How Bankruptcy Can Maximize Health Care Businesses' Value
By Adam Harris and James Bentley ( October 4, 2017, 5:12 PM EDT) -- Health care businesses, particularly health care facilities and physician practice groups, currently face significant challenges as the industry continues its transition from traditional fee-for-service models that compensate providers for procedures performed toward so-called "value-based" models that compensate based on the results of services. In addition, these businesses must comply with laws such as the Patient Protection and Affordable Care Act, which requires additional reporting and costly business improvements while simultaneously reducing government reimbursement for certain programs. This confluence of new regulations and lower reimbursement rates is causing distress for many providers who often do not have sufficient capital to comply. Exacerbating this stress is uncertainty over whether the existing regulations will remain in effect or be replaced. Thus, many of these providers are either partnering or merging with other providers to achieve economies of scale, resulting in an unprecedented level of consolidation within the industry....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.