This content was created by Dr Allen Nazeri DDS MBA. This content was uploaded by Dr Allen Nazeri DDS MBA. This is a YouTube video titled "How to increase the value of your Medical or Dental Business?" created on November 26, 2017, featuring Dr Allen Nazeri DDS MBA. The video discusses strategies for increasing the valuation of medical and dental practices, including diversifying revenue sources, implementing operational efficiencies, and considering tax implications.
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This video we're going to discuss how you can increase the valuation of your medical, dental practice or group practices for that matter. There are a number of things that as the owner of a clinic that you can do to increase the valuation. Number one is, is your clinic dependent on you as the sole provider of the revenue or do you have a number of doctors that can do that? If you have a number of doctors involved, obviously your practice is not dependent on you. Therefore an investor who wants to buy your practice or invest in it, they know that even if you're gone, the practice will continue going through. The second most common problem with many practices and clinics is that they don't have is good system of operational efficiencies in place. I'm talking about the documented system. A documented system is something that is going to be used in order to train someone who is not in the medical professional, is not in medical profession to understand how the business processes works in your business. Unfortunately, many of the doctors are so busy trying to see patients throughout the day that they just do not have the time to be able to create these operational systems and the flowcharts and the SWOT analysis and so forth for their businesses. So therefore it is very, very important that you.
Either bring someone in that can do this kind of work for you or outsource this type of work to a company like mine that can handle these type of operational efficiencies to get you ready to present you to an investor or a buyer of your clinic. The last thing that most doctors need to also consider is obviously taxes. How is the taxes going to affect the overall valuation of the practice? In certain jurisdictions in certain countries.
There are ways that this taxes can be minimized. Therefore the valuations can be a lot more attractive than in some other jurisdictions and countries. For further information, please feel free to contact me@drallenci mail.com that's-r a l l e n c iail.com you may visit our website at drallen nazari.com we are a consulting, advisory and investment banking firm have been helping group practices and hospitals both on the sell side and buy side of mergers and acquisitions. Thank you for watching.
