Questions

What specialty compliance/regulatory legal services are available for a healthcare marketplace startup (e.g. RocketLawyer)?

Legal for: a) corporate structure with physician partners b) healthcare regulatory compliance c) medical contracts and agreements documents d) telemedicine ToS and Privacy

4answers

Hi,

I specialize in healthcare startups and have helped start and grow numerous healthcare organizations from IT to Clinical. It sounds like much of the work you are asking about can be done without an attorney or with less help from an attorney if you do much of the work up front. It has been my experience that healthcare attorneys which work in really large groups are very expensive. Of course expensive is a relative word.

One of my clients paid $750/hour for attorneys with a minimum of $20,000 per month. In that particular case, the company was a very large healthcare startup that was later sold to a major healthcare conglomerate. The cost was justified by the profit the company earned.

That being said, it also depends on where you are located. If you are a nationwide company you need an attorney who has a broad view of healthcare nationally. If you specifically work with Medicare, you need an attorney who knows about Medicare. The same goes for Medicaid except each Medicaid program and the amount Medicaid pays for services varies greatly from state to state. So, to use a line that all attorneys are taught, "it depends." I would need more information.

Meanwhile, I would suggest that you do a search on LinkedIn. My clients have used various attorney groups over the past few years. Some of my clients have used Mark Kaufman (New York).

I hope this helps.
All upvotes are welcome.
Best of luck,
Michael
Michael Von Irvin
Author, Consultant, Serial Entrepreneur


Answered 4 years ago

Hi,

I work in the security and privacy business in Europe and I can tell you a bit more about point d. You need to make sure you're bringing also an expert in compliance depending on your jurisdiction (e.g. HIPAA). You might need expert advice to know if you're doing enough to protect private information from patients. A lawyer might have a good knowledge of the regulations, however, a technical expert will also tell you if your measures are enough or if you're falling short and possibly liable.

If you're going to do business with Europe in any length, remember that we do have quite strict guidelines about privacy and is your responsibility to adequately protect patient's information.


Answered 4 years ago

I work with several start-ups in the "space" and have sold three Health-Tech clients to large US corporations. The above listed items are typically covered in the type of services I provide.


Answered 4 years ago

Types of Compliance: As you know there are multiple types of compliance in health care. For example these include HIPPA, FDA approval, CMS, JACHO, state insurance divisions, etc. Depending on what type of startup you are offering there will be different compliance requirements. As a result, different types of individuals may be needed. If you have a medical device, FDA and HIPPA are the big ones you need to think about. It sounds like you have a healthcare service you will be billing CPT codes for. A medical billing company would probably have most of the answers around compliance on that. I'm happy to speak more with you about your product, the specific areas of need and who the right people are to help in those areas from a compliance standpoint.


Answered 2 years ago

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