With hospitals maintaining their lowest operating margins in over a decade, and with one third of them maintaining negative operating profits, joint venturing with one another and physician groups is a fiscal necessity. However, these ventures are fraught with legal risks. Hospital joint ventures implicate a variety of federal laws, including those related to fraud and abuse, restrictions on tax exempt institutions, anti-trust restrictions, and the issuance of securities. This new book summarizes the pertinent federal laws implicated by joint ventures, identify risks, and presents strategies by which hospital executives can structure and operate joint ventures which meet their business objectives while minimizing compliance concerns.
User Ratings and Reviews
5 Stars Tremendous User Friendly Resource For Hospital Executives
The book is an extremely helpful resource for hospital and health system executives who need assistance in understanding the regulations governing joint ventures between hospitals and physicians. The author presents the material in simple prose and in a practical format. Moreover, in addition to identifying key compliance concerns, the author suggests potential safeguards to minimize risk. Perhaps most importantly he presents the material in a manner useful to an administrator or physician, breaking down the legal issues and potential safeguards into chapters on selecting investors, structuring the joint venture, and operating the joint venture.