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John Eriksen, Josh Freemire, Kevin Ryan
Please join Epstein Becker Green attorneys for the webinar, “Proactive Health Care Regulatory Compliance,” one of five in a fall series that will address how proactive compliance initiatives are critical to a platform’s operations, expansion efforts, and eventual monetization upon exit.
While the platform proceeds with expansion and other accretive initiatives, it is also critical to establish a parallel work stream focused on the establishment or expansion of a platform’s compliance program commensurate with the platform’s existing and growing operations. The platform should have an appropriate compliance infrastructure, such as designated compliance personnel, training, background checks for employees, reporting mechanisms for employees, documented remediation of any identified issues, and ongoing self-audits of billing, coding, and documentation. Key subjects of compliance are fraud, waste and abuse, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), the ability to respond to audits, licensure, the corporate practice of medicine, and other key regulatory compliance areas. Establishing and being able to demonstrate an effectively operating compliance function will help lower uncertainties and enhance a platform’s value upon an exit.
The fourth webinar in this series will address different approaches to enhancing compliance initiatives for platform companies to employ as they continue existing operations and expand operations via integrating new acquisitions. These proactive efforts can be effectuated in a cost-effective manner and be a key investment towards enhancing overall value of the growing platform.