Replacing good employees
We all know how expensive it is to replace good employees, which is why employee retention should be a top priority for all physician medical practices. The costs to replace... Read More >
THE art of apology – when and how to seek forgiveness
How can you manage your malpractice risk more effectively? The role of risk management is not to eliminate all risk but to anticipate and manage risk. Introduction. Mistakes happen. What... Read More >
Product watch – payroll processing
Most physician practices using ADP or Paychex for outsourced payroll processing. If you are looking for another good alternative, which also offers a time clock service, check out Your HR... Read More >
Be patient during cross-training
Patience during the training period is essential. Processes might slow slightly while employees become comfortable with their new roles. But remember, any delays are only temporary Cross-training represents an investment... Read More >
Making your compensation pay plan work
If you are looking to change your physician compensation formulary, try to take an objective approach to analyzing and possibly renovating your formula. Remember that compensation plans that work should... Read More >
Medicare will start offering incentives to physicians for e-prescribing in 2009
CMS will begin providing financial bonuses to physicians who e-prescribe and reduce payments to physicians who fail to e-prescribe in January, . Click here to read the full article on... Read More >
A benefit of wave scheduling
Many practices use wave scheduling to take advantage of the well-known management principle that people generally produce more efficiently by repeating the same process. Don t make the mistake of... Read More >
IRS Issues More FAQs on Health Savings Accounts
IRS Notice - addresses new questions and answers on health savings accounts HSAs . Topics include eligibility, high deductible health plans, contributions and distributions, prohibited transactions and establishing an HSA.... Read More >
Make sure you know the overtime pay rules
nbsp The number of small businesses facing overtime lawsuits has exploded. Fortune magazine The recent rewrite of federal overtime laws was supposed to make it easier for you to avoid... Read More >
OIG Issues Advisory Opinion 08-08
From the health law department at King Spalding www.kslaw.com On July , , the Department of Health and Human Services Office of Inspector General OIG issued a favorable advisory opinion... Read More >
New book on medical practice start ups
Greenbranch Publishing has just published a book entitled The Medical Practice Start-Up Guide. For more information, follow this link: http://www.greenbranch.com/images/greenbranch/medical_practice_start_up_guide/index.html Read More >
Most drugs will see increases in price paid by Medicare
nbsp A majority of drugs will be paid with higher prices under Medicare s average sales price ASP payment system for the third quarter of beginning July . At the... Read More >
Motivate your team
A recently read an article by Bill Catlette and Richard Hadden called Motivation through Mission. Their key concept is, People don t perform in an inspired manner without a big... Read More >
Financial counselors help patients pay on time
A financial counselor enhances practice satisfaction and serves as a marketing tool for your practice. He or she can save the patient time and trouble by coordinating good up-front payment... Read More >
Texas Physician Group Seeks Reconsideration
From the American Health Lawyer s Association www.healthlawyers.org A Texas physician group has filed a petition in the U.S. Court of Appeals for the Fifth Circuit, seeking a rehearing en... Read More >
FMV of Medical Practice Stock Donated to Charity
While consolidating various medical service corporations into a single medical practice group, taxpayers donated stock to a charity and claimed charitable contribution deductions of per share. Because taxpayers valuation experts... Read More >
Claim of Right for Whistleblower Settlement
If the repayment of income reported in a prior tax year exceeds , , the taxpayer can claim a credit in lieu of a deduction in the year of repayment... Read More >
Simplify your compensation approach
No payment trend has eased the struggle to find a fair and equitable compensation method, and determining what s fair and equitable depends on who s doing the judging. For... Read More >
HIPAA: Physician’s office release copies of a hospital’s medical records to another physician’s office
nbsp This post is from HcPro s HIPAA Weekly Advisor, a free, weekly e-mail newsletter brought to you by their premium monthly newsletter Briefings on HIPAA BOH . nbsp Q... Read More >
Product Watch: PhoneTree
nbsp For an appointment reminder service, you might want to check out PhoneTree http www.phonetree.com healthcare index.html nbsp It runs off of one of your PCs at the Front Desk... Read More >
Upcoming seminar: Recruiting Physicians in the Post-Start II Phase III Era
nbsp http www.hcmarketplace.com prod- -EZ B.html Wednesday, September , p.m. p.m. Eastern p.m. p.m. Central a.m. p.m. Mountain a.m. a.m. Pacific Although the Stark II, Phase III regulations came out... Read More >
More Texas doctors opting out of Medicare
In an ominous trend for baby boomers, Texas doctors are opting out of Medicare, weary of the perennial fights over cuts in reimbursement. I thought you might be interested in... Read More >
Deducting Start-up and Organizational Expenses
Final and temporary regulations have updated the rules for deducting start-up expenditures under IRC Sec. , organizational expenditures of corporations under IRC Sec. , and organizational expenses of partnerships under... Read More >
Medicare – Look out for 2010!!!
nbsp As we all know, the Medicare payment bill reverses the . percent payment cut that went into effect on July and halts the . percent cut scheduled for Jan... Read More >
Medicare bill passage – why get so excited?
nbsp A reader on a listserv recently posted the following commentary about the recent passage of the Medicare bill I couldn t have said it better myself nbsp Why are... Read More >
Know which patients are self-pay
If your cashier or exit receptionist doesn t know whether a patient s contract calls for a copay, you may never receive that money. Set up your computer system so... Read More >
Increase patient satisfaction by rewarding staff for extra effo
You expect each staff member to do his or her best work at all times, but adding special incentives to recognize performance above and beyond the job description can greatly... Read More >
Look at the bigger picture to solve practice problems
Too many groups even fairly large ones let just a few staff members personal objections paralyze even logical business decisions. In effect, the company s best decisions are stifled by... Read More >
Upcoming seminar – Medicare appeals
Fulbright amp Jaworski s Health Law attorneys invite you to join them on Wednesday, July , from to pm, CDT to pm EDT, am to pm MDT, to am PDT... Read More >
How to handle emergent add-on patients
Emergent patients are those that come to you suddenly and unexpectedly with an acute sickness which, without immediate attention, could threaten their lives or result in a permanent disability. Make... 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 >
