Reminder: Stop Reimbursing for Health Insurance by June 30
It s common practice for small employers to reimburse or pay health insurance premiums for individual policies. If they continue to do so, they may be subject to an excise... Read More >
Use online marketing to attract more patients to your physician practice
Here are five ways to get more patients to your practice using online marketing Understand how people search According to several articles, from sources including the American Medical Association and... Read More >
Medicare’s “Items and Services That Are Not Covered Under the Medicare Program” Booklet Revised
The Items and Services That Are Not Covered Under the Medicare Program Booklet was revised and is now available in downloadable format. This booklet is designed to provide education on... Read More >
Should your medical practice have a “standards of behavior” for your employees?
While it seems rather childish, having to tell employees people how to behave, most people really want to know the rules. Good people often have bad habits that irritate patients... Read More >
Electronic device policy in the physician office
I was recently asked if physician practices have a cell phone policy for their offices and my answer was yes. Here is an example from one of my clients Cell... Read More >
Planning for your medical practice’s future success
Physicians are well aware of the need for planning. Indeed, they devise clinical plans on a daily basis as they formulate the best way in which to care for a... Read More >
Some ideas for physicians who want to remain independent
Know your total value It s not just what you collect in the office. Think about the X-rays, labs, and referrals you send out. Without the physician, these sources of... Read More >
A Few Strategies to Boost Physician Practice Income
Consider Expenses vs. Costs In my work with practices, one of the first items that requires scrutiny is expenses. Although physicians must remain within reimbursement guidelines, there are still costs... Read More >
Medicare PQRS Penalty Will Impact 470,000 Clinicians in 2015
The Medicare program will shave its reimbursement this year by . for roughly , clinicians, including , physicians, because they flunked its Physician Quality Reporting System PQRS program in ,... Read More >
Five Facts about ICD-10
To help dispel some of the myths surrounding ICD- , CMS recently talked with providers to identify common misperceptions about the transition to ICD- . These five facts address some... Read More >
Building the best physician office staff you possibly can
As a physician practice owner owner or practice manager you are always looking for the dream team to fulfill the needs of your medical practice. Building a team of great... Read More >
Want to merge or buy a practice? The FTC may be watching
The Federal Trade Commission FTC or Commission recently published its annual highlights, revealing that health care remains a top priority for the Commission. The FTC reported that nearly half of... Read More >
Simple rules to follow for physician practice employees
Sometimes employees do not understand or follow the most basic workplace guidelines. Here is a simple but comprehensive list that you can tweak to make your own. It covers about... Read More >
Tactics for patient retention
Tactic Think of Your Patients as Clients Let s face it, your patients need you probably more than you need them. Far too often, however, medical professionals treat patients as... Read More >
Medicare Learning Network Educational Product Updates
The Independent Diagnostic Testing Facilities Podcast was released and is now available. This podcast is designed to provide valuable education for Independent Diagnostic Testing Facilities IDTFs about enrollment in the... Read More >
Six simple reasons why physician practice can fail
Poor planning and management of the practice s finances, Inadequate technology, Ineffective leadership, Poor management of staff and providers, Lack of marketing planning and implementation, and Inattention to patient satisfaction.... Read More >
Does your medical practice need help?
Every day there are healthcare practices and physicians who know they are in trouble and need help. Almost of the time, if they had called months ago, something could have... Read More >
Three things every physician office manager/administrator should know about
Healthcare billing is riddled with complexity. Complexity inherently means tons of details that may be difficult to prioritize and a staff that is buried in those details. Knowing how to... Read More >
Decreasing calls in to the physician office – Part 2
In this Part about how to decrease incoming calls to your physician office, let s take a look at how to cut calls about billing issues. First and obvious, collect... Read More >
Medicare Quarterly Provider Compliance Newsletter Released
The Medicare Quarterly Provider Compliance Newsletter Volume , Issue Educational Tool was released and is now available in downloadable format. This educational tool is designed to provide education on how... Read More >
Physician practice employees – cost, quality, etc.
In the average medical practice, the effort to reduce cost and improve quality is a people issue. It is a people issue because about of cost and of a practices... Read More >
Getting your physician practice ready for ICD-10
Are you getting ready for the deadline for the new ICD- ? The ICD- transition takes planning, preparation, and time, so medical practices should continue working toward compliance. The following... Read More >
Decreasing calls in to the physician office – Part 1
While scheduling appointments is the foundation of practice income, the time spent on the phone can make it hard for staff to do other things like collect copayments or patient... Read More >
HIPAA requirements for the disposal of protected health information
The HIPAA Privacy Rule requires that covered entities apply appropriate administrative, technical, and physical safeguards to protect the privacy of protected health information PHI , in any form. See CFR... Read More >
Certified Registered Nurse Practitioner (CRNP) & Medicare critical care billing
nbsp . Can a Certified Registered Nurse Practitioner CRNP and a physician bill critical care as a split shared service? The split shared evaluation and management E M visit applies... Read More >
Instructed to cut medical practice overhead
A question I received recently I am new to the position as CFO. The finance committee has instructed me to cut overhead - in the next two months. They have... Read More >
When a Will is Ripe for Revision
nbsp Some types of pears and other fruit don t change color as they ripen. You have to feel the softening. If you wait too long, you ll eat overly... Read More >
Free webinar – Value Based Reimbursement: PQRS & Beyond
The National Society of Certified Healthcare Business Consultants invites you to join our FREE, educational webinar Wednesday, April nd, at EDT entitled Value Based Reimbursement PQRS amp Beyond. The webinar... Read More >
Next Generation ACO Model – Part 2
In my last blog post, I mentioned CMS has introduced the Next Generation ACO Model. Here are some more detailed features of this model New Risk Reward Sharing Levels Next... Read More >
CMS Announces New “Next Generation” ACO Model
On March , , CMS announced the Next Generation Accountable Care Organization ACO Model, its latest Affordable Care Act ACA innovation initiative intended to promote Medicare quality improvement and care... 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 >
