tci Part B Insider - 2005 Issue 41

BANKRUPTCY: Beware--Medicare Can Still Freeze Your Payments

New law requires you to protect patient privacy in bankruptcyThe law governing bankruptcies changed drastically last month, and at least some physicians were alarmed by the new rules. In anticipation of the new law's Oct. 17 effective date, a number of physician offices and medical centers rushed to declare bankruptcy beforehand, according to the Dallas Business Journal. These businesses included Leland Medical Centers in McKinney, TX; Complete Women's Healthcare in Dallas; and Plano, TX-based physician Bruce Ramsey.Why? There are a few reasons physicians might have been in a hurry to declare bankruptcy before the new regime, according to...

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