EthiCare Advisors, Inc. Launches HIPAA Compliance Solutions on the 20th Anniversary of HIPAA Becoming Law

Budd Lake, NJ – August 19, 2016 – EthiCare Advisors, Inc. is pleased to announce a valuable new service for our clients, HIPAA Compliance Solutions. This new service is being launched on the 20th anniversary of HIPAA being signed into law by President Bill Clinton on August 21, 1996.

HIPAA Compliance Solutions was created to help our clients abide by the strict guidelines set out in the law regarding the privacy and security of protected health information. Having the proper measurers in place to meet the requirements of HIPAA will help our clients protect their businesses and to be prepared if they ever face a federal compliance audit. Mark S. Hartmann, Jr., MS, EthiCare’s Managing Partner & CEO said, “Our clients were instrumental in the creation of this service, many stressed the need for assistance with HIPAA compliance. We think we have the solutions to help.”

The major components to good HIPAA compliance include the performance of regular Security Risk Assessments, updated and customized Policies & Procedures and systematic Employee Training. EthiCare will offer these and other compliance related services such as IT Security, Software Compliance and Breach Investigation.

To learn more about our new offering please contact Mark S. Hartmann, Jr., MS, directly at 888-838-4422 extension 703 or visit our HIPAA Compliance webpage.

About EthiCare Advisors, Inc.

Founded in 2002, EthiCare Advisors, Inc. is an innovative medical claims settlement, cost containment and consulting services company that helps medical claim payers save money, by focusing on the claims that ruin loss ratios, namely, catastrophic claims over $100,000 and the ultra-expensive dialysis claims. EthiCare is an independent, owner-operated private corporation and is a three time honoree of the Inc. 500|5000 award as one of the fastest growing privately held companies in America. Mark S. Hartmann, Jr., MS, Managing Partner & CEO at EthiCare Advisors can be reached at Mark@EthiCareAdvisors.com or 888-838-4422 extension 703. Visit our website at www.EthiCareAdvisors.com.

To Download to PDF:  Press Release – EthiCare Launches HIPAA Compliance Solutions – August 2016

DaVita Releases 2nd Quarter 2016 Results

DaVita HealthCare Partners Inc. announced financial results for the 2nd quarter ended, June 30, 2016. Reported net income attributable to DaVita Healthcare Partners Inc. for the quarter was $53.4 million, down $117.1 million (-69%) from the end of the 2nd quarter of 2015.

The current quarter net income includes certain items that DaVita does not believe are indicative of ordinary results, including a goodwill impairment charge ($176 million), a gain on the partial sale of Tandigm ($40.3 million), a loss on the sale of HCP Arizona ($10.5 million) and related income tax ($10.4 million). When adjusted for these items net income was $210.0 million for the quarter. The adjusted net income for the 2nd quarter 2015 was $211.2 million, essentially flat year over year.

Adjusted operating income for the 3 months ended June 30, 2016 was $475.3 million, a 1.9% decrease when compared to adjusted operating income of $484.6 million for the same time period last year.

Net Revenues for the 2nd quarter 2016 were $3,717.7, a $283.1 million (8.2%) increase over the quarter ended, June 30, 2015. Net operating revenues for US Dialysis and Related Lab Services grew 5.1% to $2,264 million in the 2nd quarter 2016, from $2,154 million in the 2nd quarter of 2015.

DaVita projects adjusted consolidated operating income for the full year 2016 to be in the range of $1.785 billion to $1.875 billion. This projection is lower than the previous guidance of $1.800 billion to $1.950 billion.

Click here to view DaVita’s complete 2nd quarter 2016 financial results.

To Download to PDF:  DaVita 2nd Quarter 2016 Results

 

For more information on EthiCare’s Dialysis Claims Settlement, please call Mark S. Hartmann, Jr., MS at (888) 838-4422 extension 703 or e-mail him at Mark@EthiCareAdvisors.com.

Business Associate Breach Puts 3.3 Million Patient’s Data at Risk

A BlueCross BlueShield (BCBS) Business Associate that provides Healthcare Insurance ID cards recently reported an unauthorized access to one of its servers that contained member information. The breach may have exposed the personal information of up to 3.3 million members of insurance plans, including BCBS.

The business associate discovered a server was accessed without authorization on July 6th and immediately shut it down. An investigation by a third party forensic investigator was opened to determine the extent of the breach. The data included information such as patient names, dates of birth, dependent names, primary care providers, Medicaid ID numbers and addresses of patients.

The company mailed letters to those affected, explaining the extent of the breach and offering two years of free identity protection. The investigation continues and federal law enforcement has been contacted.

EthiCare offers HIPAA Compliance Solutions to help you comply with the stringent requirements of HIPAA and to protect your business.

Click here to view the original article on HealthcareFinanceNews.com.

To Download to PDF:  BCBS Business Associate Breach Puts Data at Risk

 

 

For more information on EthiCare Advisors, Inc., please call Mark S. Hartmann, Jr., MS at (888) 838-4422 extension 703 or e-mail him at Mark@EthiCareAdvisors.com.

Did You Contribute to FMC’s 22% Net Income Growth?

Fresenius Medical Care (FMC) reported second quarter 2016 net income of $294 million worldwide, a 22% increase compared to the same quarter in 2015. Net revenue totaled $4,420 million, up 5% compared to the same quarter last year. The 22% net income growth was mainly driven by the strong performance of the North America segment.

North America
In the 2nd quarter, operating income for the North America segment grew 20% to $513 million over the 2nd quarter last year. The operating income margin in the 2nd quarter also improved to 16.2% from 14.5%. This improvement was mainly due to lower costs for health care supplies and a favorable impact from commercial payers, among other factors.

Reported revenue in North America was up 8% to $3,168 million from the same quarter last year. Dialysis Care contributed revenue of $2,374 million for the quarter, up 5% from last year. This growth was driven by an increase in dialysis treatments and increases in revenue per treatment.

US Revenue/Cost Per Dialysis Treatment
In the US, revenue per dialysis treatment stands at $352 for the 2nd quarter, up from $346 in the 2nd quarter of 2015, a growth rate of 1.5%. At the same time, the cost per dialysis treatment has dipped to $282, down from $286 in the 2nd quarter of 2015, a decrease of (1.2%). To summarize, the revenue per treatment went up $6 and the cost per treatment went down $4 in the 2nd quarter of 2016.

FMC Outlook for 2016
Fresenius confirmed its full year outlook for 2016. They expect currency-adjusted revenue growth of 7% to 10% and net income is expected to increase by 15% to 20% over the previous year.

Your Outlook
Commercial payers are very important to the profitability of Fresenius. The more FMC profits grow, the more commercial dialysis claim payers need EthiCare Advisors. We specialize in settling dialysis claims. In fact, while FMC profits rose 22% this quarter, EthiCare recorded client savings growth of nearly 50% on dialysis claims compared to our 1st quarter. Don’t contribute to their bottom line; contribute to YOUR bottom line! Contact us to SAVE.

For more information on EthiCare’s Dialysis Claims Settlement, please call Mark S. Hartmann, Jr., MS at (888) 838-4422 extension 703 or e-mail him at Mark@EthiCareAdvisors.com.

Click here to view all FMC financial results.

To Download: FMC Financial Results 2Q 2016