New York, NY, February 17, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael R. Glick, Director, Healthcare Consulting Practice, Blue & Co., LLC will speak at the Knowledge Group’s webcast entitled: “Physician Integration Strategies: What You Need To Know in 2015.” This event is scheduled for June 2, 2015 from 3:00pm – 5:00pm (ET).
For further details, please visit: http://theknowledgegroup.org/event_name/physician-integration-strategies-what-you-need-to-know-in-2015-live-webcast/
About Michael R. Glick
Mr. Glick is a Director in Blue & Co., LLC’s Healthcare Consulting Practice focused in the areas of Hospital and Physician Integration, Clinical Service Line Strategy and Market Development.
Mr. Glick has more than 20 years of experience in business consulting and healthcare. For the past 15 years he has worked exclusively with hospitals and physicians and their practices. Mr. Glick has consulted on all aspects of healthcare management including physician practice integration, joint venture initiatives, revenue enhancement, service line strategic planning, and revenue cycle. Over the last 10 years, Mr. Glick has been actively involved in working with hospital and physician organizations on strategies focused on Physician Integration, including Service Line Co-Management, ACO/ Clinical Integration development, and physician leadership.
About Blue & Co., LLC
Blue is currently the 53rd largest accounting and consulting firm in the U.S. Blue specializes in providing services to healthcare organizations and closely-held businesses. They take pride in their reputation within the healthcare industry. Blue provides services to over 200 hospitals, nursing homes, home health agencies, and 800 physician groups throughout the country. They make it their business to understand their clients' needs by providing them with the highest quality professional services through specialization, teamwork, and a commitment to excellence.
Blue currently has offices located in Columbus, Ohio; Lexington, Kentucky; Louisville, Kentucky; Indianapolis, Indiana; Carmel, Indiana; Seymour, Indiana; Columbus, Indiana; Bloomington, Indiana; and Abilene, Texas. Their Louisville, Kentucky; Columbus, Ohio; and Indianapolis, Indiana offices are dedicated entirely to the healthcare industry. They employ over 300 people, including 34 directors and over 200 professional staff members.
Health care continues to evolve rapidly in the United States as do the relationships of hospitals and physicians. Several factors have been encouraging partnerships between hospitals and independent groups of physicians. The primary aim of these Hospital–Physician Integration Transactions is to reduce costs. But secondarily, it is to improve efficiency and the quality of patient care in response to the new health care laws.
Direct employment of physicians allows for easy compliance with federal and state regulations and enables collaboration on pricing that physician-hospital organizations (PHOs) do not. The alternative is closer collaboration with physicians without paying them a salary. Under Management services organizations (MSOs), hospitals administer the business and the physicians practice.
The hospital, or its affiliate, can purchases all of the assets of the physician practice and employ the physician or lease the practice. Federal fraud and abuse laws, including the Anti-kickback Statute (AKS) and the Stark Law come into play in such affiliations. The AKS prohibits the offering, payment, receipt, or solicitation of any re-numeration in exchange for referrals of federal health-care services. The Stark law is a strict liability, civil law that prohibits a physician from referring a ‘designated health services’ to an entity with which there is a financial relationship.
The hospital or health system should carefully consider which model fits the goals and objectives of its organization, to what extent physicians should be involved in the governance and management, that sound payment contracts exist, and that all physicians salaries and any rentals are at ‘fair market value’.
The Knowledge Group has assembled a panel of key thought leaders to provide the audience with an in-depth over-view and analysis of emerging Physician-Hospital Integration Strategies. Speakers will provide insight into sound strategies to ensure legally binding contracts and compliance with federal and state laws in 2015 and beyond.
Key topics include:
− Physician-Hospital Integration Transaction (PHIT) Models
− Physician Practice Acquisition
− Employment vs Practice Lease arrangements (PSA)
− Purchase of physician owned ancillaries services
− Legal Issues Associated with Physician Integration
− Anti-Kickback Statute (AKS)
− Stark Law
− Factors to Consider in Pursuing Physician Integration
− Choosing a Model that Fits Organizational Goals and Objectives
− Physician Involvement in Governance
− Assessing Physician’s Practice, etc.
− Compliance and Litigation Risks
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/