More practices are offering partnership buy-in opportunities to their new doctors these days, as the number of group practices continues to grow. However, automatically offering partnership status is a common transition mistake that can have devastating financial consequences. Here’s the criteria you need to critically evaluate a new doctor before offering partnership.

Recently, a long-time client called indicating he wanted to slow down and take more time off prior to retiring in about 10 years. He had recruited a new doctor to join his practice in order to help achieve this goal while maintaining practice collections.

Unfortunately, the senior doctor had promised automatic and immediate partnership to the new doctor, even before he walked through the door. Worse yet...