In past newsletters we have discussed what types of companies provide Inventory and Appraisal Services (I&A). This month’s newsletter will highlight who (people/business) uses I&A services. There are many different groups who need Inventory and Appraisal services for their capital equipment.
Health System V.P. of Finance: use I&A for acquiring physician practices, imaging center, ASC’s etc. so the health system understands what assets are being acquired and the value of each asset. VP’s also utilize I&A for auditing current inventory and reconciling assets ledgers. Capital assets should be audited and reconciled every few years.
Health System Dir. Materials Management/Purchasing: use I&A for physician practice acquisitions. In addition, DMMs use Inventory/Appraisal services to evaluate equipment scheduled to be upgraded. DMMs must weigh OEM trade in offers vs. secondary market value to maximize return on surplus equipment. I&A companies identify values to help directors make informed decisions on capital assets.
Private practice physicians: use I&A services to facilitate new partnerships with other doctors, negotiate buyouts of old partnerships. I&A services can even be used in cases of divorce where the physician must identify the value of assets as part of the dissolution process.
Insurance Companies: use I&A services when physicians or healthcare offices are filing for new or renewing current insurance policies to better understand the liability involved in the practice.
Business Valuation Firms: use I&A services for healthcare specific projects. Business valuation firms may not specialize in healthcare and need healthcare I&A professionals to evaluate hard assets when reviewing a healthcare business.
CPA Firms: use I&A services to reconcile balance sheets and determine tax liability & depreciation of assets located in properties.
Financial Institutions: use I&A services to identify equity in healthcare firms that are looking to establish credit lines, refinance or expand current business operations.
Capital Equipment Valuation Firms provide comprehensive services to help clients identify hard assets while outlining details associated with demographics & fair market values.
Recent Inventory and Appraisal projects completed by MRG:
- OBGYN Practice move, Central MI.
- Orthopedic Practice acquisition, OH.
- Family Practice acquisition, MI.
- 2 location Surgical Practice acquisition and buyout, OH.
- Cardiovascular Practice assessment, MI
Manage Resource Group, Inc. signs two new Group Purchasing Organization (GPO) service agreements. Details will be outlined in next month’s newsletter.