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Quality Follows Preparation: 4 Key Structural Considerations in Health Care M&A Due Diligence

Hall Render

As deal work in the health care industry continues at a feverish pace and timelines are condensed, due diligence can often suffer and be overlooked in favor of speed. While the content of due diligence is extremely important, a successful due diligence process must also focus on the structure. The following are 4 key structural considerations every organization should be aware of when beginning a due diligence process: Identity of the Reviewers.

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Keeping clean to reduce M&A antitrust risk: Three tips for clean teams during due diligence

Health Law Checkup

Increased consolidation in the healthcare sector continues to draw media attention and antitrust scrutiny from a variety of regulators including the Federal Trade Commission, the Antitrust Division of the Department of Justice and state attorneys general

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Is Your Data Supply Chain Ethical? Don’t Restrict Due Diligence to Physical Operations.

C&M Health Law

What’s more, core human rights due diligence principles, such as the United Nations Guiding Principles on Business and Human Rights (UNGPs), further influence how businesses should navigate these risks. Suppose an industrial enterprise shares sensitive, ethically sourced data with an external organization without sufficient due diligence, resulting in this data becoming integrated with unethically sourced data and/or being utilized in an unethical manner.

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Sadie Zurfluh Joins Hall Render

Hall Render

Her work includes leasing, due diligence, entitlements, acquisitions and financing. Hall Render is pleased to announce Sadie Zurfluh has joined the firm in its Milwaukee office. Sadie represents health care and non-profit clients in the structuring, negotiating and closing of real estate transactions.

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What Happens if You Break HIPAA Rules?

HIPAA Journal

Whether there was knowledge that HIPAA Rules were being violated, or by exercising due diligence, it should have been clear that HIPAA Rules were being violated. What happens if you break HIPAA rules due to a lack of training?

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BenchSci Launches ‘Map’ of Biology Research Platform for Pharmaceutical Research

HIT Consultant

What You Should Know: – BenchSci , a Canadian-based tech company and leader in AI solutions for drug discovery recently launches a Google-backed ‘map’ of biology research platform, ASCEND™ by BenchSci, to understand the underlying biology.

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Is Gmail’s Confidential Mode HIPAA Compliant?

Total HIPAA

While it’s great to see major platforms like Gmail taking data privacy concerns seriously, covered entities would not be doing their due diligence if they did not dig deeper to ask questions about what Gmail’s new confidential mode means for HIPAA compliance.

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Healthcare Remains Top Target in 2022 ITRC Breach Report

Compliancy Group

However, HIPAA compliance can limit your liability and expose potential problems with suppliers through the due diligence that takes place while forging a business associate agreement.”

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Digital front door chatbot improves the patient experience at Aspire Indiana Health

Healthcare It News

"Any provider considering a similar technology should always consider the impact of using a system prior to implementation, and perform extensive due diligence since the implementation of a new system or technology directly affects the patient experience.

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Cybersecurity Threats to Health Systems

American Medical Compliance

Cybersecurity threats against healthcare systems have increased since the beginning of the COVID-19 pandemic due to the adoption of new health technologies. Third, due diligence with partners is essential to prevent attacks.

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Statute of Limitations for PPP and EIDL Fraud Extended to Ten Years

Healthcare Law Blog

If companies and individuals who applied for and received government-sponsored pandemic relief funding have not conducted due diligence to ensure those funds were properly received, used, and potentially forgiven, now is the time to do it.

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7 Buy-Side Considerations for Healthcare M&A in 2023

HIT Consultant

Working with a third-party advisor can give you an edge by having a team ready to perform buy-side due diligence and provide guidance throughout the transaction quickly and efficiently. Ian Goldberger, Principal at Kaufman Rossin. Matthew Hellinger, Sr. Associate at Kaufman Rossin.

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Breach Prevention: 5 Best Practices to Protect Your Data

MRO Compliance

The Ponemon Institute’s report suggests that 61% of insider threat incidents are due to negligent insiders. With proper due diligence and periodic vendor assessments, healthcare providers can safeguard their organizations against breach by way of their BAs.

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Settlement Agreed with Florida Children’s Health Insurance Website Contractor to Resolve False Claims Act Allegations

HIPAA Journal

The United States Department of Justice has agreed to settle alleged False Claims Act violations with Jelly Bean Communications Design LLC and manager Jeremy Spinks related to the failure to protect HIPAA-covered data.

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What is a HIPAA Violation?

HIPAA Journal

State attorneys general also have the power to investigate breaches and investigations are often conducted due to complaints about potential HIPAA violations and when reports of breaches of patient records are received.

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Mitigating Healthcare Cyber Risk Through Vendor Management

HIT Consultant

Each business associate or vendor opens your organization to potential risk — and that risk increases as their access increases — so, do your due diligence. Nathalie Feria, Manager at Kaufman Rossin’s Risk Advisory Services.

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Engage Venture Partners Announces Lead Investment in VOCxi Health

Healthcare IT Today

After a months-long due diligence process, we had such confidence in the incredible team that VOCxi has assembled, paired with its breakthrough technology that has been years in the making, that we felt very confident taking the role of lead investor,” said Evans.

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Compliancy Group Confirms Ruffian Software as HIPAA Compliant

HIPAA Journal

The team at Compliancy Group have been instrumental in guiding us through this due diligence and their insights and guidance were tremendous. The Mauldin SC-based IT company, Ruffian Software, has completed Compliancy Group’s HIPAA compliance process and has been confirmed as having implemented an effective HIPAA compliance program. Ruffian Software protects the networks, systems, and data of managed IT providers and their clients through automated privileged account management.

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Adopt Third-Party Risk Management to Protect Health System Data

Healthcare IT Today

Make sure you have a complete understanding of their procedures by performing due diligence. The following is a guest article by Hilary Jewhurst, Head of Third-Party Risk Education & Advocacy at Venminder.

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DOJ’s New Corporate Enforcement Policies Target Individuals and Incentivize Self-Disclosure

Healthcare Law Today

Due diligence remains critical. Due diligence remains critical. Corporations considering proposed transactions or acquisitions may need to consider increased due diligence into the target entity’s compliance policies and investigate prior or existing misconduct.

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5 Tips for Hiring and Retaining Medical Practice Staff

HIT Consultant

Everyone’s busy, and it could be tempting to shortcut some of the due diligence for screening potential candidates. John V. Guiliana, DPM, MS, Medical Director of Podiatry at ModMed.

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HIPAA & Telehealth: FAQs from HHS Guidance on Audio-Only Telehealth

Healthcare Law Today

In this latest guidance, HHS noted that due to various barriers, such as disability, financial, or language, not all patients are able to access audio-video telehealth technologies and that audio-only telehealth helps to address the needs of these patients.

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The Evolution of Digital in Healthcare

Dossier

Plus, the return on investment for digitizing competencies begins on day one due to eliminating paper, binders, and storage and improving worker efficiency. Authored By: Geir Arnhoff CEO Linkedin Electronic health records were introduced to the U.S. healthcare system in the 1960s.

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Practice points: appealing PBM audits

Natalia Mazina

This makes due diligence during the acquisition stage even more important, especially when it comes to invoice reconciliation aspect. Today I would like to highlight some practical aspects in appealing PBM audits.

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Tips on investigating prescribers

Natalia Mazina

While it is true that a pharmacy usually has no means of knowing of an open investigation due to the confidential nature of such investigations, there are several ways to research past records of a prescriber: Medical Board’s Records.

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Seven Elements of a Compliance Program

HIPAA Journal

For example, if an offense has occurred due to a loophole in a policy (element #1), a lack of training (#3), a communication failure (#4), or a monitoring issue (#5), the compliance officer (#2) can evaluate the existing policies, procedures, and standards, and adjust them as necessary (#7).

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Data Integrity, Security, and Confidentiality: The Building Blocks of Healthcare Data Management

HIT Consultant

Due to the nature of the sensitive data hospitals generate, choosing the right company and product to undertake the management of unstructured data is pivotal and can be the difference between success or failure in springboarding your organization into this data-driven digital world.

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Top Security Certifications Required for Data Protection

HIT Consultant

Paul Banco, CEO of etherFAX    How secure is your data? If your organization does not have the right security certifications in place, it’s not a matter of if a data breach will occur – but when.

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What’s the Civil Penalty for Unknowingly Violating HIPAA?

Compliancy Group

Civil penalties apply when an employee was aware that they violated HIPAA , or they would have been aware had they exercised due diligence. When a covered entity or business associate makes the HIPAA Wall of Shame for a significant breach or violation, it often results in huge fines.

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Protected Health Information (PHI): Everything You Need to Know about HIPAA and PHI

Total HIPAA

Some companies sign a BAA without completing the HIPAA compliance process or ensuring that the other party has also done their due diligence. What is Protected Health Information (PHI)?

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When Can PHI be Disclosed?

HIPAA Journal

It is also important that Covered Entities conduct due diligence on potential Business Associates before entering into a Business Associate Agreement to ascertain if they use third-party services that are not subject to the Privacy Rule.

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‘Move fast and break things’ is a bad idea for health tech startups

Healthcare Law Today

Investors know what to look for, and with so much money involved these days, due diligence is impossible to dodge. This article was originally published in TechCrunch on May 12, 2022, and is reprinted with permission.

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HIPAA Compliance for Hospitals

HIPAA Journal

It is also the case that, regardless of the level of effort put in to comply specifically with HIPAA, most hospitals already comply with HIPAA to some degree due to the measures implemented in order to participate in Medicare.

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7 Key Value-Adding LOI Terms

Healthcare Law Blog

A well-crafted letter of intent (“LOI”) adds value for the negotiating principals by helping to ensure the parties are in agreement on key deal terms before they spend significant time and money on diligence and definitive documents.

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Guide to HIPAA Safeguards

HIPAA Journal

In the worst cases, substantial fines can be issued for noncompliance with safeguards organizations should have known about had they exercised due diligence.

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