Setting Up a New Location? Tips for Leasing or Buying

Join Plastic Surgery Practice Co-Chief Editors Alison Werner and Keri Stephens as they talk to Kerry Cahill, Esq., a lawyer at Westfield, N.J.-based Lindabury, McCormick, Estabrook & Cooper, who specializes in healthcare and frequently works with private-practice physicians. In this podcast, Cahill reveals how plastic surgery practices can maximize their profits, with regards to property leasing and/or purchasing as well as risk mitigation.
 
To start, Cahill shares what metrics she uses when helping clients decide whether to lease or buy a practice, as well as what pitfalls leasers, in particular, should avert. She also discloses what practice owners should know before they attempt to negotiate a lease. And for the plastic surgeons who want to buy a practice, Cahill reveals the red flags they should avoid. In other words, buyer beware. 
 
Finally, Cahill divulges the keys to negotiating a competitive contract and why practice owners should never rush a contract and/or closing date. She also shares how often financially savvy practice owners should review their risk mitigation policies.