PMOD29 - What Was Learned when a Practice Instantly Imploded: How to Prevent it from Happening to You

In the blink of an eye, it could all change: a pandemic, a long-term or terminal illness, divorce, fire. It can happen in a practice and, unfortunately, there are always two common denominators that turn a life-changing event into a virtual tornado: the practice owners never anticipated it and did not have a contingency plan. If one is unprepared, a catastrophic event has the power to bring down an entire practice. This session will discuss what should be included in "what if" strategies in the event of a catastrophe, steps that need to be taken if the practice can or cannot reopen after a sudden disaster, preparing for life insurance trusts, following Locum Tenens rules and more.