In this episode of the #HealthLawHotSpot, host Ericka Adler welcomes Laura Goodman, Partner at FGMK, to explore the intricacies of setting up Management Services Organizations (MSOs) and Dental Service Organizations (DSOs). They examine the essential collaboration between legal and financial teams to ensure a solid foundation for these arrangements. Laura shares valuable insights on the initial financial steps to take when establishing MSOs and DSOs, the best structures on both the clinical and management sides to avoid See more +
In this episode of the #HealthLawHotSpot, host Ericka Adler welcomes Laura Goodman, Partner at FGMK, to explore the intricacies of setting up Management Services Organizations (MSOs) and Dental Service Organizations (DSOs). They examine the essential collaboration between legal and financial teams to ensure a solid foundation for these arrangements. Laura shares valuable insights on the initial financial steps to take when establishing MSOs and DSOs, the best structures on both the clinical and management sides to avoid overcomplication, and the critical distinction between expenses that should be allocated to the clinical entity versus the MSO/DSO. They also discuss how to determine a fair market value management fee to comply with state and federal laws, as well as tax pitfalls and IRS challenges that practices may encounter if they do not follow the financial structure outlined in the MSO/DSO agreement. Finally, Ericka and Laura address limiting expenses and regulatory issues when structuring MSO/DSO arrangements, and how obtaining the right advice can help clients avoid unfortunate outcomes. Tune in for a compelling conversation that equips you with the knowledge to navigate the complexities of healthcare management services. See less -
