Yes, another checklist for your summer planning session. This stuff matters. A lot! Get it together, along with last week’s checklists, and you will be a top-value practice owner.
Essential/Critical Items
- Proper, Written Associate and Employee Contracts
- Premises Lease, Renewal and Assignment Options
- Bank-Approved Professional Appraisal
- Professional Incorporation and Minute Book Compliance
- Clinical Services and Procedures Analysis
- Active Patient Count, Complete with Demographics
- Performance Data by Practitioner, per Hour/Day/Month
- Accounts Receivable: Fully Reconciled and Purified
HOW DO I GET STARTED?
- Assemble a team of professionals who have dealt with numerous optometric practice transitions.
- Understand when and why each transition item should be introduced during the selling process. There is a strategic path to follow to ensure the integrity of your goodwill is maintained at all times.
- Every transition is unique. Your broker will help you understand the many other transition items that will be added to your customized checklist.
- Your ROI Broker will provide a transition manual explaining the dozens of minor business issues that will be transferred to the new owner and guide you through the many steps in the process, such as how, what and when to tell staff and patients.
JACKIE JOACHIM
Jackie Joachim graduated from the University of Toronto with a Bachelor of Arts degree in Economics and Political Science and has close to 30 years of experience in the health care sector. She began her career in banking where she learned how to finance health care practices. With 10 years of experience in practice management, she developed and delivered seminars to healthcare professionals across the country, coached hundreds of practitioners for planning, marketing, patient education, human resources and financial management. She has been a keynote speaker at both national and provincial association conventions where she has had the privilege of speaking with thousands of health care professionals across Canada. You can reach at Jackie.joachim@roicorp.com or 1-844-764-2020.
