PRACTICES
REQUIRED TO
UPDATE CREDIT
CARD MACHINES
Physician practices which currently use magnetic strip credit card
terminals will be required to transition to a chip and pin (EMV)
capable credit card device by October 1, 2015.
New federal legislation will soon require all credit card processing
terminals to ensure EMV compliance and most current credit card
machines are not capable of processing microchip transactions.
This change will help curb the theft of credit card data by utilizing
additional security data within each credit card microchip.
Practices should check their current credit card terminals to see
if they are EMV compliant. If not, contact your current credit card
terminal manufacturer to learn more about transitioning to the
new systems. If you have any further questions, contact the GLMS
Physician Education & Practice Support Department at 502-7366354 or [email protected].
SIGNIFICANT LEGISLATION THAT
PASSED (CONTINUED FROM PAGE 1):
Senate Bill 192: protections for Good Samaritans who report
an overdose to the authorities, stiffer sentences for traffickers, greater access to Naloxone by first responders, and a
state coffer for addiction treatment programs
House Bill 248: eliminates outdated HIV/AIDS training requirements for health care professionals thereby providing
some relief from mandates for issue-specific CMEs
Senate Bill 61: assures full coverage of colorectal cancer
screenings
Senate Bill 77: creates a single, uniform document that
summarizes a patient’s health care decisions and can be
used across all health care settings
Senate Bill 44: allows patients who suffer from chronic
diseases to “sync” all of their maintenance medications and
refill them on one appointed day each month
House Bill 258: increases the number of physician assistants
a doctor can supervise from two to four
House Bill 377: expands the reach of collaborative care
agreements to include multiple physicians and pharmacists
caring for a specifically identified patient
Senate Bill 51: allows a physician to discharge the duty to
warn and still enjoy the liability protection afforded by the
law when the patient is involved in outpatient care
Providing Unique and Easy
Solutions to the Medical
Community for over 25 years.
4 Medical Resident Home Loans
100% Financing*, low closing costs
4 New Physician Home Loans
100% Financing*, low closing costs
4 Physician Home Loans
Reduced closing costs and rates
Senate Bill 107: eliminates the Annual Disclosure of Ownership requirement and instead aligns reporting mandates
with the less onerous deadlines set by federal law
House Bill 315: requires booster seats to be used in motor
vehicles by children who are less than eight years old and
are between 40 and 57 inches in height
House Bill 8: expands civil protective orders to cover dating violence victims, as well as victims of sexual abuse and
stalking
4 Business Banking Private Practice
Line of Credit, Equipment Financing,
Treasury Management-Lockbox
DARLA TOWNSEND
VP, SR. PRIVATE
BANKING OFFICER
502-329-4588
NMLS ID # 520594
PAT SULLIVAN
PRIVATE BANKING
OFFICER
502-420-1878
NMLS ID # 419192
* As of 02/18/2015, $100,000 seven-year Adjustable Rate Mortgage (ARM) loan,
3.695% Annual Percentage Rate (APR) with 84 payments of $449.04. After
84 Payments, loan rate adjusts yearly based on changes to the Prime Rate as
published in the Wall Street Journal plus 0.50%. As of 02/18/2015 Prime Rate
is 3.25%, therefore loan payment would adjust to 276 payments of $460.34.
Maximum loan amount $300,000 for Medical Residents and $417,000 for
New Physicians. Maximum 100% loan-to-value. Loan example does not include
monthly taxes and insurance so your actual payment may be greater. You must
have opened or open your primary checking account to receive $500 discount
on closing costs. Your primary checking account must be maintained in active
status for the term of the Loan or a $500 fee may be assessed. Please ask us
about the Promotional Closing Cost Program Participation Agreement for more
details. Offer available for owner-occupied properties. Offer and rates subject to
change. Loan subject to underwriting and approval. Additional restrictions apply.
Limited time offer. Republic Bank & Trust Company Loan Originator ID #402606.
GLMS NEWS APRIL 2015
3