In response to the increased demand and need for healthcare services during the COVID-19 pandemic, the U.S. Department of Health and Human Services (HHS) provided thousands of hospitals and healthcare providers assistance through the Provider Relief Fund (PRF) program (CFDA 93.498) and other programs. In accordance with subsection 75.216 of
The 2.3% medical device excise tax (MDET) was reinstated on January 1, 2018 after a two year suspension. The MDET is imposed on domestic sales including imports, manufacturing and the production of medical devices. The MDET initially went into effect in January 2013 to help fund the Affordable Care Act.
On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA) by a vote of 217 to 213. The AHCA represents the Republican plan to repeal and replace the Affordable Care Act (ACA, or Obamacare). The Bill now travels to the Senate, which is expected to
On April 6, 2016, the Department of Labor introduced a new rule extending and strengthening its existing definition of a fiduciary. Previously, while many financial advisors such as Certified Financial Planners and Registered Investment Advisors were subject to these fiduciary standards, brokers and insurance agents were exempt. Rather, they abided
Over the past several months, the U.S. Department of Labor has been developing new rules that would raise the salary threshold for whether an employee is exempt from overtime pay. On May 18th, the final regulations were released, and they present a dramatic change from the current rules. Millions more
Does your organization provide services that are critical to another organization’s success? Does your organization process or store information for other organizations? If you can answer “yes” to either of these questions, it is more than likely that you need a Service Organization Control report, or SOC for short!