Sample practice administrator bonus plan
Practice Administrator Bonus Plan Incentivizing Performance I ran across this sample practice administrator bonus plan in one of the numerous listservs I subscribe to I thought it was a pretty... Read More >
Do you conduct an annual billing/coding audits?
To manage revenue in a cost-effective manner, perform annual miniaudits of your reporting, coding, and billing activities. The audits serve the following valuable purposes Identify discrepancies. By examining the information... Read More >
False Claim Act explained
Looking for a definitions within the False Claims Act? Try here: http://www4.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00003729—-000-.html Read More >
Tips for preventing “delayed-schedule stew”
nbsp Delays are sometimes unavoidable, but don t allow your patients to sit and quietly or loudly stew over the extra time they re spending in your waiting room. Take... Read More >
Evaluating the characteristics of a good physician leader
Many of the multiple skills a good physician leader needs are innate rather than learned. I think these are some of them let me know if you can think of... Read More >
How Do I Provide Meaningful Recognition?
Harvard Business Online has a coach named Marshall Goldsmith who has written or co-edited books. In answer to the question How Do I Provide Meaningful Recognition? Marshall references the following... Read More >
FMLA and employee time off for materinity leave
nbsp Every physician practice should get an employee to fill out the FMLA forms before she leavers for maternity leave. They are available for download at http www.dol.gov esa regs... Read More >
Stark Phase III Rules Loosen Recruitment and Retention Requirements
nbsp On September , , the Centers for Medicare amp Medicaid Services CMS published long-awaited final Phase III rules under the Stark Law Physician Self-Referral Law, Sec. of the Social... Read More >
HOW TO STAY YOUNG
A friend sent this to me and I thought I would share it with all of my readers it s title is How to Stay Young . Throw out nonessential... Read More >
Remind patients about upcoming appointments
As your patients increasingly use the Internet, explore ways to use e-mail and your Web page to remind them about appointments. Many practices already send e-mail reminders to patients who... Read More >
Choose a signaling system to enhance productivity
nbsp To improve productivity, consider installing a light signaling system with computer interfaces at your practice. Having relied on the shout-down-the-hall method for years, you may find it hard to... Read More >
Look for these symptoms when trying to diagnose poor financial performance
If your income statement s bottom line shows an unexpected poor performance, use other statement details to track down what happened. Like classic symptoms pointing you toward ordering specific medical... Read More >
Take your time replacing a key employee
When a key staffer quits, there s often a feeling that the office will be in crisis until you find a replacement. This leads to hurried recruitment. As a result,... Read More >
Patient bad debts and IRS Form 1099
The Truth About Sending IRS Form to Patients for Bad Debt Many practices want to send a patient a Form when they write off their account as a bad debt... Read More >
Keeping good employees.
It s a FACT that the better performing physician offices are the ones that do the best at human resources. Keeping good employees is a must in a time when... Read More >
Reduce pay-outs when several physician members depart
You may be able to afford generous monthly goodwill pay-outs if one member dies, retires, or withdraws. But what if a second and even a third partner leaves shortly thereafter?... Read More >
Correct physician office common coding mistakes
Significantly improve reimbursement and cut down on denials by giving coding the attention it deserves. The following are common coding issues and their effect on your bottom line . Inaccurate... Read More >
How to depreciate tangible assets for partner buy-ins
nbsp Medical groups often expend time and energy haggling over intangible assets goodwill when setting a buy-in price. But they seldom give enough thought to valuation methods for tangible items... Read More >
7 ways to improve your reception area without breaking the bank
Tips for a Welcoming Medical Office What kind of atmosphere does your medical office provide for patients? Avoid extremes A utilitarian approach might result in a cold, sterile feel. A... Read More >
5 questions reveal how well applicants comprehend insurance billing
Evaluating Billing Applicants Essential Situational Questions I m a big believer in situational interviewing asking applicants how they would handle certain situations. Asking real world questions and seeing if the... Read More >
Steer clear of these ASC compliance pitfalls
As your surgery center continues to grow and you look for ways to bring in more reimbursement, don t overlook the critical compliance problems that could come into play. With... Read More >
Physician credentialing software
Looking for help in automating your credentialing applications? If so, take a look at these two products: http://www.symed.com/products_OAP.aspx Read More >
Critically evaluate every potential partner
Before promising partnership to a new recruit, define the minimum obligations of being a co-owner and measure new recruits against them. Three features that must be on any group s... Read More >
Looking for business plan templates?
Looking to create a business plan for your medical practice or healthcare entity? First, you should call your CPA for help. Second, check out these free templates on the internet... Read More >
Consider posting a patient satisfaction vision statement in your physician office
nbsp The focus on satisfaction must permeate your entire organization, so get everyone on the same page by adopting a vision statement. In every exam room, nursing station, billing desk,... Read More >
Follow the 80/20 rule when evaluating candidates
If a candidate possesses of what you need for a partner or employee, what would prevent you from offering a position? Consider short-term inconvenience versus long-term gains. In the short... Read More >
Physician call scheduling software
Here is another call schedule software product that a lot of practices use; you might want to check it out: http://www.whentowork.com/ Read More >
Searching for a provider’s NPPES information
nbsp NPI Registry https nppes.cms.hhs.gov NPPES NPIRegistryHome.do The NPI Registry enables you to search for a provider s NPPES information. All information produced by the NPI Registry is provided in... Read More >
Physicians should hold their CPA accountable
Every practice needs an independent accountant, but these advisors vary widely in usefulness to their physician clients. You probably have far more direct contact with your accountant than with consultants,... Read More >
Upcoming Stark Law update seminar
Phase III of Stark II is here. You need to know how to comply with these new rules. In addition, CMS has released additional proposed changes to the Stark Law... 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 >
