Kevin Ryan Quoted in Article, “Directors Focus on Health Care Solutions”Financial Executive May 3, 2012
Kevin Ryan, a Member of the Firm in the Health Care and Life Sciences practice, in the Chicago office, was quoted in an article titled "Directors Focus on Health Care Solutions."
Following is an excerpt:
Boards of directors are finding the cost of providing and maintaining health care benefits daunting, and the battle over the fate of federal health reform legislation, now in the hands of the Supreme Court, is only making things more uncertain, legal and business experts noted during a recent Directors Roundtable conference in Chicago?...
Expert speakers noted that several Fortune 100 companies have gone this route and are showing positive results in cost containment and employee satisfaction. Companies over the years moved away from hosting medical facilities on their own premises.
Besides the financial issues to be discussed prior to making such a decision, there are many legal questions that have to be answered, said attorney Kevin Ryan, who served as a panelist.
"It can be a little more complex than just saying, 'why don't we just hire a physician and put him in the office next door'" said Ryan. He pointed out in the Bulletin account that, by Illinois law, a corporation cannot set up a medical practice; doctors and other medical personnel would have to create their own legal entity so the business enterprise could avoid a potential conflict of interest.