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Nov 26

Dear Physician: Don’t get sloppy with your financial dealings with a hospital

I was reading the Whidbey Island Hospital District's Stark and Anti-Kickback civil monetary settlement with the government and it's a classic example of sloppiness. The Office of Inspector General contends the hospital had more than 100 violations stemming from its physician contracts and arrangements. Here are just a few of them and let this be a lesson to all physicians – even though the hospital is the one who got in to trouble, there are rumblings the government is eventually going to go after all participants in alleged compliance abuses:

1. Missing signatures on call-coverage contracts;

2. No contracts for medical staff leadership arrangements;

3. Office space lease that had a contract term for less than a year;

4. Missing signatures on hospitalist arrangements;

5. A housing allowance with no contract;

6. An equipment loan without a written agreement; and

7. Personal services agreement with term of less than a year.

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 →