Is Massachusetts a corporate practice of medicine state?
Massachusetts is considered to be one of the states that prohibits the “corporate practice of medicine” – even though the case law upon which the corporate practice prohibition rested is over 50 years old.
Can a non physician own a medical practice in Massachusetts?
The bone of contention, according to State Law, is that for-profit health clinics such as Doctors Express, must be owned by a physician or group practice. This is commonly known as Corporate Practice of Medicine (CPOM) law and it prevents non-physician entities from engaging in the practice of medicine for profit.
WHO issues medical licenses in Massachusetts?
The Board of Registration in Medicine
The Board of Registration in Medicine is responsible for licensing, regulation, and discipline of Massachusetts physicians and acupuncturists.
What states have the corporate practice of medicine?
Some states–California, Texas, Ohio, Colorado, Iowa, Illinois, New York and New Jersey–preclude hospitals from employing physicians to provide out-patient services. These states legislate what is known as the corporate practice of medicine doctrine.
Can doctors operate as a company?
While the Commissioner of Taxation accepts that medical professionals (such as sole doctor arrangements) may operate via a company, there are some restrictions. The Commissioner provides that a medical professional operating via a company must operate as if it is a ‘look-through’ entity.
Can a non physician own a medical practice in New Jersey?
At its core, the corporate practice doctrine prohibits non-physician-owned business entities from engaging directly in clinical practice.
What is a corporate practice?
Corporate practice generally refers to the representation of companies in the following broad areas: corporate governance and compliance; mergers and acquisitions; and securities. It is very common for a corporate attorney to have a specialty (and, many times, a sub-specialty) in one of these areas.
What is corporate medicine?
info. 1999;6(9):9. Corporate medicine has become one of those phrases that have no real definition but still make most physicians shudder. It is used to describe everything from a managed care organization to a physician organization to a hospital-run organization.
Should I incorporate as a doctor?
A physician who is using all of his or her earnings (e.g. paying off debt) would see little to no tax benefit from incorporation; in this case incorporation is merely an unnecessary expense. For many others however, the benefits of incorporation can significantly outweigh the costs.
What business structure is best for a medical practice?
A sole proprietorship is the easiest way to structure your medical practice, because no separate legal entity is actually formed. A sole proprietor’s business is simply an extension of the sole proprietor. Sole proprietors are liable for all business debts and other obligations the business may incur.
Is NetCE accredited in Massachusetts?
In support of improving patient care, NetCE is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), and the American Nurses Credentialing Center (ANCC), to provide continuing education for the healthcare team.
Is Massachusetts a compact state?
Massachusetts is not a member of the nurse compact. A nurse must have a Massachusetts license to practice within the state; the Board notes that this includes providing electronic services to Massachusetts patients.