Physicians continue to see their professional services incomes decline. These same physicians are also keenly aware of their impact on high-margin services that, traditionally, have been provided in hospital settings (both inpatient and outpatient settings). Faced with the prospect of physician competition in areas such as outpatient imaging, ambulatory surgery and specialty diagnostics (like cardiology and neurology), hospitals are considering joint ventures or other arrangements with members of their medical staffs. These ventures and arrangements are complex and involve significant business, legal and regulatory issues. Our speaker, a seasoned health care transactional lawyer, will discuss the current environment surrounding physician-hospital transactions, exploring the most current models being employed around the country along with the attendant business and legal issues.