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 >
NPI data to be available on Sept. 4
From the Medical Group Management Association www.mgma.com The Centers for Medicare amp Medicaid Services CMS will make available to the public on Sept. National Provider Identifier NPI data that are... Read More >
Federal court allows collaboration on CPT codes
The American Medical News , Sorrel reports, Organized medicine scored a legal victory in a decision physicians say upholds the CPT current procedural terminology coding process and protects medical societies... Read More >
Assess the practice market
Before evaluating existing managed care agreements or entering into new ones, be armed and ready with information about your practice. Gather a minimum of months of practice utilization data. Obtain... Read More >
PROBLEM EMPLOYEES: HOW TO COUNSEL THEM
nbsp Sign up today at http conference.mpmnetwork.com PROBLEM EMPLOYEES HOW TO COUNSEL THEM or HOW TO FIRE THEM Your staff forms the backbone of your organization, and having the right... Read More >
Former Compliance Officer Alleges Hospital Chain Paid for Referrals
A former chief compliance officer for IASIS Healthcare Corp. has accused the hospital chain of engaging in illegal deals with physicians in a false claims lawsuit filed on behalf of... Read More >
Don’t promise partnership as an automatic physician right
Competition for good candidates forces many practices to reduce the time to partnership. The typical two-year wait is dangerously short already that s not much time to evaluate a new... Read More >
CMS has posted the Stark III regulations
CMS has posted the Stark III regulations. The regulations will be published in the federal register next week September or they can currently be downloaded from the CMS website http... Read More >
Reward your physician leader
Medical groups of all sizes recognize the importance of of a physician-managerial role in their practice. Consider the following approaches to reward your physician leader Reduce clinical time demands, perhaps... Read More >
Putting a drug store in a physician’s office??
Three out of four patients would buy their prescriptions from a pharmacy in a doctor s office if they could. Notes the ever-outspoken and always well-spoken pharmagossiper, Physicians are missing... Read More >
Track referrals, test results, and consultations
Failure to document a referral and the reason for the referral is all too often a subject of litigation. Courts often ask, Who had the responsibility for the evaluation and... Read More >
Physicians out of network – checks going to the patient
A client recently received a letter from Unitedhealthcare stating that effective Sept , we are making changes in the way we direct claims payments for services rendered by non-network care... Read More >
Physician practice marketing seminar available
The business of medicine is more competitive than ever, yet marketing in medical practices is the exception, not the rule. Few other businesses would consider operating without marketing. We are... Read More >
Home health to get increase in Medicare rates
The CMS in a final rule will increase Medicare payments for home health agencies by in , resulting in million in additional payments next year. Those agencies that don t... 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 >
