What are university faculty practice corporations? Are they subject to the OBS law?
University faculty practice corporations are a special type of not-for-profit corporations. They can be formed to practice medicine, as well as a few other professions. All officers and directors of a medical corporation must be physicians and must be members of the faculty of the same accredited medical school. In addition to practicing medicine, the physicians also provide clinical instruction and supervision of students, interns and residents of the school with which they are affiliated. Whether they are subject to the OBS law depends on the nature of their private practice and the arrangement that they have with the medical school. The answer will have to be determined on a case-by-case basis.
