Avoid Common Mistakes
 

Questions for Dr. Stern

About Your Urgent Care Center

68. Is there an established method of valuing an Urgent Care business for the purchase of a purchase/acquisition?  Is it a multiple of EBITDA as is typical in other healthcare entities or some other method? Any help you can offer would be greatly appreciated.  I look forward to your response. 

Urgent care centers are often valued, just like many other businesses, via a capitalization of historical earnings or cash flow method (often expressed as a “multiple of EBITDA”). Of course, one may need to make adjustments for inadequate or excess reserve accounts, intangibles, leases, extraordinary items and management compensation, etc.
Another method that could be used (but rarely is in real practice) may include discounted cash flow (based on value of cash flows that the urgent care can generate over its forecasted remaining useful life). I don’t believe there are any relevant publicly-traded companies or publicly available statistics on other urgent care sales to use for a comparison valuations (Guideline company multiples or Guideline company multiples).

Practice Velocity specializes in helping urgent care centers achieve peace-of-mind profitability through cutting-edge coding and billing software solutions. With over 500 urgent care centers in 42 states, Practice Velocity now serves more urgent care centers for charting and coding than all other systems combined.
Our experience tells us that, Practice Velocity will exceed your expectations with the:

  • fastest charting,
  • easiest implementation, and
  • most return on investment.

Satisfied urgent care colleagues are our number one source of new clients. We will work hard to transform you and your staff into another glowing reference for our products and support.

The owners of Practice Velocity also operate ten urgent care centers in Illinois and Oklahoma. We would be delighted to host your team for a full-day tour of our urgent care centers and software company. Over 300 urgent care professionals took advantage of tours of our urgent care operations last year. During the tour, we outline our entire operation, including:

  • Reception
  • Marketing
  • Site selection
  • Added services
  • Occupational medicine
  • Patient flow
  • Whatever else you wish to review

Feel free to call and schedule a visit to our urgent care headquarters (only one hour from O’Hare Airport). To schedule a software demo or to schedule a call to discuss your situation call 888-357-4209 and ask for Dana (ext. 2051).

 

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Call me today for help with starting your urgent care.

(888) 357-4209


David Stern, MD, CPC
CEO, Practice Velocity
Partner, Physicians Immediate Care
Board Member, Urgent Care      Association of America

Dr. Stern helped design the patent-pending Practice Velocity template (PiVoT) that is now used in over 240 urgent care centers. He is board certified in internal medicine and served as Chief Resident in Internal Medicine at Pennsylvania State University. Dr. Stern received his medical degree from Jefferson Medical College of Thomas Jefferson University after completing undergraduate studies at Houghton College in Houghton, NY. Dr. Stern serves on the Board of Directors of the Urgent Care Association of America (UCAOA). A Certified Professional Coder, Dr. Stern writes articles and presents at numerous national and regional conferences on topics, including medical charting, emr, medical coding and medical practice management. With additional partners of John Koehler, MD (CEO) and Terry Buzzard, MD (Regional Medical Director), they operate the urgent care consulting firm of National Med Network and the ten clinics (in Illinois and Oklahoma) of Physicians Immediate Care.

 

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Why Use Practice Velocity?

Pain-Free

  • Urgent care setup in 2 weeks
  • Simple Internet access
  • No retrofit for urgent care

Peace-of-Mind

  • Checklist urgent care coding
  • Compliant urgent care codes

Profitability

  • Get paid for what you do
  • Increase urgent care revenue
  • More center patients per hour