Private Practice

Hiring and managing employees can be a daunting task considering the vast range of items necessary: determining what kind and the number of employees you need, developing job descriptions, advertising, interviewing, performing background checks, determining the hourly wage and benefits that will be offered, hiring, completing I-9 and W-4 forms, developing an employment agreement, creating an employee policies handbook, establishing payroll services, determining the managerial structure of the office, addressing department of labor requirements, regular employee performance reviews, and other issues.

These items require legal and professional considerations that compound the complexities. You can work through these considerations on your own if you want to do the work. At Physicians Thrive, we have dedicated Human Resource specialists, Attorney, Business Developer Professional, Financial Analysts, and Consultants who have already worked through all of these issues to provide you with everything you need for every employee from the start.

Every medical practice business owner should incorporate for tax and legal reasons. This will separate the business liability from the doctor’s personal liability, as well as create tax benefits. The most common corporations to form are S-corporations and Limited Liability Corporations. There are legal and tax considerations for each of these which should be discussed with an attorney and accountant. Most states have website portals to allow individuals to incorporate on their own instead of going through an attorney.

However, there are documents that will need to be created for your business such as Article of Incorporation and an Organizational Agreement that most people will have difficulty developing. At Physicians Thrive, our attorney and accountant routinely deal with these issues. They can determine what is best for your situation, and develop the documentation you will require.

Do you remember all of those documents that are necessary for patients to read and sign? Those need to be created. When patients check-in for the first time they have to complete a New Patient Registration and sign a Financial Agreement. They have to read and sign a HIPAA Disclosure. You may need a form giving Permission for Treatment of a Minor.

There are Consent for Procedure forms, the Medical History form, Records Request forms, Collection Letters, School/Work Excuse forms, and more. These documents may carry legal implications. You will need to research and develop each of these documents in conjunction with your attorney. At Physicians Thrive, we have developed templates for all of these forms. If you want to utilize our resources all you will need to do is put your Practice Name at the top of the form.