Nick Hernandez, MBA, FACHE

Entering a physicians partnership is not a process that should be rushed through nor taken lightly.

Often, private practice physicians make drastic mistakes when selling their medical practice and lose thousands of dollars in the process. All their hard work and long-term investment goes down the drain.

Don't wait until it's too late to start planning for practice succession.

Avoid these pitfalls when selling your medical practice.

The first step by any qualified consultant should not be a discussion of strategies or tools. It should be a frank discussion of what the physician client really wants.

Creating a strategic plan and thinking strategically are not about doing more. They are about focusing how you spend your time so that you are more effective in reaching your goals and getting to where you want to go.

Having capabilities is all well and good, but just because you are capable of doing something, does not mean you are going to be successful.