Several government agencies warn of fraud schemes related to COVID-19 vaccines kake.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kake.com Daily Mail and Mail on Sunday newspapers.
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Two new healthcare fraud and abuse final rules, effective Jan. 19, 2021, may increase flexibility for private equity firms exploring opportunities in the healthcare space as well as private equity-backed healthcare platforms as they consider transactions, investment/alignment opportunities, patient engagement approaches and other business opportunities.
As discussed in a previous alert, the new final rules released by the Centers for Medicare & Medicaid Services (CMS) and the U.S. Department of Health and Human Services Office of Inspector General (OIG) significantly amend the Physician Self-Referral Law (Stark Law), the federal Anti-Kickback Statute (AKS) and the Civil Monetary Penalties (CMP) Law, with the intent to “provide greater flexibility for healthcare providers to participate in value-based arrangements” and “ease unnecessary compliance burden for healthcare providers and other stakeholders.”
Although there is good news on the horizon with another round of COVID relief checks and vaccines being distributed across the country, scammers are also busy working on making money from these positives. Iowa Attorney General, Tom Miller, says consumers should not let down their guard. “Scammers follow the headlines, and they’ll take advantage of our excitement, confusion and other emotions,” Miller says. As stimulus money is deposited and mailed, Miller offers some things to remember. No government agency will ask you to pay up front to get your stimulus check. They will not call, text, email or contact you on social media to ask for your social security number, bank or credit card information and you cannot get your money any faster through a third party. As far as vaccines are concerned, several scams have already been reported. In December, Aging Resources of Central Iowa said scammers were contacting residents and trying to sell tickets to guarantee a place on the COVID-1
Wednesday, January 6, 2021
On Jan. 19, 2021, the two recent final rules issued by the Department of Health and Human Services Office of Inspector General (OIG) and the Centers for Medicare and Medicaid Services (CMS) regarding changes to the Physician-Self Referral Law (Stark Law) and the Anti-Kickback Statute (AKS) regulations (respectively the OIG Final Rule and the CMS Rule, collectively the Final Rules) will become effective.[1] This alert is a part of the Dinsmore Health Care practice group’s ongoing summary of the Final Rules.
The CMS Final Rule implements changes to the Stark Law and offers several clarifying provisions related to key Stark Law terms and concepts. Included in the changes are definitions and special rules related to: (1) commercial reasonableness, (2) the volume or value standard and other business generated standard, and (3) fair market value and general market value.