Exit readiness planning for orthopedic practices
Find out how ready the practice is for a new owner, and how ready you are to step back. Orthopedic Surgeon Planning introduces orthopedic surgeons to independent exit readiness professionals.
- Independent professionals
- Free introduction
- You decide who to hire
What is orthopedic practice exit readiness?
Exit readiness describes how prepared a practice and its owner are for a sale, succession, or other change of ownership. An exit readiness assessment typically reviews owner dependence, provider depth, records, contracts, compliance, facilities, and personal goals, then lists what to address first. Orthopedic Surgeon Planning introduces owners to independent professionals who assess readiness.
Readiness is about the practice and the person
Orthopedic practice exit readiness has two halves. The practice must be able to run without you and survive a buyer's review. You must be clear about timing, the role you want afterward, and what matters most to you in the outcome.
Orthopedic exit readiness depends on clean reporting and compliant structures. A buyer will review revenue by service line, the ancillary structure, ASC and real estate agreements, surgical coding, hospital contracts, and surgeon coverage. Groups with several surgeons who share call and referrals are generally easier to transfer.
Preparing a practice for sale or succession takes time, so an exit readiness assessment is often the first step. Pair it with a value driver assessment, and when you are ready, review selling your practice or succession planning.
What an exit readiness assessment typically reviews
Owner dependence
How much of the schedule, referrals, and reputation rely on you personally.
Provider depth
Whether other physicians or advanced practice providers can carry the patient load.
Records and reporting
Clean statements, payer reports, and documentation a buyer can review.
Contracts
Leases, payer contracts, employment agreements, and any assignment limits.
Exit readiness questions specific to orthopedics
Service line reporting
Can you show clinic, surgery, imaging, therapy, and DME revenue and volume separately?
Ancillary compliance
Are imaging, therapy, and DME documented within the in-office ancillary services exception?
ASC agreement
What does the ASC operating agreement say about transfers, buyouts, and a change of control?
Coding audits
Are surgical coding and global period audits current?
Frequently asked questions
What is an exit readiness assessment?
It is a structured review of how prepared a practice and its owner are for a change of ownership. It usually covers owner dependence, provider depth, records, contracts, compliance, facilities, and personal goals, and ends with a prioritized list of steps. It is different from a valuation, which estimates what the practice is worth.
What should be on an exit readiness checklist?
Typical items include several years of clean statements, current payer contracts, leases and assignment terms, provider and staff agreements, compliance documentation, an equipment list, a plan for records custody, and a clear view of your own timeline and goals. A professional can tailor the checklist to your practice.
How early should I assess exit readiness?
Many owners start three to five years before a planned exit. Some fixes, such as adding provider depth or renewing contracts, take time to show up in how buyers see the practice. An earlier assessment leaves room to act on the findings instead of accepting them as they are.
What do buyers review first in an orthopedic practice?
Buyers often start with revenue by service line, surgeon productivity and depth, ancillary compliance, ASC and real estate agreements, coding audits, and payer mix. Open compliance matters can slow or stop a deal. An exit readiness review helps you find and address these issues before a buyer does.
Is Orthopedic Surgeon Planning an exit planning firm?
No. Orthopedic Surgeon Planning is an introduction service. It does not assess, value, or broker practices. It connects practice owners with independent exit readiness professionals and healthcare attorneys. The professional you choose works for you directly, explains their own scope and fees up front, and is responsible for the work they deliver. You decide whether to hire them.
What does the introduction cost?
Nothing. Orthopedic Surgeon Planning does not charge physicians for the introduction. If you hire the professional, you pay them directly, and they explain their scope and fees up front. Orthopedic Surgeon Planning may receive compensation from partner businesses, as described in the site disclaimer. You are never obligated to hire anyone you meet.
More exit planning services
Exit Planning
How orthopedic practice owners plan an exit, from readiness and sale options to succession and transition.
Back to Exit Planning →Exit Readiness Planning
An honest look at how ready your practice, and you, are for a change of ownership.
Explore exit readiness →Selling Your Practice
How an orthopedic practice sale works, who may buy, and what to ask brokers and attorneys.
Explore selling your practice →Private Equity & Partnership Options
How private equity platforms, groups, and partnership structures work, and what to review before you engage.
Explore private equity options →Mergers & Acquisitions
How orthopedic practices combine, acquire, or join other practices, and what a deal team reviews.
Explore mergers & acquisitions →Succession & Partner Buy-In/Buy-Out
Planning a successor, a partner buy-in, or a buyout, with clear terms for everyone involved.
Explore succession & buy-ins →Practice Transition Support
Handing over patients, staff, records, and accounts smoothly after a change of ownership.
Explore transition support →Know how ready your practice is
Take a 2-minute Exit Readiness Check and request an introduction to an independent professional who works with orthopedic surgeons.
Take the 2-minute Exit Readiness Checkor call (972) 616-4581
Orthopedic Surgeon Planning is an introduction service connecting physicians with independent professionals. It does not value, broker, or buy practices. General education, not legal advice.
Please seek professional advice for your specific situation from an independent, qualified professional. View Disclaimer.
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