What Medical Practices Must Know About RAC Audits and Insurance

 Medical Billing & Collections, Risk Management By Ike Devji, JD   In a series of recent discussions we have examined exposures like ELPI Insurance, cyber liability insurance, and the need for directors and officers coverage by many physicians and practice owners. Continuing our examination of commonly overlooked medical practice risk management issues we turn to […]

Corporate Officer and Director Liability for Crimes Comitted By Company – CEO ASSET PROTECTION

An area of liability and exposure that is becoming more common and which is routinely overlooked in planning is  Officer and Director liability including both civil and criminal liability. This issue affects a variety of C-level executives from the traditional C.E.O. right through C.T.O. as the witch hunt continues. The first lines of defense are simple, […]

Start-Ups: When Does Liability for Your Business or Medical Practice Begin? – Asset Protection

The many discussions we have shared here have largely centered on asset protection and other legal and financial issues faced by physicians and business owners. The bulk of those discussions assumed that you own or run a business or medical practice. Due to the growing availability of financial and legal education resources available to business owners, […]

AAA: Fatal motor vehicle crash costs $6 million

The emotional toll for Americans who lose a friend or loved one in a motor vehicle crash has a steep financial counterpart — an average $6 million per fatal accident, according to auto club AAA. See The Article Here: http://www.usatoday.com/news/nation/story/2011-11-02/fatal-vehicle-crashes-cost-millions/51051030/1  Then Check Your Coverage Limits, and Get an Umbrella Policy from Your Insurance Company. Don’t think you […]

Doctors Pleading To Misdemeanors for Heath Care Fraud – Fight or Settle?

We are in the golden age of health care fraud prosecution as means of revenue and income protection by both the government and insurance companies. Doctors are increasingly  in a position where they need to make a decision to fight or settle, regardless of the veracity of the claim or the actual intent involved. This article sheds […]

Business Structure Provides Protection From Investor Lawsuits – Asset Protection

A brownie supplier to Ben & Jerry’s ice cream, a skateboard maker and a payday lender are among the hundreds of existing businesses that plan to incorporate as “benefit corporations” in coming months. They will be taking advantage of a new and untested corporate charter, available in only a half dozen states, allowing a company’s […]

Joe Paterno House Transfer Won’t Shelter Him – Asset Protection FAIL

As always, timing is everything in Asset Protection planning, rule number one is always do something today, while the waters are calm and you have the greatest number of effective  legal options. The link to the story below shows how poorly timed, late transfers are viewed. Sometimes the late transfer is intentional, sometimes it’s just plain […]

Asset Protection FAIL – NHL Player has Minimum Legal Auto Insurance in Accident

It’s hard to believe but it’s true. NHL player Matt Moulson (who has  a $9MM Million dollar contract with the New York Islanders) slammed his Escalade  into a Subaru last year and injured the other driver. Not surprisingly, she and her attorney have declined his insurance carrier’s $25,000.00 offer. Yes, $25,000 is all the insurance he was carrying.   […]

Asset Protection: Are Your Children a Lawsuit Exposure?

I clearly remember when I first really understood that my parents were responsible for my actions.  I was 15 years old and standing in front of my high school with my friends when a kid from another clique walked up and started running his mouth a bit too much. One of my friends objected and […]

Protecting and Passing On Your Gun Collection

Those of us that live in states that support our 2nd Amendment rights and allow responsible firearm ownership are aware of the responsibility we have as gun owners in the safe storage and use of our guns. What is often overlooked however is how those guns are handled after we pass and how they will […]