Private Equity Owning Doctor Practices
LEGALITY?
By Eric Bricker MD
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PODCAST: https://www.youtube.com/watch?v=2epmk4_-kUI
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 Its Own Exceptions Such as 1) Doctors Can Work for Companies That Are Owned by Other Doctors and 2) Doctors Can Work for Hospitals.
Accordingly, 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?
CITE: https://www.r2library.com/Resource/Title/0826102549
PODCAST: https://www.youtube.com/watch?v=DgWEybUSiuo
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COMMENTS APPRECIATED
Thank You
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Filed under: "Advisors Only", "Ask-an-Advisor", "Doctors Only", Career Development, Ethics, Experts Invited, Health Economics, Health Law & Policy, Managed Care | Tagged: CORPORATE PRACTICE OF MEDICINE LAWS, Eric Bricker MD, Jackson LLP, medical private equity, Private Equity, Private Equity Owning Doctor Practices LEGALITY? |
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