Remember this before trying to implement Six Sigma
nbsp The following are the key steps and questions that you should consider before deciding whether or not a Six Sigma is well suited for your physician practice or healthcare... Read More >
Major Upgrades to the Internet-based Medicare PECOS System
nbsp Over the last year, CMS has listened to your feedback about Internet-based PECOS and made improvements to increase access to more information. PECOS is easier to use than ever... Read More >
Affordable Care Act Waiting Period
nbsp Proposed regulations REG- - were issued to implement the -day waiting period limitation and to make technical amendments to health care coverage requirements under the Affordable Care Act provisions... Read More >
I-9 FORM UPDATED—NEW VERSION EFFECTIVE IMMEDIATELY
nbsp The Immigration Reform and Control Act of and amendments imposes penalties on employers who knowingly hire or continue to employ persons who are not authorized to work in the... Read More >
Qualified Medical Officce Real Property Expenditures Are Again Eligible for Section 179 Deductions
nbsp Historically, real property costs have been ineligible for the Section deduction privilege. However, the Small Business Jobs Act of dramatically changed the deal by allowing Section deductions for up... Read More >
Several New and Updated EHR FAQs Added to CMS Database
nbsp CMS has recently added three new and three updated FAQs related to the Medicare and Medicaid Electronic Health Record EHR Incentive Programs. I encourage you to stay informed by... Read More >
Mandatory Payment Reductions in the Medicare Fee-for-Service (FFS) Program – “Sequestration”
The Budget Control Act of requires, among other things, mandatory across-the-board reductions in Federal spending, also known as sequestration. The American Taxpayer Relief Act of postponed sequestration for months. As... Read More >
What Has Your Website Done For You Lately?
I can always tell how progressive a physician practice is just be looking at its website. In this day and age, websites that really interact with patients is a must... Read More >
THE IMPORTANCE AND ECONOMICS OF UTILIZATION AND OUTCOMES
nbsp In order to compete in a market that is moving towards ACOs, value-based purchasing, cost efficiency, and cost containment, doctors must change old clinical habits. In other words, today... Read More >
Physician Compensation – Pros and Cons of Cost Structure Models
Physician Compensation Best Practices I was recently asked the following question Presently, our physician compensation model is productivity based with allocations of expenses set as equally shared by the number... Read More >
EHR Incentive Programs: Medicare EP Attestation Reminder and Other Updates
nbsp CMS has several updates related to the Electronic Health Record EHR Incentive Programs. February Deadline Eligible professionals EPs who participated in the Medicare Electronic Health Record EHR Incentive Program... Read More >
Physican hospital employment & Stark productivity bonus
Under the Stark employment exception, hospitals can establish a productivity bonus based on the physician s personally performed services. The bonus can be calculated off of the collections. You will... Read More >
Florida dermatologist pays $26.1M to settle False Claim Act allegations
nbsp One of the largest settlements with an individual under the False Claims Act FCA in U.S. history has been announced by the Department of Justice DOJ . A Florida... Read More >
The FTC Will Not Challenge Proposed Clinically Integrated Health Network
The Federal Trade Commission FTC said February that it will not take any enforcement action against Norman Physician Hospital Organization Norman PHO in relation to its proposed formation or operation... Read More >
How physicians can avoid legal problems resulting from a practice merger
Physicians who are considering being part of a merger should weigh their risks and take steps to reduce potential legal hurdles. This is usually done before entering the merger due... Read More >
One way to impress new patients in your physician office
nbsp Want to make a huge first impression and add a personal touch to welcoming new patients? Send a practice brochure with your welcome letter. In the letter indicate the... Read More >
Training Your Physician Medical Billing Staff
nbsp Every medical practice requires continuing education for even the most experienced staff. Standards of performance need to be set up for each of the following criteria. Billing staff need... Read More >
Physician practice performance
nbsp It s the beginning of a new year and now is a perfect time to assess how well your physician medical practice performed financially in the prior year. Was... Read More >
Read your ACO provider agreement very closely
My friend Mark Weiss at the Advisory Law Group http advisorylawgroup.com home.html posted a great blog article on the possible impact of ACO s on physician medical practices. It s... Read More >
ACO’s continue to contract with commercial payers
nbsp Here are two new examples of ACO s contracting with commercial payers. This is a trend that is definitely going to continue. However, I haven t seen hardly any... Read More >
Dear Doctor – pay attention to your website!
I haven t written much about physician practice websites and that is probably a mistake. Why? Because I honestly feel that a properly constructed website is one of the most... Read More >
Several Changes to Stage 1 Meaningful Use Measures Begin This Year – 2013
The Stage rule for the Electronic Health Record EHR Incentive Programs included changes to the Stage meaningful use objectives, measures, and exclusions for eligible professionals EPs , eligible hospitals, and... Read More >
Why Income May Drop if You Sell to Hospital
nbsp Recent reports from the MGMA Medical Group Management Association show that hospital- owned practices are less productive than those that are privately owned. Our experience as medical practice consultants... Read More >
HHS to release update to HIPAA privacy and security rules
nbsp On January , the Department of Health and Human Resources HHS will publish in the Federal Register an update to its HIPAA privacy rule that expands liability of business... Read More >
Physicians Swap Traditional Practices For New Models
According to a recent article in the Kaiser Health News, physicians who are currently practicing independently are looking to innovative practice models in order to either maintain or increase their... Read More >
OSHA and eye wash station checks
nbsp I have a physician client who is conducting weekly eye wash station checks. In a conference earlier this year attending by the office administrator, it was mentioned that medical... Read More >
Details on the Additional Medicare Tax
nbsp When does Additional Medicare Tax start? Additional Medicare Tax applies to wages and compensation above a threshold amount received after December , and to self-employment income above a threshold... Read More >
Ensure Your Staff Understands Your Revenue Cycle Management Processes
nbsp Does your staff really knows what revenue cycle management means or is? I am constantly advocating the importance of training your entire staff to understand how their jobs functions... Read More >
Dear Doctor – It’s That Time of Year Again (AGAIN)
Last year in my newsletter I wrote an article about new year resolutions for medical practices and their management. Well another year has gone by and I m still disappointed... Read More >
Health Professional Shortage Area Bonus Payment Reminder
nbsp Physicians furnishing services to Medicare beneficiaries in areas designated as of December , by the Health Resources and Services Administration HRSA as primary care geographic Health Professional Shortage Areas... 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 >
