What you need to know if you have clients in the healthcare industry (US law)
The HITECH Act made dramatic changes in the manner in which the Health Insurance Portability and Accountability Act applies to advisers and consultants like CPAs with healthcare clients, such as physician practices. Effective September of 2013, the same data security requirements, confidentiality rules and civil and criminal penalties apply to CPAs as applying to physicians, dentists, and other healthcare entities! This presents serious challenges to even routine bookkeeping services and especially so for firms engaged in giving advice about medical billing procedures, to say nothing of auditors, valuation consultants, and litigation experts.
What you will learn:
McGowanPRO is and independent agency that operates solely in our client’s interest. Our number one goal is to provide you with a choice of comprehensive coverage options at reasonable premiums. We are not driven by contingent commissions, or other self-serving interests. We are proud members of the Professional Liability Underwriting Society (PLUS), the Better Business Bureau, and hold the highest ranking from Dun & Bradstreet for companies our size.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
