Category Archives: Partnership/Operating Agreements

Fee Splitting: Physicians, Take Heed

Fee splitting is when revenue is shared between physician and physician, or between a physician and a third party, based upon referral sources. For example: Physician A refers a patient to Physician B. Physician B makes a hundred dollars from … Continue reading

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2016 Year in Review: 3 Areas Every Healthcare Practitioner Needs to Know

If you have your own practice, there are certain areas that are pertinent to running your practice in an efficient manner. You should be aware of these areas and if not, you should be on the lookout for next year. … Continue reading

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How Does a Practitioner Remove a Patient from Their Practice Legally?

There are many reasons for dismissing a patient from your practice. This may involve a patient that has been with you for many years or not that long, but someone who you feel is disruptive; or there has been a … Continue reading

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Is an E-Signature Legally Binding?

{2:55 minutes to read} With the increase in business conducted electronically, it is now possible to sign documents electronically. Electronic signatures are accepted on more and more documents, thanks to the Uniform Electronic Transaction Act of 1999. But they are … Continue reading

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Protecting Your Business – the Necessity for a Non-Disclosure Agreement

{3:35 minutes to read} During negotiations of a business venture or sale, certain confidential information may be passed between the parties in order to determine whether there is a mutual desire to enter into a formal contract. A Non-Disclosure Agreement … Continue reading

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What Is the Best Business Structure for Your Practice?

{Time to read 3:40 minutes} Once a person decides to establish a business, there are several different types of organizations he or she may form, each with its own tax implications. Some other factors to take into account include the … Continue reading

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The National Practitioner Data Bank: What Does It Say about You?

What is the biggest threat to physicians, resident physicians and dentists? Not knowing who has access and what gets reported to the National Practitioner Data Bank. What is the National Practitioner Data Bank? 

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Departing from a Healthcare Practice? 12 Critical Items You May Not Have Considered

There are times when a healthcare professional needs to leave their practice. They may have decided to start a new practice or are simply withdrawing from the practice due to health, financial or personal reasons. Often, healthcare professionals have been … Continue reading

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What Happens to Your Practice…Without You?

Do you own a healthcare practice? Do you have the necessary agreements in place for your exit strategy? The importance of a detailed agreement, whether it’s for a partnership or single member LLC, will ensure an easier transition for all … Continue reading

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A Handshake Does Not Equal a Contract

Verbal agreements – unlike signed contracts – are not legally binding. When I’m asked by a client to review a contract – whether it’s an employment contract, a partnership agreement, an operating agreement or a buy/sell agreement – it’s very … Continue reading

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