Physician Partnership Agreements: Structuring Key Provisions

Description

More and more doctors are forming partnerships. These arrangements require planning and careful structuring to be successful. Before entering into a partnership, physicians should evaluate the arrangement to ensure it fits the physician's needs and goals and complies with the applicable regulations.

There are many elements that partnership agreements must address, including compensation, organizational and operational decision making, retirement, buyouts, noncompete covenants, termination and dispute resolution, insurance, and regulatory compliance. What happens if one of the physicians is engaged in unethical behavior and the rest of the group wants him out of the partnership? What happens if one of the physicians becomes disabled and is unable to practice? Are there mechanisms in place in the partnership agreement that spell out how these issues are addressed and what occurs? Does the new Sec. 199A tax deduction for pass-through entities apply? What are the limitations on a physician who wants to leave the group?

Listen as our authoritative panel of healthcare counsel examines key considerations that physicians should evaluate to ensure the arrangement meets the physician's goals and the key provisions that outline the terms of the relationship. The program will also briefly discuss Section 199A and implications/considerations for physician partnerships. The panel will offer guidance on structuring the critical provisions of the agreement.