Value of Services Does Not Create Basis until Taxed The taxpayer, along with four other individuals, formed an LLC treated as a partnership for tax purposes. The taxpayer did not... Read More >
This is very important and the more information you can absorb about Medicare s movement to pay for quality, the better off your medical practice will be. The Medicare Access... Read More >
I received the following email yesterday from the American Institute of CPAs and it s right on point. While not directed towards healthcare professionals specifically, we know that physicians are... Read More >
CMS released the Mid-Year Quality and Resource Use Reports MYQRURs to groups and solo practitioners nationwide. MYQRURs are for informational purposes only and will not affect your payments under the... Read More >
The taxpayer, a dietary supplement manufacturer, failed to deposit employment taxes, pay the taxes reported on its payroll tax returns, and timely file payroll tax returns. The IRS assessed penalties... Read More >
As I get older, I m paying more attention to the non-financial side of running a medical practice And one of those things is providing excellent patient customer service. Unfortunately... Read More >
Want help in determining when a non-physician s service can be billed? Novitas Solutions, the Texas Medicare Administrative Contractor, has developed an interactive self-service tool to assist you in determining... Read More >
IRS Disallows Wages Paid to Children The taxpayer, a mother of three young children, maintained a law practice as a sole proprietor. During summer school breaks, the taxpayer brought her... Read More >
One of the common struggles I often come across in private medical practices is what to do when a senior physician wants to go part-time. In busy practices, this issue... Read More >
Don t Forget these To Do Items Hopefully your organization has been following the regular updates from OCR on the HIPAA audit process. But in case you need a refresher,... Read More >
Just keep in mind these issues that arise in a HIPAA complaint also can happen in ANY physician medical practice Feinstein Institute for Medical Research agreed to pay the U.S.... Read More >
Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important... Read More >
HIPAA s rules regarding access to records apply to requests from patients or their personal representatives. Just because an attorney is acting on a patient s behalf and is his... Read More >
Physician Quality Reporting System PQRS educational materials are available Implementation Guide on the How to Get Started webpage for individual eligible professionals and group practices Measures documents on the Measures... Read More >
I think every doc owes it to himself to read a book on contracts preferably a specialty-specific one at the beginning of his final year of residency, and re-read it... Read More >
After years of anticipation, federal regulators yesterday launched a new round of audits to gauge compliance with patient privacy provisions of the Health Insurance Portability and Accountability Act. The launch... Read More >
CMS released a new infographic based on the Next Steps Toolkit to help you analyze your ICD- progress. By tracking and comparing key performance indicators, you can assess your progress,... Read More >
Take the first step and report PQRS quality measures This one s obvious. You can t avoid penalties or gain incentives for the VBM program without reporting PQRS. This year... Read More >
In general business, there s an old saw known as the rule i.e., of your business comes from the top of your clients. For a medical practice, the revenue story... Read More >
Here is a website that has state by state patient record retention from HealthIT.gov http www.healthit.gov sites default files appa - .pdf, from Privacy and Security Solutions for Interoperable Health... Read More >
On March , , the Center for Medicare and Medicaid Services CMS rolled out a new cycle of provider revalidations, including new tools for monitoring a specific provider s revalidation... Read More >
The HHS Office of Inspector General OIG has issued its Semiannual Report to Congress covering April September , . The report summarizes significant OIG audits, investigations, and enforcement activities during... Read More >
Your organization has signed a contract with a payer and you have agreed to accept a discounted fee called an allowable, and to abide by their rules. What is the... Read More >
Question What s the best way to get Medicare and commercial reimbursement amounts by CPT code for a particular locale, say by zip code? Answer Go to https www.cms.gov apps... Read More >
On February , , the Centers for Medicare amp Medicaid Services for HHS CMS issued a final rule that clarified the obligations of Medicare providers and suppliers to report and... Read More >
Collections, once considered the ultimate back-end process in a business office, is now firmly entrenched as a best practice at the front end of a high-functioning revenue cycle. Before the... Read More >
On January , , U.S. Attorney for the Middle District of Florida A. Lee Bentley, III announced, David Spellberg, M.D., has agreed to pay , , to the government to... Read More >
When patients don t respond to your mailed statements, up the ante by calling them. If, as so often happens, you get their voice mail, leave a message requesting a... Read More >
Too often medical groups spend months negotiating a contract with an insurance company only to file it away when it is finished. Instead the contract s terms need to be... Read More >
Among other things, the HITECH Act provided incentives for Medicare Medicaid eligible professionals to participate in EHR incentive program. In addition to providing incentives, this program allowed penalties for reimbursement... Read More >
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