Medical Practice Formation
With offices in Atlanta and Augusta, Georgia, our law firm helps physicians properly form and set up medical practices in Georgia and South Carolina. The focus of our business and healthcare law firm is medical practices and healthcare related businesses.Atlanta Medical Practice Formation Law Firm
We advise and represent physicians and other healthcare professionals regarding:
- Medical Practice Formation
- Physician Employment Agreements
- Affordable Care Act Issues
- STARK LAW and Anti-Kickback Statute
- Concierge Medicine
- Medical Practice Sales and Acquisitions
- Medicare reimbursement and Appeals
- Medical Practice Breakups/ Business Divorce Litigation
- General Counsel Services
generate revenue -- protect revenue -- sleep better
We have offices in Augusta and Atlanta, Georgia and represent clients principally in Georgia and South Carolina. Our attorneys have extensive experience and hold Martindale Hubbell's AV rating, its highest rating. To schedule a consultation, email us at email@example.com or contact us at our office nearest you.Getting Started The Right Way
Our business law firm represents physicians in the formation and operation of medical practices and businesses. Although legal, tax and practical factors impact entity formation options for any business, doctors face very unique legal and business considerations in setting up a medical practice. The continuous evolution of the healthcare industry’s third party-payer system and changing regulatory environment cause a continuous stream of unique legal issues that necessitate careful evaluation.
A first step in setting up a medical practice is choosing the type of entity to form. What form of entity is “right” requires analysis of a variety of factors that impact legal, tax and other considerations. While sole proprietorship and general partnership remain available to doctors, most medical professionals determine that an S Corporation or Limited Liability Company provide the best tax and no-tax advantages.
A primary benefit of incorporating a medical practice is the ability to limit personal liability for certain corporate debts of the business. Generally speaking, while a solo practitioner may have personal liability for the debts of the medical practice, a shareholder or a corporation or LLC member does not. Where a group of physicians set up a medical practice, incorporation can also avoid (or minimize) personal liability for the acts of other physicians in the group. Incorporating an entity will not, however, insulate a physician from professional acts of negligence or malpractice. With respect to tax considerations, physicians should also consult with a Certified Public Accountant with expertise in taxation issues and, preferably, specific experience with medical practices.
In addition to entity formation considerations common to any business, physicians may face many legal issues and practical considerations unique to the healthcare industry (depending upon what type of practice they desire to pursue). For example, in forming and operating a medical practice today’s doctor may be called upon to decide issues that did not exist just a few years ago, such as: whether to form a “concierge” medical practice as an alternative to a conventional, high volume practice based upon third-party payer steerage; whether to join an “independent physician association,” “physician hospital organization,” or other practice group; whether and how to participate in an “accountable care organization”; how to establish protocol to ensure compliance with and to obtain financial benefits of HIPAA and HITECH; how to set up electronic medical records; and whether to sign a PPO’s “network agreement” and what it will actually mean.A Responsive Healthcare Law Firm