The financial outlook for hospitals under healthcare reform initially appears rocky but may perk up with time. Medical devices makers, on the other hand, should brace for difficulties, according to a report published July 17 by Moody’s Investors Service.
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July 10, 2013, The Wall Street Journal, LAURA MECKLER, JENNIFER CORBETT DOOREN and PETER NICHOLAS
When Obama administration officials delayed a central plank of the new health law—requiring that big employers offer health insurance to workers—they said it was to help businesses pleading for more time. Left unsaid was the federal government hadn’t written key rules guiding employers, according to current and former administration officials, and computer systems that were supposed to run the program weren’t operational. The delay has opened the door for critics and allies alike who are now raising questions about the administration’s ability to implement the biggest domestic policy initiative in a generation.
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Here are some key facts about the medical device excise tax from our general counsel Robert Kerwin.
Here is a copy of the letter from Rob Kerwin, General Councel for IAMERS, to Kara Getz, Esq., Tax Counsel to the Hon. Richard E. Neal, U.S. House of Representatives, regarding the January 2013 Medical Device Excise Tax. It is our priority to get clarification from the Department of Treasury on whether or not the excise tax applies to pre-owned medical equipment. We have requested a conference call with them to clarify this matter.
We will keep you posted on the progress.
by: Wayne Webster
The Accountable Care Organization (ACO) is a part of the enacted legislation of March, 2010 known as the Patient Protection and Affordable Care Act (Obama Care). The intent of the ACO is to streamline the delivery of care and reduce costs through the application of quality systems and measurements including the adoption of electronic health records (EHR). Unlike its managed care predecessors, the HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization) the ACO is not an organization for patients to join; rather, it is for providers, hospitals, clinics, and doctors to join. Continue Reading…
As part of our ongoing efforts in Washington, DC, we routinely meet with the following groups to discuss and unite for our common interests:
National Rural Health Association (NRHA) – is a trade association of small hospitals who have problems with accessibility that many of our IAMERS members face. The NRHA is a national membership organization with more than 20,000 members whose mission is to provide leadership on rural issues through advocacy, communications, education and research. Continue Reading…