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Nonprofit Hospitals Face Additional Regulatory Burdens in Financial Assistance and Debt Collection

Roughly 60 percent of hospitals nationwide either have received or are seeking tax-exempt status under the United States Treasury Department (Treasury) and Internal Revenue Service (IRS) rules and regulations. With new final...more

North Carolina Legislative Report

The General Assembly convened for the 2015 legislative session on January 14. Lawmakers returned to Raleigh on January 28 to begin the session in earnest. The MVA Public Affairs Legislative Report on North Carolina will be...more

Healthcare & Life Sciences Private Equity Deal Tracker: OrthoSensor Secures $19 Million in Financing

OrthoSensor has announced it has raised $19 million in a private placement of series C preferred stock. OrthoSensor, based in Dania Beach, FL, is a developer of intelligent orthopedic devices and data services....more

Tax Policy Update

NUMBER OF THE WEEK: $900 billion. The amount of additional taxes that would fall on businesses and families under Republicans’ budget plans, according to a “fact check” by the Associated Press in a story with a title made of...more

Supreme Court Rules No Presumption of Lifetime Vesting of Retiree Health Benefits

The Supreme Court overturned the Sixth Circuit’s long-standing Yard-Man presumption, ruling that courts should apply ordinary contract principles to determine whether benefits have vested....more

Can Retirees Use HSAs?

Yes – and no. A Health Savings Account (HSA) is like an IRA but for the payment of medical expenses instead of retirement income. HSA contributions are not taxed, and like IRA accounts, they belong to the employee. ...more

Washington Update: Part II - FY 2016 Federal Budget: What You Need to Know

Both the House and Senate Budget Committees last week introduced and marked up initial drafts of their respective budget resolutions for fiscal year 2016. Each year Congress decides - or is supposed to decide - how much to...more

Also In The News - Health Headlines - March 2015 #3

Bipartisan Committee for a Responsible Federal Budget Proposes $215 Billion In Health Cuts to Fund Physician Pay Fix – On March 9, 2015, the Committee for a Responsible Federal Budget, a bipartisan, non-profit organization,...more

Manhattan U.S. Attorney Prevails in Securities Fraud, RICO Case

The SEC has brought a series of investment fund fraud and Ponzi schemes. Indeed, the Commission has brought so many of these cases in recent years they have become a staple....more

A Look Back: NetDiligence 2014 Cyber Claims Study

The NetDiligence 2014 Cyber Claims Study relies on data voluntarily provided by insurers about amounts paid out on cyber claims occurring from 2011 through 2013. Since the Study only accounts cyber claims reported to larger...more

NY Attorney General Enters into Far-Reaching Settlement with Largest Credit Reporting Agencies

New York Attorney General Eric Schneiderman recently announced that his office reached a landmark settlement with the nation’s three leading credit reporting agencies (CRAs) that will require them to significantly reform,...more

Is This the Perfect Storm for Union Organizing of Health Care Providers?

In This Issue: - Recent Developments for Multiemployer Pension Plans - Posting of Pre-Election Employee Rights Poster - Pre-hearing Statement of Position - The Pre-hearing Election — Held Sooner,...more

SC Public Policy Update - March 2015: After a long week of debate, the House adopted its version of the budget last Thursday night...

What's New - After a long week of debate, the House adopted its version of the budget last Thursday night. The Budget included $7 billion in spending. However, a proposal to borrow $500 million for building projects...more

Healthcare & Life Sciences Private Equity Deal Tracker: Cardiac Dimensions Secures $43 Million in Financing

Cardiac Dimensions, based in Kirkland, Wash., develops minimally invasive treatment modalities to address heart failure and related cardiovascular conditions....more

Washington Healthcare Update

This Week: Senate HELP Committee Hosts Hearing on Medical Innovation... HHS Announces Next Generation Accountable Care Organization (ACO) Model... CBO Releases New Long-range Cost Estimates for ACA....more

New York Attorney General and Credit Bureaus Reach Deal Affecting Furnishers of Information to Credit Bureaus

The New York Attorney General announced a settlement with credit bureaus Equifax, Experian and TransUnion regarding credit reporting policies and practices, including methods of addressing inaccuracies identified by...more

The Healthcare & Technology Industries’ Burgeoning Emerging Growth Debt Market

The emerging growth debt market has grown significantly in recent years, with the majority of deals in the healthcare and technology spaces. Latham & Watkins partners Jim Morrone and Haim Zaltzman, who focus their practices...more

Prescriptions for the Headache of High Cost Drugs

A March 11 policy conference in Washington produced some creative thinking about the problem of high-cost specialty drugs. And on the same day, the RAND Corp. think tank released a study on the subject, “Borrowing for the...more

What Employers under Collective Bargaining Agreements Should Know about the Decision in M&G Polymers v. Tackett

Recently, the United States Supreme Court undertook a significant course-correction in the vesting of retiree health benefits under collective bargaining agreements (“CBAs”). ...more

March and April Filing and Notice Deadlines for Qualified Retirement and Health and Welfare Plans

Employers and plan sponsors must comply with numerous filing and notice deadlines for their retirement and health and welfare plans. Failure to comply with these deadlines can result in costly penalties. To avoid such...more

SC Public Policy Update - March 2015: After weeks of delays and cancellations due to inclement weather across the state, the...

What's New - After weeks of delays and cancellations due to inclement weather across the state, the General Assembly finally had a full week debating and passing bills and working in committees....more

NC Legislative Update for March 2015

This Week - Legislative activity resumed to a normal pace at the North Carolina General Assembly after being interrupted by two weeks of winter weather. The Governor released his budget proposal and the lawmakers were...more

Wrap Up of the 2015 Virginia General Assembly

On Friday, February 27, 2015, the Virginia General Bill Gray Assembly adjourned. For the first time in 15 years, it was an early adjournment. Over 2500 bills and resolutions were filed, and Governor McAuliffe was presented...more

Monthly Benefits Alert - February 2015

Health & Wellness Plans - Anthem Data Breach Requires Plan Sponsor Attention - On January 29, 2015, Anthem Inc., one of the largest managed health care companies in the country, disclosed that the sensitive...more

Healthcare & Life Sciences Private Equity Deal Tracker: Daktari Diagnostics Secures $15.5 Million in Financing

Daktari Diagnostics has announced it has closed a $15.5 million series D round of funding. Daktari, headquartered in Cambridge, Mass., is a developer of portable diagnostic products....more

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