The Consolidated Appropriations Act (CAA) of 2023 introduces significant changes to how hospitals and healthcare entities can support their physicians, especially concerning their mental health and resilience. Notably, this act includes a new exception to the Stark...
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Antikickback Statute and the pharmaceutical industry: Important lessons from recent case
The Antikickback Statute (AKS) aims to prevent improper financial incentives that might influence healthcare decisions. This law essentially makes it illegal for any entity to knowingly offer, pay, or receive any remuneration to induce referrals of items or services...
Strategic succession planning for healthcare businesses: Should I find a buyer?
In the dynamic landscape of healthcare, owning a private practice or a healthcare business often involves complex considerations when planning for retirement or exit strategies. For many healthcare professionals, finding an investor or a buyer represents a viable path...
Addressing PTSD in nurses post-pandemic: Strategies for relief and preventing burnout
The COVID-19 pandemic has left a profound impact on healthcare professionals, particularly those who served patients on the front lines. Recent data has found that providing care during and after the pandemic has resulted in a surge in post-traumatic stress disorder...
The generation gap in medical practices: How can groups find success?
In today’s healthcare environment, leaders face the challenge of managing a diverse workforce that spans multiple generations. Each group, from Baby Boomers to Generation Z, brings distinct expectations and work styles to the table. It is important for leaders within...
Nurse faces penalties for taking pain pills: Three important lessons
Few professionals work as long or as hard as nurses. This career is demanding, but also rewarding. With little sleep and high expectations, it is no surprise that some find themselves fighting headaches or physical pain from the demands of the job. In some cases, a...
Healthcare leaders take note: Three tips to build positive workplace culture
There are many elements that come together to make for a successful healthcare business. When it comes to a productive workforce, whether administrative staff, physicians or executive board members, the benefits of a positive workplace culture cannot be understated. A...
How should my private practice handle Medicare overpayment notifications?
A Medicare overpayment notification indicates that the government believes it overpaid the practice for services provided. This situation not only impacts financial standing but also compliance with federal regulations, making it important for healthcare providers to...
When is a medical contract too good to be true?
Physicians looking to enter the market or change positions in an already established career are wise to carefully review the terms of any proposed offer. These offers can include an array of concerning provisions, from noncompete agreements and other restrictive...
Exploring merger and acquisition strategies in New York’s healthcare sector
Mergers and acquisitions (M&A) play a pivotal role for growth and adaptation of healthcare businesses. Leaders in the healthcare industry may consider various M&A options to expand their capabilities, enter new markets, or enhance their services. This is...