Collecting physician A/R after a departure
The following was a recent listserv question Once a physician leaves a practice, what is a fair to charge for collecting the AR this physician leaves behind? Right now she... Read More >
TAMPER RESISTANT PRESCRIPTION UPDATE
nbsp Medicaid requires that all written prescriptions for outpatient drugs be executed on tamper resistant paper by April , . A prescription is considered tamper resistant if it has one... Read More >
Newsletter for front desk personnel
As most of you know, I am constantly preaching that the most important position in a medical office is the front desk. It all starts there doesn t it and... Read More >
Physician incentive compensation idea
Many physician incentive compensation plans are based on RVUs. This is because one of the problems with a straight productivity incentive program is that there are some practice building activities... Read More >
Getting off physician call rotation
Here is a practical way to handle the issue of when a physician can get off the call schedule and any financial penalty that may attach Physicians aged and years... Read More >
Third party request to release patient information – HIPAA
The following question and answer was rececently published in HcPro s HIPAA Weekly Advisor, a free, weekly e-mail newsletter brought to you by HcPro s premium monthly newsletter Briefings on... Read More >
Many Health Systems Are Adopting Strict Policies on Vendor Gifts to Physicians
Hartford Hospital Implements Strict No-Gift Policy After months of discussion and consensus building, Hartford Hospital embraced a near-zero tolerance policy for vendor gifts. Physicians and key employees accepting gifts of... Read More >
Moving your office? There’s no such thing as “too early”
Once you ve decided to build a new office, or move to existing space, start planning your move right away. Completing an orderly move on time depends on thorough planning... Read More >
Why should an incentive bonus be included in a new doctor employment agreement?
Last week I had the opportunity to review the employment contract for a resident who is looking at a group practice opportunity in northern California. The doctor wanted me to... Read More >
Physician Financial Relationships, Conflicts of Interest Are Expected to Top List of 2008 Enforcement Targets
While some familiar areas are among probable targets of enforcement agencies, expect the focus to broaden, say experts. So while areas such as hospital-physician relationships will continue to garner scrutiny... Read More >
CMS to check hospitals for HIPAA security compliance
nbsp The time has come when CMS is going to start holding covered entities accountable for HIPAA security compliance. IAs you will see in this article, it is starting with... Read More >
Time of Year to Look at Your Vendor Relationships
Evaluate Vendor Relationships Since it s the beginning of the year, now is a good time to review your vendor relationships. Consider going through all of your vendors from A... Read More >
Can technology make you money?
This week I was conducting an on-site valuation visit at an orthopedic practice that a hospital client of mine is looking to purchase. During my visit, it was very apparent... Read More >
DocGrow offers free marketing consult to physician practices
For a free marketing consult from DocGrow www.docgrow.com , click on this link http www.docgrow.com consult , or contact Verex Marketing and DocGrow East Palisade Ave., Suite Englewood, NJ Tel... Read More >
Improve your physician office work environment
Your medical office is one of the most important practice tools at your disposal and you must exert control over it. Your office design either promotes or hinders your efficiency... Read More >
Scheduling: Why it’s good to track and trend
Patients often complain about the length of time it takes for a physician to see them and the process involved in making appointments. To minimize this dissatisfaction, examine your scheduling... Read More >
Handling Unhappy Customers (Patients!)
nbsp Stay calm They might be angry, but they are angry at what s happened to them, not at you. Your frame of mind and demeanor can greatly influence the... Read More >
Patient flow lighting system
If the lighting system you use to let doctors and nurses know there are patients in the exam room is becoming outdated or failing, you might want to check out... Read More >
Upcoming seminar on consultation coding
The definition of consultation is a confusing one because these claims have to meet so many conditions. And one wrong assumption can land you in hot water. For instance, if... Read More >
Chicago hospital merger push driven by economics
This article was in a recent edition of the Chicago Tribune newspaper http www.chicagotribune.com business chi-thu advocate . jan , , .story . The article says that a flurry of... Read More >
Summary of OIG Advisory Opinions 07-21 and 07-22
From the American Health Lawyers Associations www.healthlawyers.org On December , , the Department of Health and Human Services Office of Inspector General OIG issued Advisory Opinions - and - ,... Read More >
The art of mentoring employees
I have to admit it I was TERRIBLE at mentoring my former employees just ask them . However, I did see over time how important mentoring really is and how... Read More >
Many doc-owned sites not set for emergencies: OIG
nbsp While more than half of all physician-owned specialty hospitals have emergency departments, many are not well-equipped to handle emergencies, according to a report from the HHS inspector general s... Read More >
Don’t cut staff without considering revenue implication
nbsp As you undertake budgeting and planning for the coming year which we presume and urge you do remember that cutting staff usually hinders revenue growth as it saves overhead... Read More >
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 >
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 >
