MEDICAL PC OWNERSHIP SOLUTIONS
We provide end-to-end Medical PC solutions, from physician ownership in a one professional entity to one MSO model to comprehensive administrative support for MSOs including PC Setup & Formation Services; PC Banking & Financial Infrastructure; PC Legal, Compliance & Governance; PC Employment & Credentialing Support; PC Tax, Regulatory & Government Filings; PC Billing Audits, Oversight & Quality Assurance in all CPOM states.
Included Initial Features
Setup & Formation Services
- Formation and initial registration of the Professional Entity (PC)
- Dedicated 1:1 PC–MSO structure, ensuring no other MSOs have access to or authority over your Professional Entity
- Multistate Professional Entity formations available, including discounted rates for multi-state MSOs
- Optional foreign registrations for multi-state operations
- DBA filings included (all state filing fees covered)
Banking & Financial Infrastructure
- Virtual bank account setup and ongoing maintenance for the Professional Entity
- Chase Bank Platinum service with a dedicated business banker
- Full authorized-user access granted to the MSO for the Professional Entity bank account
- Coordination and administration of Professional Entity owner draws
Legal, Compliance & Governance
- Drafting of a customized Management Services Agreement (MSA)
- Healthcare legal and regulatory counsel to ensure full Professional Entity compliance
- Legal review and contract redlining support for all PC-related agreements
- Employment or contracting of all licensed professional staff through the Professional Entity
- Access to discounted medical directors and collaborating physicians through our partner company
Included Ongoing Administrative & Compliance Services
Employment & Credentialing Support
- Preparation and administration of practice staff employment agreements
- Health plan credentialing administrative assistance (when applicable)
- License verification for all providers contracted or employed by the Professional Entity
Audit, Oversight & Quality Assurance
- Routine audits of practice billing, financials, and EMR systems
- Ongoing compliance monitoring to meet state and federal requirements
- Full authorized-user access granted to the MSO for the Professional Entity bank account
- Coordination and administration of Professional Entity owner draws
Tax, Regulatory & Government Filings
- Year-end Professional Entity tax filings through a preferred CPA (discounted rates available)
- Assistance with Department of Revenue tax obligations
- Support with Department of Labor and Workforce Agency compliance
- Compliance oversight with state Professional Licensing Boards for all PC owners
- Secretary of State entity compliance management
- Registered Agent services and reporting (fees included)
- Assistance with Department of Commerce and Insurance business licensing (when applicable)
- Support with applicable local city and county regulatory requirements
Medical PC Ownership
- Physician owners licensed in the state of professional entity
- Multi-State licensed physicians available for multi-state practices
- 1 PC to 1 MSO available
- Foreign (multi-state) PCs available for eligible multi-state practices
Medical PC Establishment
- Filing and registering PC with state agencies
- PC bank accounts setup
- Billing and insurance credentialing resources
Compliant Agreements
- Management services agreements (MSAs)
- PC operating agreements
- Employment agreements
- Medical director agreements
“ProMed Preferred has been an excellent partner for our MSO, allowing us to operate together efficiently, effectively and always in full compliance with the CPOM. They’ve provided expert guidance and support every step of the way as we purchased the assets of another practice and have worked together to build and grow our new practice and business.”
Craig Baitinger, Baitinger Management Services
About ProMed
ProMed Preferred and its physicians specialize in friendly PC solutions and have a deep understanding of practice protocols, patient care, and regulatory requirements. This knowledge can be invaluable to healthcare businesses, particularly those that are looking to provide high-quality care and stay compliant with regulations. ProMed utilizes attorneys who can draft Management Services agreements (MSAs), PC operating agreements, collaborative agreements between physicians and advanced practice providers, medical director contracts, and also assist with professional entity corporate compliance.
Frequently Asked Questions
What is the advantage of using ProMed Preferred?
ProMed Preferred not only identifies qualified PC owners for your MSO, but also manages extensive administrative responsibilities on both the front and back end. This ensures regulatory compliance while saving you thousands of dollars per year and eliminating countless administrative work hours compared to sourcing a physician independently.
How quickly can you find a physician owner?
Most matches occur within just a few days, as our physicians are licensed in all 50 states. Once the initial administrative fee is paid, the professional entity can be established promptly for MSO utilization.
Can my physician owner(s) also serve as the medical director?
Physicians sourced through ProMed Preferred serve exclusively as professional entity owners. However, we can quickly connect you with a qualified medical director through our partner company, Doctors for Providers.
If you prefer, you may also use a physician you already know and trust as your medical director.
How is ProMed Preferred different from other companies?
ProMed Preferred creates a dedicated Professional Corporation (PC) tailored specifically to your business—ensuring a true one-to-one structure. This eliminates the added liability and compliance risks often associated with umbrella-style PCs used by other companies.
Additionally, we provide two physician PC owners for every client. If one physician needs to step away, the remaining physician seamlessly assumes full ownership, ensuring the continuity, stability, and security of your professional corporation at all times.