In this increasingly complicated business environment, there are multiple levels of compliance required of medical practices e.g. safe clinical practice, human resource management, Workplace Health and Safety and Medicare. Medical practices need to have good governance systems in place to mitigate and manage the risks of non-compliance. Governance involves the structures and processes that facilitate decision making and ensure effective implementation while also providing accountability by monitoring performance and compliance.

In this session we session will cover:

• The fundamentals of governance at applied to medical practices

• The breadth of the compliance requirements

• Approaches for managing governance and compliance in your practice

Buying an established practice? How do you know the price is right?

Buying or selling a practice isn’t as simple as Profit X Multiple = Price.

This information session will explorer the factors that need to be taken into account to determine a fair price with topics including:

• How medical practices are traditionally valued?

• What are the common traps you need to be wary of when valuing a practice?

• What is the difference between a high-value and low-value practice?

• How to improve the value of your practice ready for sale?

• What are your practice succession and exit options?