“How much is my practice worth?” This is a question many physicians, and practice managers will ask themselves at some point in their career.Watch the video “Valuation Considerations in the Healthcare Industry” prior to completing this discussion.WHAT: https://www.youtube.com/watch?v=TNDjOU706NU You have been the practice manager of Rockford Urgent Care for five years. The practice is profitable, but the current physician owner is ready to retire, and sell the practice. He has hired a company to broker the sale. Respond to the following points:
- What information should you begin preparing to aid in a smooth valuation process? (You may use bullet points for clarity).
- Explain the relationship of a practice’s income to valuation.
- Explain how your ability to collect from patients will impact a favorable valuation.
Please be sure to validate your opinions and ideas with citations and references in APA format.Please review post and response expectations. Please review the rubric to ensure that your response meets criteria.Cite any resources/references in APA formatting that were used in the discussion – if applicable.