Doris Dike

Expert: How Entrepreneurs Can Own a Medical Practice

The wellness sector has been booming, and that has made various healthcare players interested in performing procedures and even owning clinics. However, these would-be entrepreneurs should proceed with caution, because they could cross the line into prohibited—and illegal—activity. Here in Texas, and in many states around the country, the “corporate practice of medicine” law prohibits corporations, entities, or non-physicians from owning medical practices. Its aim is to protect the general public from business owners more interested in maximizing their incomes than in providing patients with high-quality healthcare. But non-physicians interested in owning a health-related business often struggle to identify what… Full Story