Corporate Practice of Medicine

The prevalence of corporate involvement in medical practices is increasing.  Due to public policy concerns, certain states (e.g. New York) have laws that prohibit business corporations (other than provider owned professional corporations) from clinical ownership.  However, the administrative burden of carrying on the practice of medicine has presented an uptick of clinical ownership opportunities for non-provider managed care organizations. YLG has the experience to structure the unique needs of such a complex transaction to ensure regulatory and legal compliance for the practice, and your managed care organization.   Under such structures, your business may purchase the non-clinical assets of a practice, take-on the non-clinical aspects of a practice, or both.  Other states (e.g. Florida) do not have such restrictions, however, your organization may be required to obtain a health care clinic license from the state's agency, subject to certain entity-specific exclusions. 

Likewise, pharmacy establishments may enter into collaborative practice agreements with health care providers for team base care.  Under such arrangements, qualifying pharmacists can provide certain care functions to patients, the extent and scope of care at all times subject to state law.   

For more information on such structures, and to help to set up such management organizations, relevant compliance documents and agreements to legally facilitate the these structures, please contact us today.