Health care Business Skilled and non-skilled

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by a searcher from Baruch College-The City University of New York - The Zicklin School of Business
in New York, USA

1yr ago

Health care Business Skilled and non-skilled

My background is in retail business and I am looking in to health care business. I need some advice and guidance for health care industry. I have submitted LOI for the business.

1 Like

224 Views

reply by a searcher 1yr ago
from Northwestern University in Chicago, IL, USA

Thanks for the tag. Happy to assist but need a little bit more detail on the business. I am involved in a skilled nursing facility group as well several ancillary businesses.

reply by a searcher 1yr ago
from Texas A&M University in Coppell, TX, USA

Based on your LinkedIn profile, it looks like you are not a clinician already. For non-clinicians like us, the Corporate Practice of Medicine (CPOM) statute in your state may make it difficult to acquire a healthcare practice as it prohibits non-physicians from employing physicians directly for the practice of medicine.

There are varying degrees of strictness depending upon the state, and the kind of healthcare business matters. There are some ways to still make an arrangement work though, such as with a Management Services Organization (MSO) that contracts with the practice rather than owns the practice. If this might apply to you, look into it and work with a healthcare attorney in your state.