Forming & Managing a Practice
Denver Area Business and Health Care Law Attorney
One of the major challenges faced by Health Care professionals is the business side of their practices. Few training programs adequately prepare health care professionals for medical practice formation or medical practice management. Medical groups and individual physicians, dentists, chiropractors, and other health care professionals are often faced with the “trial and error” approach, which can result in costly and avoidable errors, and more importantly, can make your experience as a health care provider much more challenging than it has to be. For new practices, professionals are faced with decisions about medical practice management, Corporation and Limited Liability Company (LLC), issues, employment practices, office policies and procedures, advertising, commercial real estate contracts for buildings and contracts, bank loans, vendor agreements, protections against employee theft and embezzlement, and tax issues, just to name a few. For purchases of existing practices most of the same issues apply. New business structures are frequently necessary and policies and procedures often are outdated or do not match the buyer’s practice philosophies or style. New ownership frequently is also followed by renovations of facilities, new leases or purchases of buildings or condos requiring new commercial real estate contracts, and purchase of new equipment. As the practice grows, additional issues arise with considerations of taking on associates or partners. Over time, some of these issues may fade while others grow larger.
Some of the issues new and existing practices face are:
- Selecting a business structure
- Commercial Real Estate Contracts for leasing or purchasing office space
- Evaluating business plans and goals
- Mergers and Buy-Ins for associates
- Medical Practice Management
- Creating office policies and procedures
- Issues with insurance companies
- Preventing theft and embezzlement
- Litigation of claims and issues
Our philosophy is that practices should not have to discover solutions to these and other common issues through “trial and error” but rather should benefit from the knowledge and expertise available from many sources. Therefore, The Law Office of Philip M. Bluestein prefers a team approach to forming and managing a health care practice, with a team of professionals assisting you. We will work with you, your accountant, real estate brokers, and other consultants where appropriate to overcome challenges you face, and to help you build a rewarding and successful practice. We believe your practice can be more than just a business. With proper thought and planning, formation of a health care practice and medical practice management are tasks that can make it easier for you to practice your profession rather than taking away too much time from your patients and family. Your health care practice can and should be a place where you enjoy coming to work every day.
When you need advice about forming and managing your health care practice, you want someone who understands your needs and priorities and can anticipate the challenges you face. My past as well as continuing experience assisting in the daily management of a health care practice allows me to bring a unique understanding to my client’s issues.
Contact an Experienced Health Care Lawyer Today
Please call my office at 303-880-4998 to schedule an initial consultation. You may also e-mail me directly.
