March Newsletter
The March Edition of The Physician Advocate Featured blogs Strategic Planning for Your Physician Practice Where is Your Ship Headed? SECURE Act s Impact on Physician s and Healthcare Professionals... Read More >
21 Physician Practice Consulting Rules For Medical Practices
In my physician practice consulting endeavors, I ve noticed the amazing differences at how physician medical practices operate on a daily basis some good, some bad, some average. As such,... Read More >
Medical Practice Operations: The Relationship Between Front Desk Customer Service and Revenue
When discussing medical practice operations, patient satisfaction isn t the only aspect of your practice dependent on strong links between the office and your patients. Your first and best opportunities... Read More >
Avoid Bad Business Practices in Medical Practice Operations
Your medical practice or group works hard to settle on a sound market ing plan and your physicians pride themselves on their clinical reputations. Yet common, often over looked business... Read More >
Employee Best Practices for Physician Practice Management
Sometimes employees do not understand or follow the most basic workplace guidelines. As part of your physician practice management, here is a simple but comprehensive list that you can tweak... Read More >
Ransomware and Physician Practices
Ransomware attacks are the most common type of malware incident in the healthcare industry, including physician practices. What is Ransomware? According to The Compliance Group, of all malware incidents were... Read More >
Tips for Accounts Receivable Financial Management
Accounts Receivable Financial Management Some medical practices inevitably fall behind their accounts receivable A R financial management. After all, there are often more pressing issues at hand, and the reconciling... Read More >
February Newsletter: Welcome!
Welcome to the Firm s Newsletter Welcome to my new newsletter format for The Physician Advocate. I m excited about the new format and hope you will be too. As... Read More >
SECURE Act’s Impact on Physicians and Healthcare Professionals
The Setting Every Community Up for Retirement Enhancement SECURE Act The SECURE Act changed the landscape for retirement and savings planning. As an accountant to physicians and their medical practices,... Read More >
Strategic Planning for Your Physician Practice – Where is Your Ship Headed?
The Physician Practice World is Full of Uncertainties We can t keep up with the regulations, audits, reimbursement changes, meaningful use stages, and so much more, so why would we... Read More >
Is Your Physician Practice Ready for the New Overtime Rules?
Physician Practice and New Overtime Rules On September , , the Department of Labor issued its final ruling to increase the minimum salary threshold for executive, administrative and professional exemptions... Read More >
ABCs of Building a Financially Healthy Physician Practice
Building a Financially Healthy Physician 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 >
What’s Ahead for Physician Practices in 2020
Physician Practices Here s what to expect in CMS Medicare issued its Final Rule This final rule updates payment policies, payment rates, and other provisions for services furnished under the... Read More >
Is Your Physician Office Manager(s) Clearly Communicating With Employees?
Communicating with Physician Office Employees It is important for a physician office manager in a healthcare organization to make sure that staff members have a solid understanding of what is... Read More >
It’s IRS Tax Form 1099-MISC Time for Physician Medical Practices
Form -MISC With the close of the year, this is a simple reminder that physician medical practices must issue and file with the IRS Form -MISC to each person to... Read More >
Business Entertainment and Meals Under the New Tax Law – What Physicians Need to Know
Tax reform has had a significant impact on the tax deductions you can now claim for business entertainment and meals. The new tax law also eliminated business deductions for entertainment.... Read More >
Now available: 2018 MIPS final scores impacting 2020 payments
Update from the Medical Group Management Association nbsp Performance Feedback If your group practice submitted Merit-based Incentive Payment System MIPS data, you can now view performance feedback, final scores, and... Read More >
Addressing Mental Health in the Workplace – A free webinar from NSCHBC
nbsp The Way We Talk About Stress Although we are often stressed, overwhelmed, discouraged or worried about outcomes at work we rarely categorize them as mental health concerns. Did you... Read More >
Medicare Provider Enrollment Alert – Issues resulting from recent Provider Enrollment, Chain and Ownership System (PECOS) Release
PECOS Release . was implemented On June , , PECOS Release . was implemented. This release was prescheduled and designed to bring efficiencies to Medicare Administrative Contractors MACs and providers... Read More >
Physician Practice Absenteeism Policy
I sometimes get asked is there a physician absenteeism policy I like. Here is one sample policy but you have to be willing to enforce it for it to be... Read More >
Mid-Year Tax Planning Ideas from Thomson Reuters
nbsp It s hard to believe that about months have passed since President Trump signed into law the Tax Cuts and Jobs Act TCJA the largest major tax reform in... Read More >
IRS Urges Paycheck Checkup
nbsp The IRS has launched a special campaign encouraging taxpayers to perform a paycheck checkup to ensure the right amount of tax is being withheld from their paychecks for .... Read More >
New Health Reimbursement Arrangements (HRAs) rules for employers and employees
nbsp On June , , the Internal Revenue Service, the Department of Labor and the Department of Health and Human Services issued final rules regarding health reimbursement arrangements HRAs and... Read More >
New Medicare Card: 75% of Claims Submitted with MBI
nbsp Many providers are using the new Medicare Beneficiary Identifier MBI for Medicare transactions. For the week ending June , providers submitted of fee-for-service claims with the MBI. Help protect... Read More >
Managing by the Numbers
nbsp One of my prior articles cautioned readers on the use of overhead rates as a financial indicator of practice performance. The point I want to make now is that... Read More >
Business Entertainment and Meals Under the New Tax Law – What Physicians Need to Know
nbsp Tax reform has had a significant impact on the tax deductions you can now claim for business entertainment and meals. The new tax law also eliminated business deductions for... Read More >
7 Financial Planning Issues New Physicians Must Grapple With – From the White Coast Investor
nbsp Sometimes, smart people simply aren t aware of the financial issues they need to take care of. New physicians either need to do their own financial planning, or pay... Read More >
The Medical Billing Team is The Center of Your Business
nbsp nbsp P.J. Cloud-Moulds Physician s Practice Blog Over the past three years, I ve really managed to shift who makes policies, enforces policies, and understand why policies are made.... Read More >
Physician/Doctor’s dirty coats
nbsp Most patients prefer their doctor to wear a traditional white coat, a garment seen as a reassuring symbol of medical know-how. But new research has found that healthcare workers... Read More >
E/M Auditing 101: Tips from an Auditor – A Free Webinar
nbsp Even with the implementation of the Electronic Health Record EHR EMR and their templates to click and paste your way to a particular level of E M service, auditors... 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 >
