Here are six questions for ASC physician leaders to ask when creating a succession plan, said Arthur E. Casey, CASC, senior vice president of business development for Outpatient Healthcare Strategies, in a recent Becker’s ASC Review article.
• How much notice is required before retirement?
• How will the divestiture of ownership from a retiring physician be funded and over what length of time?
• Where will capital to repurchase shares come from? Operating cash? A financed loan?
• What will happen if two or more physicians retire and divest their ownership at the same time?
• How will retiring physicians’ shares be valued?
• Will retiring physicians be allowed to sell their shares to a junior partner?
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