Recent Publications
As you may be aware, Medical Malpractice Insurance, New York (“MLMIC”) is currently in the process of being acquired by National Indemnity Company (“NICO”), a Berkshire Hathaway subsidiary. Currently, MLMIC is a mutual insurance company, meaning it is owned by its policyholders/insured physicians. Once the sale to NICO is complete, however, the company will be transitioned to a stock insurance company owned by NICO’s shareholders.
Business financing is commonplace in today’s economy in order to provide steady cash flow. Most standard business financing is asset based; meaning that it is based upon advancing money up to a percentage of the accounts receivable that are deemed by the lender to be “eligible” (usually meaning not over 90 days aged, with not concentration in a single customer over 25%), together with financing of a percentage of current inventory at cost, and possibly durable equipment with residual value.
Every healthcare practitioner who prescribes or administers opioid-based medications should, at this point, be aware that the legal and regulatory landscape has evolved considerably in recent years. Currently one of the most hot-button issues in the medical field, opioid prescribing practices have factored prominently into an increase in investigations and prosecutions by both state and federal law enforcement and state medical licensing authorities.
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