The Memorandum of Association of Healthcare Company serves as the constitutional document for healthcare organizations operating in the United States. This document is essential when establishing a new healthcare entity or restructuring an existing one. It must address both standard corporate requirements and specific healthcare industry regulations at federal and state levels. The memorandum outlines the company's healthcare-specific objectives, operational scope, compliance frameworks, and governance structure while ensuring alignment with HIPAA, ACA, state licensing requirements, and other relevant healthcare regulations.
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1. Company Name and Details: Legal name, registered address, and type of company
2. Purpose Statement: Primary objectives and scope of healthcare operations
3. Capital Structure: Authorized share capital, classes of shares, and rights attached
4. Member Liability: Extent of member liability and limitations
5. Directors and Management: Governance structure and management framework
6. Compliance Framework: Basic compliance obligations under healthcare laws
1. Special Healthcare Services: Details of specific medical services to be provided when company focuses on specific medical specialties
2. Research and Development: R&D activities in healthcare, included for companies involved in medical research
3. Interstate Operations: Multi-state operational framework for companies operating across multiple states
1. Schedule A - Initial Shareholders: List of founding members and shareholding
2. Schedule B - Healthcare Licenses: Required licenses and certifications
3. Schedule C - Compliance Procedures: Detailed compliance protocols for healthcare operations
4. Schedule D - Board Structure: Detailed governance framework
5. Schedule E - Medical Advisory Board: Structure and role of medical advisory board
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