Amanda Waesch, Esq., is a healthcare Attorney at Brennan, Manna & Diamond. Her practice focuses on healthcare, employment law and healthcare litigation across the country. She advises healthcare providers including practices and hospitals on reviewing and litigating employment agreements; non-compete agreements and severance agreements. Her work has benefited physicians and administrators in drafting and reviewing employer handbooks, as well as management and training issues.
Jan. 1 Deadline: Comply with NEW Stark Group Practice Rules
New federal Stark law “group practice” rules require that you modify how you calculate your practice’s profits and compensate your providers by the January 1st, 2022 deadline. Stark Rules.
These new rules were separated and deferred from CMS’ Sprint Regulations enacted earlier this year. They modify how you define your overall practice’s profits related to designated health services’ (DHS) referrals, and in turn how you distribute these newly calculated profits to compensate your providers. With these new Stark rules, you are no longer allowed to utilize “split pooling” either.
Failure to comply with these new Stark rules can result in significant financial penalties to your practice. So, making sure you are in compliance by the 2022 deadline is vital. This is where healthcare attorney, Amanda Waesch, JD, can help. During her online training, Amanda will break down the complexities of this new Stark rule into plain English. Then, she’ll walk you through exactly how to calculate your practice profits and compensate your providers to ensure your compliance.
Here are just a few of the practical, actionable Stark group practice rule implementation tactics you’ll receive by attending this expert-led online training.
- Maintain your qualification as a Stark group practice
- Overcome designated health services (DHS) referral restrictions
- Correctly include referrals in your provider productivity bonuses
- Accurately calculate your practice profits by your number of providers
- Pin down how provider immediate family members can affect your profits
- Overcome in-office ancillary service (IOAS) exception restrictions
- Determine if Medicaid revenue can be included in your profits
- Calculate provider productivity bonuses on a per capita basis
- Identify when to utilize the volume or value of referrals in your profit calculation
- Aggregate and distribute profits to avoid compensation errors
- Master profit pool allocations to avoid split-pool violations
- Clarify when service-by-service profits can be used in provider compensation
- Incorporate profits from sub-pools or “pods” into your practice profits
- And so much more…
IMPORTANT: Starting January 1, 2022, your prior method of allocating profits from DHS will no longer be Stark rule compliant. You must take the time to review your process to ensure compliance with these complex and confusing rules. Failure to comply with these new Stark law rules can have a serious financial consequence on your practice.
Whether your practice has yet to address the issue of complying with these new Stark rules, or you want to confirm what you have put in place is compliant, this online training is for you. There is only a little time left to ensure your compliance so waiting is really not an option.
Now is the time for your practice to ensure compliance with the complex new Stark “group practice” rules – before you miss the 2022 deadline. Failure to take action in soon could result in serious financial consequences for your practice. Don’t wait, register for this new Stark rules online training today.