What are 500 Dental Patient Records Worth?

The economy has been tough on a lot of offices here in Las Vegas. I just got a call from a nearby office and the doctor is closing down his practice due to the bad economy here in Vegas. He wanted to know if I would like to buy their patient records. He said that he has 500 patients, 70% of them are insured, and he has collected 288,000 in the past year. I have no idea what 500 patients are worth or how many we would lose in the transfer. Anyone have ideas on how to put a value on these patients? Is this a good idea?

20% of collections from those patients for each of the next two years.

This first appeared on Dentaltown.

Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com

For more information or to sign up for our newsletter, please contact info@dentalcpas.com
Follow us on TwitterFacebook and Pinterest