Practice Management & Ownership
87th Legislative Bill Number: HB504
Bill Author: Rep. Michelle Beckley
Currently in Texas, PAs can become minority owners of a medical practice, whether that bean entity organized as a corporation, a professional partnership, a professional associationor a professional LLC with the purpose of providing services that fall within the scope ofpractice of those practitioners. However, the PA is prevented from becoming an officer orparticipating in the business management of these partnerships. This, in effect, makes thePA a “silent partner” in a business in which they have a financial stake. HB 514, authored byRep. Michelle Beckley (D-Carrollton), is seeking to allow PAs to be officers and to be able to participate in the management of medical practices in which they have a minority ownership stake.
The bill does not change the ownership stake of any partner, nor does interfere with the medical judgement of anyone in the practice.This is the second legislative session that TAPA has introduced this bill. In 2019, the bill was passed unanimously out of the House Public Health Committee.