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…
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,…
Starting a healthcare business is a complex endeavor. It requires careful planning, attention to detail, and a deep understanding of the industry’s unique challenges. Among the many critical factors to consider, one element stands out as dominant: the selection of the correct management services organization (MSO). From regulatory compliance to streamlined operations, the role of…
The question of whether a non-physician can own a medical practice is a complex one that depends on various factors. These factors include the state laws, the type of medical practice, and the specific roles of the individuals involved. Can a Non-Physician Own a Medical Practice? In general, non-physicians such as business people or investors…
Management Services Organizations (MSOs) are becoming increasingly popular in healthcare. Healthcare providers look to improve efficiency, reduce costs, and focus on providing high-quality care to their patients. An MSO is a third-party provider that offers a range of management and administrative services. These services support the operations of healthcare providers. Here’s what you need to…
What is a Management Services Organization? An MSO provides non-clinical services to medical practices, ambulatory care facilities or other healthcare providers. These services can vary, but in Texas and in other states they typically include: Why form a Management Services Organization? An MSO is the only way to safely grant non-physicians/providers an opportunity to participate in…