IPS Partnership Levels with Associates
PLEASE CONSULT WITH A LOCAL HEALTH CARE ATTORNEY PRIOR TO DECIDING ON AN OPTION. The final choice would represent a joint decision among IPS, the potential associate, and legal counsel
OPTION 1: Joint Venture (JV)
A new legal entity is established in compliance with local and Federal regulations to provide the selected service (anesthesia, pain management, specific pain program, etc.), with ownership percentages dictated by regulation. The JV operates the program(s), with financial responsibility for operating costs determined by ownership percentage. Entities participating in the JV divide profits (income less agreed upon expenses) according to ownership. The entities participating are determined by State law. Pending a ruling by the Office of the Inspector General (OIG), this may not apply in the future to anesthesia practices.
OPTION 2: Specific Program Implementation
In certain situations, a facility or physician may wish only a portion of what is offered. In those situations, the JV model may not be optimal and other choices for program structure may be utilized (General/Limited Partnership, contract management, Independent Contractor, etc.). Legal counsel will be utilized to obtain the optimal structure for specific program implementation.
OPTION 3: Management Services Agreement (MSA)
In certain situations where an entity wishes to outsource management of an existing program, MSA relationships may be entertained. Even in situations where an entity desires such a relationship, an MSA may not be practical or legal. The obligations of an MSA would be contractually specified and would likely not include all the components provided under other formats.
OPTION 4: Consulting
The expertise of IPS is available on a Consultation basis independent of requiring an ongoing relationship. Each Consulting Agreement would be accompanied by the requisite non-disclosure agreements and the topics of consultation. The terms there of would be contractually specified.
Partner with IPS to Expand Your Practice Capabilities
Many facilities are impressed at our ability to decrease anesthesia costs, while simultaneously improving overall patient care and management combining techniques of yours and ours. Contact us at 888-337-3509 or firstname.lastname@example.org and set up a 10-20 minute information phone discussion with our Ambulatory Anesthesia and Pain Management Team.