# Provider agreement assignment

A term used when buying physical therapy practice.

Whether a Medicare agreement passes to the buyer, which depends on what the seller is.

The trade splits and the split decides the deal. A certified clinic or rehabilitation agency holds a provider agreement, and on a [change of ownership](https://searchspheresource.com/glossary/change-of-ownership) that agreement is automatically assigned to the new owner, carrying every condition it was issued under including any existing [plan of correction](https://searchspheresource.com/glossary/plan-of-correction). A therapist group in private practice is a supplier and holds no such agreement, so a change of ownership that also changes the tax identification number requires a new enrollment application from the new owner. Structure matters too. For a certified clinic, merging the provider corporation into another one is a change of ownership and a transfer of its stock is not, while a private practice reports any change in its ownership or control within thirty days.

Part of: Buying a Physical Therapy Practice (https://searchspheresource.com/guides/buying-a-physical-therapy-practice)

Source: https://searchspheresource.com/guides/buying-a-physical-therapy-practice/terms/provider-agreement-assignment
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt