What Happens to Your Medical Business/Practice After You Retire?

What Happens to Your Medical Business/Practice After You Retire? By Ian R. LifshutzRetirement plans for physicians and other healthcare professionals often carry unusual issues that do not affect regular businesses. This is because medical practices, Article 28s or other healthcare-related businesses have special licensure requirements attached in order for an individual to operate that type of business. These types of healthcare delivery-related businesses carry a number of additional concerns because there are often either approvals required by an oversight body for the new owners (Department of Health) or the healthcare business must be transferred to a very specific licensed professional which does not always permit inter-family transfers to guide a provider’s decision.

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Factors in the New York Article 28 Facility Approval Process

Factors in the New York Article 28 Facility Approval Process By Ian LifshutzMuch speculation and rumor exists in New York with regard to obtaining a Certificate of Need from the Department of Health for a Surgery Center or a Diagnostic and Treatment Center. These Certificate of Need facilities are sought after by doctors and non-doctors alike, since the ability to collect a facility fee provides a wide range of opportunities not available in a traditional practice. Additionally, it permits non-doctors to be owners of such a facility which is specifically approved by the New York State Department of Health.

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New York State Takes Aim at Physicians Committing Fraud

New York State Takes Aim at Physicians Committing FraudIn an attempt to go after No-Fault Insurance Fraud, New York State and Gov. Andrew Cuomo are seeking to expand current regulations regarding the information that physicians and clinics are required to provide. The expansion would include provisions that will bar suspected providers from participating in, and billing for, services under the No-Fault regulations of New York State.

According to a non-public “list” of suspected providers held by the office of Governor Cuomo, over 100 providers have been initially targeted. Letters are being sent to providers demanding certain information in connection with the investigation. The State has made it clear that such information can be turned over to the Department of Health (OPMC – Office of Professional Medical Conduct) and the Education Department (OPD – Office of Professional Discipline) for the purpose of bringing potential professional misconduct allegations against any physicians and other providers, whom they consider to be engaged in fraudulent activities for action to be taken against their license. Such information might also be shared with other government enforcement agencies.

Providers need to be aware of their rights, and what they are required to do and provide in light of the regulations, should they receive such letters.  In many cases, proper planning to make sure that a practice complies with relevant laws and regulations is important prior to any investigation.

Nurses: What to Do When the Hospital Unfairly Accuses You

Nurses: What to Do When the Hospital Unfairly Accuses YouHospitals often, for a number of reasons, raise quick and unfair allegations against their nursing staff. How you respond and handle these allegations is important. Knowing the resources available and their limitations is also important if you find yourself being unfairly accused, as well as preserving future options with respect to your license and nursing career.

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Fee-Splitting: A Dangerous Game

Fee-Splitting: A Dangerous GameEvery physician and health care provider has heard of the term “fee splitting”.  Unfortunately, few really look beyond the most simplistic application of the prohibition, a mistake that could have serious consequences for their career as fee splitting is a violation of professional misconduct regulations.

An allegation of fee splitting is more likely to arise in a dispute with a third party such as an insurance company, independent contractor, or an employee than it is by direct investigation by the Department of Health or Department of Education. This exposes a provider to a greater risk since an adversarial party is the one bringing it to attention of the Office of Professional Medical Conduct (OPMC) or Office of Professional Discipline (OPD in the case of a non physician health care provider).

Any arrangement where one party’s compensation or contract fees are based on a percentage of a provider’s revenue is likely to fall under fee splitting prohibitions. There are limited exemptions, one of the most common being partners/shareholders/owners of a professional organization or professional employee’s incentive bonus (providing they are the same license). Non-professionals do not have a license to lose and are not affected by an allegation for professional misconduct based on fee splitting. As laypeople the OPMC and OPD have no authority over them, so physicians and other health care providers must be extra cautious when dealing with them.