MAHAN’s Post

In estate planning, healthcare directives are essential for ensuring your medical wishes are respected, 𝗲𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗹𝘆 𝗶𝗻 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝘄𝗵𝗲𝗿𝗲 𝘆𝗼𝘂'𝗿𝗲 𝘂𝗻𝗮𝗯𝗹𝗲 𝘁𝗼 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗲 𝘁𝗵𝗲𝗺 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳. These legal documents provide clear instructions about your healthcare preferences, offering peace of mind to both you and your loved ones. - 𝗧𝘆𝗽𝗲𝘀 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲𝘀: The two main types are a Living Will, outlining the types of medical treatments you do or do not want, and a Healthcare Power of Attorney (POA), appointing someone to make decisions on your behalf. - 𝗖𝗹𝗮𝗿𝗶𝗳𝘆𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗪𝗶𝘀𝗵𝗲𝘀: Detailing your healthcare preferences, including decisions about life support, resuscitation, and pain management, can prevent your family from having to make these difficult decisions in a crisis. - 𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗥𝗲𝘃𝗶𝗲𝘄𝘀: Life changes, and so might your views on certain treatments or care options. Regularly reviewing and updating your directives ensures they always reflect your current wishes. - 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗞𝗲𝘆: Discussing your healthcare directives with family members and your designated POA ensures everyone understands your preferences, reducing potential conflicts or confusion in the future. Healthcare directives are an important part of a comprehensive estate plan. They safeguard your healthcare preferences and relieve your loved ones from the burden of guesswork during challenging times. ➡️ Our newsletter delivers essential insights, strategies, and updates on estate planning tailored to your needs. Subscribe today and take the first step towards peace of mind: https://bit.ly/3vunkPk #HealthcareDirectives #LivingWill #PowerOfAttorney #MedicalWishes #PeaceOfMind #AdvanceDirectives #EstatePlanning #TexasTrustLaw #TexasLaw #ElderLaw #TexasEstatePlanning #ElderLawAttorney

Most clinics I speak to are really underperforming, despite appearing to do quite well. And, actually, it doesn't take much to knock it into shape so that you are bringing in an EXTRA 5 - 6 figures annual income. That's why my fees will shortly be adjusted to reflect the significant return on investment you will enjoy. So, if you'd love to squeeze loads of extra profit out of your clinic business, it's quite a quick process - 90 days will easily do it. But if you're happy with the status quo, jolly good - namaste. If you know your clinic could be healthier, let's fix a few things and watch your practice quickly get fit and flourish! bit.ly/gillydiary

As sponsors continue to increase their focus on healthcare in general, and on healthcare providers in particular, we are seeing increased conflict and challenges in the relationship between the sponsor and physicians. Depending on the specific model in place (friendly shareholder, physician practice management, etc...) and the contractual relationship (employed physician, JV partner, board member, etc.), the challenges that can arise may be different but often can be mitigated with work from the sponsor early in the relationship. The key areas that we suggest focusing on are: How to motivate an entrepreneurial vs a “happy to be employed” physician – In most provider groups there is often a handful of physicians with an entrepreneurial streak.  It’s always important to identify those early in the process (personality scorecards can be helpful) and ensure that they have leadership roles, the ability to influence strategy or other roles where they can feel fulfilled. How to keep physicians happy if the deal isn’t performing as planned – In those situations where physician(s) rolled equity or have their compensation dependent on the overall performance of the asset, it’s important to be open with them about the performance misses and the plans to correct the issue.  The worst thing is to exacerbate the miss, by physicians electing to leave or not focus on revenue drivers. Need for Joint Practice Management Boards / Management Team touchpoints – Post transaction, the sharing of information often falls by the wayside, making members of the physician team feel disconnected from the business (and more likely to leave or not be motivated).  We always urge a communication schedule; including in-person meetings and standard reporting to allow the physician team to understand how the organization is performing. Do not over promise what physicians will see post transaction – Often new sponsors will do a “road show” with the physician providers in a business either pre or post-acquisition.  Too often these meetings result in the physician(s) feeling that the sponsor made promises; to drive value, spend on capex, hire additional staff, etc…  We would suggest working off a slide deck when highlighting your expectations for the relationship at these introductory meetings, creating a written record and alignment on both sides of the discussion. How to discuss the difference between EBITDA and compensation –  Post transaction, Compensation definitions often changes.  We suggest sponsors at first-time investor-owned assets spend a significant time at acquisition discussing this change, walking through various examples, and ensuring all physicians understand the change that will be occurring. To find out more about how Allenhurst Advisors can help navigate communication and relationships with physicians when a provider becomes investor-backed, please visit us at www.allenhurstadvisors.com or reach out to us info@allenhurstadvisors.com

Dreaming of launching your own practice but don’t know where to start? Silver Leaf Practice Management Solutions is here to guide you every step of the way. From setup to sustained growth, we’ll help you transform your vision into a thriving practice. Let’s build your future together: https://lnkd.in/gDHAba5t #HealthcareEntrepreneur #PrivatePractice #PracticeManagement

Most clinics I speak to are really underperforming, despite appearing to do quite well. And, actually, it doesn't take much to knock it into shape so that you are bringing in an EXTRA 5 - 6 figures annual income. That's why my fees will shortly be adjusted to reflect the significant return on investment you will enjoy. So, if you'd love to squeeze loads of extra profit out of your clinic business, it's quite a quick process - 90 days will easily do it. But if you're happy with the status quo, jolly good - namaste. If you know your clinic could be healthier, let's fix a few things and watch your practice quickly get fit and flourish! bit.ly/gillydiary

Most clinics I speak to are really underperforming, despite appearing to do quite well. And, actually, it doesn't take much to knock it into shape so that you are bringing in an EXTRA 5 - 6 figures annual income. That's why my fees will shortly be adjusted to reflect the significant return on investment you will enjoy. So, if you'd love to squeeze loads of extra profit out of your clinic business, it's quite a quick process - 90 days will easily do it. But if you're happy with the status quo, jolly good - namaste. If you know your clinic could be healthier, let's fix a few things and watch your practice quickly get fit and flourish! bit.ly/gillydiary

📑 Our latest analysis on private equity’s role in driving value creation within care homes is now available. As care homes face a notable decrease in support from local authorities, private equity emerges as a as a vital source of capital for meeting growing demand and facility upgrades.  How do private equity firms step in to support and capitalise on this sector? Can they strike a balance between delivering quality care and maximise returns through strategic growth? Dive into the full article here: https://lnkd.in/eSp2CrR4 A special shoutout to Yannis Loucopoulos, Founder and CEO of Tristone Capital; and Torsten Mack, Investment Director at Downing, for sharing their views with Actum Group. The article features additional research from Bain & Company, CareRight, Esmée Fairbairn Foundation, and the UK National Audit Office. #ActumGroup #ValueCreation #ValueLever #PrivateEquity #CareHomes #Healthcare 

🔑 Why Healthcare Directives Are Critical in Estate Planning When we talk about estate planning, most people think of wills, trusts, and managing financial assets. However, an often overlooked but crucial part of the process is including a healthcare directive (also known as a living will or advance directive). A healthcare directive allows you to specify your medical treatment preferences and appoint someone you trust to make decisions if you’re unable to do so. Without it, your loved ones may be forced to make difficult decisions during a highly emotional time, with no clear guidance on your wishes. Including a healthcare directive in your estate plan: ✔️ Ensures your medical care aligns with your personal values and desires. ✔️ Eases the burden on family members and reduces potential conflicts. ✔️ Provides peace of mind for both you and your loved ones, knowing your healthcare decisions are in trusted hands. Estate planning is about more than just financial security—it's about taking care of your future health and ensuring your family is prepared. Make sure your plan includes every critical detail. 🛡️ #EstatePlanning #HealthcareDirectives #LegacyPlanning #AdvanceDirectives #PeaceOfMind #FuturePlanning

Estate planning helps you and your family prepare for the future. Each week this month we will cover a different element of an estate plan that you should consider. Last week we covered your power of attorney and this week we will consider heath care directives. Your health care directive designates an advocate to handle your medical decisions in the event that you cannot make decisions yourself. You can establish a living will with instructions for your health care should you become incapacitated. You should also designate a health care proxy who will make medical decisions on your behalf if you become incapacitated. If you have any questions about estate planning, reach out to our office to learn more. #estateplanning #wealthmanagement #financialplanning

📊 **New Report Alert: Skyview Q2 Medical Office/Outpatient Industry Update** 💡Check out the full report here… #HealthcareRealEstate #MedicalOfficeBuildings #REITs #InvestmentInsights #InvestmentSales #Skyview