Beginning with Forms W- issued for , the Affordable Care Act requires employers to report the aggregate cost of employer-sponsored health care coverage on an employee s Form W- .... Read More >
Better performing medical practices use the following techniques to increase profitability strategic and profit planning cost management evaluation of capital structure and investments evaluation of tax policy and management internal... Read More >
nbsp Every medical practice should be looking at how well they are delivering good customer patient service on a daily basis. Progressive practices conduct periodic customer service training programs for... Read More >
Planning can ensure that your family and medical practice or any other healthcare entity business are protected. The long term survival of any business like a medical practice and the... Read More >
Having problems accessing the PECOS system? Be sure to follow these steps Enroll security officials in IACS required to access PECOS IACS authorized individual for provider accesses PECOS Register Group... Read More >
According to a recently released report from Centers for Medicare amp Medicaid Services CMS , providers won . percent of appealed claims during the three-year Recovery Audit Contractors RAC demonstration... Read More >
nbsp Government is holding a workshop today on Accountable Care Organizations. You can hear it live at http web.stream .com clients intercall cms Here is the agenda - Opening Comments... Read More >
Coding Table For Family Practitioners The following worksheet shows a coding comparative for a family practice. All three family practitioners perform the same type of services. Now take a close... Read More >
nbsp Ninety days and counting until the Tax Act sunsets. Expect tax rates across the board to increase on January st unless new tax rules are enacted. Congress recently warned... Read More >
Provide Adequate Educational Seminar Opportunities nbsp Make sure all employees are kept up to date in their practice area. This is especially true for the office s CPT coder s... Read More >
nbsp Step number one Treat them well. Now that the practice has filled the position, it must make sure to keep the hired employee for long time. However, as we... Read More >
The IRS has issued proposed regulations that would discontinue the use of paper federal deposit coupons IRS Form , beginning on December , . The existing rules for depositing federal... Read More >
nbsp Have an employee print the encounter forms in advance and contact the patient concerning their past due balances and the expectation of payment at check-in. When the patient checks... Read More >
nbsp With what seems like a continuous decline in physician reimbursement, it is imperative that all practices collect every dollar they are entitled to. However we all know this is... Read More >
nbsp 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. In most cases we... Read More >
nbsp Work requirements and scheduling may occasionally require the need for overtime. Employees are expected to work overtime when it is requested. Every effort will be made to notify employees... Read More >
INDIVIDUAL MANDATE Starting in , individuals must maintain minimum essential coverage or pay a penalty. The penalty will equal the greater of percent of modified adjusted gross income AGI or... Read More >
The IRS released a draft of new Form Credit for Small Employer Health Insurance Premiums for eligible small businesses and tax-exempt organizations to calculate a credit for health insurance purchased... Read More >
The Health Care Reform Law contains significant tax-related provisions. These include incentives and disincentives for individuals and businesses that phase in over a period of years. Jeff and Mark highlight... Read More >
nbsp The following are a few external marketing strategies to consider as you attempt to grow your physician practice. Remember that growing your top line should be a top priority... Read More >
nbsp The incomes of many medical practices will be impacted as the healthcare industry continues to go through its own changes and new payment patterns begin to evolve the result... Read More >
nbsp Law school may cost a pretty penny, but anyone interested in the legal side of health care reform can get such a deal from the University of Iowa College... Read More >
nbsp How does a practice really know for sure it is receiving the correct reimbursement from its managed care payors? According to an informal polling of practitioners at a recent... Read More >
nbsp . Studies show rewards such as recognition and feedback are as important as pay, benefits, and status. . Recognition ideas may include gift cards, a team lunch, and a... Read More >
nbsp Physician practices are often deceived by a billing practice that creates payment discounts for payors who are not entitled to them. Under these arrangements, indemnity i.e. commercial insurance payors... Read More >
nbsp In order to compete in a market that is moving toward managed care, doctors must be able to show that they are more effective clinically than their peers. In... Read More >
Monitor and analyze the gross collection percentage dividing the practice s collections by its gross production on a monthly and year-to- date basis. The gross collection percentage is one of... Read More >
nbsp Many physicians manage their practices from the gut and look at a paucity of numbers to evaluate the progress or lack of progress of their practices. Now there are... Read More >
One way to reduce double taxation on a corporate liquidation following an asset sale was highlighted in William Norwalk TC Memo - , where the Tax Court held that goodwill... Read More >
nbsp Problem Solution Waiting on Operative Notes Generally not necessary to attach operative notes to a claim form for most payors Exception Using the - modifier or billing an unlisted... 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 >
