According to a National Council for Behavioral Health report, an estimated 56 percent of people with mental illness do not receive treatment. The report also states that the lack of access to mental health services cost the U.S. economy $193 billion in lost earnings in 2010.
Mental health professionals have long been advocating for increased access to mental health services. And while there has been some progress made, there is still much work to be done.
One way to improve access to mental health services is by increasing the number of mental health practitioners. However, this will require additional funding. One way to finance the sale of a mental health practice is by seeking investors.
Another way to financing the sale of mental health practice is by seeking grants or loans from the government or private entities.
Get the most out of your mental health practice sale with these tips:
Financing the sale of a mental health practice can be difficult. There are a few key things to remember when seeking funding for your practice sale. The first step is to identify the potential buyers for your practice. Once you have a list of potential buyers, you need to research their financial status and ability to finance the purchase of your practice.
You will also want to get an idea of what the market value is for your type of mental health practice. This information will help you determine how much you will need to finance the sale. You can seek out private investors or borrow money from a bank or other lending institution.
Whatever route you choose, make sure you are well prepared and have all the necessary paperwork in order.
Don’t get taken advantage of when financing the sale of mental health practice:
When you’re finally ready to sell your veterinary practice, it’s important to be aware of the possible pitfalls that could occur during the process. Veterinary practices are often a family’s livelihood, and it’s crucial to ensure that you receive a fair price and are treated with respect by the buyer.
Some buyers may attempt to take advantage of sellers by lowballing them on the price or trying to get extra services or products included in the deal. It’s important to be adamant about what you want and don’t want in negotiations.
If possible, have an attorney or another advisor look over any contracts before signing them in order to ensure that you’re getting a good deal. Selling a veterinary practice can be complicated, but following these tips should help make it go as smoothly as possible.