Going national to connect private practitioners across the country.
After focusing on practices in the NY area, Iris Kimberg, MS PT OTR, a private practice consultant with over 40 years in the industry is now helping therapists across the country connect with each other to sublet office space, sell therapy equipment and help find the most qualified buyers for all types of physical, occupational and speech therapy private practices across the country. Whether you are a solo sports medicine practitioner, a multi state provider, or own a pediatric sensory gym, whether you are ready to retire and pass the torch along, or have grown your practice as far as you can or want to, this is the place to find out the who, what, where and how to go about the process of selling your practice, or buying someone else's. Listings in all categories are $75 and will stay live for 75 days.
NOW available: Get the recorded including the Q/A and a hard copy of the powerpoint. 24/7/365 access available.
SELLING YOUR PRIVATE PRACTICE - EVERYTHING YOU NEED TO
KNOW TO GET THE DEAL DONE!
Join us for 2 LIVE WEBINARS
May 9th 7:00-9:30 PM -Independent Contractors vs. Employees
June 6th 7:00-9:30 PM EST -Legal and Ethical Issues Facing Private Practitioners
Why these webinars???
- I didn't know is not a valid defense!
-Clarity is NOT the typical adjective describing the law
-The longer you practice, the bigger you grow,
the more out of the box you get, the greater your risk
- Let’s be clear – there are things you should always do,
never do, and others you don’t have to do!
Live Webinar June 6th – 7-9:30 PM
Legal and Ethical Considerations in Private Practice- What You Need to Know
Consider these Now What moments???
You signed a non compete but want to start your practice now…
You designed an innovative exercise program as an employee, but want to market it on your own…
You want to bring in a non therapist partner to help you grow…
Your marketer wants a percentage of the revenue from each patient
The new practice in town has a name very similar to yours…
Your doors are open but your HIPAA plan of compliance is not in place
You dream of one day selling your practice, or leaving it to your children…
The Corporate Practice Act – what we need to know about it and how it impacts legal structures for practices regardless of the state you practice in
Issues regarding hiring like and unlike professionals
Important contract clauses and what they really mean – non disclosure, non compete, non solicitation
Understanding your malpractice and general liability insurance policies especially when providing non direct complementary services outside of the realm of your state practice act
Considerations when starting secondary revenue streams including offering product sales, running groups
Legal considerations to know when establishing a marketing plan including FTC rules on logos, testimonials etc
What is intellectual property and why should it concern therapists?
When does copyrights begin and when are you giving up the rights to your material ?
What is the difference between a trademark and a service mark and should you get one??
Upon completion, you will be eligible to receive a certificate of participation for 2.5 contact hours , and will have access to the webinar forever. You will be able to access the recorded webinar anytime 24/7/365! This material is NOT state specific and relevant to PTs OTs and STs.
* This webinar will be presented on GotoMeetings and can be accessed on your computer, tablet or cell phone. It is presented by Iris Kimberg, MS PT OTR. ( Iris is not an attorney, and does not play one on TV!) and has been presented by her to the Private Practice Section of the APTA. This webinar does not replace individual consultation with an attorney, but will give you to have a good foundation about issues you should be aware of, and enable you to have a more meaningful dialogue with your attorney if consulting one becomes necessary. It is intended to provide basic information so that you can become informed about issues, and be an active participant when consulting with professionals. The information presented is intended for educational and informational purposes services only and does not replace consultations with a lawyer or other professional.
Early rate registration $85 until May 1, 2019.
1o5 Hudson Street Suite 11N NYC 10013
New Paltz NY 12561
Bokeelia Florida 339922
for In person consultations, I spend seasonal time at all locations listed above. I do most of my work via telephone, email, skype or go to meetings.
visit our sister site: www.NYTHERAPYGUIDE.COM
845 430 7749
Whether you are a practice owner who hires therapists, a therapist who is hired by a private practice, a home care agency, or hospital, or a therapist who holds themselves out to the public as an independent contractor, understanding what these classifications really mean is vital and has important ramifications for both parties. It is time to take this issue out of the gray matter and separate fact from fiction. UBER has brought the matter of worker classification to the forefront in the last year but therapists have been dealing with this issue for 20 years!!
This issue will be presented in detail from all perspectives as far as therapists are concerned, and from the vantage point of the Internal Revenue Service and the Labor Department, regardless of what state you live in. The onus, and all potential risk is on practice owners to properly classify the therapists and all personnel correctly – so lets get this right! Samples of actual audits on therapy practices will be reviewed. The webinar will be presented on GoToMeetings and can be accessed from your computer, tablet or cell phone.
1) Understand the specific criteria used to determine whether a therapist should be deemed an employee or an independent contractor
2) Understand the rule of “Substance over Form “ application – why the substance of what a therapist does is far more important than the contract they sign!
3) Find out the specifics of what you can do to protect yourself if:
a. you want to classify a therapist as an IC
b. you want to classify some therapists as employees and some as ICs
4) Find out how to “clean” up your worker classifications before an audit
5) Find out what to do if you think you are being misclassified
6) Ten steps to follow if you want to hold yourself out as an Independent Contractor
All participants will receive a template for an IC agreement.
Upon request, you can receive a certificate of participation if you take the post webinar quiz. The price includes a link to the recording available 24/7/365 plus a hard copy of the powerpoint and a one page handout.
** This webinar, presented by Iris Kimberg, MS PT OTR. is intended for educational and informational purposes services only and does not replace consultations with an attorney. (Iris survived and won a 12 year battle with the NYS Labor Department on this very issue!) Iris has presented this webinar over 8 times to over 600 therapists from 37 states and has also presented this topic for the PPS of the APTA.
Early rate registration until April 9.
2019 Opportunity Listings plus
Helpful Products and Templates for Sale
Practices for sale -
NJ - Middle Sex County - Adult Private Practice for sale due to retirement of
owner - for details, click here
Manhattan based highly regarded Medicare Part B Home Care Physical Therapy Practice is available for sale. This is a GREAT opportunity for an existing PT practice looking to establish a home care division, an experienced therapist looking for a firm foundation upon which to move to home care, or an expanding PT group wanting to increase market share. For details,click here
A very well established, highly regarded PT private practice in Central Nassau County is available for sale. This is a great opportunity to purchase a thriving practice or establish a second location. For details, click here
allocation of purchase price
Contrary to what you may think, negotiations are NOT over once you find a suitable and qualified buyer and then agree on an ask price. Here is the information about what you need to know when you negotiate the allocation of the purchase price so that it is to your best tax advantage. For details and to purchase
Sublet AND Employment opportunities-
Immediate Opportunity to work in a Fabulous Private PT Practice in Asheville, NC
For details, click here
Premier Pediatric OT Practice in NJ has an opening. For details, click here
Per Diem OT Job Opportunity- Matawan New Jersey
Top Tier Care LLC, a well established and highly regarded private rehab agency owned by an OT has an immediate part time opening in an Adult Dayhab Facility. Currently there are 2 patients needing services but that number is expected to increase. Make your own schedule and fee for service is competitive.
For more info – call 732-994-5088 x102 Or email/fax resume to:
firstname.lastname@example.org / fax 732 358 0312
CONFIDENTIALITY and Non Disclosure Form
Prior to any discussions about a practice sale/merger/or strategic partnership, it is important to have this form in place. This is downloadable and editable. $15 For details and To purchase
FORMULARIZED SPREAD SHEET
STRUCTURED BUY IN
For therapists considering structuring a practice sale as a structured buy in, this tool will help you determine suitable buy in schedules based on down payments and monthly payments. $35 For details and to purchase
PRACTICE VALUATION Tool
This formulized Excel spread is an easy way to start measuring your company’s potential value by determining your Adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization. $75 For details and to purchase
GET YOUR LISTING FRONT AND CENTER to your targeted therapist audience.
Post your practice sale, sublet opportunity, equipment for sale, continuing education offering or product right here for $75 for 60 days. OR let Iris send out a targeted and exclusive eblast to her data base of over 12,500 PTs OTs and STs. Fee is $350 and includes help with the write up. For $100, you can also have it posted here, on NYTHERAPYGUIDE.com as well as 10 plus relevant Facebook and 10 plus LinkedIn groups. For info: email@example.com
Questions about Selling Your Practice or Buying Someone Else's
Iris has been involved in helping over 36 private practices sell their entities in New York City and New York State, New Jersey, Connecticut, Florida, California, Oregon, Illinois, Colorado, North Carolina, and Alabama. Iris has assisted in practice valuations to determine realistic ask prices, developed discreet marketing plans to announce practice sales, and has acted as an intermediary in negotiations and bringing a sale to a successful conclusion. Many times potential buyers of practices reach out to Iris to help evaluate whether a practice is a good fit, or worth the ask price. Consultation fees start as $200 per hour pro-rated with no minimum or maximum time commitment and a simple one page agreement. For information on how we might be able to work together, please feel free to email me in confidence at firstname.lastname@example.org or fill out the form below. I look forward to hearing from you and potentially working together.