Get over it. New overtime rules a mixed bag for group practices.
New overtime pay rules went into effect Aug. 23, 2004, that will have a dramatic impact on many employers. The rules have several features of particular significance to physician practices. They are the first extensive overhaul of federal overtime regulations, as part of the Fair Labor Standards Act, in more than 30 years. Because the government has given new definitions to exempt administrative and executive employees, medical groups should have considerable flexibility in developing overtime pay strategies.
Tesdahl
D Benson
DB
Powers, Pyles, Sutter and Verville PC, Washington, DC, USA. ben.tesdahl@ppsv.com
Saner
Robert J
RJ
D004608:Eligibility Determination; D004651:Employment / Q000191:economics / Q000331:legislation & jurisprudence*; D035082:Federal Government; D033161:Government Regulation; D006123:Group Practice / Q000331:legislation & jurisprudence* / Q000458:organization & administration; D010561:Personnel Staffing and Scheduling / Q000191:economics / Q000331:legislation & jurisprudence*; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D013219:State Government; D014481:United States