Measuring access to your physician providers
nbsp How is the access to your medical providers? Good bad? Effiicient inefficient? Any problems related to physician access can and will lead to lost revenue. So access is one... Read More >
The “White Coat” Investor
nbsp I recently stumbled on a very nice financial advice website for healthcare professionals http whitecoatinvestor.com . The website was started by Dr. Jim Dahle, a practicing, full-time, board-certified emergency... Read More >
SWOT analysis for a physician medical practice?
What is a SWOT analysis? It is a situation analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined... Read More >
New Settlement Under Stark Self-Referral Protocol
Another hospital decides to self-disclose possible Stark violations. The following are the violations disclosed Failing to satisfy the requirements of the physician recruitment exception for an arrangement with one physician... Read More >
IRS Releases FAQ on Medical Device Excise Tax
nbsp Q . What is the medical device excise tax? A . Section of the Internal Revenue Code imposes an excise tax on the sale of certain medical devices by... Read More >
Physician front desk ideas and procedures
Create self-pay policy Create materials to clearly communicate policy to patients Consider policies for special circumstances Make reminder call in advance of appointment Confirm demographics Scan insurance cards Collect co-pays... Read More >
Guidance Regarding Methods for De-identification of PHI
This document provides guidance about methods and approaches to achieve de-identification in accordance with the Health Insurance Portability and Accountability Act of HIPAA Privacy Rule. The guidance explains and answers... Read More >
Improving charge-capture in the physician office
nbsp You want to be sure you don t miss ancillaries, such as lab and X-rays. Rule , decide who s responsible for noting charges. If it s your physician... Read More >
2013 OIG Work Plan – What is directed at physicians?
The U.S. Department of Health and Human Services HHS Office of Inspector General OIG Work Plan for Fiscal Year Work Plan summarizes new and ongoing reviews and activities that OIG... Read More >
Dear Physician: Don’t get sloppy with your financial dealings with a hospital
nbsp I was reading the Whidbey Island Hospital District s Stark and Anti-Kickback civil monetary settlement with the government and it s a classic example of sloppiness. The Office of... Read More >
Does this not scream out for physician strategic planning?
nbsp A third percent of physicians plan to leave medicine within the next years, according to a report from staffing company Jackson Healthcare. The Medical Practice amp Attitude Report, based... Read More >
A few HIPAA ideas for all physician practices
nbsp . Find, track, and account for all patient protected health information this is especially important if you carry PHI on iPhones, computers, and medical equipment. . Conduct a self-audit... Read More >
How-to Manual on Emerging Physician Payment Models
nbsp The American Medical Association AMA has released a new how-to manual to help physicians evaluate, negotiate, and manage budget-based payment systems that are becoming alternatives to the predominant fee-for-service... Read More >
Get back to basics – analyze your medical practice’s net collection rate
As you probably know, collecting reimbursements is a critical component of your physician practice s revenue cycle, and in order to ensure peak financial performance, your practice will need to... Read More >
Substantiating Charitable Contributions
nbsp One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations from the local church or synagogue to the Red Cross and... Read More >
Fundamental Reasons Why Groups Need Leadership – Final Say
nbsp To Facilitate Forward Momentum Medical groups without a designated physician leader can do fine. However, most will just meander along without being at the top of their game. They... Read More >
Fundamental Reasons Why Groups Need Leadership – Part 2
nbsp To Enhance Teamwork Strong leadership allows the whole practice to function more effectively as a team. Even for practices with top-performing administrators, physicians need a peer leader to tend... Read More >
Fundamental Reasons Why Groups Need Leadership – Part 1
nbsp Here s one simple reason Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without a designated leader, but the group probably... Read More >
Ethical and economic failures of fee for service
I think most of us realize there is change afoot. While I think traditional fee-for-service billing will remain with us in to the future, there will be new reimbursement models.... Read More >
The phases of physician practice strategic planning
nbsp It is an observation that never ceases to be interesting Strategic planning plays a central role in the ongoing management and operation of the most successful medical practices. It... Read More >
New Policy on Physician Social Media Professionalism
A recent study published by the Journal of American Medical Association AMA reveals that violations of online professionalism are prevalent among physicians. In fact, of state medical boards have received... Read More >
Smaller ACOs pay $1M, larger ones $4M, to start IT
So you want to form an ACO? Get ready to put in some serious capital. The data requirements for launching an accountable care organization will cost smaller ACOs more than... Read More >
Healthcare compliance is a choice
nbsp Sometimes we need a wakeup call with regards to healthcare compliance. Remember we can choose to comply because we understand that it benefits us and others, or we can... Read More >
Is your physician office referrable?
nbsp I m getting real anal about customer service. In my opinion most physician offices do a very average job with regard to customer service. Your physician base should be... Read More >
Should administration be a part of the physician practice merger committee?
Sometimes the question is raised Should the administrators or office managers serve on the merger committee or merger team? My experience shows that it is not advisable to place them... Read More >
Review notice provision in your physician agreements
Many agreements provide that if a physician elects to leave the group they must provide certain notice to the group. This notice requirement applies in the event of retirement or... Read More >
Take a look at the valuation formulary in your physician buy-out agreement
The Critical Importance of Reviewing Valuation Formulas in Practice Agreements As you know, I ve preached for years about the importance of a periodic review of the provisions of the... Read More >
Is your physician practice prepared for a OSHA audit surprise?
nbsp Of the OSHA inspections held last month, were physician practice settings. While Region did represent of those audits, none were from the targeted states in that Region of those... Read More >
A few tax tips for physicians (and anybody else)
Consider Accelerating Income to It is often recommended that physician practices defer taxable income to the following year or postponing some deductible expenses Unless youare a C corporation . But... Read More >
Massachusetts provider settles HIPAA case for $1.5 million
Massachusetts Eye and Ear Infirmary and Massachusetts Eye and Ear Associates, Inc. collectively referred to as MEEI has agreed to pay the U.S. Department of Health and Human Services HHS... 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 >
