MIPS Participation Status Letter
The Centers for Medicare amp Medicaid Services is reviewing claims and letting practices know which clinicians need to take part in MIPS, the Merit-based Incentive Payment System. MIPS is an... Read More >
Pediatric Practice Settles Government HIPAA Charges
An Illinois pediatric digestive health practice has settled alleged Health Insurance Portability and Accountability Act violations stemming from the disclosure of more than , patients health information to a document-storage... Read More >
Oops I need to amend my tax return
You can fix mistakes or omissions on their tax return by filing an amended tax return. Here are some helpful tips from the IRS File using paper form. Use Form... Read More >
Nursing Home Manager Liable for Penalties for Failing to Pay Over Payroll Taxes
A nursing home manager was liable under Code Sec. for the employee withholding taxes he willfully failed to pay over to the IRS. His claims that he used all available... Read More >
Billing Medicare for Ambulance Transports
In a September report, the Office of the Inspector General OIG released results of a study of Medicare Part B ambulance claims. According to the report, almost percent of ambulance... Read More >
How To Help Kids Save Money
All adults know that money doesn t grow on trees, but that s not necessarily true for kids. Help your kids, grandkids, or other children in your life tuck away... Read More >
April Quarterly Provider Update Available From CMS
By publishing this Update, CMS intends to make it easier for providers, suppliers, and the general public to understand the changes CMS is are proposing or making in the programs... Read More >
Are you a “fraud prone” physician practice?
The following are a list of issues that should raise some embezzlement red flags and call for immediate attention Diminishing cash flow when receipts are strong Receipts do not seem... Read More >
Fee For Service Advance Noncoverage Medicare Beneficiary Notice
The Advance Beneficiary Notice of Noncoverage ABN , Form CMS-R- , and form instructions have been approved by the Office of Management and Budget OMB for renewal. While there are... Read More >
Know these Facts Before Deducting a Charitable Donation
If you gave money or goods to a charity in , you may be able to claim a deduction on your federal tax return. Taxpayers can use the Interactive Tax... Read More >
Members of Ophthalmologist Group Charged with Illegal Boycott of Health Plan
An ophthalmologist cooperative in Puerto Rico settled charges with the Federal Trade Commission FTC earlier this year that it orchestrated an illegal boycott of a health plan. The FTC alleged... Read More >
How To Create A Home Inventory Just In Case
Do you know every single item you own and would you be able to remember it all if you had to recall from memory? Taking a detailed home inventory requires... Read More >
Wins and Losses
Take a moment to review the last year. Think about the triumphs, the failures, the unexpected wins and the unanticipated losses. A year is made up of all these things,... Read More >
New Guidebook on the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA)
MACRA focuses on the quality of services rather than the number of services provided by your practice. Your Medicare revenue can see a reduction of up to or an increase... Read More >
Two Words to Soothe Harmed Patients: We’re Sorry
For patients and their families killed or maimed by medical errors, Crisp s experience in which doctors clam up and hospitals deny wrongdoing and aggressively defend their care remains standard... Read More >
Revised CMS-855R Medicare Benefits Reassignment Application
Physicians and non-physician practitioners must use the revised CMS- R Reassignment of Benefits application beginning January , . Per the Centers of Medicare and Medicaid, Medicare Administrative Contractors can no... Read More >
Quality Payment Program Short Training Videos Now Available
CMS has created a number of new, self-paced educational videos that are now available on YouTube Go.cms.gov QPPvideos and the CMS Events page. These videos help to explain aspects of... Read More >
Avoid a 4% Medicare Cut
January , December , is the first official participation year for the new Medicare payment system. is considered a transition year by Medicare. Click here for instructions on how to... Read More >
Common Medical Practice Management Mistakes and How to Fix Them
Managers are often excellent workers promoted from the ranks they may know how to do the job, but they may not know how to manage. Managers, just like other staff... Read More >
IRS Releases Tax Time Guide: Use IRS.gov Tools to Answer The Tax Questions
The Internal Revenue Service today encouraged taxpayers to take advantage of the online tools and resources available on IRS.gov as the IRS expects heavy call volume during the last two... Read More >
HIPAA risk analysis tool available
In case you missed it, the HHS Office for Civil Rights OCR and Office of the National Coordinator of Health Information Technology ONC released last year a downloadable Security Risk... Read More >
Negotiating a Health Plan Contract
Many physicians assume that attempting to negotiate a health plan contract is hopeless but that is a myth. Practices have been successful in negotiation attempts, winning both payment and term... Read More >
Use the “Where’s My Refund?” Tool
Taxpayers who have not yet received their income tax refunds can use Where s My Refund? app to check the status. Find it on IRS.gov or the free IRS mobile... Read More >
Surgical Centers Can’t Ditch Cigna’s $8M ERISA Suit
A Texas federal judge has refused to throw out the majority of a suit brought by two Cigna units accusing ambulatory surgical centers of violating the Employee Retirement Income Security... Read More >
Billing issues that aggravate the physician medical practice
When a practice s medical billing staff or service fails to accurately claim all the revenue the practice has earned for example, by under-coding to save time or neglecting to... Read More >
Developing & Positioning Physicians to Help Drive ACO Success
ACO success requires organizations to position, empower and support their physicians to drive the fundamental clinical and operational changes necessary for sustainable performance gains. Building physician leadership capability at all... Read More >
Are you an innovating type of physician?
To be a true innovating physician entrepreneur means you must be in a constant state of awareness. No one can survive without focusing in their own way on what matters... Read More >
Taking another look at physician office patient payment policies
Does your practice have a written patient payment policy that clearly states patient payment options and the consequences of not paying? Do you enforce your policy, or do you tend... Read More >
Don’t Fall for Scam Calls and Emails Posing as IRS
Common Scams Posing as the IRS Scams continue to use the IRS as a lure. These tax scams take many different forms. The most common scams are phone calls and... Read More >
Ideas to Increase Physician Referrals
Although you may excel in your specialty, referrals from other physicians are not something you can take for granted. You still have to work at being at the top of... 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 >
