First Healthcare Compliance CONNECT September 2022

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our own attorneys fees on this.” So that’s what will happen there. And then the last part of that, that something I’ve been doing for a few years now, is to really carve out and there, there are two schools of thought on this. But when I carve out specific indemnification provisions related to a breach, it’s the breaching party has the obligation to pay for the notification to government entities, to the media into the individual patients. But that’s where the liability and so there’s no payment of attorney’s fees, there’s no payment of ransomware. There’s no paying for a deductible on an insurance policy or anything like that. What my clients and actually when I’ve been on the phone with opposing parties as well, what they’ve said is that we like this, because we know upfront what we’re responsible for, and it’s limited to this, and it’s balanced for both of us. take it word by word with the parties that you’re dealing with. Did you have any other thoughts that you wanted to share with us concerning BAAs? Just be aware that BAs are not cookie cutter, however, there are certain terms and certain provisions, which you’ll see over and over again. And that’s because they’re required by the statute and then recommended by HHS on their website. There’s no cookie cutter way to draft an indemnification provision, you just have to literally Navigating Workplace Violence Prevention Under OSHA Workplace violence is a serious issue, especially in healthcare facilities. The OSHA workplace violence prevention guidelines help employees and employers alike by providing the necessary steps to maintain a safe work environment. DOWNLOAD NOW 12 Panacea Healthcare Solutions LLC © 2022
Press Release Panacea Healthcare Solutions, a Leading Healthcare Mid- Revenue Cycle Technology and Services Company, Receives Growth Investment from Firmament ST. PAUL, MINNEAPOLIS, August 24, 2022 / EINPresswire.com/ -- Panacea Healthcare Solutions (“Panacea”) announced today that it has received growth capital from Firmament, a leading provider of structured equity capital solutions to small- and medium-sized enterprises. Panacea provides strategic pricing, price transparency, chargemaster, compliance, and midrevenue cycle software and consulting services to healthcare companies across the full continuum of care. Firmament’s investment will fuel innovation and expand Panacea’s product suite through the acquisition of Holliday & Associates and First Healthcare Compliance. The combined company will be a leading provider of healthcare revenue cycle and compliance software and services to over 600 hospitals, health systems, physician practices, and accountable care organizations across the United States. The executive management teams of Panacea, Holliday & Associates, and First Healthcare Compliance will remain in place, together with the majority of their former shareholders. Panacea CEO Frederick Stodolak will continue to serve as Chief Executive Officer of the combined platform and will expand his role to become an active Chairman of the Board. Stodolak stated, “We are proud to partner with Firmament and are excited for our future growth and continued product innovation. With the acquisition of Holliday & Associates, we are excited that our customers will benefit from access to a comprehensive suite of chargemaster software tools from a single vendor. Furthermore, we look forward to expanding First Healthcare Compliance’s popular learning platform to leverage Panacea’s expertise in inpatient, outpatient, and physician coding and compliance.” Rosemary Holliday, Managing Partner at Holliday & Associates, stated, “We have been partners with Panacea for many years and are thrilled to formally combine our two companies. With this step, our clients will benefit greatly as we integrate to become one of the industry’s most comprehensive providers of revenue cycle software solutions.” “First Healthcare Compliance clients will benefit from the wide array of coding compliance and revenue cycle software solutions that Panacea Contact Toll Free: 888-54-FIRST 13
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