Want expert advice on how to Buy or Sell Patient Files? Contact us for a Complimentary Consultation
Patients are the most valuable part of any naturopathic practice. A good client list takes time to build, and patients are usually loyal to their naturopaths. However sometimes life circumstances can change and a naturopath will list their files for sale. Buying patients can be a great way for new naturopaths and new practices to jump-start patient to patient referrals or to grow an existing practice.
When buying or selling patient files there are many important considerations:
ND Business Solutions calculates the value of patient files by looking at the age and frequency of visits, revenue per patient, and a combination of market forces
Is it possible to increase the retention rate? By comparing treatment modalities, indexing procedures and an interview process we can help both buyers and sellers find a great match, boosting the value of the practice and providing continuity for the patients
ND Business solutions can aid buyers or sellers in searching for another naturopath and negotiate on your behalf
Do you own the rights to your patient files or does the clinic you work at own them? Contact us for a complimentary review of your association, employment or lease contract.
How can ND Business Solutions Help?
ND Business Solutions calculates the value of patient files by looking at the age and frequency of visits, revenue per patient, and a combination of market forces. The appraisal of patient files are also part of a practice valuation
Provide strategies to increase the number of patients who will continue to be active patients for the purchasing naturopath. A higher retention rate equals more sustained patients for the buyer or increased value for the seller
ND Business Solutions will find and contact naturopaths that are likely to be interested in being the other party to your transaction. Then we set up a qualifying process to ensure the transaction is right for both you and the patients’ continuing care. Finally, we negotiate to ensure you get the best deal
Review or draft contracts to protect you from unforeseen circumstances and liabilities, and provide referrals to legal advice
ND Business Solutions pairs Naturopathic Doctors with expert business and legal advisers to take your practice to the next level.
Contact us for a free consultation.
Enter your contact information for a complimentary consultation from one of our experts with relevant experience. Please note that ND Business Solutions cannot provide professional legal advice through our complimentary consultations.