New Year Resolutions for Your Medical Practice
Start the New Year Strong Years ago, I wrote an article about new year resolutions for medical practices and their management. Well years have gone by and I m still... Read More >
Is Your Employee Morale Lagging?
Watch for These Signs of Low Morale You strive for a fair and equitable workplace to help attract and retain employees, drive productivity, and comply with federal, state, and local... Read More >
If You Forget to Issue the 1099s, Do you Lose Deductions?
Did You Forget to Issue s? Imagine this you didn t issue Form s to your contract labor services vendors. Now, the IRS is auditing your tax return, and the... Read More >
5 Things to Remember When Filing Your Tax Return
Filing Your Tax Return With filing season beginning January , the Internal Revenue Service IRS reminded taxpayers about several key items to keep in mind when filing their federal income... Read More >
Protect Yourself from Payment Scams
Be Aware of Payment Scams My bank recently informed me about a new scam targeting individuals using person to person money transfer services. Here are a few tips to help... Read More >
It’s Time for a Medical Practice Assessment
Medical Practice Assessment Year end is a great time of year not only because it s the holiday season for most but because it s a good time to evaluate... Read More >
Outside Advisors for your Physician Practice: A Key to Success
Outside Advisors During my years in consulting, I have found that the successful medical practices out there are the ones that surround themselves with excellent advisors. Not only do they... Read More >
Medical Practice Accounts Receivable Statistics
Accounts Receivable and Collection For The Medical Practice MEDICAL PRACTICE MANAGEMENT STATISTICS Administrators produce pounds of paper as part of the month-end close process. Typically, buried deep within these reports... Read More >
Increase Profitability by Reviewing Medical Practice Reports
Reviewing Medical Practice Reports There is a saying that I truly believe in and that is You can t manage what you don t measure. I find many physician offices... Read More >
Tax Security Awareness
Tax Security The IRS and its Security Summit partners recently held the annual National Tax Security Awareness Week. One of the key messages this year was even if someone doesn... Read More >
6 Ways to Protect Yourself from Cybercrime
Cybercrime is a Risk Cybercrime is a constant concern in the online world which means everyone must be mindful of risks when they share devices, shop online and interact on... Read More >
November 2021 Newsletter
November Edition of the Physician Advocate We are enjoyed stepping into the holiday season down here in Texas by celebrating Thanksgiving. November was a packed month, here is what was... Read More >
Health Savings Accounts (HSA) FAQs
FAQs about Health Savings Accounts HSA Health savings accounts can be a potentially advantageous option for high-income earners considering tax-saving strategies. Planning for the future? Get to know more about... Read More >
5 Quick Tips For a Clean Claim
Tips for Filing a Clean Claim Errors in physician billing are common. One of the most common errors is the failure to electronically file a clean claim. Sample Texas law... Read More >
Checklist for a Profitable Medical Practice
Plan for a Profitable Medical Practice A successful medical practice no longer happens by chance. Profitable operations for any physician practice today demands planning, analysis, forethought, a defined direction and... Read More >
October 2021 Newsletter
October Edition of the Physician Advocate Fall is in full swing here in Texas We hope you are enjoying the cooler temps and taking time to see the fall colors.... Read More >
How to Close Your Business
Closing a Business Closing your business can be a difficult and challenging task. The IRS has resources that can help you navigate this. Below you ll find the steps you... Read More >
Case Study: Physicians & The False Claim Act
Physicians amp The False Claim Act The Department of Justice announced this month October that Colonial Family Practice, LLC, a physician-owned primary and urgent care practice with multiple clinics in... Read More >
Time to Check Your Tax Withholding
Check Your Tax Withholding Now that we are in the last quarter of , now is a good time to check tax withholding. Life brings constant changes to individual financial... Read More >
Avoid Bad Business Practices
Don t let Bad Business Practices Undermine Your Group Your medical practice or group works hard to settle on a sound market ing plan and your physicians pride themselves on... Read More >
September 2021 Newsletter
September Edition of the Physician Advocate We head into Fall with the latest from the world of physician practices and taxes. Get caught up on the latest EHR optimization tips,... Read More >
Ransomware Resources for HIPAA Regulated Entities
Ransomware Resources for HIPAA Regulated Entities The HHS Office for Civil Rights OCR is sharing the following information to ensure that HIPAA regulated entities are aware of the resources available... Read More >
EHR Optimization Tips To Make Your Office Life Easier
Optimization Tips Do you have a love-hate relationship with your electronic health record EHR software? Well, sometimes getting over the hump as they say- means tailoring it to your needs.... Read More >
7 Ideas for Physician Practice Revenue Growth
Physician Practice Revenue Growth Medical practices today are essentially operating in a new environment. Today there are significant pressures and challenges to increase physician practice revenue growth and at least... Read More >
Terminating an Employed Physician
Terminating an Employed Physician The Fisher Phillips law firm has provided excellent steps if and when you ever have to terminate an employed physician. For those of us whose client... Read More >
August 2021 Newsletter
August Edition of the Physician Advocate The last month of summer was a busy one As we head into Autumn, these important topics are on our mind The Monetary Life... Read More >
Home Sale Gain Exclusion Break
Home Sale Gain Exclusion The , , , if married home sale gain exclusion break is one of the great tax-saving opportunities. Unmarried homeowners can potentially exclude gains up to... Read More >
Valuation of a Medical Practice: Art or Science?
Medical Practice Valuation What is medical practice worth? It depends. And once you understand this fact, you can then begin to concentrate on how to get to the answer and... Read More >
How to Keep Rock Star Employees From Leaving
Rock Star Employees Your physician practice rock star employees need some love. Here s how to get started. Praise Them For a long time, the highest praise I could offer,... Read More >
Physician Compliance: Keep an Eye on All Communications
Physician Compliance Concerns Every word written or spoken in connection with a physician s practice presents the potential for risk. Based on my experiences, the following are two areas 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 >
