Health insurance on W-2
I ve had several clients recently ask if their health insurance paid by their employer i.e. the medical practice will be taxable next year. In other words, will the value... Read More >
2011 Proposed Medicare Fee Schedule Clarifies Stark Imaging Disclosure Requirements
In case you missed it, the Centers For Medicare and Medicaid Services CMS has published the CY Proposed Medicare Physician Fee Schedule for public inspection. The Proposed Fee Schedule includes... Read More >
CMS to review PECOS enrollment process
nbsp I know you ve read or heard this by now, but the Centers for Medicare amp Medicaid Services CMS is working with providers to address concerns about enrollment in... Read More >
Medicare providing help for billing and coding professionals
nbsp It is important that billing and coding professionals who work with Fee-for-Service FFS providers have the timely and accurate information they need to properly bill the Medicare program. CMS... Read More >
Should a Physician Practice Use Cash Basis or Accrual Basis of Accounting?
Cash basis or accrual accounting? Learn which method suits your medical practice best for accurate financial tracking, improved cash flow, and long-term success. Read More >
Accountable Care Organizations and Antitrust Concerns
Federal Trade Commission Chairman Jon Leibowitz recently gave a speech before the American Medical Association to address the FTC s position on the formation of accountable care organizations. As long... Read More >
Law firm sets up healthcare reform center
Duane Morris Health Law Practice Group announced that an analysis and business treatment of the Patient Protection and Affordable Care Act of , otherwise known as the healthcare reform legislation,... Read More >
Reminder about looming PECOS deadline for Medicare providers
Another reminder the PECOS ordering referring physician deadline is right around the corner. You or your physicians must be listed in the database by July . Here is the link... Read More >
Don’t be stupid?
I was catching up on some reading and ran across the following Letter to the Editor of the publication I was reading With reference to your article on accountable care... Read More >
Tax Timeline in the Health Care Reform Act
nbsp Tax Timeline in the Health Care Reform Act IRC Section Provisions Effective Date Adoption credit increased to , from , in , extended through and made refundable. after and... Read More >
Proposed Revisions to Horizontal Merger Guidelines
In case you missed it, on April , , the U.S. Department of Justice and the Federal Trade Commission issued proposed revised Horizontal Merger Guidelines intended to inform companies and... Read More >
The Importance of a Recall System for Medical Practices
nbsp Medical practices can run a serious risk if its patients are not recalled for follow-up as required by medical protocols and just as important, also lose revenues. Practices can... Read More >
NSCHBC releases physician benchmarking survey
nbsp Each year the National Society of Certified Healthcare Business Consultants surveys its members and compiles a Statistics Report on Medical and Dental Income and Expense Averages. The report is... Read More >
PPACA – New 60-Day Time Limits for Reporting and Returning Overpayments
Reporting and returning overpayments is now an obligation of providers and suppliers. As part of the enhanced program safeguarding provisions in the new Patient Protection and Affordable Care Act PPACA... Read More >
Don’t forget new Medicare PECOS rule begins July 6th
nbsp Beginning July th, your practice could experience Medicare claim rejection if your practice provider information isn t up-to-date in CMS s Provider Enrollment Chain Ownership System PECOS . You... Read More >
Supreme Court Agrees to Review Decision That Upheld Medical Resident FICA Rules
nbsp The U.S. Supreme Court on June agreed to review a federal appeals court decision that upheld Internal Revenue Service regulations that state that the stipends paid to medical residents... Read More >
Better performing physician practices
nbsp One reason revenue is greater at the better-performing groups is physician productivity. Group success is credited to the quality care and strong work ethic of their physicians highly qualified,... Read More >
New FAQs on ICD-10 Implementation
nbsp CMS has posted new FAQs about the ICD- implementation on its Web site. To access these FAQs, please visit the CMS ICD- Web page at http www.cms.gov ICD ,... Read More >
Idaho orthopedic physicians are charged with antitrust group boycott
The Department of Justice has reached a settlement with the Idaho Orthopaedic Society, an orthopedic practice group and five orthopedists that will prohibit them from conspiring with competing physicians in... Read More >
Is your Business Associate Agreement compliant with HITECH?
nbsp Under HITECH, a business associate has the same responsibilities for breaches as the healthcare entity does, but it is the healthcare organization s responsibility to have an updated, signed... Read More >
Match Your Physician Practice Goals to the Right EHR
nbsp The Agency for Healthcare Research amp Quality AHRQ recommends formulating personal goals before embarking on a product search, then dividing your goals into the following four categories Functionality features... Read More >
ABCs of building a financially healthy medical practice
nbsp As changes continue to occur in the healthcare industry, physicians are taking a hard look at the numbers of a medical practice and gauging whether the year at hand... Read More >
Asset protection strategies for you & your medical practice
There are a number of relatively simple strategies an organization can use to provide significant protection for its assets. Separate Entities. Consider creating a separate entity possibly a limited liability... Read More >
Review Your Physician Practice Personnel Manual From A Legal Standpoint
nbsp While not intended as a legal document, your personnel manual may have the force of an employment contract. Review it to be sure it won t cause unintended problems.... Read More >
IRS employment updates that may impact physician practices
HIRE Act Payroll Tax Exemption Following changes by the HIRE Act signed by President Obama on , employers hiring unemployed workers after and before may qualify for a . payroll... Read More >
Factors of Fair Market Value: A Few Keys
nbsp One of the most problematic areas of medical practice valuation is establishing a clear understanding of the factors a valuator must assess in order to arrive at an appropriate... Read More >
E-prescribing: A Free Tool to Get You Started
nbsp If you haven t yet used electronic prescribing, there s no reason to wait. E-prescribing software is available free through the National ePrescribing Patient Safety Initiative NEPSI, at http... Read More >
What is your practice worth?
nbsp How much is your practice worth? Often, it depends on who wants to know and why. Valuation professionals follow different methodologies tacks depending on whether a practice will be... Read More >
Small Businesses Tax Credits Begin in 2010
nbsp Under the new healthcare reform law, companies this includes medical practices with fewer than employees and average annual wages of less than , will be eligible for a credit... Read More >
De-escalating an Irate Patient
nbsp . The first order of business is to get a screaming patient away from other patients who are within ear shot.. An irate patient wants everyone to hear his... 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 >
