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Turning Around a Financially Distressed Practice: The Operational Review

Turning Around a Financially Distressed Practice: The Operational Review


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by Lawrence F. Wolper, M.B.A., C.M.C., FACMPE
This article describes how group practices can solve such operational and financial problems while retaining independence and strategic control of the practice. The strategy involves retaining a professional turnaround company with expertise in reestablishing the financial security of group practices.