HHS Issues Regulations Regarding Notification of Breaches of Unsecured Protected Health Information

Posted by Jason Greis on August 26, 2009 under Articles | Be the First to Comment

On Aug. 24, 2009, the U.S. Department of Health and Human Services (HHS) published interim final regulations (the Rule) governing notification of breaches of unsecured protected health information (PHI) by HIPAA-covered entities and business associates. The Rule is one of several sets of regulations mandated by the Health Information Technology for Economic and Clinical Health Act (HITECH Act), enacted on Feb. 17, 2009, as a part of the American Recovery and Reinvestment Act of 2009 (ARRA). The Rule will be effective on Sept. 23, 2009. Read More...

LTACHs and other Post-Acute Providers are Not Eligible for Funds to Implement EHR Technology under the HITECH Act

Posted by Jason Greis on August 7, 2009 under Articles | Be the First to Comment

Many LTACHs and other post-acute care providers have inquired whether they are eligible to apply for and receive incentive payments to adopt certified electronic health record (“EHR”) technology under the Health Information Technology for Economic and Clinical Health Act (the “HITECH Act” or the “Act”).  To put it simply, the answer appears to be “no.” Read More...

Executive Compensation Limits under the ARRA: A Sign of Things to Come for Not-for-Profit Healthcare Organizations?

Posted by Jason Greis on March 15, 2009 under Articles | Be the First to Comment

The American Reinvestment and Recovery Act of 2009 (“ARRA”), which became law on February 19, 2009, restricts executive compensation for certain entities participating in the federal government’s Troubled Asset Relief Program (“TARP”).  Generally, these restrictions limit the types and value of certain compensation paid to executives and other highly compensated individuals in these entities.  The TARP entities are required to abide by these restrictions as a condition of receiving federal funds under the ARRA.  Several of the specific limitations on executive compensation in the ARRA are as follows: Read More...

GreisGuide to LTACHs Newsletter (March 2009)

Posted by Jason Greis on March 8, 2009 under eNewsletter | Be the First to Comment

This issue of the GreisGuide to LTACHs Newsletter contains articles and information on:
  • The American Recovery and Reinvestment Act Makes Technical Corrections to the MMSEA Favorable to LTACHs;
  • $15 Billion in Federal Relief Spending to Become Immediately Available for State Medicaid Programs;
  • “Heard it Through the Grapevine”–EBITDA Multiples Appear to be Down for Minority Interests in LTACHs;
  • Employee Free Choice Act (EFCA) Update:  Me Thinks Thou Dost Protest;
  • IRS Report Provides Insight into Community Benefit and Executive Compensation Practices of Tax-Exempt Hospitals;
  • News Posted in February; and
  • Upcoming Events

Please click here for a .PDF copy of this Newsletter. Read More...

Stimulus Legislation Expands Privacy Regulation for Health Care Businesses

Posted by Jason Greis on March 2, 2009 under Articles | Be the First to Comment

Health care providers and any businesses that provide information technology services for them will be subject to much greater regulation of their information security practices as a result of a major component of the recent economic stimulus legislation. Known as the Health Information Technology for Economic and Clinical Health Act (or the “HITECH Act”), this portion of the federal economic stimulus package is the most expansive modification to the federal privacy and security rules for health-related businesses since the 1996 enactment of HIPAA. Read More...

$15 Billion in Federal Relief Spending to Become Immediately Available for State Medicaid Programs

Posted by Jason Greis on March 1, 2009 under Articles | Be the First to Comment

LTACHs that are heavily dependent upon state Medicaid reimbursement should be aware that beginning Wednesday, February 25, the Federal government began distributing $15 billion in Federal funds to help states maintain their financially strapped Medicaid programs.  Many Medicaid programs have not paid providers in months, which, in turn, has impacted many providers’ ability to pay for key services and supplies.  The American Recovery and Reinvestment Act signed by President Obama last week sets aside a total of $87 billion in Federal funds for state Medicaid programs through increases in the Federal Medical Assistance Percentage (FMAP).   Read More...