IRS Reminds Car Shoppers about Tax Break
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 >
Reduce Overhead by Expanding Your Schedule
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 >
HPAA – Provide ongoing contract maintenance with your BA
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 >
Use the Correct Modifier When Billing for Diagnostic Tests
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 >
Medical practice corporate loans to employees – How to book interest at year end
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 >
Year-end Charitable Donations – 2009
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 >
Non-Spouse IRA Rollover after death
nbsp Traditional IRAs have always allowed non-spouse beneficiaries to rollover IRAs as a DESIGNATED BENEFICIARY ACCOUNT DBA . Each of your three beneficiaries have until December of the year following... Read More >
Do Patients Have to Renew HIPAA Acknowledgements Every Year?
Understand HIPPA Requirements Private healthcare practices are required to comply with the Health Insurance Portability and Accountability Act HIPAA to protect patient information. However, questions often arise regarding how often... Read More >
Bad debt write offs – an example of digging deeper
nbsp If you are a Practice Administrator, one of your duties is to require a report of every account that is requested to be written off and review each one... Read More >
Overwhelming nurse phone call volume
nbsp Many physician offices have hard time dealing with the continual increase in nurse phone call volume. In most cases, the vast majority of total call volume is for the... Read More >
IRS Tax Publication Update
nbsp The IRS released updated Publication Your Federal Income Tax used to aid in the preparation of returns. There are more than law changes that took effect in that are... Read More >
Deduction for Nurse’s MBA
The Tax Court held in a summary opinion that a registered nurse could deduct expenses paid in in attaining an MBA with a specialization in Health Care Management MBA HCM... Read More >
IRS announces 2010 standard mileage rates
nbsp Beginning on Jan. , , the standard mileage rates for the use of a car also vans, pickups or panel trucks will be cents per mile for business miles... Read More >
Holiday Parties: 12 Tips for liability free events
nbsp Make no mistake about it, physicians and their employees can party down with the best of them. However, every year around this time, the Ghost of Christmas Parties Past... Read More >
Stark and personally performed services
Physician Self-Referral Regulations Personal vs. Referral Services The physician self-referral prohibition Stark regulations exempt from the definition of referral any designated health service personally performed or provided by the referring... Read More >
2010-2009 RBRVS side by side comparison
Frank Cohen is like the Energizer Bunny he just keeps going, and going, and going. He has now created a workbook that does a side-by-side comparison of the to RBRVS... Read More >
Business associates — who are you?
It s never too late to learn the actual definition of a business associate BA when it comes to HIPAA. A BA, as defined in HIPAA, means a person who... Read More >
Best front desk sign I’ve ever seen so far
nbsp I was in a primary care physician s office recently not a client where this sign was on the receptionist window We regret, but in order to see you,... Read More >
Crosswalk from consultations to other visit codes
Consultation Crosswalk Codes Frank Cohen www.cpahealth.com provided us with the table below this will be important for predicting future utilization and revenue cash flow since CMS is doing away with... Read More >
More sources for employee background checks
Looking for websites to run pre-employment background screens through? Here is what my clients are using www.publicdataworks.com www.ceoinfosolutions.com www.allisontaylor.com I shouldn t have to state the obvious but you need... Read More >
How to analyze a resume
Whether a job applicant is a physician, an administrator office manager or a medical technician, reviewing the resume is your first step in the selection process. Ostensibly, that resume provides... Read More >
Look ahead to your office’s future
Besides considering how the office affects your current practice, think about how the facility fits into your future. Offices often hinder doctors ability to change the way they practice. Don... Read More >
Charging a re-billing fee
nbsp I ran across a physician practice that has begun charging a rebilling fee beginning at days. They clearly state on their patient statements that the rebilling fee will be... Read More >
Communicate effectively with referring physicians
When it comes to ensuring your referral sources last, spend time giving your referrers what they most want-timely and effective communication. When a new referrer enters your market, make contact.... Read More >
Physician Fee Schedule Promises Significant Reimbursement Changes in the Coming Year
by Julie E. Kass and Mark A. Stanley, Ober Kaler, www.ober.com CMS has released its Calendar Year CY Final Rule with Comment Period for practitioners who are paid under the... Read More >
Starting physician salary information
nbsp The HealthCare Group s Physician Starting Salary Survey for is an excellent source of starting salary information. It also includes information on issues like covenants not to compete. You... Read More >
Job description for managing physician/director in a group practice
Role Profile Managing Physician Director in a Group Practice GENERAL SUMMARY OF DUTIES The Managing Director is the elected representative of the Board of Directors. This representation is both external... Read More >
Exit interviews
nbsp The value of exit interviews is directly correlated to what you will do with the information, and the number of interviews you do. If you have a low number... Read More >
Promote cultural competency
Cultural differences between patients, staff, and physicians pose barriers to true patient involvement. Such differences can occur in thoughts, communications, customs, beliefs, and values. Cultural competence, therefore, is integrating the... Read More >
Deceased patients with unpaid balances
How are you managing the accounts of deceased patients when they have a balance? If you were told there is no estate, are you confirming this with the courts? Do... Read More >
Subscribe to my blog
Categories
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 >
