Succession Planning

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Securing the Future of Your Healthcare Organization

VMG Health knows that physician owners must carefully plan for a successful and seamless transition when they leave or retire from their practice. You must consider who will continue to provide care for patients, what will happen to staff, and whether any financial opportunities exist. For group practices, leadership may worry about consolidation and how best to structure the organization for stability over the next 5–10 years.

VMG Health’s team of experts will support and guide you toward the ideal future for yourself and your organization, whether you specialize in ophthalmology, aesthetic medicine, plastic surgery, or operate an ambulatory surgery center. 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 excellent personal outcomes, these plans ensure the long-term sustainability for the practice or ambulatory surgery center and its personnel.

Strategic Planning: Create and execute a thoughtful plan for your short- and long-term physician owner goals.
Operational Considerations: Receive advice on business transactions, practice operations, and human resources to find the best solution for long-term viability.
Exit Strategies: Develop a strategy for 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.
Leadership Training & Coaching: Develop a training plan for physicians and administrative staff to ensure they have the skills and resources to thrive after your departure.
Recruitment Support: Work with our team on assessment, candidate sourcing, interviewing, hiring, and onboarding to fill any leadership gaps after your departure.

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.
– Derek Preece, Former Senior Consultant

VMG Health understands that succession planning is more than just preparing for the unexpected; it’s about strategically developing talent to sustain and grow your organization. Contact our experts for tailored succession planning services that meet your specific needs and position you to achieve your strategic objectives.