If you’re a non-physician entrepreneur or investor wanting to enter Texas’s healthcare space, you’ve likely seen the term Corporate Practice of Medicine (CPOM). It may be a confusing doctrine at first. But, you must understand it to succeed in Texas’s healthcare business. So, what’s CPOM all about, and how does it impact non-physician buyers in…
Compliance Challenges for Non-Physicians in Healthcare Acquisitions Buying a healthcare business is a big opportunity. But, it has unique challenges—especially for Non-Physicians in Healthcare Acquisitions. The healthcare industry has strict rules designed to protect patients and prevent fraud. For non-physician buyers, it’s vital to know and follow these rules. They will help avoid costly mistakes….
How Management Service Organizations Help Non-Physicians Own Healthcare Businesses in Texas As a non-physician entrepreneur in Texas, you want to enter the healthcare industry. But, you’ve likely hit a roadblock: state laws. Texas has a doctrine that restricts non-physicians from owning or controlling medical practices. It is called the corporate practice of medicine doctrine. But…
The healthcare industry offers a wealth of opportunities for entrepreneurs, including those without medical degrees. While navigating the regulatory complexities might seem daunting, non-physicians can legally buy a healthcare business by adhering to specific legal and operational frameworks. This blog will explore how you can enter this lucrative market without a medical license, emphasizing that non-physicians…
Understanding Licensing and Credentialing Requirements When Buying a Healthcare Business Buying a healthcare business can be exciting. But there must be certain requirements, especially with Licensing and Credentialing. These requirements ensure that the business operates legally and meets regulatory standards. Overlooking these steps can lead to legal troubles, operational delays, or financial losses. With the…
Evaluating Compliance Risks in a Healthcare Acquisition can unlock growth and expand services. It is a strategic move to strengthen its market position. However, healthcare is one of the most regulated industries. Compliance risks can complicate even the most promising deals. Ignoring these risks can lead to fines, lawsuits, and a damaged reputation. A comprehensive…
A Guide to Navigating State Laws Can non-physicians own a medical practice? This question often arises for those wanting to enter the medical field. It’s not a simple answer. It depends on the state’s laws where the practice operates. If you want to join the healthcare industry, know the rules on owning a medical practice….
In the complex landscape of healthcare, compliance isn’t just about following rules—it’s about ensuring the safety and trust of your patients. While healthcare providers strive to offer the best care, it’s easy to overlook some compliance requirements that can lead to significant legal and financial consequences. Below, we highlight common compliance mistakes and how to…
The U.S. Department of Health and Human Services (HHS) has updated the Privacy Rule of the Health Insurance Portability and Accountability Act (HIPAA) of 1996. This change, driven by the Biden-Harris administration through the Office for Civil Rights (OCR), follows the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization. As a result, 21…
In many industries, kickbacks are seen as a normal part of doing business, but in the realm of healthcare, they’re viewed quite differently. Kickbacks are not only unethical, but they’re also illegal, posing a significant threat to patient welfare and the integrity of healthcare systems. It’s important to understand the Anti-Kickback Statute so as to…