Updating your Shareholder Partnership Agreements
OVERVIEW
How long has it been that your partnership or group practice reviewed your agreement to ensure it reflects current trends and issues in the medical environment? The agreement the doctors signed many years ago may be vague, contain outdated values for buy-in/buy-outs or none at all, income distribution formulas may be sowing seeds of discontent or the group is suddenly faced with an untimely departure of a revenue producing doctor and also a steep buy-out. This workshop will cover the elements of Partnership/Shareholder/Buy-Sell issues and current trends, particularly the differences between junior/senior members.
WHY SHOULD YOU ATTEND
Too often, physicians are faced with an unexpected event such as death or disability and realize their shareholder/partner agreements are woefully out of date or did not include concrete decisions which then result in litigation.
AREAS COVERED
- Why Yearly Strategic Planning Meetings are essential
- Income Distribution Formula – Does this currently reflect productivity/fairness?
- Expense Share Agreement Formulas – Why some can game the system for low/high producers
- Senior Perks – Do the junior partners agree?
- Dropping Call – What age, what is the worth?
- Dropping /Surgery/OB/ or Going to Part Time – Should the doctor remain a partner?
- Buy/Sell Formulas – Do they reflect current trends in Goodwill, A/R and Tangible Assets?
- Death & Disability – What are the formulas for responsibility for overhead and buy out?
- Ethics/Conflicts of Interest/Principles of Practice/Compliance – Should you put these in agreements?
- Vesting for external purchases by private equity firms/ hospitals or universities
WHO WILL BENEFIT
Physicians
Managers
Nurse practitioner
Physician Assistants
LEARNING OBJECTIVES
At the conclusion of this course, physicians and administrators will learn the elements of what needs to be included in Partnership/Shareholder/Buy-Sell agreements in this decade; what issues and current trends, particularly the differences between junior/senior members are, to ensure the current agreement reflects what the partnership/shareholders intend.
For more detail please click on this below link:
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
Speaker and Presenter Information
Debra Phairas is President of Practice & Liability Consultants, LLC a nationally recognized firm specializing in practice management and malpractice prevention. Her background includes medical clinic administration and loss prevention management for NORCAL Mutual, a physician malpractice insurance carrier in Northern California. Her BS is from Michigan State University and her graduate work at Golden Gate University San Francisco MBA Health Services Administration program. Her consulting experience includes over 1,850 practices of all sizes and specialties. Typical engagements include: practice start-ups, practice assessments, mergers, financial analysis, revenue enhancement, overhead reduction, personnel management, over 450 practice valuations, expert witness, partnership issues and recruitment support for hospitals and physician groups. She has presented seminars and lectures nationwide for state and local medical/dental associations, management organizations and specialty societies.
Relevant Government Agencies
Dept of Health & Human Services
View Exhibitor/Sponsorship Details
Event Type
Webcast
When
Wed, Nov 8, 2017, 1:00pm - 2:00pm
ET
Website
Click here to visit event website
Event Sponsors
Organizer
Training Doyens
