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 >
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 >
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 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 >
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 >
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 >
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 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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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