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Healthcare is one of the most competitive industries in the United States. According to the Kaiser Family Foundation (KFF), there are currently more than 51,000 primary care physicians and 55,000 specialist physicians who are professionally active in the state of California alone. If you are a doctor who currently owns a medical practice, or you are considering buying or forming a practice, there are many complex challenges that you will need to consider.
For physicians, seeking guidance from a qualified business law attorney can provide tremendous benefits. At the Pacific Health Law Group, our Los Angeles physician attorneys focus on providing legal services to practitioners and businesses in the medical industry. We have the skills and experience to support healthcare professionals in every aspect of running their professional practices.
Medical Practice Formation and Structure
While medical schools do a lot to prepare physicians for a career in their respective field and specialty, most schools fail to give much relevant guidance in forming and running a medical practice. Medical practice formation is a deeply complicated topic. Indeed, forming a medical practice must be thought about differently than forming any other type of business. There are many different industry-specific federal and California state regulations that will need to be considered, from recordkeeping in accordance with the Health Insurance Portability and Accountability Act (HIPAA), Stark Law, Anti-Kickback Statutes, to federal billing practices under Medicare and Medicaid.
At the Pacific Health Law Group, our Los Angeles healthcare attorneys are qualified to handle all issues related to medical practice formation and structure. We will help you find the proper structure for your business so that you can be protected against personal liability and spared any unnecessary frustration. Specifically, we help healthcare professionals with:
- Business formation and selection;
- Buying or selling a medical practice;
- Corporate compliance matters and business filings;
- Physician partnership agreements; and
- Leases and Space sharing arrangements.
Buying and Selling a Medical Practice
If you are a physician who is interested in buying or selling a medical practice, it is imperative that you seek assistance from a qualified business law attorney before moving forward in any deal. Medical practice sales, whether you are acting as the buyer or the seller, are notoriously complex. It is important that you work with a professional who can make sure that your legal rights and financial interests are protected. At the Pacific Health Law Group, we have deep experience serving medical professionals in this regard. Our legal team offers a full range of medical practice transition services, including:
- Drafting letters of intent;
- Comprehensive practice purchase agreements;
- Seller financing agreements;
- Non-compete agreements and other restrictive covenants;
- Handing accounts receivable; and
- Dealing with all other circumstances that are unique to medical practice transitions.
Medical Business: Employment Law
All business owners and operators should be well acquainted with the complex framework of rules and regulations that govern the employer-employee relationship. As with other matters, medical practitioners have to deal with some unique, industry-specific issues in the field of employment law. Our Los Angeles healthcare attorneys have extensive experience handling medical practice-related labor and employment law matters, and we are ready and fully equipped to assist all physicians with their employment law concerns. Our attorneys possess a full understanding of relevant state and federal employment regulations, from relatively recent laws like the Defend Trade Secrets Act to long-standing statutes such as Title VII of the Civil Rights Act. Our employment law services include, but are not limited to:
- Associate and specialty employment agreements;
- Medical employee manuals and handbooks;
- State and federal labor law counseling; and
- Trade secret protection.
Estate Planning for Physicians
Physicians and other medical professionals work extremely hard to provide a great life for their family members. If you own a professional practice, it is imperative that you set your estate fully in order. You will want to be able to both control your practice and do what is best for your loved ones. At the Pacific Health Law Group, we work closely with estate planning attorneys who have specific experience serving the needs of medical professionals and medical business owners. We can help you find solutions to all of your estate planning issues, from setting up a living trust in California, to providing long-term charitable contributions, or ensuring that your business will be able to be passed down to the next generation.
Our Los Angeles Healthcare Business Attorneys
At the Pacific Health Law Group, we are proud to provide high-quality legal services to healthcare professionals in Southern California. Our law firm’s sole focus on the healthcare industry helps us to set ourselves apart from the competition. To find out more about what we can do for your medical practice, please contact our legal team today at 310-776-5384 to set up your free initial consultation. From our office in the heart of Los Angeles, we represent medical professionals throughout the state of California.