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 >
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 >
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 >
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 >
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 >
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 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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >