friendly physician state entity services
Expected results from single-source physician entity ownership:
Alignment with company mission and success
Implementation
Efficiency
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Proactively have infrastructure in place to implement practice when/where needed
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Shortened timeline for entity set-up improving implementation schedules
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Clean license for ease and timeliness of licensing
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Avoid Health Care Clinic licensure requirements
Regulatory
Compliance
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Understanding of complexity in individual state license maintenance (CME, exams and renewal cycles)
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Will file state taxes on behalf of service for each entity (and the corporation, if needed)
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No referral-based or health care services regulatory issues (anti-kickback implications)
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Willingness to be CMS and PECOS delegate and execute CMS and commercial payor forms
Simplicity and
Trust
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Single, known point of contact for CBO
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Standardization of CBO process with efficient paperwork turn-around
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Maintenance of one D&O policy
Financial
Effectiveness
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No variability/negotiations for each state entity compensation (maintains FMV)
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Lack of variability with budget planning, tax filing
Standardization
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No variability/negotiations for each state agreement(s)
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Standardized process and fees for each entity
Diminished Operating Risk
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Remains in place independent of future physician turnover