Legal and practical healthcare information.
By Ralph Levy, Jr. and Brian Fleetham Physicians who are involved in the financial management of their practices are all too familiar with the year-end scramble to “zero out” the corporation’s profits. Under this technique, a physician practice that is structured as a “C” corporation will, after paying all of its year-end expenses, distribute its …
Continue reading “Renewed Perils from “Zeroing Out” a Corporation at Year-End”
By Peter Domas and Ralph Levy The Bipartisan Budget Act of 2015 (the “BBA”), which was signed into law in November 2015, contains significant changes to the way the IRS will audit partnerships beginning in 2018. These changes will also have far ranging effects to the way members of many limited liability companies must prepare …
Continue reading “New IRS Audit Rules: Is Your Healthcare LLC Ready?”
By Rose Willis Accountable Care Organizations (ACOs) are organizations that have accepted responsibility for the overall quality, cost and care of a defined group of beneficiaries in compliance with the rules established by the federal government. Because ACOs are the product of a concept established by the federal government, some might overlook the application of …
By Rose Willis The 60-Day Rule was enacted as part of the Affordable Care Act on March 23, 2010 and generally requires a person who has received an overpayment to report and return the overpayment by the later of (i) the date which is 60 days after the date on which the overpayment was identified; …
Continue reading “Physician Compliance Programs: What you need to know about the Final 60-Day Rule”
By Jay Hughes The Governing Board of every nonprofit health system considering a merger, change in control, sale or significant affiliation has a key role in the process and needs to be engaged throughout the planning, research, evaluation, negotiation, finalization and implementation of any transaction. Good planning at the beginning of this process will better …
As the healthcare world evolves, physicians are looking at various delivery system alternatives to ensure the longevity of their practices. Some will join a health system while others look for alternatives. One choice is a new trend in the healthcare field termed “Supergroups”. “Supergroups” are business entities made up of 30 to 200+ physicians and …
Continue reading “Getting to Know Dickinson Wright Healthcare Attorney Mark Wilson”
By Jordan Schreier On July 9, 2013, the IRS issued Notice 2013-45 which provides additional information regarding the delay in the information reporting and employer shared responsibility provisions of the ACA announced earlier in July. Notice 2013-45 does not provide much in the way of substantive detail other than to confirm the delay in the …
By Ralph Levy, Jr. The Internal Revenue Service recently concluded that recipients of incentive payments from CMS to utilize electronic health records must include the amounts received in gross income and that CMS must report these payments to the IRS. In addition, the IRS guidance (issued in the form of a Chief Counsel Advice) gave …
Effective January 1, 2013, Dickinson Wright PLLC expanded its practice in the Arizona and Southwestern U.S. legal and business communities, combining with Mariscal Weeks of Phoenix, Arizona, creating “Dickinson Wright/Mariscal Weeks”. This combination is part of a strategy that will solidify Dickinson Wright’s position as a leader in the North American marketplace and strengthen the …
Continue reading “DW Health Care Team – News & Success Stories”
Today, Dickinson Wright PLLC launches its latest blog: DW Health Law Blog. Our Health Law Blog will provide you with up-to-date information on new issues impacting the healthcare industry. The Blog will be updated on at least a weekly basis with posts on topics that affect the healthcare industry. Our goal is to help you …