questions:
- What is your motivation for selling your dermatology practice? It's crucial to identify your motivation to select the best buyer for your needs. Are you looking to retire? Do you want more flexible hours with fewer administrative tasks to take you away from patient care?
- What benefits will you receive after selling? Identify what perks you're looking for in a buyer. Will you access capital that can help your practice expand and grow? Will you benefit from operational efficiencies? Will you receive marketing and sales support?
- How much will your dermatology practice sell for? No definite rules exist for determining your practice's value. The basis of your business's value derives from multiple factors, including the services you offer, the model in which your practice operates and even its location.
Partnering With DermCare
We know that selling your dermatology practice is more than a business transaction. This decision involves the culmination of years of hard work, dedication and passion. When you partner with DermCare, we take great care to ensure that you continue to enjoy the benefits of running an independent practice — without the day-to-day administrative obligations.
When DermCare purchases your practice, it will keep the name, culture and people that have become synonymous with your legacy. You reserve autonomous control and can still set your own hours and schedule. When you decide to retire, you can do so on your own timeline.
Determine What Your Practice Is Worth Today
When planning to sell, it's essential to know your dermatology practice's value. Our expert team will give you a confidential introductory call, where we'll provide an estimate of what your business might be worth and other details to consider. Contact DermCare online or call 844.633.9358 today to learn more about our flexible partnership opportunities.