I have been at my current practice for 1.5yrs as an associate and now I am considering a purchase of the practice. I was largely responsible for the transition from paper records + the highly dated Opto practice management system (MS DOS based system!) to Crystal PM. I have to interpret the two different types of financial reports from both Opto and Crystal. To get a general idea of a purchase price I am using 50-65% of "collections" on the Opto records, but I'm not sure which number to look at for actual collections in Crystal. Do I use the "Net Revenue" or "Receipts Totals"? The Receipts Totals is about 50k less than net revenue. Any other advice on valuing a practice using Crystal reports would be helpful!
Feel free to email me and I can help you sort out the financial info as it pertains to crystal PM. I believe the 50K difference can be explained with a bit more digging. I've done this many times in a sale situation if you need some help.