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 >
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 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 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 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 >
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 >
Medicare amp Medicaid Telehealth Services The Centers for Medicare amp Medicaid Services CMS expanded the list of telehealth services that Medicare Fee-For-Service will pay for during the coronavirus disease COVID-... Read More >
Physician Disability Claim Physicians can and do become disabled. It s why all providers, physicians or not, should acquire and maintain long term disability coverage. According to insurance professionals I... Read More >
Home Office Tax Deduction The Internal Revenue Service recently stated that it wants individuals to consider taking the home office tax deduction if they qualify. The benefit may allow taxpayers... Read More >
September Edition of the Physician Advocate In this newsletter edition we look at the importance of front desk collections, strategic planning and how to start analyzing physician compensation. Read the... Read More >
Medicare s Quality Payment Program The Centers for Medicare amp Medicaid Services CMS has updated the Quality Payment Program website to include Alternative Payment Model APM Incentive Payment details. To... Read More >
Managed Care Contracting Here is a recent email exchange between practice administrators regarding managed care First administrator I was in the dumps already since Aetna and BC BS of Texas... Read More >
Medical Practice Accounts Payable 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... Read More >
The status of your retirement savings People, especially my physician clients, put off a retirement savings plan for a number of reasons. For many, retirement appears far enough away to... Read More >
August Edition of the Physician Advocate In this newsletter edition we touch on OSHA regulations, answer a few questions about small group compensation plans and take a look at collection... Read More >
Guidance on owner-employee compensation and rent-related costs Recently the American Institute of CPAs released information that the U.S. Small Business Administration SBA and Treasury issued an interim final rule addressing... Read More >
Want a Financially Healthy Medical Practice? As changes continue to occur in the healthcare industry, physicians are taking a hard look at the numbers of a medical practice and gauging... Read More >
Succession Planning Whether you are a practicing physician doing solo medical practice or a member in a larger group practice, it s wise to begin thinking about your business succession... Read More >
Medical Practice Strategic Planning Following is an example of my strategic planning self-assessment. The purpose of these self-assessments is to give you a concise checklist of best practices in a... Read More >
The Medical Practice Consultant Medical practices have a growing need for specialized services. The healthcare industry in most parts of the country is volatile and constant change is the norm... Read More >
July Edition of the Physician Advocate Summer in Texas is the best But, we know this summer looks a bit different for many practices and physicians. In this newsletter edition... Read More >
Marketing is Important Now The incomes of many medical practices have been impacted by COVID- and will continue to be impacted as the healthcare industry continues to go through its... Read More >
Managing numbers vs. information One of my prior articles cautioned readers on the use of overhead rates as a financial indicator of practice performance. One of my colleagues called it... Read More >
One of the most problematic areas of medical practice valuation is establishing a clear understanding of the factors a valuator must assess in order to arrive at an appropriate fair... Read More >
The Physician Merger Team Well, the first date turned out to be a good one and everyone wants to move forward. The physicians have decided to form a merger committee,... Read More >
The Irate Patient The following is a situation that recently happened in a physician s office An irate patient came in to complain about the no show charge of .... Read More >
June Edition of the Physician Advocate Summer is kicking off in Texas As the weather heats up, the only constant we know, is that the world is in flux But... Read More >
Motivate medical office staff and enhance productivity With all of the responsibilities and demands that medical office staff face on a daily basis e.g., unhappy patients to cope with, incessant... Read More >
Personal Tax Planning Strategies I hope that you and your loved ones are safe as you deal with the current COVID- crisis. What an incredibly difficult year this has been... Read More >
Succession Planning Whether you are a solo practicing physician or a member in a larger group practice, it s wise to begin thinking about succession planning. I have found in... Read More >
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