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Healthcare Entity Tag

Jones Health Law > Posts tagged "Healthcare Entity"

Closing your Medical Practice? Don’t forget to Wind Up!

You’ve decided that now is the time to close your healthcare entity (i.e. Medical Practice) for any number of reasons. However, you can’t simply close the doors and just walk away. There are a few steps that you need to take in order to comply with Federal and Florida law. One of the requirements is that you “wind up” your limited liability company (“LLC”). After you’ve dissolved the company the company continues only for the purpose of winding up. During this process the LLC is required to discharge or make provisions for the company’s debts, obligations and other liabilities, as well...

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Do I need a Business Associate Agreement?

Your healthcare entity may need to enter into a signed Business Associate Agreement with certain vendors and contractors that you have contracted with depending on the type of services that will be provided to your healthcare entity. Failure to produce a signed Business Associate Agreement could lead to fines and/or penalties by the Office for Civil Rights (“OCR”) in connection with potential HIPAA violations.   What is a Business Associate? A business associate is one that creates, receives, maintains or transmits protected health information (“PHI”). Companies that only store encrypted PHI are also considered Business Associates. Subcontractors may also have to sign a...

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Which Business Structure is Best for my Medical Practice?

Which Business Structure is Best for my Medical Practice? Over the years many providers have come to my office expressing an interest in owning a medical practice, healthcare facility, or healthcare business. During these meetings, it is important to obtain pertinent background information about the healthcare entity followed by a discussion about some of the regulatory and licensing issues that may arise. Equally important is determining how the healthcare entity should be structured for asset protection and tax purposes. A corporate healthcare attorney like myself can determine whether it is best for you to create a corporation, LLC, or an LLP....

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