We help psychiatrists start their business, complete any transactions with their business, protect their license, sell their business, hire and fire workers and maintain compliance with board rules, Minnesota law and Federal law.
In Minnesota, a psychiatrist has many rules to follow ranging from Minnesota medical board propagated rules all the way to Federal Law. Psychiatrists are also often in many contracts with vendors, commercial real estate agents, insurance companies, employers, employees, independent contractors, partners and local, state and federal agencies.
Fee splitting is often a subject that is misunderstood by physicians and their agents. It is largely defined in Minnesota under Minn Rule 5620, but there may also be federal law considerations if the psychiatrist is accepting medicare or medicaid funding.
Psychiatrists should also take note of the endless amount of administrative rules that can suspend or revoke a psychiatrist’s license if violated. These are listed under Minn Stat 147.091. This includes language as broad and ambiguous as “conduct likely to harm the public.”
Often times psychiatrists will partner with other psychiatrists or professionals to form a multidisciplinary clinic. The Corporate Practice of Medicine Doctrine, as well as fee splitting laws and the Minnesota Professional Firms Act are all considerations that need to be considered in these arrangements.
Invest in experienced legal counsel so you can focus on providing quality care (and enjoying quality time for yourself) rather than guessing and worrying about the law.