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Getting ready to sell a medical practice is a big step. Whether looking towards retirement, a volunteer focus, or other endeavors it is important to take time and care when going through this transition. When done wisely you can not only get a decent price for the...
The healthcare industry is constantly evolving. The way we practiced medicine in previous generations is not the same as how we serve patients today. Groups that want to thrive need to make changes to stay relevant — as was recently highlighted with CVS Health Corp.’s...
A nursing and behavioral center located in New Jersey that served residents of New York and New Jersey is set to close in a matter of weeks. The New Jersey Department of Health revoked the facility’s license due to a failure to correct violations. The agency claims...
Healthcare merger and acquisition deals can result in a final product that better serves its community. These deals can preserve or increase quality care while also making for a more efficient product. But sometimes these deals face hurdles. In some cases, the hurdles...
One of the largest, private for-profit hospital systems in the nation agreed to pay over $4.5 million to settle allegations that it violated various federal laws, including the False Claims Act (FCA). The healthcare corporation, Steward Health Care System LLC, owns...
Not every business transaction goes according to plan. The target organization may focus on different goals than you had intended or, if looking at a merger, the two cultures may not mesh. Whatever the reason for the flop, a deal that turns sour can be more than just...
Lawmakers enacted the Eliminating Kickbacks in Recovery Act (EKRA) in 2018 to help address the use of illegal kickbacks to physicians who would refer patients to certain treatment centers. Unfortunately, because drafters wrote the law so broadly it likely extended...
Providing quality care can mean joining with another group. Finding the best combination can take time and effort, but even when groups work out the agreement between themselves and decide to merge, they can find unexpected roadblocks. It is important for leaders...
The United States Attorney's Office of the Eastern District of New York recently announced that a New York doctor pleaded guilty to allegations of fraud. The feds claim the physician violated the law when he misused the Paycheck Protection Program (PPP) and Economic...
The United States Department of Justice (DOJ) recently announced it will pursue health care fraud charges against 6 physical therapists (PTs) and 2 acupuncturists who run facilities in New York. The feds claim the professionals developed a multi-million-dollar health...
