4/10/12

Albers Featured in Healthcare Finance News Story on Affordable Care Act's Physician Payments Provision

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Matthew Albers, of counsel in the firm’s Cleveland office, was quoted in a Healthcare Finance News story titled “Sunshine Act provision adds transparency.”  The story was about the Affordable Care Act’s physician payments provision, also known as the physician sunshine act. The provision requires the reporting the healthcare-related financial dealings of doctors and hospitals who receive Medicare and Medicaid funding. 

The story states:

“The questions – and the potential fines from the Centers for Medicare & Medicaid Services of up to $1 million per year – don’t lend themselves to easy answers. But, industry experts say, the healthcare finance community need not sit idly by, waiting for clarification. In fact, the sooner more detailed financial information is gathered, the better.

‘I’d start asking (physicians) questions now and require them to disclose their financial relationships,’ said Matthew Albers of the healthcare practice group of Vorys, Sater, Seymour and Pease in Cleveland. ‘Ask and re-ask questions, at least bi-annually, as part of credentialing, if not more often. For hospitals, there’s no downside to having the information on file. For doctors, assuming everything is on the up-and-up, there’s no downside to disclosure.’

To read the entire story, visit the Healthcare Finance News website.