Several months back I had a young doctor shadow me in the office. No doubt this doctor will be an outstanding provider one day, and I will be very proud to call him a colleague. After a patient appointment, the doctor asked me how I determined what the treatment plan would be – a simple question. I responded in kind with a simple answer that the treatment plan was based on the findings. The young doctor looked puzzled.
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Physician clinic owners benefit from a clear financial policy, ensuring smooth operations and patient empowerment through transparent billing guidelines.
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The Illinois Chiropractic Society understands the current challenges for our doctors and their practices. The number of changes that have happened and are coming in the next year are simply daunting: BCBS/Orthonet, NGS taking over Medicare in Illinois, HIPAA Omnibus Rule changes, Insurance Marketplace new offerings, other Affordable Care Act implementations, EHR deadlines, license renewals, CME deadline, and sweeping changes to diagnosis codes (ICD-10). However, we will continue to make sure that our members are kept up-to-date regarding all of these coming changes.
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Federal law gives authority to the Office of Inspector General (OIG) to impose Civil Monetary Penalties to practices that hire an employee/contractor who has been excluded from Medicare (or other federal programs). If the employee/contractor is involved in any part of service to the Medicare (or other federal program) patient, it can create a penalty liability as much as $10,000 PER service rendered.
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A PLLC is created by filing Articles of Organization with the Secretary of State. There is one form for all LLCs, with specific instructions.
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The amendment provides that the Illinois Industrial Commission is now known as the Illinois Workers’ Compensation Commission.
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All Medical Practice Act licenses, including chiropractic, medical and osteopathic licenses, run on the same 3-year cycle. 2017 and each third year thereafter is a renewal year during which licenses expire on July 31. For most doctors who renewed on time during previous renewal cycles and who complete their continuing medical education prior to July 31 of the current cycle, renewal will be a routine process.
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Once a business structure choice has been made, the next steps are forming the entity, and, where required, obtaining licensure and an employer identification number.
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