What if I just Bring in Another Provider?
One of the most common ways healthcare providers begin to step back is by bringing in another doctor or provider to take over part of the workload.
On paper, it's a great solution. In practice, it requires careful execution.
Why This Strategy Works
Adding an associate or partner allows you to:
-
Reduce your workload gradually
-
Maintain patient continuity
-
Preserve (or even increase) practice value
-
Create a future buyer or successor
These benefits are why this is one of the most widely used approaches.
The Financial Reality (That Many Don't Expect)
Here's the part many providers underestimate: Year one is often financially tighter—not easier.
You're paying:
-
Salary or draw for the new provider
-
Overhead associated with their work
-
While simultaneously reducing your own production
It's common for the new provider not to fully “pay for themselves” in the first year.
Where Things Go Wrong
This model fails when:
-
Expectations aren't clearly communicated
-
The new provider isn't aligned with long-term goals
-
Referral relationships aren't intentionally transitioned
The lack of clarity and miscommunication issues are often what derails these plans.
How to Do It Right
-
Be explicit about your long-term timeline (partial vs. full retirement)
-
Gradually transition patient and referral relationships
-
Align compensation and expectations early
Need Help Creating a Workable Transition Plan?
West Coast Health Law Group can help ensure that bringing in another provider is not just another hire--it's careful succession planning moving toward an effective transition of your practice. We offer a FREE consultation with West Coast Health Law Group which you may schedule by clicking the button on our website.
Comments
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment