Quick read to learn more about online reviews
Online reviews are the new word of mouth. They play a significant role in how patients ultimately find and choose your physician practice. I m finding that healthcare professionals that... Read More >
Medicare’s new evaluation & management code changes – Are you confused?
There seems to be a lot of confusion that the E M codes and levels are changing in . This is NOT accurate. The changes to the levels of E... Read More >
CMS Finalizes 2019 Quality Payment Program Rule
The Centers for Medicare and Medicaid Services CMS issued its policies for Year of the Quality Payment Program via the Medicare Physician Fee Schedule PFS Final Rule. The provisions in... Read More >
Ophthalmology Services: Questionable Billing and Improper Payments per Medicare
The Office of the Inspector General OIG reports that Medicare is vulnerable to fraud, waste, and abuse for wet Age-related Macular Degeneration wet AMD and cataracts Administration of Lucentis injections... Read More >
Unexpected Places for Physician Practice Overhead Savings
Unfortunately, it s much easier to cut down on expenses than it is to increase profits. But that doesn t mean your practice must cut jobs or benefits to improve... Read More >
Have you thought about medical practice succession planning
Great article by the Coker Group Coker Group Website https cokergroup.com Preparing for entails developing budgets, sales objectives, and other forward-thinking activities. Another critical action to consider is your organization... Read More >
Items & Services Not Covered under Medicare Booklet
A revised Items and Services Not Covered under Medicare Booklet is available. Learn about: Four categories not covered under Medicare Applicable exceptions Read More >
Managed care contract negotiation – Preparing to negotiate outline
Contracts, manuals amp fee schedules, where are they Oh, my Determine payor contract contact Determine if reimbursement is based on RBRVS or compare to Medicare Determination of any billing concerns... Read More >
Optimum level of staff for a physician’s office
There s no simple formula for staffing that one can apply to every practice because each specialty and each situation requires something different. It is very important to right-size your... Read More >
Free Webinar – Helping Physician Practices Negotiate and Deal with Managed Care Plans – Tips and Strategies
Most medical practices do not negotiate their managed care contracts. However, many practices have successfully increased practice revenues by developing a sound negotiation strategy and then going out and implementing... Read More >
Kusserow on Compliance – The challenge of protecting PHI
The challenges of securing sensitive information which is stored electronically, has become extremely difficult in the face of legal requirements to do so, and every day there are new reports... Read More >
Hospitals Should Think Outside of the Box When Employing Physicians
Over the last several years, hospitals have been acquiring specialty physician practices in response to a number of market forces. However, these types of acquisitions are not new to the... Read More >
A simpler way to keep practice employees from wasting time on the web
You probably need to give employees access to the Internet so they can do their jobs, such as checking payer websites. But you might also worry that they re wasting... Read More >
Protect Your Patients from Influenza this Season
The Centers for Disease Control and Prevention CDC recommends annual influenza vaccination for everyone months and older. Influenza is a serious health threat, especially to vulnerable populations like people and... Read More >
New Coverage for Medicare Diabetes Prevention Program
The Medicare amp You Handbook includes information on the Medicare Diabetes Prevention Program MDPP , a new Medicare-covered service. Help your patients prevent or delay Type diabetes and understand their... Read More >
Ready to sell your medical practice?
Even if you are not considering selling your medical practice now, there are good reasons to maintain it in a condition to be sold. For one thing, healthcare reimbursement is... Read More >
Basic Steps to Handle a Patient’s Complaint With Your Physician Medical Practice
The saying The customer is always right holds true in medical practice, too. Just substitute the word patient for customer. With this in mind, your number-one concern and customer-service goal... Read More >
10 Steps to Financial Harmony
Physicians already have enough stress in their working lives without having to worry about finances at home. Talk openly and regularly with your spouse or partner about finances, acknowledging different... Read More >
IRS says meals continue to be deductible
The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct of the food and beverage expenses associated with operating their trade or business, despite changes to... Read More >
Reminder: New credit benefits physician practice employers who provide paid family and medical leave
Eligible employers who provide paid family and medical leave to their employees during tax years and might qualify for a new business tax credit. This new employer credit for family... Read More >
2019 Annual Medicare Update for the Health Professional Shortage Area (HPSA) Bonus Payments
Section b of the Medicare Prescription Drug, Improvement and Modernization Act of mandated an annual update to the automated HPSA bonus payment file. The Centers for Medicare amp Medicaid Services... Read More >
Maximize Benefits of Having a Patient Portal Within Your Physician Medical Practice
Increasing patient engagement can be accomplished by taking advantage of an existing patient portal in more strategic ways. Since many patients already use their practice s portal to access and... Read More >
Sad to see when a physician practices closes without a transition strategy
Here is a letter I ran across recently written by a pediatric physician. It s sad to see when a doctor literally walks away from a practice he or she... Read More >
Part-time practice and voting participation in a physician group practice
A production-based compensation formula can usually take care of the pay issues involved with part-time work, but you still need to decide how much participation your group requires to merit... Read More >
3 Helpful Tips for Better Subsequent Hospital Care E/M Coding
nbsp Excellent article by Deborah Marsh at SuperCoder https www.supercoder.com Subsequent hospital care E M codes - have some oddities that can trip you up if you don t use... Read More >
Reminder you get 20% discount on Greenbranch Publishing’s healthcare publications
Greenbranch Publishing has kindly offered a discount on their products books, journals, and webinar recordings to my clients, blog readers, colleagues, and friends. All you have to do is use... Read More >
Practice resource – Financial Intelligence for Physician Practices 2018
I am always on the lookout for resource tools for my physician clients. Here is something you might be interested in taking a look at. Are you thriving in the... Read More >
Ever Wonder What the Most Successful Physician Practices Know that You Don’t?
Here s an answer at least when it comes to patient communication .. You can automate a lot of patient communication processes and make them customized and personal. But there... Read More >
What your patients are worrying about
Authored by Jim Turner, Easy Pay Solutions http www.easypaycollect.com Worry is growing about the staggering costs of healthcare and unexpected medical bills. I read a study, column, or white paper... Read More >
Does your medical practice have a disaster plan?
Hurricanes Florence, Isaac and Olivia currently threaten several areas of the U.S., but most small businesses don t have a plan for if the storms affect them. A majority percent... Read More >
Subscribe to my blog
Categories
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 >
