Alerts1.12.24

HHS-OIG Declines Sanctions on One-Time, Voluntary Redemption Option for Physician Owners at Retirement Age

retirement plan

HHS-OIG released a favorable opinion on a voluntary redemption option offered to physician owners in a hospital partnership

The U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG) released Advisory Opinion No. 23-12, a favorable opinion regarding a proposed arrangement by which physician owners of a hospital limited liability partnership would receive a one-time, voluntary redemption offer upon reaching age 67, allowing them to have their ownership interest redeemed by the partnership over two years, contingent upon their agreement to retire from the practice of medicine. Despite implicating the federal Anti-Kickback Statute (AKS), the agency determined it would not impose sanctions.

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