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Legal Update

Recent media co­v­­er­age of the de­-bate surrounding an increased federal minimum wage as well as increased “salary basis” test to determine exempt status has drawn employers’ attention.
Recent media co­v­­er­age of the de­-bate surrounding an increased federal minimum wage as well as increased “salary basis” test to determine exempt status has drawn employers’ attention.
Practicing medicine is no long­er exclusively char­­acterized as providing patient care. A physician is now re­-quired to be a skilled clinician, a marketing guru, an entrepre­neur, an ac­countant, and a legal savant, given the level of financial hurdles and oversight that are required to run a successful practice today. With the advent of digital media marketing, a physician must also now add “web designer” to his or her skill set.
As medical practices planned for International Classification of Diseases (ICD)-10 and the im-­plementation of new diagnostic codes on October 1, 2014, practice administrators took steps to ensure that physicians and staff would be prepared. With the clock ticking down, staff had been signing up for training seminars, bringing experts onsite, and allowing extra coding time in the schedule, all to be sure that new codes would be entered accurately into patient claims beginning October 1.
A physician is now required to be a skilled clinician, a marketing guru, an entrepreneur, an accountant, and a legal savant, given the level of financial hurdles and oversight that are required to run a successful practice today. With the advent of digital media marketing, a physician must also now add “web designer” to his or her skill set.
Practicing medicine is no longer exclusively characterized as providing patient care. A physician is now required to be a skilled clinician, a marketing guru, an entrepreneur, an accountant, and a legal savant, given the level of financial hurdles and oversight that is required to run a successful practice today.
Effective September 23, 2013, your practice (whether hospital- based or private) is now required to have adopted changes to your current Health Insurance Portability and Accountability Act (HIPAA) policies and procedures.
The December 31 deadline is rapidly approaching for the repeal of Medicare’s sustainable growth rate (SGR) formula and avoiding an automatic 24.4% across-the-board reduction in physician payments in 2014.
It should be no surprise to read that medical practices have an obligation to maintain protected health information in certain ways, and to only use and disclose such protected health information as authorized by the patient or otherwise by law. Such requirements are set forth under the Privacy Rule.
If a medical practice misclassifies employees as in­dependent contractors, it may have significant monetary and tax ramifications.
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