Physician Practice Acquisition Specialist

**Please note that previous experience in leading and owning the E2E process for physician practice acquisitions is required to be considered for this role**

**While this role is remote, significant travel will be required**

Why PsychPlus?

The current delivery model for mental health care is broken in this country. PsychPlus set out on a mission to reimagine how mental health care is delivered to folks who need it. Our goal is to provide a digital-first, modern approach to psychiatry and therapy. We provide care both in-person at our offices across Texas and virtually so our patients can be seen at their convenience.

Through a combination of exceptional medical and psychological care and best-in-class technology, we provide an unparalleled approach that serves our patients' needs in an integrated way. Join us in our mission to ensure that every person has access to affordable and accessible mental health care.

About The Role

As a Physician Practice Acquisition Advisor, you will play a pivotal role in identifying, evaluating, and leading the acquisition process for psychiatry and therapy practices across the United States. You will leverage your expertise in sales, healthcare administration, financial analysis, and strategic planning to facilitate successful acquisitions that align with our organization's objectives and growth strategies.

Responsibilities

Market Research and Identification:

• Conduct comprehensive market research to identify potential psychiatry and therapy practices for acquisition.
• Utilize various resources and networks to identify target practices, including databases, industry publications, and professional associations.
• Analyze market trends, competitor activity, and regulatory changes to inform acquisition strategies.

Assessment and Evaluation:

• Evaluate potential acquisition targets based on criteria such as financial performance, patient demographics, service offerings, and geographic location.
• Conduct due diligence activities, including financial analysis, legal review, and operational assessments, to assess the viability and compatibility of target practices.
• Collaborate with internal stakeholders, including legal, finance, and operations teams, to evaluate acquisition opportunities and mitigate risks.

Negotiation and Deal Structuring:

• Lead negotiations with practice owners and stakeholders to reach favorable terms and conditions for acquisition agreements.
• Develop creative deal structures that align with the needs and objectives of both parties, ensuring a mutually beneficial outcome.
• Coordinate with legal and financial advisors to draft and finalize acquisition documents, including letters of intent, purchase agreements, and transition plans.

Integration Planning and Execution:

• Develop comprehensive integration plans to facilitate a seamless transition post-acquisition.
• Coordinate with cross-functional teams to execute integration activities, including systems integration, staff onboarding, and patient communication.
• Monitor post-acquisition performance and address any issues or challenges that arise during the integration process.

Relationship Management:

• Cultivate strong relationships with practice owners, physicians, and key stakeholders throughout the acquisition process.
• Serve as the primary point of contact for acquisition candidates, providing guidance and support to ensure a positive experience.
• Act as a brand ambassador for our organization, promoting our values and commitment to quality care in all interactions.

Requirements

• Prior experience leading practice acquisition process end-to-end is required.
• Bachelor's degree in business administration, healthcare management, or related field (Master's degree preferred).
• Previous experience in healthcare mergers and acquisitions, with specific experience in physician practice acquisitions highly desirable.
• Strong financial acumen, with the ability to analyze financial statements, assess valuation metrics, and develop financial models.
• Excellent negotiation and communication skills, with the ability to build rapport and influence key stakeholders.
• Solid understanding of healthcare regulations, compliance requirements, and industry trends.
• Proven project management skills, with the ability to prioritize tasks, meet deadlines, and manage multiple projects simultaneously.
• Willingness to travel as needed to conduct site visits and meet with acquisition candidates.

Perks

Our goals are to find the best, attract the best, and offer a competitive salary—which is why we prioritize the quality of the hire over the number of hires. We offer zero-stress medical, dental, and vision coverage, competitive salaries, and a generous PTO policy. We are excited to tell you about a few "perks” we offer that are unique to Psychplus. We’ve spent time thinking through what it means to be a modern mental health company and how we can better align these additional perks with our mission and values.

Additional Information

The expected base pay for this role will be between US $120,000 – US $150,000 per year at the commencement of employment not including significant bonus component. However, base pay will be determined individually and impacted by location and years of experience. Further, base pay is only part of the total compensation package, which, depending on the position, may also include incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Psychplus Health-sponsored benefits.

So—what do you think?

If you’ve made it this far, well, we’re excited to meet you too. Just one more thing that we want you to remember: we pride ourselves on our meritocratic, performance-driven culture. We are a startup and move at the speed of light. You might be required to wear multiple hats at any given time. There’s no room for complacency. Your scope of responsibility and opportunity to make a difference will be uncapped at Psychplus, but we need your commitment that you will work tirelessly for our patients, parents, and partners. At the end of day, our team is committed to helping you succeed at Psychplus because when you succeed, our patients succeed, and we get one step closer to solving the mental health crisis. We’re hopeful that this role will give you the experience to go and do whatever you want in life but the fulfillment to make you never want to leave our team. We look forward to solving the mental health crisis together.

Please be cautious of potential recruitment fraud. If you are interested in exploring opportunities at Psychplus, please go directly to our Careers Page: https://psychplus.com/careers

Psychplus will never ask you to pay a fee or download software as part of the interview process with our company. In addition, Psychplus will not ask for your personal banking information until you have signed an offer of employment and completed onboarding paperwork that is provided by our People Operations team. All communications with Psychplus will only be sent from @psychplus.com email addresses. Legitimate emails will never originate from gmail.com, yahoo.com, or other commercial email services.

At Psychplus, we value being an Equal Opportunity Employer. We strive to cultivate an environment where individuals can be their authentic selves. Being an Equal Opportunity Employer means every member of our team feels as though they are supported and belong. We value diverse perspectives to help us provide accessible and affordable mental healthcare to every one of our patients.

Psychplus applicants are assessed solely on their qualifications for the role, without regard to disability or need for accommodation.