June 2009

Stimulus Law Aims To Jump-Start EHR Usage
Generally speaking, medical practices have been slow to adopt electronic health record (EHR) systems. However, the situation may soon change. A preliminary report from the National Center for Health Statistics* says that 17% of office-based physicians surveyed in 2008 have basic EHR systems, up from 10.5% in 2006. But the vast majority of practices have not embraced EHR. There are many possible reasons, including high up-front costs, a steep learning curve, limited savings, liability concerns, the lack of a software certification process and the inconvenience and disruption of switching to an electronic system. Read more...

Business Fraud Trends and Identity Theft Seminar - Register Now!
Now more than ever, sound, tested and written internal controls are absolutely necessary for every business. This not only protects the business but also the employees who are responsible for managing the business. We invite you to attend a complimentary seminar on Tuesday, June 30, 2009 (you may attend in person or participate via webinar). The topics discussed will include Business Fraud Trends and Identity Theft and what you can do to detect and prevent this in your practice. Detective Sergeant Eric Eads of the Indianapolis Metropolitan Police Department Financial Crimes Unit will be our guest speaker. More details and registration...

Somerset Health Care Team News

New Building Projects - We are pleased to announce two new building projects for which Somerset is providing entity formation, capital and financing sourcing and construction oversight and liaison services. One is for Midwest Orthopaedics, P.A., in Kansas City.  It will be a 20,000 sq. ft. orthopaedic facility that will include physician offices, PT and imaging with MRI. The other is for Southwest Orthopedic and Spine Hospital Physicians Group, LLC, in Phoenix. It will be a 70,000 sq. ft. total joints and spine specialty hospital with 8 ORs, 40 beds with the ability to expand to 68 beds. To discuss Somerset's ASC/MOB development services, please contact Steve Dobias at 317-472-2190 or 800-469-7206. Visit our web site for additional ASC/MOB project information.

Somerset Health Care Executive Roundtable - Our next Health Care Roundtable will be on Thursday, August 13, beginning at 11:30 a.m. Eastern--please save the date. Details will be available soon.

2009 Seminars - Our seminars calendar for 2009 has many educational opportunities for you, your staff and your family, including Financial Skills for Young Adults (ages 19 to 25), How Can You Insure Your Future? and much more. Don't miss our popular Somerset Practical MBA Program, which includes a live webinar simulcast so those of you outside the Indianapolis area can participate. Please go online to see the schedule and register.

The Business of Medicine Blog - Recent posts on The Business of Medicine blog include "Are Deep Cuts for Imaging Reimbursement on the Way?" Please visit the blog and post your comments and questions. We'd love to hear from you.

Somerset Client Satisfaction Survey - If you are a Somerset client, please take our survey concerning the services we have provided to you. Our goal is to improve our overall relationship and better serve you. Go to survey.

Newsletters - Somerset publishes a variety of newsletters in addition to Health Care Commentaries--such as Financial Reporting News, Wherewithal, Tax Times, Wealth Management Bullets and several others. Please visit the Newsletters page of our web site to read the archives and sign up to have new issues delivered to your email inbox.
  

Health Care Commentaries is provided by Somerset’s Health Care Team for our clients and other interested persons upon request. Since technical information is presented in generalized fashion, no final conclusion on these topics should be made without further review. For additional information on the issues discussed, please contact a member of our Health Care Team. This document is not intended or written to be used, and cannot be used, for the purpose of avoiding tax penalties that may be imposed on the taxpayer.