Practice Management

What Physicians Need to Know:
How the New Federal Overtime Rule Effective December 1 Impacts Your Employees

In May, the Department of Labor announced an update to overtime regulations that increased the threshold below which employees must receive overtime pay to $47,476 - more than double its current $23,660. The new regulations mean that both hourly and salaried workers are entitled to time and a half pay when they put in more than 40 hours a week.

The new rules makes millions of full-time healthcare workers eligible for overtime pay but is not limited to the healthcare industry. These rules emanate from the Federal Department of Labor and cross all industries. The changes go into effect December 1, and the threshold will automatically adjust every three years, based on wage growth over time.

On September 28, the House of Representatives passed legislation H.R 6094, possibly delaying the implementation of the new federal overtime pay rule until June 1, 2017. There is a possibility that the Senate will act on the bill or another version after the Presidential election.

To explain these overtime rules and how specifically they affect physician practices, NYACP is hosting a lunch hour webinar. With the deadline approaching this webinar is essential in the event Congress does not act.

October 27, 2016: Changes to the Federal Overtime Rules
12:00 PM • Registration Link

<<To read more, please go to our Practice Management Page


NYACP Resident and Medical Student Forum

Saturday, November 5, 2016
8:00am - 1:30pm
Mount Sinai Medical Center
One Gustave L. Levy Place
New York, NY  10029

Program to Include:

  • Resident Poster Competition
  • Medical Student Poster Competition
  • Dr's Dilemma Competition
  • Breakout Sessions on:
    • Smoking Cessation
    • Top Ten Things to Look for in a Contract
  • Networking with peers and colleagues

The Dr's Dilemma Competition is now full. To see the list of teams competing , please go Here.

Practice Management

Medicare Deadline Looms for Review of Potential Payment Penalties and Physician Requests for Review of Errors

Late last month, the Centers for Medicare and Medicaid Services posted information on its web site that physicians can consult to determine whether they will be subject to 2017 payment penalties associated with the Physician Quality Reporting System (PQRS) and the Value Modifier.  Practices that have concerns about the findings in their report(s) have until November 30 to file for an informal review of their data.

The penalties in question stem from policies in effect prior to the enactment of the Medicare Access and CHIP Reauthorization Act.  Failure to successfully complete required PQRS reporting will result in a 2% penalty.  Value Modifier penalties can range from 1% to 4% depending on the size of the practice and its performance on cost and quality measures.  PQRS penalties will be communicated to physicians by mail as well as in the PQRS feedback reports posted on the CMS web site.  Value Modifier penalties and bonuses can be found in Quality and Resource Use Reports (QRURs) posted on the web site only.

Additional information on accessing the reports and filing for an informal review can be found in the attached documents.  Those who have questions, even if they are uncertain about penalty status, are urged to submit a request for informal review.  Although in most cases a successful PQRS review will trigger an automatic review of related VM penalties, program officials say the safest course is to file requests for review of both PQRS and VM data.


Upcoming Events

Webinar: October 27, 2016:  What Physicians Need to Know About Changes to the Federal Overtime Law and Its Impact on Your Practice Employees
12:00 PM • Registration Link

Did you know that the new federal overtime rules, to be effective on Dec. 1, 2016 will apply to the employees in your practice?

  • New regulations increasing the minimum salary for exempt employees under the Fair Labor Standards Act become effective December 1, 2016.
  • This session will cover compliance with the regulations and practical implications and strategies for reclassifying employees.

Manhattan: Wednesday, November 2, 2016

6:00pm  Registration  •  6:30pm  Dinner and Educational Program
New York Athletic Club - 180 Central Park South, New York NY  10019

Event Flyer  •  Online Registration

<< Read more on our Education Page

Additional News:

NYACP Legal Counsel:

Laurie Cohen, Esq., Partner at Nixon Peabody, LLP and the Chapter's Attorney provides members with support and direction through articles and answering questions relevant to general practice. Now named “Law Firm of the Year” in Health Care Law by U.S. News and World Report!


Fall 2016 Dateline is Available Online

MLMIC Announces Plans to Join Berkshire Hathaway Family of Companies

NYACP 2016 John Tooker Evergreen Recipient!

Congratulations to New York Chapter ACP for winning an Evergreen award for their Target Resource Webpages Initiative!

New York Chapter of the American College of Physicians
744 Broadway, Albany NY 12207
Tel: 518-427-0366
Fax: 518-427-1991