Putting a Number on it: Let's Value Your Audiology Practice (.1 CEUs)
Recorded On: 04/16/2014
Duration: 1 hour
Presenter: Gretchen A. Magee, AuD
CEUs: .1 CEUs
Who Should Attend: Those seeking to gain familiarity with the process of valuing a private practice. Key indicators will be discussed for defining quality growth factors in a practice and potential risks for degrading potential earnings.
Instructional Level: Introductory
Program Focus: Knowledge
Upon completion, each participant in the eAudiology Web seminar will be able to:
1. Identify and understand quality features in a practice
2. Apply basic computations to determine the overall value of a practice
3. Identify key risks a potential buyer/investor will assume and take action to reduce those risks and maximize value.
4. Align expectations for a future sale more closely with market realities
Show me the money! Are you considering buying, selling or expanding an audiology private practice? Learn how to treat your practice like an investment rather than just a career and put yourself in the driver's seat for identifying key quality characteristics of your practice that are building your bottom line. Identify the potential risks to your profits and business growth while applying your information to basic value computations. Our time will focus on actions an audiology or hearing care practice owner can take in years leading up to a sale in order to build potential assets.
Gretchen A. Magee, AuD is a current member of the Business Enhancement Strategies and Techniques (BEST) Committee for the American Academy of Audiology. She is a clinical audiologist and private practice owner at Better Hearing and Balance Connection in Bella Vista, AR, where she is active in all aspects of private practice management. Her service to the profession includes work in the community and membership with various professional organizations including the Arkansas Academy of Audiology.