Are you searching for information on forming an MSO or Management Service Organization for your medical practice or a healthcare business in San Diego or anywhere in California?  Healthcare businesses and medical practices form the backbone of the delivery of healthcare throughout the country and here in California.  How can the experienced and proven San Diego medical practice and healthcare business attorneys at the Watkins Firm assist with the formation of your MSO?  What are the risks associated with an MSO for physicians and licensed healthcare professionals?

The formation of an MSO or Management Service Organization allows physicians and healthcare businesses to leverage the extensive amount of investors and venture capital seeking to enter healthcare while increasing the quality of business services they provide while improving the experience and satisfaction of patients and clients.

California law requires at least one or more California licensed physicians to hold the majority ownership in a medical practice or medical corporation in our state.  Investors and sources of capital who are not licensed physicians may own an interest in or make an investment in a California Management Service Organization, and are not legally required to hold licensing in order to help form or own an interest in a part of the MSO.

Forming an MSO or Management Service Organization is a sound legal, ethical and business strategy to connect physicians and medical business interests with important working and investment capital. The MSO allows those with business operations, hardware and software, real estate, billing and collections expertise to improve the operational aspects of the practice or medical business while reducing overhead and improving patient satisfaction.

Pro-Tip: “Consider an MSO like your administrator for your business. But if you’re in the healthcare business, your administrator can’t do it all. It’s complicated. And there are actual schools that can take people to learn some of the things that your administrator’s supposed to do, like coding, like billing, like compliance, like HR, like leasing, like software programs. So many things that you have to deal with, and so many more client issues and patient issues you have to manage, that MSOs are a good option. Also, you can get non-licensed medical business professionals to partner with you and invest in your company to make you more profitable while you focus on being a doctor.

Now on the other side, business can really benefit a medical practice. All these technologies, all these experts are there to help you as a doctor, they can really help. And you can bring in resources, financial resources to make you stronger, more competitive. You can get better contracts, better pay contracts with your payers. All those things can be accomplished by MSOs with qualified resources and people in them.

Some of your biggest organizations in the United States are run by MSOs or a combination of MSO and other entities. Sometimes you get so big you have to have individual contracting entities that just do that. They go out and find you the best pricing, or they’ll work with a multitude of other healthcare practices and do a group location of better pricing and contracts for the doctors.” – Dan Watkins, Founding Partner

Forming a Management Service Organization or MSO for a healthcare related business is a complex financial and legal undertaking.  The Watkins Firm has served healthcare and medical businesses as well as San Diego physicians and their medical practices for decades.  We have extensive legal skill and experience with the formation of an MSO Management Service Organization.  There are genuine risks for licensed professionals in addition to a vast array of governance and regulatory compliance issues associated with an MSO.  Protect your practice, your financial interests and your professional license.  We invite you to review our podcast Episode 30 – Management Services Organization or MSO as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.