Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.
Impact
The enactment of S08442 would significantly influence the operation of medical practices in New York State. By restricting corporate governance to licensed physicians, it aims to prevent potential conflicts of interest that could arise from non-physician management. Such measures are believed to contribute to more ethical medical practices and patient care integrity. Moreover, the bill addresses concerns regarding the commercialization of healthcare and the role of corporate entities in the management of medical services.
Summary
Bill S08442 seeks to amend New York's not-for-profit corporation law, business corporation law, and public health law in order to prohibit non-physician management services organizations from holding majority shares in or serving as directors of professional corporations that practice medicine. The bill asserts that physicians who are licensed in the state must hold a majority of shares and control the decision-making process of the corporation, thereby ensuring that medical practices remain under the purview of qualified medical professionals rather than business interests.
Contention
However, there are points of contention surrounding the bill. Critics argue that this may limit the operational flexibility of certain medical practices, particularly those that benefit from the expertise and resources provided by management service organizations. Concerns about maintaining efficient administrative functions and financial viability in the context of strict ownership rules have also been raised. The balance between healthcare quality and business acumen remains a contentious issue that this bill seeks to address.
Same As
Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.
Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.
Establishes an internationally trained physician licensure pathway program to allow qualified, foreign-trained physicians and physicians trained and/or licensed to practice medicine in a territory or possession of the United States to contribute to the healthcare system through supervised practice in designated shortage areas, ultimately leading to full licensure.
Establishes an internationally trained physician licensure pathway program to allow qualified, foreign-trained physicians and physicians trained and/or licensed to practice medicine in a territory or possession of the United States to contribute to the healthcare system through supervised practice in designated shortage areas, ultimately leading to full licensure.
Relates to the performance of medical services by physician assistants; provides that a physician assistant may practice without the supervision of a physician when such physician assistant is employed by a health system or hospital and is credentialed and given privileges by such health system or hospital, or when such physician assistant is licensed, has practiced for more than six thousand hours, is practicing in primary care, and is performing certain functions.
Relates to the performance of medical services by physician assistants; provides that a physician assistant may practice without the supervision of a physician when such physician assistant is employed by a health system or hospital and is credentialed and given privileges by such health system or hospital, or when such physician assistant is licensed, has practiced for more than six thousand hours, is practicing in primary care, and is performing certain functions.
Establishes a temporary practice authorization program for physicians, registered nurses and licensed practical nurses to practice in underserved areas.
Insurance: producers; continuing education credit carryover system for insurance producers who belong to a professional insurance association; provide for. Amends sec. 1204c of 1956 PA 218 (MCL 500.1204c).
Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.