Volume 4 Issue 14, July 5, 2017 By Karen Zupko, BSJ; David E. Coit, Jr. DBA, CVA, CVGA, CMAA; and Tom Schramski, PhD, CMAA Specialty physicians typically have high-demand skills, possess great passion for their specialty, work ungodly hours, seek out the newest therapeutic developments, and do what they can to advance the standing of […]
Volume 4 Issue 15, July 18, 2017 By Tom Schramski, PhD, CMAA Nonprofit healthcare organizations are undergoing their most significant evolution of the past half century. At the core are fundamental dynamics that are changing the payment for their services in the future. Many nonprofit leaders have decided their hope lies in size and the […]
The M+A industry regularly reminds us that it’s tough to sell any business, including healthcare companies. Chris Sider of the Exit Planning Institute (EPI) recently estimated that only 20-30% of marketed businesses end up selling. BizBuySell’s 2017 national report suggests that only 20% of listings sold in 2016. Other investment banks and trade associations believe […]
After you’ve discovered that an employee has been stealing from your business, your initial reaction may be one of anger, shock, or dismay. Your second reaction will probably be: What should I do now? First Steps Often times, the first step should be to call a business attorney and then probably (depending on the terms […]
Volume 4 Issue 11, May 23, 2017 By Tom Schramski, PhD, CMAA and David E. Coit, Jr., DBA, CVA, CVGA, CMAA The valuation model for healthcare businesses is evolving as quickly as the healthcare marketplace itself. While multiples of adjusted EBITDA (eaarnings before interest, taxes, depreciation and amortization) remain a standard for a quick-and-dirty analysis, […]
Worried About Losses Due to Theft? Look at Your Employees First Often businesses are concerned about the loss of revenue from the occasional shoplifter or burglary. Although both situations can cause financial damage to a business, most losses due to this type of theft comprise a small percentage of losses a business will incur. Instead, […]
Matthew Harrison As was outlined in part one of my book review, I am frequently asked about my recommendations for inspirational books for business success and personal finance. My first recommendation is often for a book that was first published over 85 years ago – The Richest Man in Babylon by George S. Clason. You […]
The Internet is Forever Posted on April 20, 2017 by Matthew Harrison Practical Guidelines For Employers Involving Employees and Prospective Employees Over the course of the last year, especially during the most recent election cycle, the airwaves have been inundated with news of individuals caught in one scandal after another involving their use of the Internet and various […]
A Small-Town Mechanic’s Wisdom Posted on March 21, 2017 by Matthew Harrison I was raised in a small city with a population of less than 15,000. For most of my childhood, it was literally a “one stoplight town” that had eventually graduated to three by the time I left for college. Growing up in a small town certainly […]
THE IMPORTANCE OF A COMMON NARRATIVE Posted on December 20, 2016 by Matthew Harrison As a business attorney, I am typically involved in legal issues involving corporations and those who create and own them. During my several years in practice, I have observed both successes and failures. A question I have often though is “what is the formula […]
Why Not? A Thanksgiving Business Story Posted on November 15, 2016 by Matthew Harrison From my experience representing companies and business owners, I often observe general themes that all successful businesses possess. It does not matter the type of business, whether is started in a garage or with investors, or the actual business experience the owners hold. Often […]
Unnecessary Sacrifices Posted on May 2, 2017 by Matthew Harrison In the current fast-paced world of business where communication is nearly instantaneous with the push of a button and where decisions need to be made quickly, I have often observed businesses languishing on the sidelines. The businesses are not languishing because they have a poor product, non-competitive pricing […]