Selling a practice: What is a compliance review and why is it important?

Selling a practice can be an emotional time for a physician-owner. However, you cannot let emotions cloud your judgement if you want to get the best deal. Experts say it is important to understand what buyers will be looking for and when possible, to prepare yourself and your records for the extra level of scrutiny.

Medical Economics spoke with Erika Adler, a health care attorney with Roetzel & Andress, about the various aspects buyers will want to examine before making an offer. There are several aspects that physicians often either don’t know about or overlook, which could cost them money – or even the entire deal. In this episode, Adler discusses what a compliance review is and why it is important.