On this episode, Brian Fortune, Senior Managing Director at Farragut Square Group, is joined by Farragut’s own Assistant Vice President, Holly Stokes. Holly breaks down the newly released Physician Fee Schedule (PFS) rule for 2025, discussing the PFS mechanics, key proposals, and anticipated pressures. They review the net cut to the conversion factor and its impact on stakeholders, including potential Congressional interventions and pandemic telehealth flexibilities. Additionally, the conversation highlights bright spots in primary care, gastroenterology, and behavioral health ..read more

On this episode, Brian Fortune, Senior Managing Director at Farragut Square Group is joined by Farragut’s own Assistant Vice President, Holly Stokes, and Sheila Madhani, President of Madhani Healthcare Consulting, as they dive into predictions for the upcoming 2025 Physician Fee Schedule Rule. They share their insights into the rule’s potential impact, as well as providing an update on congressional relief, and what this could mean for the conversion factor in 2025. This episode was recorded prior to the official release of the Physician Fee Schedule Rule, and predictions and analyses are base ..read more

On this episode, Brian Fortune, Senior Managing Director at Farragut Square Group, and Krist Werling, McDermott Partner and co-head of the Firm’s Private Equity Practice Group, are joined by L.A. Galyon IV, Managing Partner at Brentwood Capital Advisors discussing the evolving healthcare deal market, key drivers, challenges, and notable trends shaped by technological advancements. We'll also delve into Brentwood's unique strategies, recent milestones, and what sets them apart in this dynamic landscape ..read more

In this episode, host Brian Fortune, senior managing director at Farragut Square Group, is joined by Farragut’s own Assistant Vice President, Holly Stokes. Holly provides an update and 2024 outlook for the No Surprises Act (NSA). They discuss the carve out, as well as the status of the committee and their recommendations. Along with this update, they share their thoughts on the NSA’s potential impact on the industry ..read more

How, if at all, do ESG principles affect the healthcare sector in general and the not-for-profit sector in particular? 2022 has demonstrated how ESG is being incorporated into healthcare, and it is critical that the entire organizational leadership team, not just the CFO, finance team or other senior executive leaders, as well as the board, understand the scope of this new approach. To gain a greater understanding of the vast implications of Moody’s new ESG scoring system, Michael Peregrine is joined by Moody's Vice President and Senior Credit Officer Daniel Steingart, and Eva Bogaty, Associat ..read more

In this, the second part of an insightful conversation about the challenges and trends facing the executive compensation committee, Michael Peregrine, Tim Cotter, and Ralph DeJong address (i) considerations for special compensation arrangements, (ii) the role of discretion in business judgment and goal-setting for the coming year, and (iii) how the committee can best prepare for and respond to media questions about CEO compensation in advance—as well as a host of additional challenges facing the committee, including: - Performance measures for ESG themes. - Should organizational structural con ..read more

The board’s executive compensation committee is the focus point for many of the extraordinary financial, economic and operating challenges currently facing healthcare organizations. Executive compensation increases are impacted by both an inflationary economy and significant revenue downturn. In addition, the Department of Justice has identified executive compensation as an important conduit through by which corporate compliance incentives and deterrence can be implemented. Furthermore, executive recruitment and retention amidst the “Great Resignation” remains a key compensation concern.   ..read more

Nonprofit healthcare organizations and their governing boards are subject to the authority of the state attorney general, which has broad statutory and common law power with respect to its duty to preserve charitable assets. The attorney general is supported in this work by dedicated charity officials who work within what is normally referred to as the “charitable trust division” of the attorney general’s office.   To help inform nonprofit health systems and their leaders on the role of the attorney general and its charity regulators, Michael Peregrine is joined by Leslie Friedlander ..read more

Corporate directorship continues relentlessly to increase in complexity. The ability of directors to fully engage with the board agenda and to be effective partners in management are two of the most critical corporate governance issues in the current environment. These are issues that implicate a level of commitment by directors to be informed, attentive, and up to speed on their duties and on the issues of importance to the organization that they serve. This commitment is made even more critical this year by the many turns of events that are impacting the agenda in many boardrooms.   To ..read more

Ongoing COVID-19 and related patient care concerns are competing with unexpected financial and economic, and workforce, challenges for room on the boardroom agenda. Hospital and health system boards must find time to accommodate these and other emerging oversight issues within the context of an already-crowded governance docket.    Diligent director preparation and fulsome management support, along with disciplined leadership from the board chair and CEO, will well position the board to satisfy these expanded oversight duties.   Diligent director preparation and fulsome manageme ..read more