The HPS Practice Profile Includes A Quality Of Earnings Report On The Practice That Is The “Gold Standard” Of Comprehensiveness. If A Buyer Requires 100 Metrics In Order To Evaluate A Practice, HPS Provides 200. The Profile Also Includes A Customized Growth Plan For The Individual Practice That A Buyer Can Use As A Guide To Achieve Their Desired ROI. No Other Quality Of Earnings Report Offers A Plan For Growth.
If a buyer needs 100 metrics on a practice in order to evaluate the practice for purchase, HPS provides 200. Buyers know that the HPS practice profile is comprehensive and that the profile is “deal ready”. They know that they will not have to perform additional work (in terms of due diligence) as they have all of the metrics (data) needed in the completed profile in order to decide whether to buy.
Buyers will not usually review profiles created by the average broker. If a buyer requires 100 metrics on a practice in order to evaluate it for purchase, a normal broker may provide 40. Buyers will not review those profiles because buyers do not have the time (or interest) in chasing a broker/Doctor for the other 60 metrics. Buyers know that the profiles created by HPS are “deal ready” and are “above and beyond” in terms of their thoroughness.
The HPS profile also contains a growth plan that provides a road map for the buyer to achieve their desired ROI post sale. The growth plan is customized for the practice, for the area and for the practice discipline. The quality of earnings report provides a prospective buyer with a snapshot of the current state of the practice and the growth plan provides a step by step plan on how to achieve their desired ROI post sale.
Buyers are paying a higher multiple because they are paying for not only what has been created (as evidenced by the quality of earnings report) but also for the potential for growth of the practice (outlined by the growth plan).
Every Growth Plan Is Customized For The Practice, The Area, The Discipline et al. To Achieve The ROI Desired By The Buyer. Increases In Revenue Are Achieved Primarily Through Ancillaries And Not Through Increasing The Workload Of The Practitioner.
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