This month, my practice turns nine. Back when I first began, I was not quite sure where the business would lead me — and I am happy to say that the opportunities I have had surpass anything that I could have imagined. Continue reading
When a practitioner joins a new practice, the employer wants the employee to dedicate all of their professional time to the practice. They generally do not want practitioners to engage in outside activities — even though it is on their own time — such as teaching, consulting, expert witness review or providing medical services outside the scope of the practice. Continue reading
Practitioners who are close to completing their residency or fellowship often have many questions about their first employment contract and the various clauses within it. I regularly provide educational seminars to residents and fellows at metropolitan hospitals in numerous specialty departments about what to expect when interviewing for that first job and what will be included in the written agreement. Continue reading
Tele-practice is becoming increasingly common. Consultations, as well as tele-health care, are provided via Skype, Zoom or other video-conferencing platforms that preclude the need for geographical proximity between doctor and patient.
For practitioners who choose to utilize this type of treatment, they should be aware of some important considerations: Continue reading
This past October, MLMIC Insurance Company, one of the largest providers of medical malpractice in New York, became part of Berkshire Hathaway. As a result of becoming a stock company, a sum of money was to be paid out to policyholders who had policies between the years 2013-2016. Continue reading
Healthcare providers who start a private practice have the option to apply for in-network status with insurance carriers or remain as an out-of-network provider.
A provider can elect to provide a super bill to their patients, in order for their patients to directly submit a claim to their insurance for out-of-network coverage. The insurance carrier will then cover whatever their out-of-network rate is for the particular service. However, for all out-of-network services, the patient is always responsible for the full amount charged by the provider. It is up to the provider if they will accept, as partial payment the insurance coverage or not. Continue reading
When dissolving your practice is time-sensitive, and you need to expediently move on, there are some important things to pay attention to in order to ensure it is done correctly.
First and foremost, you can never abandon your patients. There needs to be ample notice of at least 30 days and appropriate referrals for continuity of care.
Second, you will need to examine any contracts that you have in place with landlords, third parties, and employees, to ensure that you are not in breach of any of the terms and to give the appropriate notice of termination. Continue reading