Handling Unhappy Patients
nbsp Stay calm They might be angry, but they are angry at what s happened to them, not at you. Your frame of mind and demeanor can greatly influence the... Read More >
Steps in the Strategic Planning Process
nbsp As listed below, there are logical, distinct steps in the strategic planning process. As you know, I am a vocal advocate that all physician practices, no matter how small,... Read More >
Patient Protection and Affordable Care Act – Part I
Following is a list of the highlights of the tax provisions and the employer responsibilities provisions included in the healthcare reform legislation. Soon no fewer than three federal agencies, the... Read More >
Protect Your Practice and Yourself with Overhead Disability Insurance Coverage
As a physician, you must also protect the source of your income the practice you ve worked so hard to establish and grow. Special policies, available from the same disability... Read More >
If you use tax preparation software, use it correctly
I know of many people who use tax preparation software, such as TurboTax, to prepare their own tax returns without the help of a tax professional . Mistakes do get... Read More >
Sharing a patient’s PHI
nbsp A staff member recognizes an acquaintance, realizes the acquaintance is a patient, and shares this information with someone else. Has the staff member violated HIPAA? The answer is yes... Read More >
Looking for a little light reading this weekend?
I’ve got nothing to do, so let’s read the healthcare reform bill. Enjoy. http://www.mediregs.com/files/1007-1/FINAL-PPACA-VOL1.pdf http://www.mediregs.com/files/1007-1/FINAL-PPACA-VOL2.pdf Read More >
NEW in office ancillary alternate supplier notification rule
Section of the health reform act adds an additional sentence to the in-office ancillary services exception contained in the Stark Law. This new provision requires that a physician referring a... Read More >
Vehicle Expense Substantiation – How is Yours?
One of the issues in a recent Tax Court memo decision involved leased vehicle deductions on personally owned vehicles used by a dentist and his wife but claimed on the... Read More >
Stark in-office ancillary services now require patient notification
Among its many provisions, the newly signed Patient Protection and Affordable Care Act has imposed a new requirement on physicians who rely on the Stark In-Office Ancillary Services exception. Physicians... Read More >
Patient safety: Medical error disclosure
Although debate continues on the most effective methods of promoting medical error disclosure, there is a general consensus that disclosure of medical errors can help promote patient safety and reduce... Read More >
Compensation concepts
Your group s compensation formula may be its most jealously guarded sacred cow. Whether sensible or not, it continues in place as long as members don t object. And your... Read More >
Do you have continued personnel “issues” in your medical practice?
nbsp Have you ever had any staffing or personnel problems in your medical practice? If you re like most, the answer is a resounding yes. Who hasn t had to... Read More >
Additional management reports you should be looking at
nbsp Denial Management Reports Reported in two parts, one for adjusted line items by adjustment reason by amount, the second by rejection reason really, these are zero payments that have... Read More >
Is LLC Better than a Corporation for Asset Protection Purposes
This question always comes up when discussing and designing an asset protection program for a physician who has significant non-exempt assets that can be attached by current or potential creditors.... Read More >
Can’t pay your taxes by April 15th?
April th is this week and there will be those of you who owe income tax but can t pay the full amount by the deadline. One option is to... Read More >
Product watch – EchoApps
nbsp EchoApps is an Internet-based system that facilitates, optimizes and simplifies the time-consuming credentialing application process without the burden of learning new technologies or installing software. Maintaining confidentiality with state-of-the-art... Read More >
Six Overlooked Payment Opportunities
Are you inadvertently missing out on some revenue? Many primary care physicians are probably providing but not billing for the following six services Tobacco cessation counseling Home health or hospice... Read More >
Last-Minute Tax Filing Tips
As the April th deadline approaches, the IRS offers a few tips and suggestions, with links to additional information, for taxpayers who have not yet filed their returns including reminders... Read More >
Hospital settles Stark case
nbsp Reprinted from REPORT ON MEDICARE COMPLIANCE, the nation s leading source of news and strategic information on false claims, overpayments, compliance programs, billing errors and other Medicare compliance issues.... Read More >
Will physician practices be required to implement a compliance plan under new healthcare reform?
nbsp The section in question amends U.S.C. cc j to include a requirement that all providers and suppliers establish a compliance program. The definition of supplier in U.S.C. x d... Read More >
Fit the physician leader into your structure
Years ago, many small and medium-sized physician groups struggled as they grew to determine if and when they needed a managing doctor, medical director, or physician-leader position. Today, the question... Read More >
Supreme Court Denies Certiorari to Doctors Challenging Denial of Business Deductions
The Supreme Court on March denied certiorari to a group of doctors challenging the denial of business expense deductions for life insurance premium payments and to a couple challenging the... Read More >
Health Care Reform – The Tax Side
On , the House passed the Patient Protection and Affordable Care Act, which was passed by the Senate on , and a separate package of modifications the Reconciliation Act ,... Read More >
AMA Launches New Tool to Help Physicians Correct Unfair Managed Care Contracts Nationwide
nbsp Physicians seeking a reasonable alternative to the one-sided contracts offered by some managed care organizations can now rely on a new AMA online resource. The American Medical Association AMA... Read More >
Ensure payment for noncovered services
With reimbursement levels shrinking, you may begin looking toward elective procedures for added income. But how can you be sure you ll get paid for these noncovered services? The best... Read More >
Charitable Contribution Denied – Medical Equipment
The Tax Court has recently ruled that taxpayers were not entitled to charitable deductions on contributions of diagnostic and laboratory equipment since the documents submitted with their tax returns provided... Read More >
Incentive pitfalls in the physician hospital employment agreements
More and more physicians are seeking hospital employment. Health care reform and widely anticipated federal Medicare reimbursement cuts are fueling another round of physician employment fever in hospitals. Some observers... Read More >
Questions and Answers on Reporting Physician Consultation Services Released
CMS has released an Q amp A article on its Medicare Learning Network regarding billing for physician consultative services. The article is for physicians and non-physician practitioners NPPs who perform... Read More >
Strengthen the collection process
If your practice is typical, third party reimbursement for physician services comprises the mains source of revenue. Therefore, work to manage the complexities of your overall reimbursement by establishing defined... 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 >
