Feds to Crack Down on Consulting Fee Kickbacks

Written by Reed Tinsley | March 22, 2009

An article from the New York Times on March 3, 2009 discusses statements by federal prosecutors that they plan to crack down on physicians who receive consulting fees from drug companies or device manufacturers.

Lewis Morris, the Chief Inspector of the OIG for HHS stated that "what we need to do is make examples of a couple of doctors so that their colleagues see that this isn't worth it."

Not all consulting agreements are illegal. It is possible to draft agreements in a manner that would meet the safe harbors contained in the anti-kickback statute.

To read the full story:

http://www.nytimes.com/2009/03/04/health/policy/04doctors.html?_r=2&emc=tnt&tntemail0=y

 

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized