Medical Practice Management
Jul 19

Bringing in a Physician Entity to a Malpractice Suite

There is a belief out there that physician entities, like physician corporations, never have to pay out on a malpractice suit. As most of us know, that is not necessarily the case.  In a recent Texas case, the estate of a cosmetic surgery patient who died from complications after nine hours on the operating table settled with the surgeon and his professional association (source: VerdictSearch).

Make sure the physician entity either has adequate mapractice coverage or at least has its accounts receivable asset protected (without the accounts receivable to go after, most physician practice entities have basically no assets).

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →