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 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 >
Key Physician Practice Pre-Merger Decisions During the merger process, the physicians as a group will need to make numerous key pre-merger decisions about certain aspects and elements of the new... Read More >
Home Office Deduction If you have an office outside your personal home say, downtown can you have a tax-deductible office inside your home for the same trade or business that... Read More >
How To Collect Deductible From Patient It s that time of year again patients will make an appointment with you and they will now have a copayment and a deductible... Read More >
Medical Practice Overhead or Improve the Top Line? I recently saw the recent blurb in a physician email newsletter Diagnostic clinic short on docs Once a vibrant and expanding practice... Read More >
HIPAA Compliance The Office for Civil Rights OCR at the U.S. Department of Health and Human Services HHS has released its - HIPAA Audits Industry Report that reviewed selected health... Read More >
Meals amp Entertainment Remember the Tax Cuts and Jobs Act TCJA largely eliminated the deduction for entertainment expenses paid or incurred after , but left intact certain exceptions. The IRS... Read More >
December Edition of the Physician Advocate In our December newsletter we cover establishing staff accountability, the MIPS reporting, and patient overpayments and escheat laws. Read the December Newsletter below or... Read More >
Medical Practice Valuation What is a medical practice worth? IT DEPENDS And once you understand this sole fact, you can then begin to concentrate on how to get to the... Read More >
Tax Strategies for Your Stock Portfolio When you take advantage of the tax code s offset game, your stock market portfolio can represent a little gold mine of opportunities to... Read More >
Physician Practice Employee Success and Your Leadership When it comes to leadership, one can only expect to get back from their employees what they choose to invest in them. Leaders... Read More >
Year-End Medical Plan Strategies For Physician Practices All physician practice owners with one to employees should have a medical plan in their business. Sure, the tax law does not require... Read More >
November Edition of the Physician Advocate In our November newsletter we cover working the A R, the dangers of cloned notes, and best practices over best efforts. Read the November... Read More >
PPP Funded Expenses The IRS confirmed our fears and clarified that if expenses are funded with a PPP loan that hasn t yet been forgiven, that doesn t mean they... Read More >
Home Office With the COVID- pandemic still going on, you as a physician or practice manager may be spending more time working from your home office. You may have taken... Read More >
Medical Practice Embezzlement Thirty fifty years of age, married with a stable family situation, above average education, professional or managerial staff level who does this describe? According to recent research,... Read More >
Medical Practice Assessment Recently a medical practice administrator posted a question on the use and effectiveness of hiring an outside consultant to perform a medical practice assessment. Some responses actually... Read More >
Simplified PPP Loan Forgiveness The Small Business Administration SBA updated the Paycheck Protection Program PPP FAQs and issued a new interim final rule in conjunction with the issuance of a... Read More >
Physician Practice Process Improvement Similar to the mid to late s, medical practice management today has begun to be dominated by mergers, affiliations, and other external strategic initiatives aimed, ideally,... Read More >
October Edition of the Physician Advocate In our October newsletter we cover solid commandments for A R management, and analyzing overhead, as well as a note from me, to you,... Read More >
Four Estate Planning Documents that a Physician Needs Katherine Dorval, an attorney at Bowditch amp Dewey gives a great reminder that many people especially physicians in my opinion , think... Read More >
Medicare amp Medicaid Telehealth Services The Centers for Medicare amp Medicaid Services CMS expanded the list of telehealth services that Medicare Fee-For-Service will pay for during the coronavirus disease COVID-... Read More >
Physician Disability Claim Physicians can and do become disabled. It s why all providers, physicians or not, should acquire and maintain long term disability coverage. According to insurance professionals I... Read More >
Home Office Tax Deduction The Internal Revenue Service recently stated that it wants individuals to consider taking the home office tax deduction if they qualify. The benefit may allow taxpayers... Read More >
September Edition of the Physician Advocate In this newsletter edition we look at the importance of front desk collections, strategic planning and how to start analyzing physician compensation. Read the... Read More >
Medicare s Quality Payment Program The Centers for Medicare amp Medicaid Services CMS has updated the Quality Payment Program website to include Alternative Payment Model APM Incentive Payment details. To... Read More >
Managed Care Contracting Here is a recent email exchange between practice administrators regarding managed care First administrator I was in the dumps already since Aetna and BC BS of Texas... Read More >
Medical Practice Accounts Payable 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... Read More >
The status of your retirement savings People, especially my physician clients, put off a retirement savings plan for a number of reasons. For many, retirement appears far enough away to... Read More >
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