David G. Marks’ Post

The cause and effect of the continued growth of private equity entering the healthcare sector is correlated to the increase of non competes for many physicians. If it makes it past the legal challenge, this will be an interesting impact to observe. “According to the AMA, between 37% and 45% of American doctors are subject to noncompetes. Without any future rule-making or legislation, that number will likely continue to grow as private equity firms — which now own around 40% of the country’s medical practices — continue to invest in the healthcare sector.”

The Sad Reality of 280E: Our cost to deploy healthcare to 45 employees is about $250,000. Dental and Vision is another $25,000. Our reward for deploying Healthcare to our team? A tax bill of $100,000 from the IRS, becuase the money we spend on Healthcare is non-deductible. If governments want to incentivize good business practices, good work environments, and good jobs in the cannabis industry, they need to make the associated costs deductible. Otherwise, you’ll continue to see cannabis business skimp on benefits, pay, workplace improvements, and admin staff, becaused we get penalized for investing in them.

Earlier this year, the FTC made headlines by proposing a ban on employee non-compete clauses. While the non-compete proposal is still pending, the FTC has turned its sights directly onto healthcare. It alleges that large private equity owned physician groups are causing consolidation and monopolizing access to healthcare within certain markets. The FTC seeks to block these consolidative practices and prevent future monopolies. What do you think about the FTC’s assessment of large physician groups backed by private equity? What effect do you think this will have on physician practices and autonomy for employed physicians in these groups? #healthcare #healthcareleadership #physicianburnout

Earlier this year, the FTC made headlines by proposing a ban on employee non-compete clauses. While the non-compete proposal is still pending, the FTC has turned its sights directly onto healthcare. It alleges that large private equity owned physician groups are causing consolidation and monopolizing access to healthcare within certain markets. The FTC seeks to block these consolidative practices and prevent future monopolies. What do you think about the FTC’s assessment of large physician groups backed by private equity? What effect do you think this will have on physician practices and autonomy for employed physicians in these groups? #healthcare #healthcareleadership #physicianburnout

The recent FTC decision to ban non-compete agreements is a game-changer. This landmark ruling will significantly impact medical providers by enhancing job mobility, fostering innovation, and empowering better employment negotiations. Especially with the ability to help set up practices using the most advanced automation and AI tools to create inter-office efficiency, this new freedom will revolutionize how we deliver healthcare. https://lnkd.in/ezvuDRsg #HealthcareInnovation #FTCUpdate #NonCompeteBan #MedicalProviders #Careergrowth #HealthcareAI

Below, you will find a document titled "Affordable Care Act: 2024 Compliance Checklist". Several changes to ACA requirements will take effect in 2024, which will impact measures such as the increased dollar limits and decreased affordability percentage. To prepare, we strongly recommend employers develop a comprehensive compliance strategy grounded in understanding and anticipating upcoming requirements.

Value Based Care makes sense on paper, but how do you track it (stop do not send me your pitch deck just yet). Healthcare today is notorious for its poor infrastructure and archaic work. Seems like an easy way for a Payer to get out of responsibilities is just blame some missed paperwork or an off data point.. (which already occurs 1/5 of the time without VPC rules) I think the easiest way we get VBC with limited infrastructure or bureaucracy is simple. Move to a more direct pay system. It's really hard to stay in business especially if you do not deliver real solid outcomes. A increase in competition "not" supplementation of funding (Private equity, government, ect) = Higher Quality and Innovation.

How does the Employees' Compensation Act, 1923, protect an employee's right to medical expense reimbursement, and what are the implications of employer’s Internal policies that attempt to limit this right to treatment at specific empanelled hospitals? #Caselaw #Labourlaw #Analysis #Employeecompensation #Reimbursement #ComplyX #CX

Physicians are the backbone of our healthcare system. To foster an environment that motivates physicians to remain and excel, physician employers must prioritize their well-being and patient care quality. Unfortunately, noncompete agreements may allow administrators to prioritize financial outcomes over these crucial elements. It's time to abolish noncompete agreements for physicians and refocus our priorities on quality care and physician support. Let's treat physicians with the respect they deserve as essential healthcare team members. Noncompetes are unnecessary if the healthcare system creates a work environment that allows and supports the physicians' effort to provide their best quality healthcare. #PhysicianWellness #PatientCareQuality #AbolishNoncompeteAgreements

https://lnkd.in/depRKPx3 This is an interesting development which is likely to affect profoundly physicians and healthcare companies. Court battles are developing already. However, if implemented, this may be the end of physicians having to leave their home cities and move their families if they seek alternative employment. Likewise, healthcare companies will be able to recruit the very best physicians from their competitors to improve their patient care.