tci Part B Insider - 2007 Issue 19

COMPLIANCE: Don't Raise Suspicions With Hospital Buyout

If your doctors want out, they can't profit from their cloutIf your doctor wants to bail out of owning part of an ambulatory surgery center (ASC), he or she could be out of luck. The HHS Office of Inspector General frowned on a group of physicians who wanted to unload their ASC ownership. Three orthopedic surgeons, two gastroenterologists and two anesthesiologists jointly owned an ASC. The orthopedic surgeons wanted to sell a 40-percent stake to the local hospital at fair market value. Obstacle: The OIG said if the ASC was owned by both physicians and the hospital, it would...

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