Payment Models for ACOs
nbsp An ACO may use a range of payment models e.g., fee for service with or without shared savings arrangements, capitation for specific defined populations e.g., diabetes , or global... Read More >
Creating a pro forma for a new ancillary or service line
Mastering Healthcare Financial Decisions with Pro Forma Analysis The basic economic definition of a pro forma describes a presentation of data that reflects an as if basis. Many in the... Read More >
Don’t forget best practices for your physician practice
There is a reason there are provider practices called best practices. They fall into a category of healthcare practices that are determined to not only strive for that excellence in... Read More >
Questions to Ask Before Signing an EMR/EHR Agreement
nbsp . Have you defined your needs? You will need to complete a needs assessment or an evaluation of what exact goals you will need the EHR product to meet.... Read More >
Hospital self-disclosure results in 8.5 million dollar of settlement
ProMedica Memorial Hospital in Fremont will pay . million to settle claims that it engaged in improper financial relationships with referring physicians, according to a news release from the U.S.... Read More >
AMA Issues Grace Period Guide to Assist Physicians
nbsp The American Medical Association AMA announced new resources to guide physicians on navigating a little known rule in the Affordable Care Act ACA that could pose a significant financial... Read More >
Implement Credit Card on File Program to Increase Collections, Reduce A/R
nbsp We know patients are bearing more of the financial burden for healthcare, particularly in the form of High Deductible Health Plans HDHPs , so it falls to the provider... Read More >
The ABCs of Providing the Annual Wellness Visit Educational Tool — Revised
The Quick Reference Information The ABCs of Providing the Annual Wellness Visit Educational Tool has been revised by CMS and is now available in downloadable format. This educational tool is... Read More >
Physician practice patient retention strategies
nbsp Attracting new patients to your practice is one thing, but keeping them can be an entirely different issue. The days when you got to treat all members in a... Read More >
Communicate with patients to improve patient satisfaction
nbsp Last year Consumer Reports started ranking physicians and other healthcare providers in recent issues. Although most patients generally rated their physicians highly, they were less pleased with their interactions... Read More >
Even with change, remember the simple things
It seems like change is everywhere these days and how to address these changes are at the forefront with physicians and their practice administrators. Sometimes however we need to remember... Read More >
EHR Incentive Program: Medicare EPs Must Attest by March 31 to Receive 2013 Incentive
nbsp If you are an eligible professional EP , the last day you can register and attest to demonstrating meaningful use for the Medicare Electronic Health Record EHR Incentive Program... Read More >
Small Business Health Care Credit
nbsp In a news release, the IRS recommended that small businesses determine whether they can take the small business health care tax credit. The IRS website has a page devoted... Read More >
Ten Facts about Capital Gains and Losses
When you sell a capital asset, the sale usually results in a capital gain or loss. A capital asset includes most property you own and use for personal or investment... Read More >
How one physician practice is tackling transition to ICD-10
nbsp If haven t already started working on the transition to ICD- , you might be in a heep of trouble down the road. Here is how one physician practice... Read More >
The Fast And The Dead
nbsp Submited by Mark Weiss, JD Let s listen in to a series of calls from a potential deal partner to the office of the Smith and Jones Medical Group... Read More >
Physician office front desk collections
Today, patients are responsible for much larger portions of their medical bills. Copayments are on the rise, as are coinsurance and deductibles. It s not a stretch to say that... Read More >
HIPAA – patient sign-in sheets or call out the names
nbsp Question May physician offices use patient sign-in sheets or call out the names of their patients in their waiting rooms? Answer Yes. Covered entities, such as physician s offices,... Read More >
Multi-Million Dollar Settlement in Halifax Stark Case
nbsp Facing as much as . billion in damages and civil penalties and having already spent more than million in legal fees, Halifax Hospital in Daytona Florida averted jury selection... Read More >
Years to partnership
Question In recruiting new doctor to our physician group medical practice, how many years before they should be eligible for partnership in the practice. Thanks Answer My recommendation is years... Read More >
Another word about physician practice mergers
Is bigger better when it comes to private medical practices? This is a question I get quite frequently from physicians who are considering whether to merge with other practices. In... Read More >
New and Updated FAQs for the EHR Incentive Programs Now Available by CMS
nbsp To keep you updated with information on the Medicare and Medicaid Electronic Health Record HER Incentive Programs, CMS has recently added four new FAQs and an updated FAQ to... Read More >
How Employees can File Whistleblower Complaints under ACA
nbsp Employees are protected from retaliation for reporting alleged violations of the Affordable Care Act s health coverage reforms Title I of the Act and for receiving a premium tax... Read More >
Affordable Care Act 90-day Waiting Period for Coverage
nbsp Beginning , the Affordable Care Act prohibits group health plans and group health insurance issuers from applying waiting periods exceeding days. Under newly issued final regulations , the phrase... Read More >
Are you guilty of “cut-and-paste” physician EHR documentation?
nbsp Federal officials say the cut-and-paste features common to electronic health records could invite fraudulent use of duplicated clinical notes and that there is a need to clamp down on... Read More >
Upcoming webinar on physician practice mergers
nbsp If you ve been reading my preachings of late, you know how much I m in favor of physician practices merging with one another. Merging with another medical practice... Read More >
HHS Releases Model of Notices of Privacy Practices in Spanish
Issuance of Spanish Model Notices of Privacy Practices A Spanish version of the Model Notices of Privacy Practices NPP has been issued by the U.S. Department of Health and Human... Read More >
The White Coat Investor: A Doctor’s Guide To Personal Finance And Investing
This is a new book I ran across written by a practicing emergency physician. It specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income... Read More >
What does its cost to start up an ACO
nbsp Startup costs for the Medicare Shared Saving Plan MSSP Accountable Care Organizations ACOs are higher than estimated by CMS but considerably lower than many other estimates, according to a... Read More >
HIPAA and patient sign in sheets
nbsp I often get the following question from physician offices May physician offices use patient sign-in sheets or call out the names of their patients in their waiting rooms? The... Read More >
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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 >
