How Can I Reduce My Risk of a Lawsuit?

How Can I Reduce My Risk of a Lawsuit?

So the very first way to minimize or maybe even completely eliminate the chance of getting sued is make sure that your business is structured the right way. There are 22 states in this country where you can own a medical practice and every state in the country looks to a medical spa as an actual medical practice. So you can own a medical practice without having any license whatsoever. I could go open a medical practice in any one of these 22 states. The rest of the states, you have to be some kind of medical professional.

Find out what your state’s laws are and make sure you set up your business according to the corporate practice of medicine laws so it’s on the right foot from the beginning.

Another issue is, the Good Faith Exam. you want to make sure that whatever the laws in your state require as far as Good Faith Exam, you find them out, you adhere to them. You want to have the right documents in place as well. whatever the particular procedure is, you’ll want to make sure that the patient is informed about what you’re getting into.

You want to talk about the risks, you want to talk about some other things. You want to have some language in there about not suing and indemnifying, things like that. So basic legal protections like that, you want to make sure they’re all neatly packaged in a form for your patients to understand and sign. You want to make sure the right language is in those forms and that you’re protected.

Another thing you want to do is if you have to do an MSO, because in your particular state you’re not allowed to have any ownership in the medical practice, or for example, in some situations you can be a part-owner of the medical practice and you can also run the MSO and be essentially the management company for your own shared medical practice.

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