SAK Management Services LLC; Northfield, Ill.
The health care industry is one of the most regulated industries with extensive federal and state governmental oversight. For instance, the industry is largely financed by monies paid under the Medicaid and Medicare programs, which require health care facilities receiving these monies to submit cost reports to federal and state governments that substantiate the monies received. The agencies regulating these facilities also have the ability to audit the facilities’ cost reports and obtain, as part of that audit, additional detailed financial information from the health care facilities—thus, the facilities’ finances are monitored and can be extensively reviewed. Moreover, state health departments are to survey and carefully monitor health care facilities to ensure that quality care is being provided, and those facilities can be fined or even lose their licenses for serious patient-care issues. Finally, as most health care facilities are licensed by state health departments, an extensive investigation is typically required when the license is first granted or on any subsequent transfer, merger or the like. Again, this is a situation where the state government is supposed to be reviewing the facilities’ operations. With all this oversight, one would expect health care facilities to be well-run, transparent businesses.
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ABI is pleased to announce your 2011-2012 Health Care Committee Co-Chairs, Robert A. Guy of Frost Brown Todd LLC and Clifford Zucker of J.H. Cohn, LLP. Mr. Guy will continue in his position as committee Co-chair, and Mr. Zucker advances to the Co-chair after serving as the Education Director from December 2009 until April 2011.
ABI would also like to thank Leslie Berkoff of Morritt Hock Hamroff & Horowitz LLP for her service to the committee as a Co-chair. Ms. Berkoff will continue to serve the committee as the Special Projects Leader.
Click here to view a full listing of your Health Care Committee leaders.
At the 29th Annual Spring Meeting, held March 31 - April 3, the Health Care Committee presented a session titled "Health Care on the Front Lines: The Coming Wave of Health Care Insolvencies, and What It Means for You." This session focused on the internal and external forces that have an impact on the healthcare industry, the 2010 Affordable Care Act, federal and state funding issues and the government crack-down on healthcare fraud. This panel included Thomas M. Barry of Cain Brothers in Pelham, N.Y.; Jeff J. Marwil of Proskauer in Chicago; Frank A. Oswald of Togut, Segal & Segal, LLP in New York; and Mark E. Toney of Grant Thornton LLP in New York.
Health Care on the Front Lines: The Coming Wave of Health Care Insolvencies, and What It Means for You
Click here to view all materials related to the Health Care Committee.
ABI is pleased to announce the arrival of it's newest publication, "The Bankruptcy Court's Watchdog: Examiners Today." This new publication, written by John C. (Kit) Weitnauer, walks practitioners through the appointment of an examiner in a bankruptcy case, the examiner's responsibilities, the selection and appointment process, the requirements for the examiner's final report and the examiner's fee structure. This comprehensive manual is replete with case law, with several appendices that contain examples from actual cases.
Did you know that all of ABI's publications are written by experts in the field and are widely used by the bankruptcy bar and bench? You can own these same publications by visiting the online ABI Bookstore. The ABI Bookstore carries over 40 publications, offers several bundled packages for your convenience and includes free ground shipping!
Click here to order your copy today and have it shipped directly to your home or office!
Do you sometimes wonder what your peers think about timely issues? Share ideas and knowledge on the Health Care Committee listserve. The listserve is a great way to converse with colleagues about current issues and cases. To post a question or comment, simply send an email to abi_health_care@dizzy.abiworld.org. To view previous discussions on the listserve, please click here.
