No Rental Losses for Home Leased to Relative
A cardiologist and his wife claimed large losses attributable to a house that they rented to their daughter for , month. Previously, they had rented the house to an unrelated... Read More >
Health Care Reporting Reminder for Employers
The IRS has reminded Applicable Large Employers ALEs generally those with or more full-time equivalent employees that they are subject to new reporting requirements for . The first statements Form... Read More >
5 Ways to Check Your Medicare Claim Status
You can check your claim status by Interactive Voice Response IVR IVR gives providers access to Medicare claims information through a toll-free telephone number. Visit your Medicare Administrative Contractor MAC... Read More >
More on ICD-10 Implementation
Coding around the Compliance Date A claim cannot contain both ICD- codes and ICD- codes For dates of service prior to October , submit claims with the appropriate ICD- codes,... Read More >
Dealing with problem employees in your medical practice
The key to dealing with problem medical practice employees is moving quickly to fix the behavior. Here s what I recommend . Use formal write-ups. Document it when employees demonstrate... Read More >
Get ICD-10 Answers All in One Place
The ICD- -CM PCS Frequently Asked Questions web page has answers to your questions about Claims processing and billing Coding General Equivalence Mappings GEMs Home Health National Coverage Determinations NCDs... Read More >
Independent Contractor Charged With Embezzling $1M From Medical Practice
A financial management consultant was indicted Wednesday in Rhode Island federal court on charges relating to the alleged embezzlement of more than million from an anesthesiology practice and its employee... Read More >
The First False Claims Act Involving the Affordable Care Act (ACA) 60 Day Repayment Rule
While the False Claims Act FCA has been in existence for years, many providers do not know that the rule was extended in . As part of the Affordable Care... Read More >
A Few Tips to Improve Patient Collections
Strategy for Patient Collections Here are five tips and strategies to help improve patient collections. Retrain front-desk staff The most important approach is to train or retrain the staff that... Read More >
Employee confusion often triggers DOL investigations
At a government industry payroll professionals meeting in Washington, DC, a DOL representative revealed that many DOL investigations are prompted by workers even though their employers are currently in compliance.... Read More >
Medicare Yet To Save Money Through ACO Model
A high-profile Medicare experiment pushing doctors and hospitals to join together to operate more efficiently has yet to save the government money, with nearly half of the groups costing more... Read More >
Get Ready Now: Assess How ICD-10 Will Affect Your Practice
With ICD- less than a month away, now is the time to get ready. You can make sure your practice is prepared by following the ABCs of ICD- Assess how... Read More >
Kaiser Health News: When The Hospital Is Boss, That’s Where Doctors’ Patients Go
Kaiser Health News staff writer Jay Hancock reports Why did hospitals binge-buy doctor practices in recent years? To improve care coordination, lower costs and upgrade patient experiences, say hospitals. To... Read More >
Georgia Hospital System and Physician to Pay More than $25 Million to Settle Alleged False Claims Act and Stark Law VIolations
Columbus Regional Healthcare System Columbus Regional and Dr. Andrew Pippas have agreed to pay more than million to resolve allegations that they violated the False Claims Act by submitting claims... Read More >
Best little piece of customer service advice for front desk personnel at your physician office
A piece of customer service advice I give my clients is for the front desk staff is smile anytime they talk answering the phone or greeting a patient. If you... Read More >
Your Health Insurer May Request Your Social Security Number
Your health insurance company may request that you provide them with the social security numbers for you, your spouse and your children covered by your policy. This is because the... Read More >
First Ever Federal and 17 State Whistleblower Settlement Under Affordable Care Act Over Failure to Return Overpayments Within 60 Days
The U.S. Attorney s Office announced that Pediatric Services of America Healthcare, Pediatric Services of America, Inc., Pediatric Healthcare, Inc., Pediatric Home Nursing Services collectively, PSA , and Portfolio Logic,... Read More >
Healthcare Reform Update-Reporting Guidance for Applicable Large Employers
The IRS provides guidance for Applicable Large Employers ALEs generally those with or more full-time equivalent employees on providing statements to their full-time employees about the health insurance coverage offered... Read More >
Does Your Practice Need a Disruptive Physician Policy?
One of the most challenging problems I encounter working with physician practices is disruptive physician behavior. This type of behavior usually manifests in a host of unpleasant ways such as... Read More >
Some tips on hiring billing staff
Physicians and managers dread the day an employee says she will be leaving the practice. There are just so many challenges to think about How long will it take to... Read More >
ICD-10 Clinical Concepts Guides for Specialties
CMS has launched the ICD- Clinical Concepts Series for Specialties to help physicians and other providers get up to speed. Each guide in the series compiles key information from the... Read More >
Challenges facing hospitals that employ physicians – The $100,000 experience
Over the past five years, hospitals have increased employing community physicians. In many instances, these institutions are aggressively seeking ways to maintain and build their market share of inpatient admissions... Read More >
NPP Visit Affects “New vs. Established” Status
If a non-physician practitioner NPP but not a physician has seen a patient within the last three years, is the patient new or established? Although CPT consistently uses the term... Read More >
Four Key Team Members Every Medical Practice Needs
Every medical practice has a variety of specialized team members that handle patient intake, billing, collections, office management, and, of course, the delivery of the actual medical care itself. In... Read More >
IRS Offers Easy-to-Use Online Tools
When you need tax help, the IRS has many online tools that are easy to use. You can e-file your tax return free, check your refund s status or get... Read More >
Physician practice loan consolidation & deducting interest expense
Recently received the following question I am a physician who has a proposal from a bank to borrow k. The loan is primarily to consolidate some personal debt, but the... Read More >
2016 Illustrated CPT® Coding Manuals
If you ve been looking for a one-stop, illustrated coding reference that provides the critical coding details you need to accurately report your provider s services in , look no... Read More >
More ICD-10 Updates
Clarifying Questions and Answers Related to CMS AMA Joint Announcement and Guidance Regarding ICD- Flexibilities On July , , CMS and the American Medical Association AMA released a joint statement... Read More >
Physician Practice Musings: Percentages and evaluating yourself as a manager
When evaluating collection and adjustment percentages in a medical practice, be sure to include several months of activity, preferably one full year or at least six months. The reason is... Read More >
Patient Satisfaction: Apologize for Waiting Time & a Telephone Survey
If physicians want to achieve excellent patient relations in their office, they must take a role in apologizing to patients for waiting time. Have you ever heard a physician say... 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 >
