The shift in the health care industry toward greater efficiency and a higher level of quality of care is resulting in technological innovation. The popularity of the practice of medicine via mobile and wireless devices is on the rise and telemedicine is leading the...
PLDO Law Blog
Month: March 2015
Every Medicare Home Health Agency in the Nation will be Audited by CMS
A 2014 audit by the Office of Inspector General (OIG) determined that only 32% of home health providers were in compliance with the face-to-face encounter documentation requirements under Medicare to be eligible for payment. As a result, OIG has recommended that the...
Crowdfunding in MA: New Regulations May Be Good For Your Business Venture
On January 15, 2015, the Massachusetts Securities Division adopted new regulations which permit "crowdfunding" securities offerings by some Massachusetts companies to Massachusetts residents. According to the Merriam-Webster definition, crowdfunding is "the practice...
Business Owners Should “Get it Right from the Start” to Thrive and Survive
The entrepreneurial spirit is alive and well in the U.S. with millions of businesses created each year. Some will survive and others will vanish. Those that flourish and grow are most likely to have established the appropriate corporate governance structure that is...
LAST MINUTE CHANGE TO RI ADULT USE CANNABIS LEGISLATION BENEFITS LICENSED CULTIVATORS
Rhode Island appears to be on a definitive track towards legalization of cannabis and establishing a framework for its adult use industry. More than 15 years after establishing its medical marijuana program and, following years of on-and-off momentum, the Rhode Island...
THE TREES CAN STAY (FOR NOW) – A LESSON ON WRIT OF MANDAMUS
In a recently published opinion, the Rhode Island Supreme Court addressed when it is and is not appropriate for the court to grant the issuance of a writ of mandamus. A writ of mandamus is used to compel the performance of an act by a public officer. In the case...
DIRECTED TRUSTS PROVIDE FLEXIBILITY FOR THE CLOSELY-HELD BUSINESS OWNER
In July 2021, Florida adopted the new Florida Uniform Directed Trust Act (“FUDTA”). Modern directed trusts are one of the best vehicles to provide intergenerational wealth preservation and flexibility. Historically, all the functions of a trustee have been handled by...
NUTS & BOLTS OF A ROLL-UP STRATEGY IN BUSINESS ACQUISITIONS
In a roll-up strategy, the buyer—usually a private equity fund—identifies a highly fragmented industry, which is a situation where multiple companies compete, and there is no single or small group of companies that dominates that specific industry. Subsequently, the...
THE SAFE BANKING ACT: WILL 2022 OPEN THE DOOR FOR CANNABIS BUSINESSES TO ACCESS COMMERCIAL BANKING?
Lawful cannabis businesses in the United States have historically and predominately relied on private funding to establish and prop up their operations until they can sustain themselves as revenue-driven enterprises. This is because cannabis remains illegal under...
