Rounds NEWS FROM AMERICA’S BEST MEDICAL SOCIETY
New TMA white paper addresses medical practice valuation
Traditionally, the sales price — or value — of a medical practice depends on the clinical specialty, the operating costs of the enterprise, and certain performance metrics. Likewise, valuation experts generally agree on a practice’s valuation model and the pricing. The current systemic changes in the health care environment, however, have
spurred John G. Nackel, PhD, to challenge the traditional model and propose a new one. This new valuation model identifies the upside potential of physicians practicing in an accountable care organization (ACO)-type environment that values building long-term patient-physician relationships, more patient interaction, preven- tive medicine, and better management of the care environment and of testing and treatment protocols. Dr. Nackel believes physicians are undervaluing their practices in the changing
market and need to understand their value as they develop their future business strategies. Read Dr. Nackel’s white paper, “Valuing a Medical Practice: Now Worth More Than Ever!” at
www.texmed.org/practicevalue, and check out the January 2014 issue of Texas Medicine for more on the topic. The Texas Medical Association established the Physician Services Organization
(PSO) last year to deliver doctors the survival tools they need to provide demon- strably better and more efficient patient care and compete in today’s health care marketplace. For more information, visit
www.texmed.org/tmapso. In his 35 years of experience advising health care organizations (payers, phy- sicians, and life science companies), entrepreneurs, and emerging businesses, Dr. Nackel has earned a reputation as one of the industry’s foremost performance im- provement and governance experts. He founded Three-Sixty Advisory Group, LLC, a business accelerator, in 2007 to help emerging health care services and medical tech- nology companies address growth, performance, and capital challenges. Dr. Nackel is a consultant to TMA’s PSO.
editor since 2007. Before joining TMA, she served in editor roles for the Austin Business Journal and A Magazine, and worked for Hobsons — a publisher of education materials — and several other magazines. “We’re excited about the new energy and ideas Crystal will bring to this po- sition,” said Steve Levine, TMA’s vice president of communications. “This is, and has been, an outstanding magazine. It’s critical that we always strive to pro- vide Texas physicians with the news and information they need, when they need it, and how they want to read it.” Ms. Zuzek received her bachelor of journalism degree from the University of Missouri’s Columbia School of Jour- nalism in 2001. She replaces Larry BeSaw, who re-
tired from TMA in December after 15 years of service as Texas Medicine’s editor and director of physician publications.
House of Delegates to vote on TMA amendments
The TMA House of Delegates will vote on final approval of these TMA constitu- tional amendments at TexMed 2014 in May. Delegates approved them on first reading in 2013.
TMA names Zuzek Texas Medicine editor
TMA has named Crystal Zuzek editor of Texas Medicine magazine and director of the Physician Publication Department. Ms. Zuzek will oversee content and publication of TMA’s monthly magazine, as well as the e-newsletter Action and other communica- tions to physician members of America’s largest state medical society. This is a promotion for Ms. Zuzek, who has been a Texas Medicine associate
Amend Constitution Article III, COM- POSITION, Section 1, as follows:
Sec. 1. This association shall be com- posed of members of duly and constitu- tionally chartered county medical soci-
March 2014 TEXAS MEDICINE 7
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