Medicaid required bond for non-physician owners

[Bond Guy]

Medicaid requires a surety bond for non physician owners of a medical facility. Please advise the type and cost for a $50,000.00 bond 17. Ownership Certification for Physician Groups (Physician group applicants must complete this section. Do not complete for individuals linking to a group.) The applicant certifies the ownership of the entity as: 50% or more owned by physicians or a not-for-profit hospital, or More than 50% owned by non-physicians or a for-profit hospital. ($50,000 Surety Bond required if this box is checked.)

[Surety Queen]

Originally Posted by Bond Guy

Medicaid requires a surety bond for non physician owners of a medical facility. Please advise the type and cost for a $50,000.00 bond 17. Ownership Certification for Physician Groups (Physician group applicants must complete this section. Do not complete for individuals linking to a group.) The applicant certifies the ownership of the entity as: 50% or more owned by physicians or a not-for-profit hospital, or More than 50% owned by non-physicians or a for-profit hospital. ($50,000 Surety Bond required if this box is checked.)

I would recommend that you call our office to speak with the bond specialist who handles the Medicaid bonds. We don't write a lot of them because it's so specialized.