Posted on Wednesday, July 1, 2015 3:33 PM
The U.S. Department of Labor (DOL) announced a proposed rule that would extend overtime pay to nearly 5 million workers, increasing the overtime exemption threshold from a yearly salary of $23,660 to $50,440. The current salary level under which administrative, executive, and professional employees are eligible for overtime compensation is $23,660 per year, or $455 per week on a salary or free basis. The new regulation changes the annual salary for overtime eligibility to $50,440 or $921 per week on a salary of fee basis. Additionally, the proposed rule provides “further clarification” about which employees are eligible for overtime. NAHC is currently analyzing the 295-page rule to determine its impact on home care and hospice agencies. Click here to see the proposed rule. Click here to read more.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.