Survey your physicians and allied healthcare providers to learn more about their perceptions of the practice. Like the one for staff, the physician survey allows physicians to think about and... Read More >
To stay on top of collections and to improve your cash flow, send out statements on a regular basis, such as weekly or biweekly. Never hold the statements for more... Read More >
nbsp Below is a summary of some of the key tax provisions that may apply to your tax return. Prepared by my friends at Briggs Veselka, a CPA firm located... Read More >
Sometimes bad habits are fairly innocuous. However in the workplace, they can ruin a career and disrupt internal business. The January issue of the Journal of Accountancy www.journalofaccountancy.com listed work... Read More >
nbsp How many physician employment contracts contemplate reduced duties prior to retirement? Believe it or not, not as many you might think. The key is that exercising the slow down... Read More >
nbsp When it comes to estate planning, I have found that many wealthy families don t worry whether there will be enough money for the kids but whether the kids... Read More >
nbsp This year will be a pivotal one for retirement planning, as it will be the first year in which taxpayers will be able to convert funds in regular IRAs... Read More >
nbsp The term small providers originates in the Administrative Simplification Compliance Act ASCA , the law which requires those providers submitters who bill Medicare to submit only electronic claims to... Read More >
I recently finished reading Don Lowman s book Closing the Engagement Gap, which is based on a study of , employees around the globe. Great companies i.e your medical practice... Read More >
The Senate and the House have approved H.R. , a bill to accelerate the income tax benefits for charitable cash contributions for the relief of victims of the earthquake in... Read More >
nbsp Back in , President Bush introduced Health Savings Accounts HSA . Only individuals or families covered under a high-deductible health insurance plan during the year are eligible to contribute... Read More >
To make changes in your physician medical practice or any business for that matter you need an action plan. Creating an action plan doesn t need to be a long... Read More >
Exploring Under Arrangements Services and Stark Law Hospital-Physician Dynamics Let s start off the week with intense subject under arrangements. Under arrangements services are inpatient and outpatient hospital services billed... Read More >
Here are a few suggestions for a simple strategic planning meeting one usually without an outside facilitator even though I don t recommend this . This format works especially well... Read More >
An employee with an employer-provided cell phone receives a nontaxable working condition fringe benefit to the extent he or she uses the phone for business purposes, and the cell phone... Read More >
Faced with economic uncertainty and financial woes, doctors in private practice are increasingly turning to hospitals for employment. I m hearing more and more of this activity in the past... Read More >
With the rollout of the Recovery Audit Contractor RAC audit program in full swing, physicians should be paying close attention to their medical record documentation efforts. One of the Medicare... Read More >
nbsp IRS Commissioner Doug Shulman offered taxpayers the following recommendations when selecting a tax return preparer avoid preparers who claim they can obtain larger refunds than others or who base... Read More >
nbsp Course listings Click here for details on each course or call - , ext. , for more information Employee Training Courses Basic OSHA Training Dental OSHA Training Ergonomics Fire... Read More >
nbsp Any compliance plan in a physician s office has three objectives Prevent, Detect, and Correct. Critical to any plan are staff requirements for reporting any coding or billing compliance... Read More >
nbsp Do any of you have a strategic five ten year plan? You should hold physician retreats annually and plan into the future even if you are solo practitioner. The... Read More >
nbsp What advice would I give for ways to reduce payment denials? Start simply but right away by implementing a simple system such as the following Flag all denied charges,... Read More >
Physician Mergers Opportunities, dealing with present marketplace conditions or looking to the future has prompted many physicians to explore merging their practices with other physicians or even sell out to... Read More >
Looking for a system for phone call reminders to your physician office patients? If so, you might want to check out Inphonite s ReminderPro which is a hardware software package... Read More >
The IRS reminded car shoppers that they have until to take advantage of a tax break that may not be around in . Individuals who buy a qualifying new vehicle... Read More >
nbsp Many practices look at the cost of rent as a fixed expense, when in fact in relationship to income rent could in fact be a variable expense when compared... Read More >
Your work isn t done after signing a contract with a business associate BA . You need to do more than simply assume that your BA is following through on... Read More >
According to a recent Transmittal from the Centers for Medicare and Medicaid Services, physicians and others are using modifier -PC to designate the professional component of diagnostic tests. However, the... Read More >
nbsp Small physician practices and even some large ones every now and then extend loans to an employee, including a physician owner-employee. So in these instances, how do you book... Read More >
nbsp As year-end draws closer, the IRS notes that for donations of money which includes cash, check, Electronic Funds Transfer EFT , credit card, or payroll deduction , regardless of... Read More >
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