6 Steps for Anesthesia Practices Considering Selling

Howard Greenfield, MD, principal of management and consulting firm Enhance Healthcare, described several steps to follow when deciding whether to sell one's anesthesia practice at the 2012 American Society of Anesthesiologists Conference on Practice Management.

Dr. Greenfield gave a presentation (pdf) titled "You Are a 15-Person Group. Time For Change: What Are You Going To Do?" at the conference, which was held Jan. 27 to Jan. 29 in Orlando, Fla.

Anesthesia practices considering selling should follow these steps in the decision process, according to Dr. Greenfield:

1. Review operating and partnership agreements.
2. Decide the percentage of votes needed to complete the sale.
3. Conduct a non-compete review of both hospital contracts and partnership agreements.
4. Include three to five partners on a transaction board of directors.
5. Address junior partner/partner tract physicians' shares and the timing of partnership papers.
6. Decide whether employed physicians/CRNAs will participate in the sale of the group.

More Articles on Enhance Healthcare:

5 Ways Effective Communication Can Improve OR Efficiency
6 Strategies for Improving OR Performance Through a Hospital-Employed Anesthesiology Model

How Preoperative Preparation Can Drive OR Performance

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