Bring More Value to Your 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 meeting time wisely. If you don t... Read More >
ERC and Incorrect Claims
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 >
It’s That Time of The Year Again for Medical Practice Resolutions
In one of my previous writings, the subject was about new year resolutions for medical practices and their management. Read More >
Tax Implications of Buying or Selling a Medical Practice
In healthcare, the selling and buying 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 >
Key Interview Questions for an Administrator Role
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 >
Six Tips for Safeguarding Your Records
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 >
Beyond Malpractice Insurance
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 >
What Is Values-Based Investing?
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 >
When Treating a Patient Ask “What else?” First
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 >
Q&A with Reed Tinsley: What every physician should look for in an accountant
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 >
Retirement Risks for High Income-Earners
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 >
How Much Life Insurance Do You Need?
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 meeting time wisely. Read More >
Managing Your Risk with HIPAA
There is a lot to unpack with HIPAA law, but it must be addressed. HIPAA isn t all bad. Did you know HIPAA can help you manage your risk in... Read More >
9 Estate Planning Tips and Tricks for Physicians (and Others)
Many think estate planning is only a concern for those who are later in their stage of life or who are wealthy. They may put it off for years, or... Read More >
Six 2023 Year-end Personal Tax Planning Ideas
Before the year closes, it's time to think about some year end tax planning. Here are some things to think about doing before the end of 2023. Read More >
Tips on Hiring Billing Staff for Physician’s Office
Physicians and managers dread the day an employee says she or he will be leaving the practice. There are so many challenges to think through, but the pursuit to employ... Read More >
Four Reasons Why You Need to Review Your Life Insurance Needs
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 >
Strategies 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 issue. The days when you treat all family members from cradle to grave... Read More >
Steps to Avoid Embezzlement in Your Physician Medical Practice
Medical practice embezzlement war stories confirm the existence of clever thieves who steal from the medical practice they work for. It is devastating at both an emotional and financial level... Read More >
2022 MIPS Performance Feedback
The Centers for Medicare & Medicare Services has released Merit-based Incentive Payment System (MIPS) performance feedback and scores for 2022 and associated MIPS payment adjustment information for 2024. Read More >
Stay Interviews: Keeping Staff on the Job
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 Survey, in which researchers interviewed... Read More >
Preventing Physician Merger Hiccups
So you've decided to enter into a merger. Congratulations, you've completed tireless hours of feasibility analysis and chosen your partners with the utmost care. But your work is far from... Read More >
Medical Practice Cash Flow Forecasting and Collections Performance
Cash Flow Forecasting and Collections Performance The ability to forecast cash flow and collections performance is vital to any medical practice. Yet many practices don t realize they have valuable... Read More >
Midyear Tax Planning Strategies for Individuals
Tax Planning Strategies The less hectic summer season is a good time to consider steps to cut your tax bill. Here are seven tax planning strategies to consider, assuming our... Read More >
4 Tips on Dealing with a “Problem Partner”
How to Deal with a Problem Partner Many physician groups suffer because of a member s deficiencies. The problem partner may have an explosive temper driving patients and referrers away.... Read More >
What You Need to Know about the Federal Pregnant Workers Fairness Act (PWFA)
Federal employment law is about to give birth to some long-overdue requirements. As of June , , employers with or more employees must provide pregnancy-related accommodations to employees and applicants... Read More >
A Lifetime’s Worth of Physician Financial Goals
Physician Financial Goals What are your financial goals? The answer to that question will change through life, but this handy guide can help you and your loved ones plan for... Read More >
Marketing Tips to Grow Patient Volume
Marketing tips to grow patient volume Note This article has been adapted from Provide The Path to Owning It s podcast episode six with Mike Shoun, president and CEO of... Read More >
Personal Emergency Preparedness Plan
Have a plan for your financial records People should put together an emergency preparedness plan for their household and include copies of their vital records and financial information. By creating... Read More >
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Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement UncategorizedAbout Reed Tinsley, CPA
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 >
