Practice Resources

Establishing a Cost-shared Practice

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This lesson on advice for physicians working in cost-shared joint practices will provide commentary on the benefits of having a practice agreement between physicians in a shared practice and what should be included in a practice agreement.

Details are provided on important considerations and general provisions of a practice agreement along with an overview of the structure including the essential clauses, commencement, operation and termination of a cost-sharing arrangement.

Key Points

  • Essentials of a cost-sharing agreement
  • The nature of the relationship between the physicians in the cost-sharing agreement
  • The responsibilities of each participant
  • What happens when the cost-sharing arrangement is dissolved