May 2022 Newsletter
The May Edition of the Physician Advocate The May newsletter is here After making it thought another busy tax season, we are looking forward to a real Texas summer This... Read More >
The May Edition of the Physician Advocate The May newsletter is here After making it thought another busy tax season, we are looking forward to a real Texas summer This... Read More >
Four Ways Ensure Patient Satisfaction and Loyalty Has your medical practice experienced a decline in patient visits, new patients and new patient inquiries? Have you seen an increase in cancellations... Read More >
Things We Bosses Used To Hate I admit it I didn t like employees when I was a boss, and they certainly didn t like me either. No wonder I... Read More >
Retirement Social Security Benefits The American Institute of Professional Bookkeepers came up with a nice little overview of social security benefits. So here are some answers to common questions about... Read More >
Case Study Independent Contractor Misclassification In a recently published article by Parker Tax Publishing, the Tax Court held that a corporation engaged in the business of providing at-home private duty... Read More >
Home Office Deduction for Corporate Entities What does the IRS audit manual say about the home office for an individual who operates his or her business as a corporation? Answer... Read More >
Spring has sprung in Texas In the April edition of the Physician Advocate we cover Writing a Medical Collection Letter That Will Get You Paid yes, it is possible Tackling... Read More >
Prevent Merger Mishaps with Careful Planning So you ve decided to enter into a merger. First of all, congratulations for taking control of your future and addressing a changing healthcare... Read More >
Friendly Doctor Structures The IRS is reviewing questions of control and beneficial ownership in friendly doctor corporate structures to issue guidance, and it doesn t encourage taxpayers to seek letter... Read More >
What you need to know about working and receiving social security benefits Social Security has some , rules, and one of the most confusing and misunderstood is the retirement earnings... Read More >
Better Performing Medical Practices Medical practices deemed better-performing medical practices by the Medical Group Management Association s MGMA annual Performance and Practices of Successful Medical Groups report consistently excel in... Read More >
Retirement Expenses to Remember Thinking retirement? No matter how much you ve thought about retirement already, it can be easy to overlook some of the details that will make your... Read More >
Tax season is in full swing There are a few weeks left of the tax season, but we know that running your medical practice is a year round job. Here... Read More >
Does your practice live and breathe your written values? I was recently at a physician s office and in the waiting room was a framed copy of the following Patient... Read More >
The first few months have gone quickly for our office. Even though tax season is in full swing, it s important to not lose sight of medical practice management. Dive... Read More >
Can You Attain Financial Security? Downturns in physician practice economics has taken long-standing personal finance calculations and turned them on their head. As a result, many physicians face an endless... Read More >
Leadership is Needed Here s one simple reason why physician groups need leadership Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without... Read More >
Easy Ways to Destroy Patient Satisfaction MedicalGPS sure got it right on this one Just plain common sense. Poor patient satisfaction scores can hurt an organization s reputation and bottom... Read More >
Your office manager and billing staff periodically should conduct a patient chart audit to assess whether your doctors code accurately. But how do you know that they know what they... Read More >
Are Any of your Employees Robbing you? Perhaps even one who smiles at you, seems like a team player, and is the last one you d suspect? Although many physicians... Read More >
It s the Season for Criminals Posing as the IRS With the new tax season starting this week, the IRS reminds taxpayers to be aware that criminals continue to make... Read More >
Happy New Year We glad to be here and we look forward to a year ahead A lot has been happening in the physician practice world. We cover the important... Read More >
Start the New Year Strong Years ago, I wrote an article about new year resolutions for medical practices and their management. Well years have gone by and I m still... Read More >
Watch for These Signs of Low Morale You strive for a fair and equitable workplace to help attract and retain employees, drive productivity, and comply with federal, state, and local... Read More >
Did You Forget to Issue s? Imagine this you didn t issue Form s to your contract labor services vendors. Now, the IRS is auditing your tax return, and the... Read More >
Filing Your Tax Return With filing season beginning January , the Internal Revenue Service IRS reminded taxpayers about several key items to keep in mind when filing their federal income... Read More >
Be Aware of Payment Scams My bank recently informed me about a new scam targeting individuals using person to person money transfer services. Here are a few tips to help... Read More >
Medical Practice Assessment Year end is a great time of year not only because it s the holiday season for most but because it s a good time to evaluate... Read More >
Outside Advisors During my years in consulting, I have found that the successful medical practices out there are the ones that surround themselves with excellent advisors. Not only do they... Read More >
Accounts Receivable and Collection For The Medical Practice MEDICAL PRACTICE MANAGEMENT STATISTICS Administrators produce pounds of paper as part of the month-end close process. Typically, buried deep within these reports... Read More >