

Legal 123s with ByrdAdatto
ByrdAdatto
ByrdAdatto is a national business and healthcare law firm with offices in Dallas and Chicago. Founding Partners Brad Adatto and Michael Byrd meet a lot of interesting people and learn their stories. Running a business can be overwhelming, especially trying to keep up with all of the rules and regulations. A seemingly simple business decision can completely destroy your business based on layers of regulations and other unknown factors. This podcast is dedicated to helping you simplify these complicated issues and to illustrate practical solutions to obstacles through the power and wisdom of real client stories.
Episodes
Mentioned books

Jul 26, 2023 • 28min
Fake or Real: I Can Use Standing Orders for My IV Bar
In this episode, hosts Michael Byrd and Brad Adatto share the story of entrepreneurs who open an IV Therapy Bar in Alabama and the legal challenges they faced after receiving a Cease and Desist from the state’s Board of Medical Examiners. Tune in as we share the intricacies of operating a compliant IV bar and the rules and regulations that impact compliance. We discuss the limitations of standing orders, the significance of the good faith exam, and the implications of the corporate practice of medicine. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up to date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jul 19, 2023 • 32min
Fake or Real: I Can Respond to Negative Patient Reviews, with Jeff Segal, MD, JD
Online reviews have the power to shape and impact the reputation of a business. In this episode, ByrdAdatto Partner Jeff Segal, MD, JD joins us to share how health care practices can address negative patient reviews without violating patient privacy. We discuss HIPAA, risks associated with sending a Cease and Desist, and alternative approaches to de-escalate these situations. Tune in to learn how to safeguard your practice's reputation.Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics.Facebook: https://www.facebook.com/ByrdAdatto/Twitter: https://twitter.com/ByrdAdattoInstagram: https://www.instagram.com/byrdadattolaw/LinkedIn: https://www.linkedin.com/company/byrdadattoYouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jul 12, 2023 • 32min
Fake or Real: ChatGPT Can Now Effectively Draft My Contracts
This season's theme is Fake or Real, and in each episode we will decipher common legal urban legends. In this episode, we share ChatGPT's attempt to generate a Physician Employment Agreement. ChatGPT and artificial intelligence in general have made a big impact, revolutionizing the way tasks are automated and information is processed. However, there are limitations when relying solely on artificial intelligence. Tune in for our discussion on potential pitfalls and challenges in relying solely on AI to draft contracts and other legal documents.Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jul 5, 2023 • 7min
Season 13 Preview
In this episode, host Michael Byrd and Brad Adatto reflect on Season 12 of the Legal 123 with ByrdAdatto podcast. The theme for this season was "The Hitchhiker's Guide to M&A," and we were joined by clients and industry leaders who shared their experiences with M&A deals. In the latter part of the episode, we provide a sneak peek of what's to come in Season 13, which will kick off on July 12th. Make sure not to miss it!Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jun 28, 2023 • 32min
The Entrepreneurial Side of M&A with Nicole Chiaramonte
In the final episode of Season 12, we revisit a timeless episode featuring guest and long-time client Nicole Chiaramonte. Nicole made her first appearance on our show back in Season 4. Tune in for Nicole’s invaluable insights as a highly accomplished entrepreneur and prominent figure in the med spa industry. We discuss knowing the right time to seek help when embarking on a new business venture or acquiring an existing one. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jun 21, 2023 • 33min
Getting Your House in Order with Maven Financial Partners
In this episode, guests Jessica Nunn and Christin Trujillo of Maven Financial Partners discuss the different ways business owners can not only get their finances in order, but also understand what they mean. They share the important measurements businesses should focus on during each season of their business: building, operating, scaling and selling. Tune in as we highlight the importance of having a clear financial plan, the many benefits of good bookkeeping, and understanding your key performance indicators (KPIs).Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Visit https://byrdadatto.com/podcast/getting-your-house-in-order-with-maven-financial-partners/ to read the episode’s transcript which has been edited for readability.Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jun 14, 2023 • 30min
M&A Negotiations – Follow Your North Star
Hosts Michael and Brad share the story of a plastic surgeon who was ready to close his practice and retire, only to be approached by a private equity (PE) firm with an intriguing offer. Tune in as we dive into the negotiation side of M&A transactions. We discuss purchase price, employee retention, and the expectations PE firms have when acquiring a practice.You can read the Wall Street Journal study on happiness in America at https://www.wsj.com/articles/happiest-people-america-poll-ef7c854cVisit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Visit https://byrdadatto.com/podcast/ma-negotiations-follow-your-north-star/ to read the episode’s transcript which has been edited for readability.Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

Jun 7, 2023 • 32min
The Buyer Side of M&A with Cosmetic Physician Partners
In this episode of the Legal 123s with ByrdAdatto, we are joined by Daniel Schacter, CEO, and Sean Walsh, VP of Partnerships of Cosmetic Physician Partners (CPP). CPP, an alternative to private equity, is building a network of physician-led medical aesthetic clinics in the US. Daniel and Sean provide insights into the M&A process from the buyer's perspective, including challenges that slow down these transactions.Visit www.cosmeticphysicianpartners.com to discover more about Cosmetic Physician Partners.Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Visit https://byrdadatto.com/podcast/the-buyer-side-of-m-and-a-with-cosmetic-physician-partners/ to read the episode’s transcript which has been edited for readability.Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

May 31, 2023 • 31min
An Employees Perspective: Navigating the Sale of a Medical Practice
In this episode, we share the story of a physician who, only 10 months away from becoming a partner, learned the medical practice was being sold to a private equity (PE) firm. Although the physician was a top performer, he was not a partner yet thus missing out on the financial benefits associated with the sale. Additionally, the physician found themselves in the dark about crucial details about their employment until just four days before the deal's closure. Join us as we explore the challenges commonly encountered in private equity deals, discuss strategies for overcoming these obstacles, and assess the leverage that employees hold in such circumstances.Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics.Visit https://byrdadatto.com/podcast/an-employees-perspective-navigating-the-sale-of-a-medical-practice/ to read the episode’s transcript which has been edited for readability.Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg

May 24, 2023 • 32min
M&A in the Med Spa Industry with Alex Thiersch
In this episode, hosts Michael and Brad welcome Alex Thiersch, founder of the American Med Spa Association (AmSpa) and Partner at ByrdAdatto. Join us as we explore the world of med spas, discuss the future of the industry and the impact of private equity. Alex shares his advice for med spa owners considering selling their business. Tune in for Alex’s unique insights on the state of the industry.Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on breaking developments and interesting business and health care compliance topics. Visit https://byrdadatto.com/podcast/m-a-in-the-med-spa-industry-with-alex-thiersch/ to read the episode’s transcript which has been edited for readability.Facebook: https://www.facebook.com/ByrdAdatto/ Twitter: https://twitter.com/ByrdAdatto Instagram: https://www.instagram.com/byrdadattolaw/ LinkedIn: https://www.linkedin.com/company/byrdadatto YouTube: https://www.youtube.com/channel/UC6VSOw0W5lrrj4iIl1HxTbg


