Category: Group Practice
The Stark Law Against Physician Self Referrals
The last twenty years have seen the federal government becoming increasingly involved in the relationship between doctors and their patients. Most recently, the Affordable Care Act (“Obamacare”) has contributed to the uncertainty and concern among medical professionals about the increasing role government will take in the management of individuals’ health…
Forming A Practice Group Part 3: Planning For The Unexpected
In an ideal world, partners in a medical or dental practice would work until they are ready to retire, then sell their interest in the practice to their other partners or to a new doctor in a seamless transition. Unfortunately, we do not live in an ideal world. Although it…
Forming A Group Practice Part 2: Allocating Income and Expenses
Often, the biggest sources of tension in forming and operating a practice revolve around money. Even when you go into business with good friends, resentment can build when one of your partners is perceived to not be pulling his weight, or taking too much out of the practice. Left unchecked,…
Disability Buyout Insurance – Protecting Yourself And Your Partners
Most doctors are familiar with individual disability insurance policies, in which you insure against your own disability. Many doctors are also familiar with business overhead disability insurance, which will replace your practice’s revenue in the event that you are unable to continue working. However, there is a third category of…
Forming A Group Practice Part 1: Choosing the Right Entity
Whether you are setting up a practice group with friends just out of medical school, breaking off from an existing medical practice, or merging your practice with another doctor’s, there are some decisions you must make when forming a new practice group that can have far-reaching consequences. This series of…