Hospital Employment of Physicians: Diagnosing the Risks
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Hospital Employment of Physicians: Diagnosing the Risks
By Shawn M. Riley, Cleveland Managing Member & Rick Hindmand, Member, McDonald Hopkins
Over the past decade, hospitals have been busy acquiring physician practices. This article provides an overview of this trend, considers the reasons behind it, describes some risk factors relating to this shift toward physician employment, and then suggests some safeguards for health systems and...
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Shawn M. Riley heads the Cleveland office of McDonald Hopkins and founded the firm’s Business Restructuring Services Department. For over 25 years, he has advised businesses in a number of industries ranging in size from $10 million in revenue to multibillion dollar public companies on strategic alternatives, including acquisitions, sales, mergers, affiliations, refinancing, recapitalizations, and restructurings. In the healthcare industry, Riley has advised community and rural hospitals and long-term care facilities. Although resident in the Cleveland office, his clients are located throughout the eastern U.S.
Rick Hindmand focuses his practice at McDonald Hopkins on healthcare regulatory, data privacy, cybersecurity, corporate, and transactional matters. He represents physicians and other healthcare providers and organizations in structuring group practices, joint ventures, medical device companies, ambulatory surgery centers, provider networks, and ancillary services, as well as physician/hospital alignment strategies and involvement in accountable care organizations (ACOs). Hindmand’s services extend to various corporate and transactional matters, including practice acquisitions and managed care, billing, management, employment, independent contractor, and other service arrangements.
