February Newsletter #2
Second February Edition of the Physician Advocate The past few weeks have been difficult for all of Texas. We are with our clients, family and friends in wishing full recovery... Read More >
Managed Care Oversight
Managed Care Oversight You have payer relationships so I ask How is your current managed care oversight? While your medical practice may be compliant with billing regulations and coding, this... Read More >
Billing for Services when Medicare is a Secondary Payer
Medicare Secondary Payer Background Medicare law and regulations require all entities that bill Medicare for services or items given to Medicare beneficiaries to decide whether Medicare is the primary payer... Read More >
OSHA Overview Medical Practices
OSHA Overview Remember OSHA? Seems like we ve forgotten about it. However, like HIPAA, your medical practice has to be in compliance Are you? Here is a brief overview of... Read More >
Accounts Payable and Internal Controls
Accounts Payable and Internal Controls The vital role that internal controls play within any well managed medical practice is widely recognized. Knowledgeable practice managers are well aware that poor controls... Read More >
Individual 401(k) Plans: An Overview for Solo Physicians
Individual k Simply put, an Individual or Solo k is a retirement account designed for the self-employed, or business owners with no full-time employees, like a solo physician practice. An... Read More >
SEP IRA vs Solo 401(k)
SEP IRA vs Solo k Which Should You Choose? How do you multiply your net worth? Let the government help. Here s how With both the SEP IRA and the... Read More >
Due Diligence in the Physician Merger Process
Physician Merger Due Diligence You and another or a group of physicians are considering a merger with each other. In any medical practice merger, the most important part of the... Read More >
Medicare Wellness Visits-An Often Missed Revenue Opportunity
Medicare Wellness Visits Medicare covers wellness visits, and your patients pay nothing if you accept assignment. The Part B deductible doesn t apply. You should recommend the Initial Preventive Physical... Read More >
February Newsletter #1
February Edition of the Physician Advocate In our February newsletter we cover Fraud and the Sleeping Watchdog, the Individual Tax Provisions of the New Appropriations Act, and Five Tips to... Read More >
Key Physician Practice Pre-Merger Decisions
Key Physician Practice Pre-Merger Decisions During the merger process, the physicians as a group will need to make numerous key pre-merger decisions about certain aspects and elements of the new... Read More >
Home Office Deduction: Can You Take it?
Home Office Deduction If you have an office outside your personal home say, downtown can you have a tax-deductible office inside your home for the same trade or business that... Read More >
Collecting Patient Deductibles in Medical Practice
How To Collect Deductible From Patient It s that time of year again patients will make an appointment with you and they will now have a copayment and a deductible... Read More >
Is Medical Practice Overhead Really to Blame for Today’s Woes?
Medical Practice Overhead or Improve the Top Line? I recently saw the recent blurb in a physician email newsletter Diagnostic clinic short on docs Once a vibrant and expanding practice... Read More >
OCR Issues Audit Report on HIPAA Compliance
HIPAA Compliance The Office for Civil Rights OCR at the U.S. Department of Health and Human Services HHS has released its - HIPAA Audits Industry Report that reviewed selected health... Read More >
Meals & Entertainment Tax Deductions
Meals amp Entertainment Remember the Tax Cuts and Jobs Act TCJA largely eliminated the deduction for entertainment expenses paid or incurred after , but left intact certain exceptions. The IRS... Read More >
December Newsletter
December Edition of the Physician Advocate In our December newsletter we cover establishing staff accountability, the MIPS reporting, and patient overpayments and escheat laws. Read the December Newsletter below or... Read More >
How to Value a Medical Practice โ Art or Science?
Medical Practice Valuation What is a medical practice worth? IT DEPENDS And once you understand this sole fact, you can then begin to concentrate on how to get to the... Read More >
Year End Tax Strategies for Your Stock Portfolio
Tax Strategies for Your Stock Portfolio When you take advantage of the tax code s offset game, your stock market portfolio can represent a little gold mine of opportunities to... Read More >
Employee Success Equal to Leadership Investment?
Physician Practice Employee Success and Your Leadership When it comes to leadership, one can only expect to get back from their employees what they choose to invest in them. Leaders... Read More >
2020 Last-Minute Year-End Medical Plan Strategies
Year-End Medical Plan Strategies For Physician Practices All physician practice owners with one to employees should have a medical plan in their business. Sure, the tax law does not require... Read More >
November Newsletter
November Edition of the Physician Advocate In our November newsletter we cover working the A R, the dangers of cloned notes, and best practices over best efforts. Read the November... Read More >
The Hammer Falls on PPP Funded Expenses
PPP Funded Expenses The IRS confirmed our fears and clarified that if expenses are funded with a PPP loan that hasn t yet been forgiven, that doesn t mean they... Read More >
Home Office – Extra Rooms for Your Business Use
Home Office With the COVID- pandemic still going on, you as a physician or practice manager may be spending more time working from your home office. You may have taken... Read More >
Medical Practice Embezzlement & the Sleeping Watchdog
Medical Practice Embezzlement Thirty fifty years of age, married with a stable family situation, above average education, professional or managerial staff level who does this describe? According to recent research,... Read More >
Hiring an Outside Consultant For Your Medical Practice Assessment
Medical Practice Assessment Recently a medical practice administrator posted a question on the use and effectiveness of hiring an outside consultant to perform a medical practice assessment. Some responses actually... Read More >
Simplified PPP Loan Forgiveness Form Released
Simplified PPP Loan Forgiveness The Small Business Administration SBA updated the Paycheck Protection Program PPP FAQs and issued a new interim final rule in conjunction with the issuance of a... Read More >
Physician Practice Process Improvement
Physician Practice Process Improvement Similar to the mid to late s, medical practice management today has begun to be dominated by mergers, affiliations, and other external strategic initiatives aimed, ideally,... Read More >
October Newsletter
October Edition of the Physician Advocate In our October newsletter we cover solid commandments for A R management, and analyzing overhead, as well as a note from me, to you,... Read More >
4 Important Estate Planning Documents for Physicians
Four Estate Planning Documents that a Physician Needs Katherine Dorval, an attorney at Bowditch amp Dewey gives a great reminder that many people especially physicians in my opinion , think... 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 >
