"...when an organization is engaged in negotiations that involve multimillion dollar contracts — whether it is for supplies, construction, a piece of state-of-the-art equipment, [electronic medical records], etc. — the organization must have effective checks and balances or internal controls in place to assure itself and governance that the processes will serve the best interests of the organization at all times."

— Don Koenig, VP and assistant general counsel for Catholic Healthcare Partners in Ohio, told AIS's Report on Medicare Compliance.

…in construction contracts were awarded to two New York City construction companies in exchange for about $1 million in kickbacks to a purchasing official at New York Presbyterian Hospital, according to federal prosecutors. A construction company owner now faces five years in prison and a $250,000 fine.

New Webcast: Learn How to Create and Manage the Modern Healthcare Formulary, May 13th - Move beyond spreadsheets and proprietary databases, by building your digital healthcare platform with an online formulary. Create your own rules/criteria, and verify results in seconds. Join us and learn how easy formulary can be when you make the rules. Register now.

The 17th Annual WEDI National Conference will take place May 19-22 at the Hyatt Regency Baltimore on the Inner Harbor. Hear from industry and government leaders as they discuss key business issues and case studies on topics of importance to the healthcare industry. Click here for more information.