Aspen Consulting Group, Ltd. can assist in the review, assessment, evaluation, and valuation of a professional healthcare practice. Our years of experience in the field allow us to review all financial, operational, administrative, and planning aspects of a practice in a concise and efficient fashion. We use industry standards to evaluate measurable statistical information generated by the practice. For example, practice reviews may be performed to ascertain the efficiency with which certain aspects of the practice are currently functioning compared to industry standards. Assessment of current provider contracts is another example of an area that should be periodically reviewed by the practice to determine the current economic relationship between the insurance company and the healthcare provider.

Aspen Consulting Group, Ltd. can assist in the evaluation process regarding the sale or purchase of professional healthcare practices. Practice evaluations typically will identify both the strong and weak points of an existing practice. This information can be crucial when determining a fair selling or purchase price of professional practices.

Formal practice valuations can be performed to calculate an estimated practice value using industry-accepted standards and methods for valuing the economic aspects of a healthcare practice. The following items are examples of key issues appraised as part of the valuation process:

• The nature and history of the practice
• The economic outlook in general and the outlook of the healthcare industry in particular
• The book value and financial condition of the practice
• The earnings capacity of the practice
• Whether or not the practice has goodwill or other intangible value

A written report is issued which explains the methodologies used to determine the reported estimated value. These valuations are often used as the cornerstone for negotiations when purchasing or selling a practice.