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 New Jersey Supreme Court decision has had an adverse impact on chiropractic multi-disciplinary practices and “Friendly PC” arrangements. As a result of potentially defective corporate structures, non-physicians who own more than 49% of a practice may unknowingly be in violation of the New Jersey Insurance Fraud Protection Act.
In response to this ruling, legal counsel strongly recommends Licensing multi-disciplinary practices as Ambulatory Care Facilities for Primary Care through the New Jersey Department of Health. This Licensure structure protects non-physician owners from the implications of the decision, allows for 100% ownership, and mitigates risks associated with defective corporate structures.
Our group streamlines the New Jersey Department of Health Licensure process for multi-disciplinary practices. We work directly with non-physician owners, providing tailored consultation and interpretive guidance to ensure compliance with N.J.A.C. Title 8, Chapter 43A (Standards for Licensure of Ambulatory Care Facilities). Through this process, non-physician owners will be afforded numerous opportunities that were previously unattainable, primarily 100% ownership.
