MSO Corporate Practice of Medicine
Own your own healthcare business
The platform and network of healthcare practices provided by Medical Director Connect enable non-physician-owned healthcare businesses to operate within legal and compliance boundaries. Typically, corporate practice of medicine (CPOM) regulations mandate that a doctor holds the majority ownership of a healthcare business. However, these regulations can significantly hinder nurses and advanced providers, such as Nurse Practitioners (NPs) and Physician Assistants (PAs), from starting their own businesses.
Our innovative MSO (Managed Service Organization) practice model is tailored to comply with CPOM (Corporate Practice of Medicine) requirements, enabling you to retain full ownership of your business. By setting up your enterprise as an MSO and linking it to a healthcare practice through a Managed Service Agreement (MSA), this model facilitates the realization of your entrepreneurial dreams while ensuring compliance with legal standards. For detailed information on regulations specific to your state and managed service fees, we invite you to arrange a discovery call with one of our account representatives.
Every medical business must adhere to regulations from the outset, from the initiation of their operations to ensure compliance with HIPAA standards. These regulations may be imposed by either state or federal authorities, depending on the circumstances. It's crucial for businesses to be informed about these regulations from the beginning to prevent any unintentional violations or illegal activities. In instances of legal queries or issues, it's advisable for doctors and other medical professionals to consult a healthcare attorney for guidance on the appropriate course of action.