Developing a Merger Team for a Physician Practice Merger
Well, the first date turned out to be a good one and everyone wants to move forward. The physicians have decided to form a merger committee, participants from the respective... Read More >
Regularly Evaluate Your New Doctor Associate
nbsp Any expectations you have for a new Associate only works if you follow through with frequent evaluations. However, I am often struck by how little attention senior doctors give... Read More >
The 2011 release of ICD-10-CM is now available.
The release of ICD- -CM is now available. It replaces the December release. The National Center for Health Statistics NCHS , the Federal agency responsible for use of the International... Read More >
June false claim settlements by the OIG
- - After it self-disclosed conduct to the OIG, University of Nevada School of Medicine UNSOM , Nevada, agreed to pay , . for allegedly violating the Civil Monetary Penalties... Read More >
Avoid Turning Mistakes into the Customer’s Problem
Correction of Mistakes is Key Correct your group s mistakes immediately and overwhelmingly in your customer s favor. The customer may be the patient, local hospital, a referrer or someone... Read More >
Top 10 challenges facing medical practices today
In the recent issue of the MGMA magazine Connexion www.mgma.com , the following are the top ten challenges facing medical practices today per a survey of the MGMA membership Preparing... Read More >
New FAQ on Payment for the Medicare EHR Incentive Program
The following question was recently submitted to CMS regarding the EHR Incentive Program I am an eligible professional EP who has successfully attested for the Medicare EHR Incentive Program, so... Read More >
Are You Billing Established Patient Visits Correctly
nbsp TrailBlazer the MAC for Colorado, New Mexico, Oklahoma, Texas, and Virginia recently identified potential improper utilization of established office visit services codes billed to Medicare. According to TrailBlazer, two... Read More >
Hospital embezzlement scheme could happen in a physician’s office
nbsp On Thursday, June , Roosevelt Hairston, Jr, a former lawyer for the Children s Hospital of Philadelphia, was arrested and charged for embezzling . million over the course of... Read More >
Product spotlight – freemedicalbilling.net
nbsp Ran across this software from a colleague referral. Check it out at http www.freemedicalbilling.net Software Fee Free Setup Fee Monthly Maintenance . Provider Scheduler . Practice Patient Statements cents... Read More >
Physician excluded from Medicare for tax evasion
From the CCH Medicare and Medicaid Reimbursement Newsletter A physician was properly excluded from enrollment as a Medicare supplier based on his felony conviction for a financial crime. On February... Read More >
HIPAA privacy rule enforcement highlights
nbsp The HIPAA Privacy Rule is a set of federal standards to protect the privacy of patients medical records and other health information maintained by covered entities health plans, which... Read More >
Medicare Provider-Supplier Enrollment Fact Sheets Revised
nbsp The fact sheets below provide education to specific provider types on how to enroll in the Medicare Program and maintain their enrollment information using internet-based PECOS Provider Enrollment, Chain,... Read More >
New “Annual Wellness Visit” Brochure
The new publication titled Annual Wellness Visit is now available in downloadable format from the Medicare Learning Network at http www.CMS.gov MLNProducts downloads Annual Wellness Visit.pdf. This brochure is designed... Read More >
Standard Mileage Rates Increased for Rest of 2011
nbsp To reflect the recent increase in gas prices, the IRS raised the standard mileage rates for the last six months of the year. The rate will increase to .... Read More >
Physician alignment and ACOs
nbsp From www.fiercehealthcare.com As healthcare organizations and providers consider making the leap to an accountable care organization ACO , a new survey finds that the biggest obstacle to forming one... Read More >
New MGMA physician compensation survey highlights released
nbsp The Medical Group Management Association MGMA recently released the result highlights of the largest physician compensation survey in the United States. The survey is based on data from ,... Read More >
New ACO initiatives announced
nbsp On May , , CMS announced three new initiatives relating to ACOs that attempt to alleviate some of these problems. Pioneer ACO Model First, CMS announced that a new... Read More >
Physician practice management – Managing by the Numbers
nbsp One of my prior articles cautioned readers on the use of overhead rates as a financial indicator of practice performance. I called it screwing with the overhead since overhead... Read More >
Managing behavior vs performance
nbsp Think about how you manage employee group is it easier for you to address performance issues than it is to address behavior issues? Here are some typical examples of... Read More >
Workforce in place as an asset of a physician’s medical practice
nbsp There is a great debate going on right now in the valuation community concerning the valuation of workforce in place as an asset of a physician medical practice. There... Read More >
OIG offers online videos on healthcare compliance
The U.S. Department of Health and Human Services HHS Office of Inspector General s OIG s Healthcare Fraud Prevention and Enforcement Action Team has hosted a series of compliance trainings... Read More >
Don’t Just Sit There Doctor – Start Merging
nbsp There is a myriad of strategic options for physicians who want to increase their capability to address and control what is occurring in today s healthcare market. One scared... Read More >
Employee candidate background and credit check service
PreCheck Inc. is an investigation firm that provides comprehensive credentialing and background verification services exclusively for the healthcare industry. Many of my clients use it: http://www.precheck.com/ Read More >
Hospital acquisition & physician malpractice tail issue
nbsp When a new doctor or a group of doctors are considering selling out to a hospital will the practice be forced by the hospital to purchase an expensive tail... Read More >
Understanding the Billing Staff-to-Provider Ratio in Medical Practices
nbsp What is the right billing staff to provider ratio in a physician practice? Determining the ideal billing staff-to-provider ratio in medical practices can be complex due to the varying... Read More >
Taxation of State Payments for Health Care Professionals
nbsp State A has several programs to entice health care professionals to perform services in rural, low-income, and other underserved areas of the State. Participants need not have outstanding student... Read More >
ACO application requirements
nbsp The Center for Medicare amp Medicaid Services CMS has proposed regulations detailing several application requirements for those entities wishing to participate in shared savings programs. They would require an... Read More >
A best practice for EHR implementation
One key to a successful EHR implementation is defining and documenting workflows. Workflow refers to the intereaction of processes and tasks through which healthcare is delivered. So when implementing a... Read More >
Increasing Profitability by Reviewing Medical Practice Reports – Part II
Increase Profitability by Reviewing Medical Practice Reports – Part II Read More >
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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 >
