A medical practice is a small business operating inside a regulatory structure built for something else. Ownership is restricted to licensed professionals. Referral relationships that would be ordinary marketing in any other industry are federal crimes. Revenue arrives from payors who can take it back two years later. And the practice's most valuable asset, the patient relationship, comes with record-keeping obligations that outlast the practice itself.
The Law Offices of Albert Goodwin represents physicians, dentists, and other licensed practitioners in New York City on the business and legal side of practicing: forming and structuring the practice, the agreements among the owners, the contracts with employed physicians and payors, audits and recoupments, compliance, and the eventual sale or wind-down.
New York restricts who may own a medical practice, and the arrangements that non-physician investors and management companies use to work within those limits are heavily scrutinized. See practice formation and the corporate practice of medicine.
Compensation formulas, restrictive covenants, malpractice tail coverage, and termination provisions, from either side of the table. See physician employment contracts.
Partner separations in a professional entity involve valuation, patient records, referral relationships, and licensure questions that ordinary business divorces do not. See medical practice partner disputes.
Extrapolated overpayment demands, prepayment review, network termination, and the appeal deadlines that decide whether the money comes back. See payor audits and recoupment.
The three overlapping regimes, federal and New York, that govern referral relationships, compensation arrangements, and arrangements with vendors. See Stark, kickbacks, and fee splitting.
Breach response, record access requests, retention obligations, and what happens to records when a practice closes or is sold. See HIPAA and patient records.
Sales to hospitals, to private equity backed platforms, and to other physicians each raise different structural problems. See selling a medical practice.
Most of what threatens a practice is not a malpractice claim. It is the ordinary commercial exposure that every business has, arriving in a setting where the margins are thinner and the regulatory overlay makes each problem harder to solve:
Practitioners in high-exposure specialties frequently ask how to insulate personal assets from a claim that exceeds coverage. The answer involves entity structure, insurance limits, exemption planning, and timing, and it is worth noting at the outset that transfers made after a claim arises are a different and much worse proposition than planning done in advance. See asset protection for doctors and asset protection generally.
Complaints to the Office of Professional Medical Conduct, and licensure matters before the Department of Health and the Office of the Professions, are a distinct area from the business representation described on these pages. They frequently arrive alongside a business dispute, because a departing partner, a terminated employee, or an audited payor may generate one. Where a matter has both dimensions, they should be coordinated rather than handled in isolation, since positions taken in one can be used in the other.
Solo practitioners and small groups, multi-specialty practices, dental and optometry practices, physical therapy and behavioral health providers, ambulatory surgery centers, diagnostic imaging operations, and the management companies and investors who contract with them. We also represent physicians individually in disputes with the practices that employ them.
Whether you are forming a practice, buying into one, being audited, negotiating an exit, or facing a partner who has changed the locks, the useful first step is the same: put the governing documents in front of a lawyer who reads them for a living. Bring us the operating or shareholders agreement, the employment agreement, the payor contracts, or the audit letter, and we will tell you where you stand.
Call the Law Offices of Albert Goodwin at 212-233-1233 for a consultation.
You can contact us by phone at 212-233-1233 or by email at [email protected].