Mar 22

Feds Plan to Crackdown on Kickbacks Involving Consulting Fees

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.

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About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →