Practice Management & Ownership
HB-504, Beckley (Re-File from 86th)
Currently in Texas, PAs can become minority owners of a medical practice, whether that be an entity organized as a corporation, a professional partnership, a professional association, or a professional LLC with the purpose of providing services that fall within the scope of
practice of those practitioners. However, the PA is prevented from becoming an officer or participating in the business management of these partnerships. This, in effect, makes the
PA a “silent partner” in a business in which they have a financial stake. HB 514, authored by
Rep. 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 it
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.”