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How to Successfully Transition to a Partnership in a Healthcare Practice Hosted byEric Miller & Guest, Brad Pierson, DDS
Manage episode 422319319 series 3578674
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In this episode of the Financial Beast Podcast, host Eric Miller interviews Brad Pierson, an orthodontist who successfully transitioned his practice to a partner. They discuss the importance of having an exit strategy from the beginning and the key factors to consider when bringing on an associate and eventually transitioning to a partner.
Brad shares his experience of finding the right associate, establishing compatibility, and structuring the buy-in process. He emphasizes the significance of having systems in place and a solid team to support the transition.
Brad also highlights the importance of open communication, shared responsibilities, and setting realistic financial goals for both parties. This insightful conversation offers valuable insights for healthcare owners who are considering transitioning their practice.
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