Breaking Barriers: The Repeal of Certificate of Need and Its Impact on Independent Healthcare
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Breaking Barriers: The Repeal of Certificate of Need and Its Impact on Independent Healthcare
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In this episode of Portfolio Pulse, host Steven Huskey sits down with Dr. Marcelo Hochman, founder of the Facial Plastic Surgery Center and president of IndeDocs, to discuss the monumental repeal of South Carolina's Certificate of Need (CON) law. Dr. Hochman explains how CON laws had restricted healthcare expansion by requiring state permission for new facilities and services, often leading to monopolistic practices. With the repeal, opportunities are emerging for independent physicians and investors alike to establish new practices and facilities without excessive regulatory barriers. Dr. Hochman delves into how this change will allow for a more diverse, patient-focused healthcare landscape, particularly benefiting rural communities, and discusses the broad investment potential this opens up in South Carolina’s medical sector.