3 Things Psychiatrists Need to Know About the Anti-Kickback Statute

3 Things Psychiatrists Need to Know About the Anti-Kickback Statute

The Anti-Kickback Statute prohibits individuals and entities from offering anything of value, whether cash or otherwise, in exchange for any federal healthcare program business. Federal healthcare programs include Medicare, Medicaid, Tricare, Department of Labor health programs, and more. Any violations of the Anti-Kickback Statute (AKS) can result in civil fines, criminal penalties, and program removals....

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Does Your Practice Accept Medicare or Medicaid? You Need a Fraud, Waste, and Abuse Compliance Plan

Does Your Practice Accept Medicare or Medicaid? You Need a Fraud, Waste, and Abuse Compliance Plan

Illinois healthcare providers already face substantial challenges in delivering high-quality care to their patients. When you accept patients insured by Medicare or Medicaid, you also assume the additional legal obligation to ensure that you submit accurate reimbursement claims to the government. We are not simply talking about double-checking your bills for typos; you need a...

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How do I know if my employer can enforce my noncompete agreement?

How do I know if my employer can enforce my noncompete agreement?

Many Illinois doctors and healthcare providers do not take the time to review their existing employment contracts before leaving to start a new practice. This can be problematic if these contracts contain restrictive covenants, or “noncompete” provisions. Indeed, many doctors think they can simply ignore a noncompete agreement, set up shop across the street from...

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5 Things to Do Before Buying a Healthcare Practice

5 Things to Do Before Buying a Healthcare Practice

#1 – Review the books. Personally evaluate all liabilities and assets. This helps you understand how much business is necessary to sustain the practice, how adequately (or inadequately) employees are compensated, whether patient accounts are sent to collections, and whether the practice is something in which you want to invest. With the books in front...

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