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 โ 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 โ 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 >
Improving front desk collections – again
nbsp I get so frustrated when I see collection failures at the front desk. If you think it is not that big of a deal your co-pays don t get... Read More >
HIPAA and reporting theft by a patient
nbsp A patient steals the wallet of a health care worker while at the hospital. The credit cards are used before they can be canceled. The health care worker views... Read More >
Estate Claim Alternatives?
There will come a time when you will receive patient statements returned from the patient s family, indicating our patient is deceased. You should verify with the local probate office... Read More >
What is the purpose of a deposition?
The deposition is not a time for you to present your malpractice case. Rather, it is a chance for opposing attorneys to ask you whatever they wish to know, to... Read More >
Attract (and keep) quality staff with flexible hours
It s all well and good to recognize that many patients lifestyles have shifted away from the traditional -to- , Monday-to-Friday work week. But consider, too, how your own staffing... Read More >
Looking for physician candidates in all the right places
To find a physician who fits well with your practice, you must know where to look. There are many effective methods of doing so, such as advertising, searching residency programs,... Read More >
Medicare Claims Crossover to Supplemental Payer Problem
nbsp The Centers for Medicare amp Medicaid Services CMS has identified a problem where claims were not automatically crossing over to supplemental payers even though the provider remittance advice indicated... Read More >
Retention of medical records
Is there a HIPAA standard for the retention of medical records and billing information? The HIPAA privacy rule does not provide specific requirements for the retention of medical or billing... Read More >
Patient emails
Email is becoming a frequent way to communicate with patients. However, you must concern yourself with HIPAA s privacy issues. Your office policy should state that patients must first give... Read More >
Payment to Physician or Other Supplier for Diagnostic Tests Subject to the Anti-Markup Payment Limitation
nbsp The Centers for Medicare amp Medicaid Services CMS is revising the section of the Medicare Claims Processing Manual to implement changes to CFR section . that were made in... Read More >
A thought on internal controls
nbsp Even with separation of duties, I find the lack of proper business oversight of internal practice controls astounding. In any position held with personal financial responsibility, you shouldn t... Read More >
Billing systems reports should collect more than dust
The clearest, most comprehensive final reports do little good tucked away in a filing cabinet. That s why billing and collection experts suggest regularly giving your receptionist an incoming call... 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 >
