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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 13201
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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I have been practicing cardiology for the past 30 years. Recently

Customer Question

I have been practicing cardiology for the past 30 years. Recently the reimbursements for many of the procedures have taken a severe cut. However, the hospital reimbursement is still quite high. As such the hospital has contacted me if I would like to participate in one of their programs. Of either selling the practice to them, or some other deal were I control the practice but they do the billing.

I don't know how to value the practice in the event I would taking either option . They've asked me to compare what other hospitals we'll offer me, so they can make a competitive offer. I don't know where to start to contact other hospitals.

I practice is located in Brooklyn, New York
Submitted: 1 year ago.
Category: Tax
Expert:  Megan C replied 1 year ago.

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

How are you today?

MyVirtualCPA :

To start with your business valuation, I would contact a CPA with an ABV credential as well

MyVirtualCPA :

These are professionals who possess the knowledge to value your business. This is not something you should attempt on your own

MyVirtualCPA :

You can find one in your state by visiting this website: http://www.aicpa.org/ForThePublic/FindACPA/Pages/Find-an-ABV.aspx

MyVirtualCPA :

Is there anything else that I can assist you with today? If not, please rate my response as "excellent" so that I may receive credit for assisting you today

Expert:  Megan C replied 1 year ago.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information.

What happens now?

If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Expert:  Megan C replied 1 year ago.
I seen where you were having trouble in chat mode so I switched it to this format. If you have a follow up question please ask it here.

Thank you

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