A Marketplace for Private Practice Physicians
We believe that private practice is a cornerstone of the US healthcare delivery system and should be preserved.
Healthcare is NOT all about profits! It's primarirly about patients, doctors and work environment. Private practices create profitable, healthy environments where teams unite to provide quality care to the patients we grow to think of as friends and family.
The ASC Group created a marketplace to introduce recent fellowship graduates who have entrepreneurial ambitions to the thousands of older physicians who are aiming at retirement. We help debt strapped new doctors gain access to a thriving practice where the retiring physician assists in a transition that greatly enhances the chances of success for younger physicians, while receiving payment for his/her life's work.
Best of all, we keep private practices in the hands of physicians. continuing this vital piece of healthcare delivery in the US.
Hear what Dr. Kelly Kenney of the Physicians Advocacy Institute has to say about private equity in medicine.
Through our efforts, older doctors win, younger doctors win and patients win because we are all helping to keep this vital part of healthcare strong!
RETIRING PHYSICIANS
Private practice physicians spend a lifetime building thriving small medical practices. They remain small because they like the control of their practice and their lives.
Most of smaller practices close when the departing doctor(s) retire. We think this is a loss:
a loss to the retiring physicians as they have built something of value that they will not be properly rewarded for
a loss to society as another small element of quality healthcare for patients is gone.
When we take on an assignment, establish a fiduciary relationship with private practice physicians who are selling their practice/ASC and/or medical real estate.
We know private equity, hospitals, competitor practices along with our proprietary network of over 14,000 physicians. Our unique approach allows us to put your business in front of a broad, diverse group of targets, giving you a chance to review selling to a variety of entities. each with its own set of strengths and hazards.
YOUNGER PHYSICIANS
In a recent Medscape report 47% of physicians showed signs of burnout. When digging deeper into the report, the group showing the least stress were office-based solo practitioners.
Why? medicine is turning into more of a business than it used to be. Physicians are bureaucratically limited in the amount of time they can spend with each patient, accountable to non-physician managers and completing bureaucratic tasks.
Young docs are debt strapped and need a steady paycheck. They are moving to institutional medicine because they perceive they have few options.
The ASC Group has created a marketplace where you can review successful small practice looking for younger physicians who want to become owners. We help navigate a deal where you get the mentorship, patient base and community introductions you need to succeed in private practice while working with us to uncover financing options for your acquisition.