September 2016

In This Issue
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We are grateful to have the opportunity to provide you valuable information via our free bimonthly e-newsletter and our unparalleled investigative services.

We take special care to ensure the information we provide you in "The Leeeyzawn" is the latest and most current information available. In this edition, we have addressed due diligence before hiring a physician and acquiring a physician practice.

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Your Team at Arkansas Investigations

Due Diligence Before Hiring a Physician
Hiring physicians for your hospital or practice can be a stressful and daunting task. There's no doubt you'll be tasked with extensive background checks, including follow-up on education, references, and past employment. Time and energy should be expended to ensure due diligence is performed and bad doctors or imposters are unable to infiltrate your business.
Though many hospitals utilize medical recruiters for the interview and screening process, the method is not fail-proof. These recruiters do not have all the tools or resources necessary to properly screen candidates.

While it would be ideal to believe that all physicians are 100% honest and ethical, this is not always the case. Dishonesty can range from exaggeration about experience, dishonesty about 'good standing' with a previous hospital, or lying entirely about their credentials as a physician. Can you imagine hiring an imposter who had no credentials and the harm that would pose to your organization?

There's no doubt you've seen headlines that read, "Procedure By Allegedly Fake Doctor Was Botched" and "Fake Doctor Busted in Action." These medical imposters and bad doctors make
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Due Diligence Before Changing Your Practice
Buying, selling, joining, or merging with an existing practice can be an exciting and stressful experience for all parties involved. There are several factors to consider in these complex business transactions, and making sure you do your due diligence is essential to your success. Knowing the key questions to ask to ensure your reputation isn't tarnished is crucial.

Lois Bowers, MA shared several tips in her article, "Do your due diligence if considering selling to a hospital." Some of her questions are included below. If you're considering selling your business to a hospital or merging with another established practice, consider:
  • What is the benefit to my practice?
  • Will this be profitable?
  • Do the benefits outweigh the loss of my independence?
  • Who would handle the billing and credentialing under this new arrangement?
  • What are the termination-related clauses in the agreement and what is our guarantee period?
  • What would be the cost of malpractice tail insurance? How is payment going to occur, and what are the cash-flow consequences? (i.e. if the hospital were to add payment for the coverage to the physician's bonus, then he or she would have to pay taxes on it.)
  • What is the employment agreement length and...  Read more
About Us
Arkansas Investigations is a premier investigative agency that provides a wide range of investigative services to legal professionals, businesses and individuals anywhere in the state of Arkansas (plus Oklahoma and Louisiana). We are strong advocates for our clients. We conduct quality investigations and provide clear and concise reports of our findings. Our 35-plus years of hands-on experience and training provide our clients with a reliable work product in which they can have confidence. We go above and beyond the call of duty. Our staff includes a Certified Fraud Examiner (CFE), an experienced legal investigator, a Certified Law Enforcement Instructor (CLEI), a paralegal and a Certified Forensic Computer Examiner as well as a Certified Hacking Forensic Examiner. Our motto is "We Find Answers®" - and that's exactly what we do! Learn more...
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