Succession Planning Guide for Members Released

Published in Orthotics & Prosthetics on February 01, 2022

Succession PlanningWe are excited to release our latest member-exclusive resource, “Succession Planning: Identifying What Is Next for Your Business and How to Make It Happen.” Members may download this guide in the members-only portal on vgm.com.

The past few years have brought unique issues to us in the home healthcare marketplace. If you could say anything positive about the COVID-19 pandemic and the associated tough operational obstacles, it might be that it required a lot of businesses to get better at accepting and acting upon the need for change and planning for the future. Succession planning is one step in planning for the future.

This guide is a toolkit to assist in the initial planning steps and procedures to transfer ownership of a business. The guide is made up of four parts, including a detailed guide on how to start to identify what is best for your business, a succession planning template, steps to write a succession plan, suggested steps to take to purchase a home healthcare supplier, and considerations to take when determining if an Employee Stock Ownership Program (ESOP) is right for your business. Download this resource today!


TAGS

  1. operations
  2. regulatory
  3. vgm government

From Our Experts

Locking the Digital Door to Risk: Proactive IT and Website Security Strategies to Protect Your Business thumbnail Locking the Digital Door to Risk: Proactive IT and Website Security Strategies to Protect Your Business With the increasing number of cyber threats and data breaches, it's important to take the necessary steps to protect your business from these risks. The PHE Is Over: What's Next? thumbnail The PHE Is Over: What's Next? In today's episode of Industry Matters, Mandi Joyner, Senior Director of Marketing at VGM & Associates, talks with three of VGM's payer, billing, and reimbursement experts Ronda Buhrmester, Dan Fedor, and Craig Douglas about the end of the Public Health Emergency (PHE) and what that means for members. A Letter From the President, Adam Miller: May 2023 thumbnail A Letter From the President, Adam Miller: May 2023 Read from Adam Miller about the latest from OPGA, including the Limb Loss and Preservation Registry, O&P advocacy, and more. How to Navigate Supply Chain Issues thumbnail How to Navigate Supply Chain Issues The DMEPOS supply chain was significantly disrupted by the COVID-19 pandemic. Certain procedures that were developed out of necessity during the pandemic's onset and peak have evolved into effective best practices. One of the most crucial lessons learned is the importance of close collaboration between providers and their trusted suppliers, manufacturers, or distributors to ensure success. Limb Loss Registry & Evidence-Based Care in O&P thumbnail Limb Loss Registry & Evidence-Based Care in O&P OPGA is proud to continue supporting the Limb Loss and Preservation Registry (LLPR), a national program to improve the quality, safety, and effectiveness of treatment and preservation of limb loss. Adam Miller and Tom Powers Attend Policy Forum in Washington D.C. thumbnail Adam Miller and Tom Powers Attend Policy Forum in Washington D.C. On Wednesday, May 10, the AOPA Policy Forum held in Washington D.C. brought together over 100 stakeholders, manufacturers, and practitioners in the field of orthotics and prosthetics (O&P). The State of DMEPOS: Where Does Our Industry Stand Now, and Where Are We Heading? thumbnail The State of DMEPOS: Where Does Our Industry Stand Now, and Where Are We Heading? Jeremy Stolz, President, VGM & Associates and VGM Fulfillment, outlines several areas of DMEPOS to consider as part of your business' action plan for 2023. Congratulations to the 2023 Breece Fellowship Recipient thumbnail Congratulations to the 2023 Breece Fellowship Recipient But Ketelhohn is not just a superior student. She is highly engaged in the theater program at Hopkins and has honed her communications skills throughout the past several years in order to speak publicly with confidence and be the best advocate she can be.