How to triple your productivity
I ran across the following productivity tips in a blog I subscribe to and for the life of me I can t locate which one anyway, these are some good... Read More >
Adjusting the balance and issuing a 1099 to the patient
Why You Shouldn t Send IRS Form -C to Patients for Bad Debts There is a lot of misinformation out there about whether or not you can send an IRS... Read More >
Specialty Practices: Timeliness and Marketing Count
Make every effort to see a referred patient as soon as possible and know which patients are referrals and also make sure the PCP receives literature explaining your capabilities. Publicize... Read More >
Workplace Harassment Issues Training Toolkit
Let s face it, workplace harassment does happen. If you think you are having this problem, this Toolkit from the EEOC is a user-friendly package containing all the elements needed... Read More >
Prioritize your savings efforts
Disciplined savings will help you reach your financial goals, but to balance multiple priorities, use the Rule of Sixths. This strategy helps you put more of your savings toward the... Read More >
Law and Medicine: Not As Cool as They Used To Be?
That s the basic question posed by this interesting piece, currently the most emailed article on the New York Times website. After describing some of the sufferings of lawyers and... Read More >
Summary of new OIG Advisory Opinion 07-19
From the American Health Lawyers Association www.healthlawyers.org p.s. You don t have to be a lawyer to join this excellent organization On January , , the OIG posted Advisory Opinion... Read More >
Attract and train the best and brightest
In the recent issue of Accounting Today www.webcpa.com , Gary Boomer of Boomer Consulting wrote an article on how to attract and train the brightest. While he may have been... Read More >
Exclusive Contract Between Hospital and Neurosurgery Group Does Not Run Afoul of State Antitrust Laws
From the American Health Lawyer s Association The U.S. District Court for the Southern District of Mississippi recently held that while an exclusive contract between a hospital and a neurosurgery... Read More >
How to handle noncompliant partners/shareholders
Suppose you ve finally crafted the compensation plan all partners agree works best for your practice. Should you penalize a partner who sees plenty of patients but isn t carrying... Read More >
CMS Delays Certain Aspects of Revised Anti-Markup Provision
From the Vinson Elkins law firm CMS Delays Certain Aspects of the Revised Anti-Markup Provision On December , , the Centers for Medicare and Medicaid Services CMS issued a final... Read More >
Track and manage disputed claims to prevent recurrence
Meeting individually with payers can help to reduce the number and types of disputed claims a provider encounters. The following are several disputed claims management strategies that emerged from working... Read More >
Physician offices staying out of trouble with the government
A lot of physician healthcare enforcement actions relates to the performance of unnecessary services and when those services put the health and safety of patients at risk. Most of us... Read More >
HIPAA: Physician Practice and a Hospice
Q Is it necessary for a physician practice and a hospice organization to have a business associates BA agreement? It seems that a BA agreement would be unnecessary, because both... Read More >
Consider treating each new employment agreement individually
When you finally land the right physician after months of searching, don t fall into the trap of using the same employment agreement your attorney drafted three physicians ago. As... Read More >
Offer generous salaries to retain physician-employees
Promoting only those physicians with the needed ownership and entrepreneurial skills solves the problem of having unsatisfactory co-owners. Yet it creates another problem If clinically qualified young doctors are denied... Read More >
2007 Medical Group Compensation & Financial Survey Released
The MGMA surveys are very popular among practice administrators, physicians, CPAs, and consultants but don t forget the AMGA compensation and financial survey Here is a summary of the publication... Read More >
Ways to control the rising cost of health insurance premiums
As health insurance premiums continue to rise, the following are the most common strategies medical practices use to control these costs . Look for lower premiums by switching health insurance... Read More >
Website offers advice on medical software selection
As we all know, selecting medical software can be difficult. There are literally hundreds of billing, practice management and EMR systems out there. With little time for research, doctors and... Read More >
Review your cash control policies
Your practice size will dictate how complex you can make your cash control policies. The most common internal control calls for a division of duties to prevent any individual employee... Read More >
NPI notification letter no longer needed for Medicare enrollment
When the Centers for Medicare amp Medicaid Services CMS revised the Medicare enrollment application CMS- in May , the agency required all providers completing the form to include a copy... Read More >
Choose office colors that make patients comfortable
Even physicians need to think about customer service. How a patient perceives your office and the impression it makes is a big customer service item. So make sure your practice... Read More >
Draft an effective denied-claim appeal letter
When drafting an appeal letter for a denied claim, start with an introductory section that stresses your practice s qualifications and your commitment to compliance and providing appropriate services. Then,... Read More >
Hidden impact within 2008 Medicare rates
Frank Cohen www.cpahealth.com has again reminded us of a few very few important points Congress approved the stay of execution for the . reduction in the Medicare allowable and replaced... Read More >
Meeting Rules
We all know meetings are a curse. Here are some rules by law firm consultant David Maister that hopefully will make your meetings more productive. Do not call meetings when... Read More >
Congress Expands FMLA Leave for Military Duty and Injuries
Congress passed legislation last week which, if signed by President Bush as expected, will amend the Family and Medical Leave Act FMLA for the first time since its passage in... Read More >
IRS Announces Procedure for Whistleblowers to Report Tax Law Violations
From the American Health Lawyers Association www.healthlawyers.org Section b of the Internal Revenue Code provides for an award of up to - of taxes, penalties, and interest recovered for whistleblowers... Read More >
Medicare Reimbursement Reprieve and REALITY
Medical practices are breathing a sigh of relief over Congressional action to postpone the anticipating . payment cuts that were set to begin next month here was official word from... Read More >
Track codes under capitation
If you work under capitated contracts, file and track plan patients CPT codes, even though you get paid on a per-member per-month basis instead of an FFS basis. Some capitated... Read More >
S Corp Shareholders Can Deduct Health Insurance Premiums
On December , , the IRS issued guidance that allows S corporation shareholders with health insurance policies in their own names, rather than in the S corporation s name, to... Read More >
Subscribe to my blog
Categories
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 >
