The practice of medicine, like many other professions, is not only a health care services vehicle, it is also a business. Medical providers need to raise capital, for the purchase of computers, examining tables, new diagnostic or therapeutic tools, etc., create or respond to employment and consultant contracts, determine whether to form or join a medical group or independent practice association, and consider affiliating with integrated health delivery systems. These decisions require the identification and resolution of key issues relating to the medical providers organizational structure and operation.
Burnham Brown attorneys have counseled health care providers on the types of legal entities best suited to conduct their business, crafted agreements to ensure compliance with federal and state laws, and structured providers' management and operational responsibilities to maximize efficiency and profitability. Burnham Brown attorneys have recently handled the following matters:
- Developed and negotiated professional services agreements between medical corporations to form an Independent Practice Association
- Developed corporate formation documents, shareholders agreements, employment and management contracts for Independent Practice Associations
- Provided advice and counsel on individual physician practice acquisitions, and hospital initiated practice proposals
- Provided advice and counsel on medical equipment purchase contracts, leases and service contracts
- Developed new payment structures: negotiation and implementation of complex health care transactions