Due to a potential defective corporate structure, owning more than 49% of a multi-disciplinary practice leaves NJ Chiropractors at high risk.
The Recommendation:
License as an Ambulatory Care Facility
A recent Supreme Court decision has proven to have an adverse impact on Chiropractic multi-disciplinary practices and “Friendly PC” arrangements for Chiropractors operating in NJ. As a result of a potential defective corporate structure, Chiropractors who own more than 49% of a practice may be unknowingly in violation of The Insurance Fraud Protection Act.
As a result of this Supreme Court Decision, legal counsel highly recommends licensing a multi-disciplinary practice as an Ambulatory Care Facility for Primary Care through the NJ Department of Health. This structure affords the Chiropractic owner(s) protection against this ruling. Licensure also allows for 100% ownership by the Chiropractor(s) and circumvention of adverse impacts a potential defective corporate structure may pose.
Our group streamlines the Licensing process for multi-disciplinary practice groups in NJ. We work directly with non-physicians, providing consultation and interpretive guidance tailored to the needs of the business, as well as the licensure requirements per N.J.A.C. Title 8 Chapter 43A Standards for Licensure of Ambulatory Care Facilities. As a result, non-physician owners will be afforded numerous opportunities that were previously unattainable, primarily 100% ownership.
