The Importance of Revisiting Your Corporate Documents
In many ways, the healthcare industry is in a state of constant flux. With legal and regulatory changes, increasing overhead expenses and shift into non-fee-for-service reimbursement, health care providers, including medical practices, ambulatory surgery centers, specialty pharmacies, laboratories and the like, face a number of challenges to remain viable and competitive. As a result, it is more important than ever for providers to periodically review and update their corporate documents (e.g., buy-sell agreements, deferred compensation agreements, employment agreements, etc.) to ensure the concepts set forth therein keep pace with the rapidly changing healthcare environment. Otherwise, you may find that your corporate documents no longer provide you with the protection and outcome you desire. Therefore, providers are well advised to make a nominal investment to update their corporate documents on a regular basis in order to avoid costly negotiations and litigation to resolve future disputes. Contact Frier Levitt today to speak to an attorney regarding your corporate documents.