On Sunday, March 2, 2025, the U.S. Treasury Department announced that it would not enforce the Beneficial Ownership Information (BOI) reporting requirement for U.S. citizens and domestic companies. Here are more details regarding the suspension of Beneficial Ownership Information (BOI) reporting enforcement by the U.S. Treasury Department: Background: The BOI reporting requirements were established under…
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The Michigan Earned Sick Time Act (ESTA) was set to take effect on February 21, 2025. The act requires employers to provide paid sick leave to their employees. Here are some key points: Accrual and Usage Accrual Rate: Employees accrue one hour of sick leave for every 30 hours worked. There is no cap on…
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The U.S. Food and Drug Administration (FDA) is alerting patients, caregivers, and healthcare providers about the potential need for early replacement of certain Boston Scientific Accolade pacemaker devices. This includes the Accolade, Proponent, Essentio, and Altrua 2 Standard Life (SL) and Extended Life (EL) pacemakers, as well as the Visionist and Valitude cardiac resynchronization therapy…
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The Change Healthcare data breach, which occurred in February 2024, has had a lasting impact on the healthcare industry. Here are some key points about its effects one year later: Financial Strain: Many healthcare providers are still facing economic challenges due to stalled payments and other expenses. Some providers have taken loans to cover these…
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In fiscal year 2024, the U.S. Department of Justice (DOJ) announced that it recouped over $2.9 billion through settlements and judgments under the False Claims Act (FCA). This marks a 30% increase compared to the previous two years. Here are some key points: Healthcare Fraud: The majority of the recoveries, approximately $1.67 billion, were related…
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