The baby boomer phenomenon affects physician practices, as more physicians reach retirement age. To continue to thrive, cardiovascular group practices must anticipate and prepare for new physicians to succeed those who plan to retire in the near term. CFA assists practices in successfully addressing critical succession planning issues, including:
- Group profile/capabilities appraisal
- Physician leadership cultivation
- Strategic positioning/physician needs assessment
- Financial opportunity analysis and compensation issues
- Other retirement planning considerations
- Recruitment assistance/negotiations
Competent, detailed succession planning can help to ensure the ongoing financial and professional foundation for success well into the future