Blog
Ready to Buy a Practice? 3 Guidelines for Practitioners
Practitioners who are ready for the next phase of their career — or eager to hit the ground running — may consider purchasing an existing practice. If you are weighing that option, here are some questions and negotiable points to consider: Purchase Price: The selling...
Starting a Private Practice? Get Familiar with Insurance Carriers First
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. Out-of-Network Coverage A provider can elect to provide a super bill to their patients, in order for their...
MSO Partnership for Physicians: Be Careful of the Wording in Your Agreement!
Practitioners often look to establish Management Service Organizations (MSOs) to help run the business end of a medical practice. Some of these services may include the following: handling payments for office space, providing equipment and supplies, or managing the...
Your Malpractice Insurance: Who Owns the Policy?
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...
Dissolving Your Practice: Be Careful, Not Hasty
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...
Practitioners and Social Media: My Selfie Could Be a HIPAA Breach??
Social media has become prevalent in every aspect of life. Given this, it is important that practitioners are careful about how they and their employees use social media so as not to violate any HIPAA regulations. The obvious solution is to enforce a no cell phone use...
MSO Partnership for Physicians: Be Careful of the Wording in Your Agreement!
Practitioners often look to establish Management Service Organizations (MSOs) to help run the business end of a medical practice. Some of these services may include the following: handling payments for office space, providing equipment and supplies, or managing the...