Common use of Ethical Considerations Clause in Contracts

Ethical Considerations. The American Medical Association's Code of Medical Ethics states that physicians should not refer patients to facilities in which they have an ownership interest unless such physician directly provides care or services to such patient at the facility. Because physician investors will be providing lithotripsy services, the General Partner believes that an investment by a physician will not be in violation of the American Medical Association's Code of Medical Ethics. In the event that the American Medical Association changes its ethical code to preclude such referrals by physicians and such ethical requirements are applied to facilities or services which, at the time of adoption, are owned in whole or in part by referring physicians, the Partnership and the interests of the Limited Partners may be adversely affected. State Regulation

Appears in 3 contracts

Samples: Confidential Private Placement Memorandum (Prime Medical Services Inc /Tx/), Confidential Private Placement Memorandum (Prime Medical Services Inc /Tx/), Confidentiality Agreement (Prime Medical Services Inc /Tx/)

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Ethical Considerations. The American Medical Association's Code of Medical Ethics states that physicians should not refer patients to facilities in which they have an ownership interest unless such physician directly provides care or services to such patient at the facility. Because physician investors will be providing lithotripsy services, the General Partner Lxxxx believes that an investment by a physician will not be in violation of the American Medical Association's Code of Medical Ethics. In the event that the American Medical Association changes its ethical code to preclude such referrals by physicians and such ethical requirements are applied to facilities or services which, at the time of adoption, are owned in whole or in part by referring physicians, the Partnership and the interests of the Limited Partners may be adversely affected. State Regulation.

Appears in 1 contract

Samples: Confidential Private Placement Memorandum (Prime Medical Services Inc /Tx/)

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