Healthcare in the United States is widely considered one of the most competitive industries. The industry is also full of challenges. If you are a practicing doctor or willing to form a practice, you need to consider a bunch of complex challenges.
The doctors will gain multiple benefits by seeking guidance and advice from a qualified and experienced Los Angeles Healthcare Attorney. A learned and skilled medical attorney will provide legal advice and service to the practitioners as well as business owners in the healthcare industry.
Formation & Structure of Medical Practice
Medical schools do a fantastic work of grooming their students for a rewarding career but unfortunately, many fail to provide proper and relevant guidance in building and running a medical practice.
Forming a medical practice is not easy and the subject is deeply complicated. Forming a medical practice is unlike forming other kinds of business. You need to consider a variety of industry-specific state and federal regulations, including Federal billing practices under Medicaid and Medicare, recordkeeping in keeping with the HIPAA (Health Insurance Portability and Accountability Act), Anti-Kickback Statures and Stark Law.
Healthcare attorneys have specialization in dealing with the issues of formation and structure related to medical practices. With help of a healthcare lawyer, you will be able to find the right structure for your medical practice business. Legal services will help you stay protected against individual liability and keep any unnecessary worries at bay.
The healthcare lawyers help their clients with the following services:
- Business Formation & Selection
- Physician Partnership Agreements
- Purchase or Sale of a Medical Practice
- Leases & Space Sharing Arrangements
- Corporate Business Fillings & Compliance Matters
Purchase or Sale of a Medical Practice
If you are a physician and interested in purchase or sale of a medical practice, make sure to seek help from an attorney before striking any deal. Regardless of whether you are a buyer or a seller, medical practice sales involve notorious complexity. That’s why, it’s important for you to consult a lawyer for protection of your legal rights as well as financial interests.
An experienced attorney has in-depth knowledge and experience of serving physicians and business. These lawyers offer a complete range of medical practice services including the followings:
- Drafting Letters of Intent
- Non-Compete Agreements
- Other Restrictive Covenants
- Handing Receivable Accounts
- Agreements for Seller Financing
- Agreements for Comprehensive Practice Purchase
- Handling All Unique Circumstances Related to Medical Practice Transitions
Employment Law in Medical Business
Owners and operators of all businesses related to medical field should have deep knowledge of the complex and extensive structure of rules and regulations governing the employer-employee relationship. A good healthcare attorney must have adequate skill and experience in dealing with employment and labour laws related to medical practices.
Estate Planning for Medical Physicians
If as a doctor, you run a professional practice, you should make sure to arrange your estate in proper order. This way, you can control your practice and take decisions about what will be in favour of your loved ones. A good healthcare attorney always works closely with experienced estate planning attorneys to ensure the needs of his/her clients are fully served.