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...
Health & Health Care Law
3 lessons from CVS’ recent acquisition of Signify Health
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...
What can my facility learn from the recent closure of NJ nursing home?
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...
Watch out for these two hurdles to healthcare M&A deals
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 big lesson after hospital system hit with $4M penalty for FCA violation
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...
What happens when a healthcare deal goes sour?
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...
What did we learn about EKRA in 2021?
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...
What should my practice know before moving forward with a merger?
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...
NY doctor faces three decades in prison for misuse of loans
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...
DOJ charges PTs and acupuncturists with millions in health care fraud
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...