Ericka Adler is joined by fellow shareholder Jonna Eimer to discuss concierge practices, how they differ from traditional practices and some of the unique challenges presented in drafting appropriate corporate documents. Ericka and Jonna explain what a concierge or boutique-style, membership-based practice is and why it differs from a traditional medical practice, especially when it comes to governance documents, compensation arrangements and exit strategies. They also discuss how practices handle membership fees, what can happen when a physician leaves and why planning for notice, replacement coverage and insurance can be critical. If you are part of a concierge practice, thinking of starting one or applying standard practice documents to a concierge model, this episode highlights the issues you need to be thinking about.
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