August Newsletter
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 >
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 >
The Coronavirus Aid, Relief, and Economic Security Act CARES Act added the Paycheck Protection Program PPP to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease... Read More >
New PPP Loan Changes On Wednesday evening, the U.S. Senate passed the House version of Paycheck Protection Program PPP loan legislation, tripling the time allotted for small businesses and other... Read More >
Tensions can run high when it comes time for the practice to evaluate the performance of the front-office staff in medical practice. Many workers and even some managers will just... Read More >
May Edition of the Physician Advocate Spring is officially here As we figure out how to navigate this new normal, we stay committed to providing you with the best resources... Read More >
For years, financial and tax advisors have lectured about the wonderfulness of a Roth IRA and why you should convert traditional IRAs into Roth accounts. But, of course, you didn... Read More >
The COVID- outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to... Read More >
Medical Practice Tax News COVID- The Paycheck Protection Program PPP included in the CARES Act allows businesses with or fewer employees to receive loans to pay payroll costs, rent and... Read More >
There has been a lot of chatter and advice rendered on the listserv of the National Society of Certified Healthcare Consultants as we guide and advise our physician clients through... Read More >
April Edition of the Physician Advocate This past month has been one where business as usual has been disrupted. In this month s newsletter, I ve provided several great resources... Read More >
Fraudsters are taking advantage of these uncertain times caused by COVID- by impersonating the CDC, SBA, IRS and other government and healthcare organizations. Whether you re running a business or... Read More >
There is still a lot of uncertainty surrounding COVID- . The following are a few coronavirus-related questions and answers that may be on your mind. Will my PPP loan be... Read More >
Tax Considerations for Meals and Entertainment Expenses As baseball season approached, I thought it would be a good idea to review once again physician and medical practice write-offs for meal... Read More >
It s been a very busy week on the National Society of Healthcare Business Consultants listserv discussing daily operational issues and the SBA paycheck protection program. One exchange caught my... Read More >
The Impact of COVID- The long arms of the COVID- have jeopardized both lives and livelihoods. Surgeries have been unilaterally cancelled, and patients told to stay home, meaning revenues for... Read More >