Being a part-owner of a medical practice can be an exciting and rewarding step for a doctor. There are various ways to achieve this, such as starting your practice from scratch or buying an existing one. However, another option that offers a smoother transition is becoming a partner in an existing practice. But what exactly…
Management Services Agreements (MSAs) provide healthcare providers with many benefits. They help make things run smoothly and give doctors more time to focus on treating patients. They also allow non-doctors to get involved in the growing healthcare market. However, when doctors and contractors work together, there can be legal issues involving healthcare laws at the…
Hiring independent contractors can be a smart move for your business. It helps you get specialized skills and extra help without the costs of hiring full-time employees. But dealing with those long and complicated 1099 independent contractor agreements can be scary. These agreements are super important when you bring in freelancers to work for you….
Trademarks are like shields for your business’s ideas, logos, and reputation. When you start a business, one of the first things you should do is claim your trademarks by using them in your work and showing everyone that these names and symbols belong to you. You can make this even stronger by officially registering your…
In most businesses, it’s normal to refer clients, but in healthcare, referring patients is closely watched, especially if the person referring gets paid or gets something in return. The federal Stark Law and Anti-Kickback Statute mostly apply to Medicare, Medicaid, and other federal healthcare programs. These laws are there to stop and punish situations where…
When you’re getting ready for a big business deal, like buying or selling a dental practice, you might feel a mix of emotions – excitement, nervousness, pride, fear, and more. But amid all these feelings, one important question stands out: Where do you start? Usually, business deals begin with something called a letter of intent,…
Creating a compliance plan is super important, especially in healthcare. This plan acts like a safety net to make sure everything is done right, there’s good oversight, and everyone’s private info is protected, plus they get billed correctly. Not having a strong compliance plan can lead to big issues, like fines and unhappy patients when…
A lot of doctors running medical practices today have a tough time dealing with the rules and regulations. Management Service Organizations, or MSOs, are here to help. They don’t just help doctors; they can also benefit other healthcare professionals who aren’t doctors. MSOs provide a chance for non-doctor healthcare workers, like nurses and physician assistants,…
Employers sometimes use non-compete agreements to protect their secrets and client lists and stop employees from working for their rivals. When healthcare providers hire new doctors, they might make special agreements, called physician non-compete agreements. But these rules can be stricter and have extra conditions compared to regular non-compete agreements. Texas Requirements for Physician Non-Compete…
The Texas Medical Board’s Mission Statement is: “To protect and enhance the public’s health, safety, and welfare by establishing and maintaining standards of excellence used in regulating the practice of medicine and ensuring quality health care for the citizens of Texas through licensure, discipline, and education.” The Texas Medical Board (TMB) looks into about 7,000…