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Provider Relief Funds Received Under the CARES Act Impose Audit Requirements

Posted 1:00 PM by
In response to the global pandemic caused by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provided increased funding for existing programs and funded at least 20 new federal programs to help stimulate the economy.
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George Batalis Joins KSM as Managing Director of Healthcare Consulting

Posted 12:45 PM by
Katz, Sapper & Miller, a leading consulting, tax, and audit firm, is pleased to announce that George Batalis has joined the firm as managing director of healthcare consulting in its Healthcare Resources Group.
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Indiana Adds New Restrictions on Physician Noncompete Agreements

Posted 3:15 PM by
Indiana recently enacted legislation that will create new restrictions on physician noncompete agreements. Indiana Code 25-22.5-5.5 will affect physician noncompete agreements originally entered into on or after July 1, 2020. Under the terms of the new legislation, a physician noncompete agreement must include and satisfy certain provisions in order to be enforceable.
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How to Compensate Physicians in a Healthcare Crisis

Posted 4:10 PM by
When the Secretary of the Department of Health and Human Services issued blanket waivers of Section 1877 of the Social Security Act (also known as the physician self-referral or Stark Law), it relaxed fair market value (FMV) payment requirements in regard to provider compensation for “COVID-19 purposes.” Even if provider services and the related payments are thought to be compliant with the waivers, organizations should still maintain a sound structure and rationale for determining physician payment levels, and they should also develop a reliable process for administering the payments. One of the biggest concerns hospitals have is how to appropriately compensate their employed providers in light of the COVID-19 pandemic, whether they are providing additional services, being re-allocated to another department, or experiencing a large decline in production due to elective surgery restrictions. Here are a few recommended steps to take for each situation.
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COVID-19 Documentation Essentials for Healthcare Providers

Posted 3:15 PM by
Many healthcare providers have gladly welcomed the variety of economic relief programs designed to soften the financial blow during the coronavirus outbreak. As cash flow management concerns, changes in patient care, and operational issues take center stage, documentation of these funds and how they are used can easily be neglected.
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More COVID-19 Relief Funding on the Way for Healthcare Providers

Posted 8:27 PM by
The Department of Health and Human Services (HHS) has announced a new $20 billion distribution for healthcare providers from the Coronavirus Aid, Response, and Economic Security (CARES) Act Provider Relief Fund. Beginning on April 24, certain providers will receive funds based on information contained in their Centers for Medicare and Medicaid Services (CMS) cost reports.
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7 Important Actions for Physician Practices to Take During the Pandemic

Posted 9:55 PM by
The COVID-19 pandemic has created an array of obstacles for all healthcare providers. While many healthcare workers are front-and-center caring for those suffering from the disease, independent physician practices are suffering from declining patient volumes and a prohibition on elective surgeries. These financial challenges are forcing practices to assess how they can continue to operate during these turbulent times, as healthcare leaders triage their own practices. Here are seven important actions that all physician practices should be taking during this time.
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Healthcare Providers to Receive CARES Act Emergency Relief Funding Immediately

Posted 10:20 PM by
The Department of Health and Human Services announced April 10 that it is immediately beginning to distribute $30 billion of economic relief to eligible healthcare providers feeling the strain of expenses and lost revenue due to COVID-19. The funding is part of the healthcare-focused provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which designated $100 billion to the Public Health and Social Services Emergency Fund.
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7 Best Practices for Addressing Physician Compensation During a Crisis

Posted 12:40 PM by
The healthcare community saw the first warning signs of a pandemic that has upended the nation. As some providers race to the front lines to care for those most in need, others have been left with declining patient volume and dwindling cash flow.
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Hospitals May Utilize ASCs and Other Facilities for COVID-19 Patient Surge

Posted 10:45 PM by
The healthcare industry is collectively bracing for a surge of coronavirus-infected patients who need hospitalization. Estimates vary on when the wave of patients will crest, but rapid infection will undoubtedly strain existing resources, leaving hospitals with more patients than available beds or isolation areas. 
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