When it comes time to buy or sell an urgent care center, the parties involved must choose between a stock transaction and an asset transaction. Depending on the ultimate goals of the buyers and sellers, the urgent care transaction type will differ for each deal. Stock Transactions “When a purchaser of a business is buying […]
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Urgent care management companies can help practice owners and operators take control of their EMR and billing cycle, as well as increase revenue and efficiency. “Our company is called Insight Practice Partners, and we have an entire menu of management services,” Max Lebow, MD and Medical Director of Reliant Immediate Care Medical Group, says. “We […]
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Termination of retail commercial leases can happen for a variety of reasons, but it’s important to determine who is responsible for the early termination. If the landlord fails to follow through on their terms of the lease, such as maintaining the habitability of the property, then the tenant may be able to terminate its lease […]
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If you’re an owner, operator or practicing physician at an outpatient care center, you should be aware of the different kinds of protection you can have for your assets. If you’re faced with litigation, or creditors come after you, you won’t have as much to worry about if you know that your assets are safely […]
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Physicians at ambulatory surgery centers have started contracting directly with self-insured plans and third party administrators (TPAs). Since this arrangement involves transparent pricing and direct/cash pay, it can be a mutually beneficial relationship for all parties involved. “The opportunity is that an employer group who is self-insured has the ability to create a flexible plan […]
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Parties involved in transactions may think it’s a great idea to have one lawyer represent both parties – they can save both time and money. However, deal counsel and joint representation in ambulatory care transactions comes with several ethical, and practical, problems. “There are circumstances where you’ll have a single lawyer who has been hired […]
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When urgent care center owners, operators and providers are faced with malpractice lawsuits, asset protection in the form of a family limited partnership (FLP) or limited partnership (LP) can keep their assets out of the hands of creditors. “A family limited partnership is a great way to protect liquid assets like stocks, bonds and brokerage […]
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When understanding commercial leases, ambulatory care and urgent care owners and operators should be aware of their renewal options and their ability to negotiate the terms. “If you want an option to renew, you need to negotiate that provision when you negotiate the original lease; otherwise, your ability to renew at the end of the […]
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Recently, there’s been an increase in insurance audits and demand for payback. Commercial payors and Medicare are questioning urgent care providers’ coding levels, checking to see if the codes that are recorded match the codes that the payors come up with. If they don’t match, the provider may be faced with a large refund demand. […]
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With the urgent care industry in its rapid growth phase, many urgent care owners and operators are looking to expand and add more locations to their business. Owners and operators may also be looking to add another location due to high patient volumes at a particular center. “There are a few tracks for expansion: growth […]
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