Governance matters to credit rating agencies, according to Lisa Goldstein of Moody’s Investors Service. At the iProtean Symposium last week, Ms. Goldstein presented the scorecard used by Moody’s to assess governance and management. The five core elements of governance used by Moody’s include: Whether the board and management exhibit leadership capability in stable and […]
The Department of Health and Human Services Office of Inspector General (OIG) conducts audits, investigations and evaluations to ensure compliance with laws and regulations for Medicare, Medicaid and more than 300 other HHS programs. The OIG issues its work plan each year, and the work plan provides significant signs about OIG activity and investigations […]
Blog submission by Anne McGeorge, national managing partner of Grant Thornton LLP’s Health Care Practice Health care as a business is changing dramatically. Between health care reform, shrinking reimbursements, accountable care, electronic health records, new technologies, growing scrutiny from regulators and other transformative aspects of health care, hospitals and health care systems are under […]
“There is no deadline for a state to tell our Department [CMS] its plans on Medicaid eligibility expansion,” said Marilyn Tavenner, acting administrator for CMS in a letter to the Republican Governors Association last week. Tavenner’s letter to the Republican Governors Association was in response to questions stemming from the U.S. Supreme Court’s recent […]
The requirements for governance have become more stringent and the work of being a director has become more demanding. Clearly, boards need to be more informed about a whole variety of areas of finance, of quality, of human resources, of technology, of how they play together. Boards need a more sophisticated and diverse understanding of […]
The cost of keeping hospital and health system boards informed about the issues of the day has been increasing dramatically; yet the need to provide low-cost, quality board education is more acute than ever. Hospital and health system boards may take a lesson from the world of higher education—that is, exploiting new technology to […]
“What a time to be involved in healthcare . . . our healthcare industry is under transformation right now and being on a board is a chance to play a role, to shape it in some small but significant way. That’s a great opportunity for a volunteer.” (Barry Bader, Bader & Associates) The myriad […]
Executive compensation has made the news over the last several weeks, both in the U.S. and in the U.K. As positive economic news continues to elude the corporate and political world, the spotlight sweeps across many corporate practices—and executive compensation has received full focus. In the not-for-profit arena, scrutiny of hospital and health system executive […]
In a recent article by Peter Katz, Esq., “Medicare Fraud Strike Force: Past, Present and Future,” he noted, “The last four and a half years have seen a meteoric rise in healthcare fraud prosecutions around the country, primarily due to the Medicare Fraud Strike Force. Its ability to blend investigative and prosecutorial techniques, act quickly […]