Preparing to Acquire
Buying a practice of your own can be overwhelming, and for many practice owners it takes a lot of trial and error before they feel secure in their financial stability. Midline is here to ease that stress and help you succeed from the very beginning. Whether or not you partner with us, we’ve made our buyer preparation checklist available below to view or download, so you can arm yourself with the knowledge you need to start a thriving practice.
Buyer Preparation Checklist
Entity Preparation
Create an LLC
Create a TIN-EIN
Add a Type II NPI
Register with Department of Health
Select a Payroll Provider
Professional Relationships
Select an Attorney
Select a CPA
Select a Lender and Receive Pre Approval
Select a Malpractice Provider
Select a Liability Insurance
Decision on Overhead Insurance
Radiology and OSHA Compliance
Report Review
Three Year Production-Collection Trends
Procedure Code Trend
Insurance Contact Relationships
Three Year Profit and Loss Review
Three Year Tax Return Review