Apr 11, 2017

“At any university, it is of the utmost importance that their instructors are qualified, knowledgeable, and willing to share their expertise, not only in terms of education, but real-life situations as well. The Stevenson University School of Graduate and Professional Studies is fortunate to have many instructors that fit this ideal, including Forensic Studies Adjunct Instructor, Robert Carter. Robert is a Senior Manager at Hertzbach and Company, P.A., and took time out of his schedule to speak with us.” Click here to read the rest of the...

Mar 30, 2017

In December 2016, Neiswanger Management Services (NMS), a Maryland nursing home operator, was sued by the Maryland Attorney General. Maryland Attorney General Brian E. Frosh stated that in the investigation, they discovered that NMS had removed residents from their facilities after their Medicare coverage expired and that they did not find suitable alternative care. NMS strongly disputed the allegations in Frosh’s suit. On Friday March 17, 2017, NMS sued state health officials claiming that they “abused and misused the State survey process” to shut down their facilities. Throughout their legal filings, NMS claims that state health officials unnecessarily targeted their facility, imposed “unjustified” citations and engaged in “illegal actions.” NMS summed up these actions by calling them a “regulatory assault.” If you have any questions about the topics discussed in this blog, we encourage you to reach out to us at...

Mar 14, 2017

A Florida healthcare provider (Memorial Healthcare Systems) has paid the U.S. Department of Health and Human Services $5.5 million to settle potential HIPAA violations. The Health Insurance Portability and Accountability Act of 1996 (HIPAA), was enacted to publicize standards for the electronic exchange, privacy and security of health information. The reasoning behind this settlement was a security breach that occurred within the last several years. 115,143 patients’ information was accessed using a former employees’ login credentials. This security breach was reported by Memorial Healthcare Systems to the Department of Health and Human Services. At Hertzbach & Company, P.A., not only is protecting our clients’ information a top priority, but assisting our clients with protecting their clients’ information is a top priority as well. Here you can view the recent presentations given by our Healthcare Industry Services Group regarding industry-specific issues of fraud and cyber security. If you have any questions about how to protect your healthcare business or your clients, please do not hesitate to contact us at...

Mar 1, 2017

Per recent study, national averages for long-term care expenses have risen. Lincoln Financial Group’s annual “What Care Costs” study provides an interactive website that includes more detail. For instance, the national average cost of a private room has increased from 99,000 in 2015 to $102,900 in 2016. The report also elaborates on how long-term care costs can vary drastically from state to state. In Maryland, a studio apartment in an assisted living facility averages at $61,152 per year. Whereas in Florida, the cost averages at $45,204. These cost differences can be attributed to the type of care needed, the availability of care, and where a person lives. As an accounting and consulting firm with many of our long-term care facility clients being in Maryland (9th highest cost for private room in a skilled nursing home), California (7th highest), Pennsylvania (14th highest), Virginia (29th highest), we find it important to keep them up to date on the rising costs of skilled nursing care and how it is affecting their facility and the industry in which they operate. For more information on how we can help you control costs, maximize reimbursement and prepare for change, contact a representative from our Healthcare Industry Services Group today at...

Feb 21, 2017

Winning the QAP Date: February 23, 2017  10:00 AM-1:00 PM Location: DC Housing Finance Agency (DCHFA) 815 Florida Avenue NW Washington, DC, 20001             Do you have a budget gap? Is your project in need of some tax credit equity? If the answers to these questions are “yes,” then you want to be sure to pay attention to your State’s Qualified Action Plan (QAP). Please join HAND for an engaging and informative session on how to put forth a competitive QAP application on February 23, 2017 from 10:00 AM – 1:00 PM at the DC Housing Finance Agency (DCHFA), 815 Florida Avenue NW, Washington, DC 20001. As part of this two-panel session, you will hear from senior officials from each jurisdiction’s (DC, MD, VA) allocating agency on recent policy changes and housing priorities in the QAPs. You will also hear from an experienced group of consultants and syndicators whose projects have scored successfully on the QAP. From common pitfalls to avoid, to positioning your project to be competitive, you will walk away with insider tips and tricks to help you in your effort. The panel discussions will also discuss changing needs and policy priorities of state and local jurisdictions, as well as how market conditions, cost constraints, and political considerations play out in the QAP process. Confirmed speakers are as follows: Panel 1:  JD Bondurant, Virginia Housing Development Authority Elaine Cornick, Maryland Department of Housing and Community Development Danilo Pelletiere, DC Department of Housing and Community Development Steve Smith, Sun Trust Bank Erik Hoffman, Klein Hornig (Moderator) Panel 2:  Jim Chandler, Astoria LLC Bryan Hollander, Enterprise Community Partners Brian Lopez, Osprey Property Companies Jordan Bishop, Audubon Enterprises Gerry Joseph, Joseph Development (Moderator) Click here to register. Registration Fees: This event is free for current HAND members and $75 for...