AMERICAN SOCIETY OF MEDICAL ASSOCIATION COUNSEL Lauren Bailey, VP of Legal Affairs, attended the ASMAC Fall meeting on November 16 through the 19th where attorneys representing many of the state medical societies, specialty societies, the AMA and private firms focused on representation of physicians across the nation, discussed the following relevant topics:
HEALTHSYNC DEVELOPMENTS HealthSYNC is excited to announce that we are now connected to Franciscan Missionaries of Our Lady Health System and Ochsner Health System and expect to be connected to LCMC Health in Q1 2023. The landscape of healthcare is quickly changing in our state while simultaneously alternative/quality payment model utilization is rapidly growing. The LSMS recognizes the pressure this puts on independent physicians across the state. Utilizing the HealthSYNC Health Information Exchange, we are exploring the creation of a Clinically Integrated Network to benefit independent physicians across the state. Participation in these models could increase reimbursements by 5-10% while improving patient outcomes. Other state medical societies have started or are currently pursuing this model as well, such as the Pennsylvania Medical Society. If you would like to learn more about participation in an LSMS Clinically Integrated Network, please reach out to Jeremy Lapeyrouse: jeremy@lsms.org.
• No Surprises Act/Update • Scope of Practice • Physician Unionization • National Practitioner Databank • Payer Audits • Physician Employment Agreements
For more information on CINs:
Clinically Integrated Network (CIN) | Definitive Healthcare (definitivehc.com)
These presentations, along with several other current legal issues highlighted very important healthcare issues and trends. Recognizing that understanding physician employment agreements is imperative to you we requested and were granted permission to share the presentation with you here.
The role of CINs in securing Value-Based Contracts (healthec.com)
EMPLOYEE RETENTION CREDIT
LAMMICO DEFENSE COUNSEL SEMINAR
Members of the LSMS Executive team including Jeff Williams, CEO EVP, Lauren Bailey, VP of Legal Affairs, and Maria Bowen, VP of Governmental Affairs attended LAMMICO’s Defense Counsel Seminar on November 9th through the 11th where they were able to network with many of our partners and participate in several wonderful sessions including the following topics:
An Employee Retention Credit is a refundable payroll tax credit, the purpose of which is to provide economic relief for small and medium businesses that retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both. If you believe you may be eligible, we strongly recommend you contact your Certified Public Accountant and inquire about such. There are reports of numerous companies nationwide aggressively qualifying employers while taking a percentage of the credit amount as payment. However, in some instances the taxpayer will be required to repay the money to IRS with interest and penalties, particularly if the taxpayer did not have a reduction in income but claimed a shutdown as qualification. For more information on eligibility: CLICK HERE
• Jury Consultation & the Juries of the Future • Shifting Litigation Landscape due to COVID-19 • Telemedicine & Virtual Care Treatment • Forensic Radiology
• MRP Trends & Impact of COVID Gross Negligence Doctrine Ms. Bailey and Ms. Bowen presented the 2022 Legislative Update.
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