May 2021 Newsletter
May Edition of the Physician Advocate Spring is here and I don t know about ya ll but we sure are looking forward to backyard time with friends and family,... Read More >
Physician Merger Due Diligence
Physician Merger Due Diligence You and another or a group of physicians are considering a merger with each other. In any medical practice merger, the most important part of the... Read More >
Ten Financial Considerations to Address Upon Retirement
Ten Planning Issues to Address Upon Retirement An excellent blog post by Kevin Bress at Pessin Katz Law, kbress pklaw.com. A new retiree would be well served to pay particular... Read More >
Ransomware and HIPAA: Preventing, Mitigating and Responding
Ransomware Attacks and HIPAA A ransomware attack has taken down the largest gasoline pipeline in the USA the Colonial Pipeline carrying . million barrels per day of gasoline and other... Read More >
Financial Planning for Physicians
Financial Planning for Physicians I ve written many times about the business side of medicine that now is the time to talk to you about the personal side of medicine.... Read More >
April 2021 Newsletter
April Edition of the Physician Advocate We are heading into Spring with hope and looking forward to BBQ and spending time with family and friends. Be sure to check out... Read More >
What Physicians Should Know About Disability Income Insurance
Physician Disability Income Insurance A patient who cannot imagine becoming truly sick cannot commit to preventative measures. Unfortunately, the very same lack of imagination is all too common in the... Read More >
The Impact of Spending Habits on Your Retirement Planning
Spending Habits and Retirement Planning The traditional approach to retirement planning assumes that retirees will maintain their pre-retirement standard of living as they transition into retirement, and then sustain that... Read More >
Another Look at Physician Practice Receivables
Where are Your Physician Practice Receivables? Do you know how much outstanding accounts receivable you have in your - day, - day, - day, - day and -plus day categories?... Read More >
Physician Practice Administrator Review Criteria
Practice Administrator Performance Review Criteria In my consulting practice, I am sometimes asked to assist in developing performance criteria for use in evaluating the position of clinic office Administrator Manager.... Read More >
9 Phone Etiquette Tips for Medical Practice Patient Satisfaction
Phone Etiquette for Medical Practice Patient Satisfaction The gateway to your medical office isn t the front door. It s your voice on the phone, because most people initially dial... Read More >
Be Aware of These HIPAA Enforcement Issues
HIPAA Enforcement The following are key ten enforcement issues that the OCR continues to encounter through its enforcement of HIPAA. You need to be aware of these. Impermissible Disclosures HIPAA... Read More >
Vendor HIPAA Breach: Should You Terminate The relationship?
Vendor HIPAA Breach Periodically we are asked questions about Business Associates and how to handle a vendor HIPAA breach. Recently, we were asked the following question Under HIPAA concerning Business... Read More >
HIPAA Compliance – Let’s Revisit
Revisiting HIPAA Compliance In the two decades since its original passage, HIPAA compliance Health Insurance Portability and Accountability Act HIPAA hasn t gotten any easier. Enacted with the primary goal... Read More >
March 25th Newsletter
March th Edition of the Physician Advocate The past few weeks have been difficult for all of Texas. We are with our clients, family and friends in wishing full recovery... Read More >
Think your Physician Practice Uncollectibles are Useless?
Physician Practice Uncollectibles Think your physician practice uncollectibles are only good to look at on an aging report? Well maybe not. Instead of just considering them to be dead accounts,... Read More >
Personal Disaster Loss Deduction
Personal Disaster Loss Deduction We seem to be living in an age of natural disasters. Floods, fires, hurricanes, tornados, and other disasters often dominate the news. If a personal disaster... Read More >
Focus Areas to Ensure Medical Practice Success in the New Year
Focus Areas to Ensure Medical Practice Success At this time each year, people become zeroed in or have left behind their resolutions and goals for the new year ahead. This... Read More >
Tracking Medical Practice KPIs
Medical Practice KPIs If you re like most providers and practice managers, you re already busy enough keeping up with the day-to-day operations. But monitoring your practice s financial performance... Read More >
Physician Marketing Ideas For Your Practice
Successful Physician Marketing Four ways to improve your bottom line Practice providers and office managers may think marketing requires a lot of money due to the cost of implementing newspaper... Read More >
February Newsletter #2
Second February Edition of the Physician Advocate The past few weeks have been difficult for all of Texas. We are with our clients, family and friends in wishing full recovery... Read More >
Managed Care Oversight
Managed Care Oversight You have payer relationships so I ask How is your current managed care oversight? While your medical practice may be compliant with billing regulations and coding, this... Read More >
Billing for Services when Medicare is a Secondary Payer
Medicare Secondary Payer Background Medicare law and regulations require all entities that bill Medicare for services or items given to Medicare beneficiaries to decide whether Medicare is the primary payer... Read More >
OSHA Overview Medical Practices
OSHA Overview Remember OSHA? Seems like we ve forgotten about it. However, like HIPAA, your medical practice has to be in compliance Are you? Here is a brief overview of... Read More >
Accounts Payable and Internal Controls
Accounts Payable and Internal Controls The vital role that internal controls play within any well managed medical practice is widely recognized. Knowledgeable practice managers are well aware that poor controls... Read More >
Individual 401(k) Plans: An Overview for Solo Physicians
Individual k Simply put, an Individual or Solo k is a retirement account designed for the self-employed, or business owners with no full-time employees, like a solo physician practice. An... Read More >
SEP IRA vs Solo 401(k)
SEP IRA vs Solo k Which Should You Choose? How do you multiply your net worth? Let the government help. Here s how With both the SEP IRA and the... Read More >
Due Diligence in the Physician Merger Process
Physician Merger Due Diligence You and another or a group of physicians are considering a merger with each other. In any medical practice merger, the most important part of the... Read More >
Medicare Wellness Visits-An Often Missed Revenue Opportunity
Medicare Wellness Visits Medicare covers wellness visits, and your patients pay nothing if you accept assignment. The Part B deductible doesn t apply. You should recommend the Initial Preventive Physical... Read More >
February Newsletter #1
February Edition of the Physician Advocate In our February newsletter we cover Fraud and the Sleeping Watchdog, the Individual Tax Provisions of the New Appropriations Act, and Five Tips to... Read More >
Subscribe to my blog
Categories
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 >
