Transactional compliance pitfalls arise from structural flaws. For example, in the healthcare industry, a referral source lease must be properly structured and comply with applicable healthcare laws. This will include, inter alia, ensuring that the terms of the lease are commercially reasonable and consistent with fair market value. To learn more about the pitfalls of transaction compliance, download our best practices. “5 main pitfalls when performing transactions… “
However, structuring a deal in accordance with Stark’s Law is only half the battle. A convention to avoid transaction errors can still lead to non-compliance if not administered correctly.
Compliance pitfalls arise from inappropriate administration of medical lease agreements. Proper administration of real estate lease arrangements is just as important as ensuring that the arrangements are structured in accordance with the Stark Act and the Non-Returning Statute. A lease that is structured in full compliance with the law can easily expose a healthcare provider to violations if not properly managed. To learn more about the pitfalls of operational compliance, download our white paper. “Top 5 Operational Compliance Issues Associated with Hospital-Doctor Lease Agreements… “
To mitigate the risks associated with errors in operations and compliance operations, it is critical to develop and implement an effective real estate compliance program. An effective real estate compliance program will not only help healthcare providers avoid the huge costs associated with noncompliance with real estate agreements, but can also improve the overall effectiveness of their real estate programs and ultimately help them provide better care for their patients.
Realty Trust Group provides a wide range of compliance advisory and advisory services that range from providing transaction-specific support for real estate agreements with reference sources to helping healthcare providers design and implement effective real estate compliance programs. We would be more than happy to discuss your specific medical compliance needs to determine how we can best help you.
For more information on our compliance services please visit our website. here…
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About Realty Trust Group
Realty Trust Group, LLC (“RTG”) is a real estate consultancy and services company offering a full range of real estate services including consulting, development, transactions, operations and regulatory compliance.
Since 1998, RTG has been helping hospitals, physician groups and property owners navigate a rapidly changing industry with growth strategies that ensure market leadership and improve patient and physician services for better healthcare delivery. Our philosophy is to provide innovative solutions to the complex challenges faced in today’s healthcare real estate market. These solutions include strategic campus and site planning, portfolio optimization, portfolio monetization, project development, leasing, acquisition and distribution services, portfolio management, regulatory compliance, and many other ideas and services. For more information on RTG and our innovative healthcare services, visit www.realtytrustgroup.com, Facebook, LinkedInor call 865-521-0630.
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