Planning for retirement – are you?
Only of adults know that they shouldn t spend more than of their retirement savings a year to avoid running the risk of outliving their nest egg this according to... Read More >
RVU – RBRVS – RVP – What are these?
Here is a question that was recently posed We have fee schedules based upon a of Medicare, multiples of RVUs, multiples of RVPs and multiples of RBRVS. I will be... Read More >
One easy way to improve front desk collections
Sometimes a patient will check out and want to pay cash for their appointment however, all the patient has are big bills to pay with. If a patient is willing... Read More >
2008 Social Security Wage Base
The Social Security Administration announced that the social security wage base will be , , an increase of , from the wage base of , . As in prior years,... Read More >
9 digit zip code needed to get paid by Medicare?
Medicare Payment Hold Zip Code Requirement Affects Providers in States The post is taken from a AHLA listserv post by Louise Joy, a healthcare attorney in Austin, Texas. As she... Read More >
Physician practice mergers – let the process begin
Well it looks like the process is starting ..I m getting more and more calls and inquiries from physicians that want to merge their practices together. I think physicians, especially... Read More >
Be sure to code out all physician services rendered
I am a preacher that all medical practices should code out and bill all services that are rendered per the CPT code book, unless of course such coding is not... Read More >
Consider these points before enforcing restrictive covenants
Restrictive covenants are a fact of life in most employment agreements. But having one and enforcing it when an associate or partner leaves to set up a competing practice are... Read More >
George Clooney and HIPAA???
From a recent blog post by Peter Lucash George Clooney HIPAA Violation Actor and heartthrob George Clooney was involved in a motorcycle accident in northern New Jersey about three weeks... Read More >
Beware encouraging unwanted physician behavior
If the concept of income division itself is flawed, one aspect is most troubling A group s formula may adversely influence physician behavior. Traditionally, groups sliced up the income pie... Read More >
Document petty-cash expenditures
For smaller expenses, such as lunch for the office, miscellaneous supplies, and unexpected minor expenditures, many offices maintain a petty-cash drawer or box. This system can work very well if... Read More >
Intangible amortization when buying/selling of a medical practice
Tax Treatment of Goodwill, Covenants, and Consulting in Medical Practice Transactions When buying or selling a medical practice, goodwill and coventant not to competes may be including in the purchase... Read More >
Online EIN application now available
Taxpayers can now request an employer identification number EIN through a Web-based system that instantly processes requests and generates EINs. The EIN application on www.irs.gov is interactive and asks questions... Read More >
Can a part-time physician become a full partner in group practice?
Managing Part-Time Partners Key Considerations for Fair Compensation Being a partner or shareholder in a medical practice demands full-time involvement. But, as more doctors seek to better balance their lives... Read More >
Consider hiring a floor manager for your office
Here s an intriguing practice management idea Appoint someone to be the floor manager, responsible for overseeing all staff as they process patients during office hours. I know what you... Read More >
Upcoming seminar on CPT 2008
This year the American Medical Association announced that CPT will include new codes, revised codes, and a wealth of deleted codes about more changes than last year. nbsp CPT Overview... Read More >
Need help with medical record documentation?
Here is a website with free charting tools and other products you might want to check out: http://www.freechart.com/index.php Read More >
Drafting a group physician practice mission statement
An effective group mission statement outlines your purpose, your priniciple activity to achieve it, and your core values. It answers the question Why should your practice exist? To help you... Read More >
Keys for successfully implementing physician bonus plans
nbsp Once you agree on what incentives to include in your compensation plan, focus on the specifics of how your physicians can achieve them. Here are some success factors in... Read More >
CMS has posted a new Stark advisory opinion
nbsp CMS has posted a new Stark advisory opinion on its website. The opinion addresses the following question Your request pertains to a physician recruitment arrangement the Arrangement that was... Read More >
Consider interviewing a physician applicant’s spouse, children
How to Screen a Physician Candidate s Family for Insight into Their Motivation Screening a physician candidate s spouse and any older children e.g., teenagers can give you insight into... Read More >
Privacy, Security, & You: Protecting Patient Confidentiality under HIPAA
Comprehensive HIPAA Training Privacy amp Security in One Video Privacy, Security, and You Protecting Patient Confidentiality under HIPAA is a -minute video from HcPro that combines two components of the... Read More >
Take the lead in helping your new NP or PA fit in with patients
Introducing your patients to a new PA or NP presents you with a moment of truth. Sometimes patients resist being brushed off onto someone they consider a second-rate practitioner. Helping... Read More >
CMS Announces Medicare Premiums, Deductibles for 2008
nbsp The standard Medicare Part B monthly premium will be . in , an increase of . , or . percent, from the . Part B premium for . The... Read More >
OIG fiscal year 2008 work plan posted
OIG posted the Fiscal Year 2008 Work Plan to their website To access the new Work Plan go here:ย http://oig.hhs.gov/08/Work_Plan_FY_2008.pdf Read More >
THE AMERICANS WITH DISABILITIES ACT QUESTIONS & ANSWERS
Looking for a refresher on ADA? Remember unlike FMLA, it applies no matter how many employees you have………… http://consumerlawpage.com/brochure/disab.shtml Read More >
Don’t promise partnership as an “automatic” right
nbsp Competition for good candidates forces many physician practices to reduce time to partnership today. The typical two-year wait is dangerously short already that s not much time to evaluate... Read More >
Congress delays Oct. 1 tamper-resistant prescription pad requirement
nbsp From www.mgma.com An intense lobbying campaign by MGMA, pharmacy organizations, state officials and provider groups has caused Congress to issue a six-month delay of the Oct. requirement to use... Read More >
Match employee office performance to bonuses
Don t give out bonuses just to look like the good guys This is why I hate Christmas bonuses employees expect it and not necessarily earn it . If you... Read More >
On Call Coverage & Uncompensated Inpatient Care Arrangement
From OIG To access the Advisory Opinion document - concerning the physicians on-call coverage and uncompensated inpatient care arrangement employed by a medical center go here http www.oig.hhs.gov fraud docs... Read More >
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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 >
