Healthcare

Not-for-Profit Accounting Amendments Update

On March 30, 2016, the Financial Accounting Standards Board (FASB) had its final meeting before finalizing the first phase of the not-for-profit project. The board is working to improve financial statement disclosures stemming from the Proposed Accounting Standards Update (ASU) No. 2015-230, Not-for Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of […]

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ODH Releases 2016 County Bed Need Results

Ohio Department of Health (ODH) has released the results of the 2016 bed need determination for Ohio nursing facilities.  The fiscal year 2010 Ohio budget (House Bill 1) included a provision to allow the inter-county movement of beds between counties in need of beds and counties with excess beds. Certificate of Need (CON) applications to […]

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Proposal for reform of proposed overtime rules

On March 17, 2016 Republicans in the House and Senate introduced the “Protecting Workplace Advancement and Opportunity Act”, in an attempt to reverse potential changes to the white-collar overtime exemption regulations of the Fair Labor Standards Act (FLSA). Proponents of the new bill cited concern over the possibility that the changes could lead to fewer […]

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What do the proposed changes to the Department of Labor Overtime Exemption Regulations mean for your business?

In 2014, President Obama instructed the Department of Labor to update the rules of overtime regulations. After taking into consideration the changes that needed to be made, the Department of Labor began to construct a new rule to raise the overtime threshold. The DOL plans to release the final rule later in 2016. Under the Fair […]

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