Author
Bradley Smith
Bradley Smith, ATP, CMAA, is a former durable medical equipment company owner and is currently a managing director/partner with the international health care M+A firm VERTESS. If you would like to discuss this article, the value of your health care company or practice, or how to get the best price when you sell it, you can reach him directly at (817) 793-3773 or [email protected].
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Capital CommentaryRelationships with your vendors are vital to your success, and guess what? Your success is vital to them. So why does it often feel like a one-way street? Vendor relationships should be evaluated as frequently as employees—bad ones come in many forms: Good vendor relationships can go far beyond a salesperson taking you and your staff out to Applebee’s with unlimited drinks (But really, how do you top that?). Your vendors’ successes are tied to your success, so why not ask (or demand) utilization of their resources? Smart vendors know this and are usually willing to oblige. What does a good vendor relationship look like? In my experience, successful vendor relationships all begin with expectations that it’s a true partnership. In one particular circumstance, I...
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