PLDO ATTORNEY CREATES RI'S FIRST MEDICAL FRANCHISING BUSINESS MODEL

Business and health care attorney Joel K. Goloskie has paved the way for medical franchising in Rhode Island by developing and securing regulatory approval for the state’s first medical franchise business model. This model was designed to maximize compliance with other states’ laws and will have national implications. 

As health care costs increase along with regulatory mandates while reimbursement rates are declining, physicians are confronting a perfect storm and becoming frustrated with the traditional healthcare model. They are searching for a more effective delivery system that produces quality results and is better for their clients. Medical franchising has emerged as the next-generation distribution model that promotes a better patient-practitioner relationship, streamlines operations and reduces costs.

Attorney Goloskie has developed a platform on behalf of a physician that is in compliance with state and federal franchise regulations that has been approved by the Rhode Island Department of Health which will become a structure that may be franchised. As a result of this work, the client has the approval of regulatory agencies to offer physicians the ability to practice within a franchise structure in the areas of  physician-supervised weight management programs, bio-identical hormone replacement, food, vitamin and supplement therapy, aesthetic rejuvenations, intravenous drips, and other support systems in a cutting-edge methodology.

“Franchising in the health care industry is complex and highly regulated,” said Gary R. Pannone, PLDO’s Managing Principal.  “Joel’s innovative legal work has created a structure that satisfies the regulators and delivers to the client the opportunity to pursue franchisees who are like-minded, while at the same time establishes a model for future applicants who are interested in capitalizing on this cutting-edge distribution and delivery system.”

To learn more about medical franchising, read Attorney Goloskie’s recently released advisory entitled Medical Franchising: A Practice Model for the Millennium, which explores several innovative franchising models being employed by a growing number of physicians and addresses why medical franchising is poised for growth.