Partner Howard Young was quoted in a Hospice News article about how regulators’ increased focus on the industry, including an upcoming nationwide audit of hospice eligibility by the US Department of Health & Human Services Office of the Inspector General (OIG), could influence mergers and acquisitions decisions by potential hospice buyers. Howard said hospices going through a sale can expect investors to take a close look at their compliance programs, noting an uptick in the level of Medicare audit activity, particularly on long stay hospice patients and hospice patients living in long-term care and assisted living facilities.
“With this continued CMS audit scrutiny and the OIG nationwide hospice audit, private equity and strategic investors are well advised to take an even closer look at the quality of hospice documentation and active clinical oversight of hospice physicians in their acquisition due diligence,” Howard said.
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