A PSA Agreement (Physician Services Agreement) is a legally binding contract between a physician and a healthcare organization (such as a hospital or medical group). It outlines the terms of the physician`s services, compensation, and other important details.
One of the most important aspects of a PSA Agreement is that it must comply with federal laws and regulations, including the Stark Law and Anti-Kickback Statute. These laws prevent healthcare providers from making referrals for certain designated health services in exchange for financial incentives.
When drafting a PSA Agreement, it is important to ensure that all parties involved understand their roles, responsibilities, and obligations. This includes outlining the scope of services to be provided and the compensation structure (such as base salary, bonuses, and benefits).
In addition, the agreement should include provisions for termination, non-compete clauses, and confidentiality agreements. These details help protect the interests of both the physician and the healthcare organization.
A well-crafted PSA Agreement can also help prevent potential legal disputes and ensure that the physician`s services are aligned with the healthcare organization`s goals and objectives.
Overall, a PSA Agreement is an essential part of any physician`s relationship with a healthcare organization. It helps define expectations and responsibilities, protects both parties` interests, and ensures compliance with federal laws and regulations.