The Rise of Management Services Organizations (MSOs): Essential Insights for Physicians and Practice Owners
In recent years, Management Services Organizations (MSOs) have emerged as a popular model for healthcare practices seeking to streamline nonclinical operations. By delegating administrative and operational tasks, MSOs allow physicians to concentrate on delivering quality care. However, as with any significant industry shift, the rise of MSOs presents both opportunities and challenges that physicians and […]
What to Include in a Physician Shareholder Agreement: A Critical Guide for Practice Owners
Imagine Dr. Miller, a distinguished orthopedic surgeon, and the founding partner of a flourishing medical practice, celebrating the addition of Dr. Gomez, a third shareholder. The excitement surrounding this new partnership, however, quickly gives way to tensions as disagreements emerge over decision-making processes, compensation structures, and divergent visions for the practice’s future. What was once […]
How to Mitigate Risks in Healthcare Employment Contracts
Healthcare employment contracts are foundational documents that define the relationship between healthcare providers and their employers. Given the intricate and highly regulated nature of the healthcare industry, these contracts often contain provisions that could expose both parties to significant risks. It’s crucial to understand these risks and take proactive steps to mitigate them. Here’s how […]
Healthcare Data Privacy: Best Practices for Protecting Patient Information
In an increasingly digital world, the protection of patient information has become a critical issue within the healthcare industry. As healthcare providers adopt electronic health records (EHRs) and other digital tools, the responsibility to safeguard sensitive data has never been more crucial. Not only does this responsibility entail preserving patient trust, but it also involves […]
The Essential Role of Letters of Intent in Healthcare Transactions
When it comes to healthcare transactions, it can feel like navigating a maze of complex regulations, negotiations, and ever-changing legal landscapes. Whether you’re acquiring a new practice, merging with a larger organization, or simply transitioning ownership, there’s an essential tool that lays the groundwork for successful transactions: the Letter of Intent (LOI). A Letter of […]
Navigating Stark Law and Anti-Kickback Statute: Understanding Complex Laws and Safe Harbors
Adherence to federal regulations is paramount in healthcare to uphold ethical standards and avoid legal pitfalls, with two critical statutes being the Stark Law and the Anti-Kickback Statute (AKS). Both laws are designed to prevent fraud and abuse in healthcare transactions, but the AKS includes exemptions and safe harbors that offer protections for certain arrangements […]
Navigating Insurance Complexities for Cannabis Operators
Similar to standard businesses such as real estate brokerages, transportation companies, and payment processors, plant-touching businesses like growers, processors, and dispensaries in the cannabis industry require comprehensive insurance coverage. Despite the rapid expansion of the cannabis sector within the U.S. economy, driven by increasing state legalization for both medicinal and recreational use, the insurance industry […]
Telemedicine: Navigating Legal Considerations in the Digital Era of Healthcare
By: Trevor Anderson, Managing Shareholder Telemedicine has emerged as a transformative force in modern healthcare, enabling remote delivery of medical services through telecommunications technology. Particularly crucial during the COVID-19 pandemic, telemedicine provides patients with convenient healthcare access while minimizing physical contact. This approach has proven invaluable for individuals in rural or underserved areas and those […]
How the SCOTUS Ruling Eliminating Chevron Deference Could Impact Medicare and Medicaid Payments to Providers
By: Trevor Anderson, Managing Shareholder In the context of Medicare reimbursement appeals and cases, Chevron deference has traditionally played a crucial role. When the Department of Health and Human Services (HHS) and its sub-agencies implement changes that affect reimbursement rates for hospitals, prescription drugs, or introduce new coverage requirements, Chevron deference has often been invoked […]
Methods for Evaluating a Medical Practice
Accurate valuation of a medical practice is crucial to ensure the fair and profitable sale of your practice. Below, we have outlined the primary methods used to evaluate a medical practice.