The Maryland General Assembly’s 2024 legislative session concluded with the enactment of many health care laws that will impact health care facilities, providers, insurers, and health care related licensees in the State. Here are some of the highlights from the 2024 session. Consumer Health Data Privacy The Maryland Online Data Privacy Act of 2024 regulates…Read More
Amidst the financial complexities and risks facing the healthcare sector, from inflation and outdated contracts to workforce shortages and diminishing market share, healthcare organizations are navigating a challenging landscape. Effective mitigation strategies include service line assessments, workforce prioritization, leveraging patient feedback, outsourcing non-clinical tasks, and seeking strategic collaborations. These measures are vital for enhancing financial…Read More
Healthcare providers may not be aware that they are subject to a Single Audit (A-133 audit). Many healthcare providers faced significant financial changes due to the COVID-19 pandemic, including the following changes felt by many organizations. Additional costs associated with purchasing needed PPE Costs of additional support provided to your workers Revenue losses from cancelled…Read More