Transaction Update: Medical Practice Sale Tulare County California

JUST SOLD: Outright acquisition of an Internal Medicine Practice for Sale in Central California, Tulare County. Highly profitable solo practice with annual collections of ~$740,000+ with net income in excess of $520,000. Providing multi-site care in outpatient, inpatient, and skilled nursing care facilities. Ample medical office space in a newer-built professional medical building with convenient access to a nearby regional hospital. Payor mix well distributed between Medicare, PPO, and HMO insurance. Qualifying for increased HPSA designated regional area reimbursements with quarterly 10% Medicare incentive bonus. 100% medical practice financing was secured for this transaction.

Healthcare Fraud, Medicare Exclusion, and Federally Funded Healthcare

The Department of Health and Human Services, Office of the Inspector general is producing a series of informative videos on compliance issues pertaining to Medicare and Medicaid. Here is one such video on Exclusion Authorities and Effects of Exclusion.  If a physician is excluded from participation in any federally funded healthcare program, they cannot accept federal funds or practice in a similar setting where such funds are received.  This video also defines the differences between mandatory exlucisions and permissive exlusions.  Exclusion from medicare or other federal programs doesn't just apply to licensed clinicans, but also includes unlicensed personnel, corporations and their officers.  Length of exlusion can be for a set term or indefinitley.  Minimum term for mandatory exlusion is 5 years; reinstatement is not automatic after the end of the term.