We must address the legal challenges in acquiring a medical practice. Acquiring a medical practice is an exciting step in your career. They are a critical obstacle. These hurdles can complicate the transition. If overlooked, they may expose you to significant risks. To succeed in an acquisition, you must know the law. It impacts all...
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Buying a medical practice can be a great investment. It can lead to financial independence, even if you have no experience. However, navigating this process requires careful planning, the right team, and a willingness to learn. This blog will guide you on how to buy a medical practice without experience. It will highlight key strategies...
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Business | Healthcare | Healthcare Law
If you're a medical professional, buying a practice can boost your career and wealth. It can be a game-changer. This decision is a big financial and professional commitment. So, it's vital to understand the process to make the right choice. Why Consider Buying a Medical Practice? Owning a practice puts you in charge of your...
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Business | Compliance | Healthcare | Healthcare Law
A Legal Checklist for Physicians and Non-Physicians Selling a healthcare business is a big task. It needs careful planning, prep, and attention to detail. If you're a physician or a non-physician owner, you need to know the legal, financial, and regulatory issues to navigate the sale process. Here’s what you need to know to ensure...
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Physicians Purchasing a Specialty Practice can be a key career choice. It merges their professional goals with a financial investment. It requires a careful check of legal, financial, and operational factors. This is to ensure a smooth transition and long-term success. By understanding these key points, physicians can prepare for a successful acquisition. They can...
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Business | Compliance | Healthcare
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....
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Business | Compliance | Healthcare
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...
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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...
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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...
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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...
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