Got a question about PVG or Medical Practice Valuation? To get an answer, give us a call. Talk to a member of our practice valuation team. Don’t wait. Call now.
Q. What kind of businesses does the Practice Valuation Group value?
A. We are experts in valuing medical, dental, chiropractic, veterinary, and podiatry practices as well as allied practices such as mental health specialists, nurse practitioners, physical therapy practices, and urgent care and ambulatory surgical centers.
Q. How many doctor practices have the Practice Valuation Group valued?
A. Our medical practice valuation team of experts has valued over 900 medical, dental, veterinary, podiatry, and mental health practices that range from small one doctor practices to large group and multi-specialty practices.
Q. What specialty and sub-specialty practices have the Practice Valuation Group appraised?
A. Our valuation team has valued hundreds of primary care practices and forty or more specialty and sub-specialty practices such as cardiology, gastroenterology, ophthalmology, orthopedic surgery, otolaryngology, radiology, and in-vitro fertilization as well as oral and maxillofacial surgery and podiatric surgery practices plus ambulatory surgical and urgent care centers.
Q. Who hires the Practice Valuation Group?
A. Doctors and their spouses as well as their advisors such as CPAs, financial planners, banks estate planners, and trust and litigation attorneys.
Q. What are some of the reasons doctors hire the Practice Valuation Group to value their practices?
A. Doctors hire our valuation experts to help them solve valuation problems such as buying or selling a practice, buying into a partnership, hiring an associate doctor, developing an exit strategy and/or estate plan, breaking up a medical practice partnership, or getting a divorce.
Q. Why should a doctor hire the Practice Valuation Group to value their practice?
A. Our court-qualified valuation experts are authorities in valuing primary care and specialty, sub-specialty, and allied health care practices.
David Shuffler has more than thirty years of experience in medical practice finance and macroeconomic and practice-specific risk analysis. He is a State Superior Court and Mediation qualified expert in medical practice valuation.
Vincent Brinly has over ten years of experience valuing medical practices and Relative Value Unit (RVU) analysis. Vincent has been endorsed by Podiatry Insurance Company of America (PICA). His articles on medical practice valuation have appeared in Medical Economics, Eye Care Professional, and Footlights, a Quarterly Publication of PICA.
PVG practice appraisals are carried out in accordance with the provisions of the Uniform Standards of Professional Appraisal Practice of The Appraisal Foundation (USPAP) and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers (ASA).
Q. Does the Practice Valuation Group team need to visit my office in order to value my practice?
A. No. We represent doctors and allied health care professionals throughout the United States and the District of Columbia. In every case, we gather data by regular mail, fax, or e-mail. We consult with our clients via e-mail and telephone or get together on Zoom.
Q. What information does the PVG valuation team require to value my practice?
A. In order to determine how much your practice is worth, we need to review U.S. Income Tax Returns and Quick Books Financial Statements as well as business records, statistical data such as case-mix and payer profile, management and financial reports such as General Ledger, W-2 Wage, and Tax Statements, Accounts Receivable Aging Reports.
We will give you an Information Questionnaire & Document Request which will layout the information we’re going to need to value your practice. Our valuation team will help you gather the necessary statistical data, reports, and documents.
Q. How long will it take PVG to value my practice?
A. Our typical turnaround timeline is four to six weeks from the receipt of the material requested in the Information Questionnaire & Document Request. Some situations are time-sensitive. In those instances, we work hard to meet these urgent deadlines.
Q. How much does it cost to value my practice?
A. We get together with every client and establish a budget tailored to their individual valuation needs. The budget is determined by the size of the practice, the complexity of the valuation issue, and customary case law requirements in each state regarding valuation.
Q. Will you provide me with a written valuation report?
A. Yes. We will issue an oral as well as a written valuation report which describes your practice, sets forth the macroeconomic and practice-specific factors that affect value, and states the value of the practice. The report also identifies valuation metrics such as break-even point, capitalization rate, and investment horizon.
The PVG valuation report is a document commonly used to litigate divorce complaints and other legal proceedings or mediation matters; estate planning; practice acquisition; equipment or real estate loan requests as well as buying or selling a practice.