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Areas of Practice
Corporate Law Services for Health Care Clients
In today’s competitive environment, providers must position themselves strategically for the long-term. You may be considering affiliations with other providers or the development of diversification strategies in order to capture new revenue sources. The Johnson, Aceto, Bonner & Prager, LLP team will work with you to assess the options best suited to your situation. Our experience will help you develop a strategy for growth. Our services include the following:
- Affiliations. We will help you evaluate, negotiate and draft mergers, affiliations, networks and acquisitions of other health care entities. We can also guide you through a due diligence process.
- Management Agreements. We will prepare management service agreements as a method of lowering overhead or as a precursor (or adjunct strategy) to an affiliation or merger.
- Restructuring for New Revenue Opportunities. We will help you develop a plan to restructure your agency, including, e.g., creation of new entities, systems and spin-offs; formation of independent clinical practices; implementation of telemedicine services to improve efficiency; or development of special programs to serve injured workers or Medicaid populations.
- Managed Care. We will assist you in developing a systematic strategy for contracting with managed care plans on terms that will allow you to be paid adequately and deliver quality care; we will work with you to negotiate and prepare contracts with plans and other payors.
- Transactional Compliance. Your transactions will comply with important federal and state laws such as anti-kickback statutes, stark Law, labor laws, antitrust laws, and OSHA standards.
We have assisted health care providers in corporate/business law matters as follows:
- Established and helped clients organize numerous professional corporations, LLCs and LLPs to minimize liability for malpractice of partners;
- Reviewed over 100 employment and shareholder agreements for individual physicians and physician practices;
- Worked with physician practices to diversify their practices and enhance revenue sources by conducting separate businesses for billing, educational services, research and education institutes, and specialized treatment centers;
- Set up physician practice and management service in a friefriendly physician mod model;
- Advised physician practices regularly in risk management matters such as evaluation of patient competency to make medical decisions and patient record disclosure matters;
- Represented one of the largest multi-specialty faculty group practices in Massachusetts. This practice is affiliated with a major university medical center;
- Worked with physicians in an academic medical center to prevent liability through risk management programs;
- Served on the Claims Committee of a self-insurance malpractice company affiliated with a major medical center;
- Served on the Patient Treatment Committee of an academic medical center, drafting clinical policies and advising physicians on medical-ethical problems;
- Worked with a physician to set up a management service for in-office anesthesia procedures;
- Assisted physician practices in acquisition of other practices; and
- Assisted physicians in negotiating and executing a withdrawal agreement that protected them from post-departure liability and resulted in substantial payments as buy-outs.
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