A corporation may be organized for the business of conducting a profession. These are known as professional corporations. Doctors, attorneys, engineers, and CPAs are the types of professionals who may form a professional corporation. Usually there is a designation P.A. or P.C. after the corporate name in order to show that this is a professional association or professional corporation.
Although no definite rule exists for determining whether one is an independent contractor or an employee, certain indicia of the status of an independent contractor are recognized, and the insertion of provisions embodying these indicia in the contract will help to insure that the relationship reflects the intention of the parties. These indicia generally relate to the basic issue of control. The general test of what constitutes an independent contractor relationship involves which party has the right to direct what is to be done, and how and when. Another important test involves the method of payment of the contractor.
Physician Service Agreement With Hospital Template
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How to fill out Agreement Between Physician As Self-Employed Independent Contractor And Professional Corporation?
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A Participating Provider Agreement (PPA) is a legal and binding agreement used by the Bureau of Family Health to pay for health services based on a fee schedule. By signing a PPA, the provider agrees to deliver services as set forth in their PPA.
As an employed physician, your contract should include a detailed description of what is expected from you. This includes the type of medicine being practiced, the amount of hours you are expected to work, your availability and on-call hours, outpatient care duties or administrative duties.
A participating provider agreement is a contract between a healthcare provider and an employee benefits plan. The agreement states that the provider will accept payments from the plan for services provided to patients covered by that plan.
A PSA is generally defined as a financial relationship between a physician practice and a hospital in which the physician practice remains an autonomous entity but the physicians are compensated by the hospital at fair market value compensation for their professional services.
Important clausesProfessional component and Medical administrative services.Management services and duties.Compensation.Relationship of the Parties.No Connection to Referrals.Term and Termination.Proprietor Confidential Information and Trade Secrets.Assignment.More items...?26-Oct-2020