Articles and Blogs

CBRE, Colliers, Marcus & Millichap and Newmark all reported a significant drop in earnings during the second quarter based on transaction volumes that are down about 50% from a year ago. CBRE reported negative cash flow during the quarter, JLL reported a 99% drop in net income from a year ago and Marcus & Millichap…Read More

CMS released the FFY 2024 IPPS Final Rule (“Final Rule”) on August 1, 2023, publishing a fact sheet on its website. The Final Rule is expected to be published in the Federal Register on August 28, 2023. In doing so, CMS will finalize changes to its rural floor wage index policy that can drastically change…Read More

On August 1, 2023, the Centers for Medicare & Medicaid Services (“CMS”) issued its Final Hospital Inpatient Prospective Payment System (“IPPS”) and Long-Term Care Hospital (“LTCH”) PPS rule for fiscal year (“FY”) 2024 (“Final Rule”). The Final Rule increases the rate for IPPS payments by 3.3% in FY 2024 but applies a 0.2% productivity downward…Read More

The Office of Information and Regulatory Affairs recently released the Biden administration’s Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions (the “Unified Agenda”). Contained in the Unified Agenda is an Advanced Notice of Proposed Rulemaking from the Office of Inspector General (“OIG”) of a proposed rule which would, among other changes, expand the scope…Read More

U.S. Citizenship and Immigration Services (“USCIS”) has announced a new version of Form I-9, Employment Eligibility Verification, that is available for use beginning August 1, 2023. The prior version of Form I-9 continues to be effective through October 31, 2023. Additionally, USCIS has announced the authorization of an optional alternative procedure to the in-person physical…Read More

In its latest capital markets update, H2C noted that July nonprofit hospital bond issuance was down 57% year-over-year and down 52% year-to-date (compared to January through June 2022). CMS issued a final rule that will increase payments to SNFs by 4%, or $1.4B, starting in 2024. CMS described the increase as a “parity adjustment recalibration,”…Read More

A new Arizona law imposes several written disclosure requirements that Arizona health facilities must provide to emergency responders when transferring an individual into their care. The new Arizona law (“Arizona Assisted Living Law”) also calls for several written disclosure requirements that Arizona hospitals must provide to an assisted living facility when transferring and discharging an individual into…Read More

The Fifth Circuit Court of Appeals (the “Fifth Circuit”) rendered a significant decision recently in Braidwood Management, Inc. v. Equal Employment Opportunity Commission. This decision has garnered attention and sparked discussions due to its potential implications for religious freedom, employment law and the rights of individuals in the workplace. Background In Braidwood, the plaintiff was a for-profit…Read More