Practice Ownership Tools

Resources and tools to assist in the development and lifecycle of your practice.

Managing the Practice Lifecycle

Income Distribution and Partner Buy-Ins

This Guide addresses two complex and related practice issues that impact individual physician finances - Physician compensation formulas and Partner buy-in arrangements. The Guide is only available to ACP members and requires a login.

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Physician Enrollment Chain and Ownership System (PECOS) FAQs

This booklet from the Medicare Learning Network (MLN) provides basic information and resources to help with your Medicare enrollment application.

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Buying or Selling a Practice

Buying or selling your practice is one of the most important decisions you make in your career. Unfortunately, they didn't teach this course in medical school. ACP has provided this Guide as an overview of the issues and resources available to you as you consider this decision. This Guide is only available to ACP members and requires a login.

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Closing a Practice Checklist

There comes a time when you may consider closing your practice. At that point certain things need to be done to ensure a smooth transition for you and your patients. This Checklist, available only to ACP members, will take you through the necessary steps as you move through the process.

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Physician Employment Contract

This Guide discusses the selection and employment contracting process that follows the identification of a suitable opportunity. It is intended to assist both individual physicians seeking employment and physician groups recruiting a physician. This Guide is available only to ACP members and requires a login.

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Ethical and Professionalism Implications of Physician Employment and Health Care Business Practices: An American College of Physicians Policy Paper

This ACP policy paper lays out a framework that addresses the impact that business practices, employment terms and contracts can have on ethics and professionalism, including the patient-physician relationship.

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Starting a Practice

This ACP guide provides an overview of what is involved in opening a new practice. It covers resources available to assist you along the way, including relevant ACP practical guides and management tools.

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Can't find what you need? Contact ACP's Department of Medical Practice