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….
Non-compete agreements are vital to protecting the buyer’s investment when selling a healthcare business. These agreements prevent the seller from harming the business’s value after the sale. In healthcare, goodwill and patient relationships are vital. Non-compete clauses help to ensure a smooth transition and safeguard the buyer’s interests. Why Non-Compete Agreements Matter in Healthcare Sales…
Thinking about Selling Your Medical Practice? Well hold on—because there are some facts about selling a practice that most people don’t know, and they can make or break your deal. Let’s dive into the Top 5 Hidden Facts you need to know before putting that ‘For Sale’ sign up! Goodwill: First up, did you know…
Buying a medical practice in Texas is a huge, rewarding investment. But it has challenges that need careful planning. Whether you are a seasoned physician or a first-time buyer, every step is vital. It will help you secure a profitable and sustainable practice. This guide walks you through each critical stage. Step 1: Define Your…
Buying a medical practice is an exciting career step. But, it has big legal risks. A single oversight can lead to compliance violations, financial losses, or operational setbacks. Avoiding these Five Legal Mistakes when buying a medical practice will make sure you don’t encounter any of these setbacks. 1. Skipping Comprehensive Legal Due Diligence A…
Which Is Right For Healthcare Business Transactions? Are you buying or selling a healthcare business? Unsure whether to make an asset or stock purchase? Today, we’re simplifying it for you. In healthcare business transactions, choosing between an asset or a stock purchase is key. It’s not just a technical detail. It has major financial, legal,…
IV hydration therapy has gained popularity as a quick solution for dehydration, fatigue, and nutrient deficiencies. However, this medical treatment is subject to strict regulations to ensure safety and efficacy. These regulations vary by state, so it’s crucial for medical spa owners and practitioners to understand the legal requirements in their area. This blog explores…
As Dental Service Organizations (DSOs) become more prevalent, it’s essential for them to navigate the legal landscape effectively. DSOs provide non-clinical support to dental practices, allowing dentists to focus on patient care while managing administrative tasks like billing, HR, and marketing. However, understanding and complying with legal requirements is crucial. What is a Dental Service…
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…