Private Equity Owning Doctor Practices... Corporate Practice of Medicine Laws Explained
Corporate Practice of Medicine Laws Dictate That Doctors Cannot Work for a Corporation. These Laws Were Put Into Place So That Doctors Would Not Put Shareholders Before Patients and So That Corporations Would Not Interfere with Doctor Judgement. Corporate Practice of Medicine Laws are at the State-Level, NOT the Federal Level. Each State Has Their Own Exceptions Such as 1) Doctors Can Work for Companies That Are Owned by Other Doctors and 2) Doctors Can Work for Hospitals. Private Equity Firms Have Been on a Physician Practice Buying Binge. Private Equity Firms Bought 355 Physician Practices from 2013 - 2016. Two of the Largest Purchases Were KKR's Purchase of Envision's 25,000 Doctors for Almost $10 Billion and Blackstone's Purchase of Team Health's 20,000 Doctors for $6 Billion. If Corporate Practice of Medicine Laws Say that Doctors Cannot Work for a Corporation, How are Private Equity Purchases of Physician Practices Legal? This Video Explains How. Sources: file:///C:/Users/ebric/Downloads/corporate-practice-of-medicine-issue-brief_1.pdf https://www.fiercehealthcare.com/prac... https://ldi.upenn.edu/healthpolicysen... https://www.medicaleconomics.com/view... https://www.americanhealthlaw.org/con... https://healthcareglobal.com/digital-... https://www.teamhealth.com/news-and-r... AHealthcareZ is 200+ Healthcare Finance Educational Videos. 💥 BOOK: Check out Dr. Bricker’s Book 16 Lessons in the Business of Healing here: https://www.ahealthcarez.com/healthca... AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health. 90,000+ Views Per Month Across All Platforms. Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.
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