Planning to Sell Your Practice? Prepare for Due Diligence Now Part 2

Ericka Adler continues her discussion on the due diligence process associated with healthcare practice sales. Joined by fellow Roetzel attorney Christina Kuta, they continue their conversation by encouraging listeners to have their compensation arrangements reviewed for regulatory compliance. Christina sheds light on the implications of non-compliant compensation arrangements, highlighting the potential repercussions that could affect a practice's sale. Ericka and Christina further discuss the importance of HIPAA compliance during the buy/sell process. Christina shares real-life scenarios and offers essential recommendations for practices striving to meet HIPAA standards. Listeners will learn about the necessity of a comprehensive HIPAA policies and procedures manual, the importance of annual employee training, and the establishment of efficient reporting mechanisms for HIPAA violations. They share examples of how improper marketing practices, misclassification of independent contractors and failing to consider requirements from multistate practice can impact practice sales.