There are medical practices that are not only holding their own but actually thriving and achieving new records of productivity and profitability.Here are techniques they employ that might help you... Read More >
You don't have to be wealthy to be financially stable. Financial stability can mean a lot more than that like being able to afford your current lifestyle or saving up... Read More >
Use a technique familiar to your training and experience. Look at each employee performance the same way you approach diagnosing a patient. For example, if you like using the traditional... Read More >
Judith Aburmishan, MPA, CPA, of A&A CPA, LLC, hosted this episode of Ask An Accountant, where Reed was featured to discuss medical practice mergers. Read More >
Buying and selling medical practices is a big decision. It s crucial to do your research and recruit the right help. Consider hiring a healthcare CPA, such as Reed Tinsley... Read More >
As someone who has worked exclusively with physicians over the past nearly 35 years, I continue to be amazed at what a wreck most physician personal finances are. Read More >
There are several ways assets transfer on death directly from the decedent/owner to others without probate. The following are some of the more common ways. Read More >
It's easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using your meeting time wisely. If you don t... Read More >
The IRS urges businesses to review their eligibility for the Employee Retention Credit because there's limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as... Read More >
In one of my previous writings, the subject was about new year resolutions for medical practices and their management. Read More >
In healthcare, the buying and selling of medical practices is a common occurrence. Whether you are a physician looking to expand your reach or a practitioner considering retirement, understanding the... Read More >
Hiring for an Administrator Position? Here are Key Interview Questions At some point your physician medical practice may need to hire a new office manager or administrator I m assuming... Read More >
Some natural disasters are more common in the summer, but major events such as winter freezes, tornadoes and fires can strike at any time. It's always a good idea to... Read More >
Say the word insurance, and most doctors immediately think malpractice. But if the only thing your group or individual medical practice is insured against is a lawsuit, you may be... Read More >
In recent years, there has been a surge in the popularity of values-based investing, as individuals increasingly seek to align their financial decisions with their beliefs and personal interests. Read More >
Often as you wrap up a visit for the problem that your patient scheduled his appointment for, the other symptom appears. The "hidden agenda" patient strikes again. Read More >
If you think that all CPAs are created equal, think again. As a busy physician and higher earner, you would likely benefit from the assistance of a healthcare accountant. Read More >
Even middle- and upper-income earners face retirement risks. What are some of the biggest risks, and how can you preserve your financial security in retirement? Read More >
Throughout your life, your financial needs will change, and life insurance can help you meet some of those needs. But how much insurance do you need? Read More >
Do You Have Productive Staff Meetings? It s easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using your... Read More >
HIPAA Can Help Manage Risk There is a lot to unpack with HIPAA law. It may seem more work than it s worth, but unfortunately, it must be addressed. HIPAA... Read More >
Estate Planning Tips for Physicians and Others Many think estate planning is only a concern for those who are later in their stage of life or wealthy. They put it... Read More >
Year End Personal Tax Planning Ideas I don t know about you but this year is flying by So before the year closes out on us, it s time to... Read More >
Tips on Hiring Staff for a Physician s Office Physicians and managers dread the day an employee says she or he will be leaving the practice. There are just so... Read More >
Here Are Four Reasons to Review Your Life Insurance Needs - You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don... Read More >
Here are Some Tactics to Improve Patient Retention in Your Medical Practice - Attracting new patients to your practice is one thing but keeping them can be an entirely different... Read More >
Protect Your Physician Medical Practice from Embezzlement Medical practice embezzlement war stories confirm the existence of clever thieves that steal from the medical practice they work for. It is devastating... Read More >
MIPS Performance Feedback The Centers for Medicare amp Medicare Services CMS has released Merit-based Incentive Payment System MIPS performance feedback and final scores for the performance year and associated MIPS... Read More >
Why Stay Interviews Are Important Even Americans who are lucky enough to be working in this economy are becoming unhappy with their jobs. According to a Conference Board Job Satisfaction... Read More >
How to Avoid Hiccups in a Merger Process So you ve decided to enter into a merger. Congratulations, you ve completed tireless hours of feasibility analysis and chosen your partners... Read More >
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As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >
