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Succession Planning

Balance future aspirations with long-term practice sustainability.

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Thrive with thoughtful, expert-led succession planning.

If you’re a full-time physician owner, you’ve likely considered how you will successfully and seamlessly transition out of the practice to retire. Solo practitioners have different considerations than group practices, like who will continue to provide care for your patients, what will happen to your staff, and whether any financial opportunities exist for the business you’ve worked so hard to build. For group practices, leadership may worry about consolidation and how to best structure the organization for stability over the next 5–10 years. 

Our team of experts can help you identify the best options for your unique situation and successfully design and implement an effective succession plan that results in a positive outcome. Whether you specialize in ophthalmology, aesthetic medicine, dermatology, or plastic surgery, or have an ambulatory surgery center (ASC) our team can assist with your future and that of your organization.

Ease worries by planning ahead with us.

It's important to think ahead to protect practice longevity in a fluid market. Physicians who put a thoughtful, strategy-based plan in place are more likely to find peace of mind and accomplish their transitional goals. 

Succession planning is crucial for successful financial and operational outcomes for those considering retirement, semi-retirement, affiliation with other groups, or career transitions. Beyond achieving good personal outcomes, these plans ensure the long-term sustainability for the practice or ambulatory surgery center and its personnel.

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Strategic Planning

Create and execute a thoughtful plan for short- and long-term physician owner goals. DISCOVER

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Operational Considerations

Receive advice on business transactions, practice operations, and human resources to find the best solution for long-term viability.

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Exit Strategies

Strategy on negotiation among group partners, strategic alliances with other medical practices, compensation alternatives for transitions from full-time to part-time schedules, or affiliation with private equity firms.

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Leadership Training & Coaching

Determine a training plan for physicians and administrative staff to ensure they have the skills and resources they need to continue to thrive upon your departure. DISCOVER

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Recruitment Support

Work with our team on the assessment, candidate sourcing, interviewing, hiring, and onboarding to fill any gaps in leadership upon your departure. DISCOVER

"We often get calls from doctors that are looking for succession planning over a period of years or relatively soon. We help them identify their options, what are the best options for them, and we can help them pursue the best options for their particular situation."

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Derek Preece, Former Senior Consultant

BSM Consulting

Schedule an initial complimentary consultation.

Sometimes it's helpful to talk things through. A complimentary consultation with a member of our succession planning team provides an opportunity to discuss specific needs and mutually identify the ideal level of support. Since every engagement is unique, an initial consultation can help build a scope of work tailored to practice needs.

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Survive to Thrive: Strategic Succession Planning

Survive to Thrive: Strategic Succession Planning

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