"Recent Trends in Physician Compensation and Contracts"

April 25, 2017

News

Last week, The Ambulatory M&A Advisor discussed the importance of physician credentialing in the process of hiring a new physician to an ASC or Urgent Care business. Although credentialing is at the top of the list for most providers, taking a look at compensation plans and updated contracting is also an area that cannot be ignored.

Leslie Rojas, an associate attorney with The Health Law Partners, P.C., practicing healthcare regulatory and transaction law, says that while the initial contract is important, compensation is always the first thing on a potential employees mind.

Click here to read Isabelle Bibet-Kalinyak's quote from The Ambulatory M&A Advisor.

Over the past 24 months, the U.S. Department of Health and Human Services Office for Civil Rights has brought notable enforcement efforts against several non-profit covered entities and business associates, resulting in instances of six and seven-figure penalties against providers across the county for incidents involving breaches of protected health information.

A new amendment to New York state law, which would have required all healthcare providers to obtain separate consents from patients for treatment and payment is on hold until further guidance is released, according to the New York Department of Health.

On November 1, 2024, the Centers for Medicare & Medicaid Services issued the Medicare Physician Fee Schedule 2025 final rule, which establishes new advanced primary care management billing codes that will expand opportunities for physician practices, federally qualified health centers, rural health clinics and other health care providers to get paid for services provided by clinical staff under the direction of a physician, nurse practitioner or physician assistant beginning January 1, 2025.

"Recent Trends in Physician Compensation and Contracts"

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