The changes require hospitals to disclose to patients whether they are physician-owned and the names of all physician owners, effective June 8.
The changes also require physicians to disclose hospital ownership interests to patients, if they refer a patient to that facility.
Hospitals that fail to comply may face having their agreements with CMS terminated, and physicians who fail to disclose ownership interests could lose hospital medical staff membership.
Read the CMS transmittal implementing physician-ownership requirements (pdf).
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
