In an era of industry consolidation, Advis is frequently engaged in providing regulatory guidance for health systems undergoing a change of ownership. With Medicare, CHOWs typically occur when a Medicare provider has been purchased by another organization. The change in ownership usually results in the transfer of the former owner’s Medicare Identification Number and provider agreement (including any outstanding Medicare liabilities of the former owner) to the new owner. In addition to the required Medicare filings, a CHOW also triggers various other federal and state filings.
Advis has significant experience guiding health systems and other entities through the complexities of the change of ownership process. Over the years we’ve developed inside knowledge a a finely honed skill set regarding how to get through a CHOW efficiently, accurately, and in a timely manner. Here are some tips to consider during the CHOW process from the experts at Advis: