Don’t Leave Money on the Table
The value you receive in a practice transition depends on what’s happened over many years prior to the actual event. How well have you managed the revenue cycle and accounting? Is your technology current? Are staffing and HR smooth and problem-free? What is the practice’s long-term profitability, both historically and projected? How tax-efficient is the agreement?
Addressing all of the issues that impact practice value in a transition can’t be done overnight. Rather, it’s a process – an accumulation of smaller decisions that position you and your practice to make the most of this moment… or not.
Whether you’re selling, merging or expanding, it’s not just about choosing the right partner and negotiating the right price. A successful practice transition involves countless logistical details, and the way you handle seemingly minor issues can have an outsized impact on the results.
Don’t risk leaving money on the table or leaving your practice vulnerable at a moment like this. James Moore knows how to help you practice prepare for and navigate transitions, ensuring you can experience the optimal outcome with minimal disruption. That’s just one of the reasons why so many physicians trust us to help them achieve their personal and practice goals.
Jay Hutto, CPA/ABV/CFF, CVA
As a CPA in the state of Florida, Jay has more than 30 years of experience providing personalized accounting services including auditing and tax services, business consulting, business valuations and litigation support. While he has worked with clients representing the real estate, manufacturing, professional services, dealership and retail industries, he has significant experience addressing issues and providing solutions for healthcare-related entities. As such, Jay leads the firm’s Healthcare Segment Team.
Jay works primarily with for-profit clients looking to maximize revenue and minimize expenses, and he is dedicated to providing them peace of mind that they’re getting the best possible tax savings. His guidance helped one client avoid a $500,000 tax liability with a cost segregation study, and he helped another client eliminate a $50,000 IRS tax penalty. He also takes a proactive approach to revenue enhancement, cost controls, applying best practices, and emphasizing the importance of having the right policies and procedures already in place (instead of as a reactive remedy) to best facilitate business growth.
Jay also specializes in preparing business valuations and litigation support services and has earned several accreditations including the Accredited in Business Valuation (ABV), Certified in Financial Forensics (CFF) and Certified Valuation Analyst (CVA) designations. Litigation support services include related party transactions, fraud, child support, divorce and dispute resolution.