Health systems that acquire physician groups take on compensation arrangements that carry Stark law obligations from the day of closing, according to an Oct. 12 blog post from Ntracts, a healthcare contract management company. Here are five things to know:…
Patsy Newitt
The Business Corner is a bimonthly column by Shakeel Ahmed, MD, CEO of St. Louis-based Atlas Surgical Group. The ancient Greeks gave time a god: Chronos. Unlike wealth, power or possessions, time could never be reclaimed once it had passed.…
Independence Blue Cross has contracted with ASCs for years, but its new ownership stake in a surgery center company signals the insurer decided contracts alone were not enough. “Contracting remains an important part of Independence Blue Cross’s strategy, but that…
Physician practices face a crowded 2027: a proposed Medicare pay cut, a mandatory specialty model, the end of MIPS and new rules for remote monitoring and same-day visits. Most of the changes come from CMS’ proposed 2027 physician fee schedule,…
Nashville, Tenn.-based Radiology Partners has secured approval from its bondholders to change the terms of some of its debt, clearing the way for its planned acquisition of Everlight Radiology, according to an Oct. 12 news release. Holders of more than…
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Atlanta-based CRH Anesthesia, a subsidiary of CRH Medical Corp., has acquired a majority interest in Southern Colorado Anesthesia Associates, which provides anesthesia for GI procedures in the Colorado Springs market, according to an Oct. 6 news release. The deal creates…
California’s Office of Administrative Law on Oct. 2 approved updated Office of Health Care Affordability regulations implementing Assembly Bill 1415. The regulations expand which private equity, hedge fund, MSO and real estate transactions must be reported to the state. Here…
A Cushing, Okla.-based chiropractor and business owner has been sentenced to 14 years in prison for his role in a scheme that billed Medicare, Tricare and Champva more than $30 million for orthotic braces, continuous glucose monitors and other durable…
Clinical judgment is the most common contributing factor in cardiology malpractice claims. Claims involving patient behavior, such as not following treatment regimens, carry the highest average payment, at more than $425,000. Napa, Calif.-based The Doctors Company analyzed 321 analyzed cardiology…
A Boston physician has been sentenced to 36 months in prison for her role in telemedicine fraud and kickback schemes that led to more than $40 million in fraudulent claims to Medicare and Tricare, according to the U.S. Attorney’s Office…