My question involves business law in the state of: New York
I presently operate a private psychology practice. Presently, I am credentialed with numerous insurance companies, as well as Medicare/Medicaid.
I have decided to rent a larger space and bring in two 1099 (independent contractor) psychologists. My plan is to split the fee reimbursement 60/40 (40 for the 1099 psychologist). My questions are:
How does the billing to insurance companies work in this case?
1. Do the 1099 psychologists submit insurance claims through my credentials in my name?
2. Do the 1099 psychologists bill through those insurance carriers with whom they are credentialed and then split their reimbursement with me?
3. Does each 1099 psychologist need to become credentialed with the same insurance carriers as myself?
3. Will I need to be a PLLC to set this up?
Thank you very much for any clarity you can offer on this issue.