Comparison · Physician PC owner

Foundry vs ProMed Preferred: PC owner and MSO-PC formation compared

Both help MSOs that need a physician-owned PC. Here is how the public offers differ on scope, pricing, and multi-state setup, so you can pick the right fit.

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Direct answer

Foundry vs ProMed Preferred comes down to scope and pricing. ProMed Preferred markets an end-to-end PC administration service on its homepage: formation, banking, MSA drafting, credentialing help, billing audits, tax and government filings, and registered agent services, with a dedicated one-PC-to-one-MSO structure and physician owners licensed in the PC's state. Foundry focuses on two things with published prices: MSO-PC formation scoped to the states you treat ($15,000 one-time) and a matched friendly PC owner ($3,000/mo). If you want a broad outsourced PC back office, ProMed Preferred lists more ongoing services. If you want fixed published pricing and a state-by-state formation plan, Foundry is built for that.

This comparison uses ProMed Preferred's public homepage (promedpreferred.com) as reviewed on 21 October 2026 and Foundry's own published offer. Trademarks belong to their owners and are used here only to identify the companies. Confirm current details with each company. General information only, not legal advice. Foundry is not a law firm.

Side by side

	Foundry PC	ProMed Preferred (public homepage)
Core offer	MSO-PC formation plus a matched friendly PC owner	Physician PC ownership plus a PC administration stack
Structure	Your own physician-owned PC and MSO under an FMV MSA	Dedicated 1:1 PC to MSO structure
Physician owner	Matched to your states; a 50-state licensed physician when the footprint is wide	Physician owners licensed in the PC's state; multi-state licensed physicians available
Multi-state setup	Scoped state by state, including a Utah-formed entity where Utah requires it	Multi-state entity formations and optional foreign registrations listed
Ongoing admin listed	Formation papers, stock transfer restriction, and succession terms	Banking, credentialing help, billing and EMR audits, tax filings, registered agent
Published pricing	$15,000 formation; $3,000/mo PC owner	Not shown on the homepage when reviewed
Free research	CPOM 50-state guide with 51 state pages and a downloadable matrix	CPOM resources and a compliance checklist on its site

When ProMed Preferred may fit better

If your team wants one vendor to run the PC's bank account access, year-end tax filings, registered agent, and routine billing audits, ProMed Preferred lists those services on its homepage. That is a real difference in scope, and some MSOs want exactly that.

When Foundry may fit better

Foundry suits founders who want to own a clean structure and know the price up front. You get a formation plan for each state you treat, a physician who owns your PC, and documents a buyer or investor can read without a vendor in the middle. When you expand, the 50-state PC owner option matches a physician licensed where you go next, and the CPOM compliance operating test shows what diligence will check.

Questions to ask any PC owner vendor

Who is the physician, and in which states are they licensed today?
Is the PC dedicated to my MSO, and who signs its bank and payer documents?
What happens to ownership if the physician leaves? Ask to see the stock transfer restriction and succession terms.
How is the management fee set, and is there a fair market value basis?
Which states need a domestic entity (Utah does) and which accept a registered foreign PC?
What is the full price, one-time and monthly, in writing?

Our guide on how to vet a friendly PC owner has the longer list.

Foundry vs ProMed Preferred FAQ

What is the difference between Foundry PC and ProMed Preferred?

Both work with MSOs that need a physician-owned professional entity. ProMed Preferred's homepage describes a broad PC administration stack: setup and formation, banking, MSA drafting, credentialing help, billing audits, tax and government filings, and registered agent services, with physician owners licensed in the PC's state. Foundry publishes two fixed prices: $15,000 for MSO-PC formation scoped to the states you treat and $3,000/mo for a matched friendly PC owner.

Does ProMed Preferred publish prices?

We did not see prices on the ProMed Preferred homepage when we reviewed it on 21 October 2026. Check its site or ask it directly for a quote. Foundry's prices are published: $15,000 formation and $3,000/mo for the PC owner.

Which is better for a multi-state telehealth company?

It depends on what you want to outsource. ProMed Preferred lists multi-state professional entity formations and optional foreign registrations. Foundry scopes formation state by state, flags states such as Utah that require a domestic professional entity, and matches a 50-state licensed physician as the owner of your PC when the footprint is wide.

Is ProMed Preferred's CPOM checklist the same as Foundry's CPOM compliance guide?

They cover overlapping ground. Foundry's CPOM compliance page centers on the operating test (funds flow, management fee, and de facto control), a 13-clause MSA red-flag audit, and links to 51 state pages with official citations. Read both and use whichever helps your counsel most.

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