Year-end Tax Planning for Individuals
It s Time to Create Your Year-end Tax Plan The end of the tax year is almost upon us, so it s a good time to think about things you... Read More >
It s Time to Create Your Year-end Tax Plan The end of the tax year is almost upon us, so it s a good time to think about things you... Read More >
Your health savings account (HSA) can do more for you than you might think. Want to learn how to make the most of your HSA? The following tips can help Read More >
Review your MIPS performance feedback, including your MIPS final score and payment adjustment factors, on the Quality Payment Program website. Individual clinicians, groups, subgroups, virtual groups, Alternative Payment Model APM... Read More >
If you’re interested in forming a virtual group for the 2025 MIPS performance year, the election period will begin on October 1, 2024. Read More >
Hiring and retaining good employees is a BIG issue for all medical practices. Why? The obvious reason is that the talent pool of qualified people to work in a medical... Read More >
The practice manager's effort to control medical practice operating overhead never ends. We all know that it s not easy to hold overhead in line from year to year. But... Read More >
Imagine you have just gotten a raise at work. You are probably thinking about how you can afford that big purchase you've been wanting, or how you can finally go... Read More >
Besides providing their patients with the highest quality of care, the main thing all physicians want to do is maximize their revenue cycle management RCM and generate the largest amount... Read More >
Sticking to a budget can be challenging. You set goals, but impulse buys and variable expenses can make it difficult to stay on track. Are you looking for a different... Read More >
This summer is usually when new associates arrive for new employment at medical practices. The newly hired doctor could be a drag on a practice s finances if he or... Read More >
It's easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using your meeting time wisely. If you don t... Read More >
Beware of Scammers Posing as the IRS Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here s... Read More >
Saving for retirement was never on my radar as a twenty-something. I was young, short on cash, and not thinking about the future. But when I hit thirty, things changed.... Read More >
When you read about money matters, you often see the phrase, “getting your financial house in order.” What exactly does that mean? Read More >
Few medical practices can afford to leave money on the table even in the best of times, and workers who are responsible for navigating healthcare claims, denials, and subsequent appeals... Read More >
You just discovered an employee theft within your physician medical practice. Now what? This post reviews the necessary steps to take. Read More >
Regardless of age or income, having a will is an essential step to pass your assets to your heirs with clarity and confidence. Get one. Read More >
When a practice s medical billing staff or service fails to accurately claim all the revenue the practice has earned for example, by under-coding to save time this naturally represents... Read More >
Having the free time to travel, explore hobbies and see your loved ones are among the top reasons people dream of early retirement. But how realistic is early retirement for... Read More >
It is important for all employers, including those in the health care industry, to conduct exit interviews with departing employees. The consistent use of exit interviews serves numerous purposes, including... Read More >
Your most valuable asset may be your ability to earn an income. Over the course of your lifetime, you could earn several million dollars money that helps support you and... Read More >
There are medical practices that are not only holding their own but actually thriving and achieving new records of productivity and profitability.Here are techniques they employ that might help you... Read More >
You don't have to be wealthy to be financially stable. Financial stability can mean a lot more than that like being able to afford your current lifestyle or saving up... Read More >
Use a technique familiar to your training and experience. Look at each employee performance the same way you approach diagnosing a patient. For example, if you like using the traditional... Read More >
Judith Aburmishan, MPA, CPA, of A&A CPA, LLC, hosted this episode of Ask An Accountant, where Reed was featured to discuss medical practice mergers. Read More >
Buying and selling medical practices is a big decision. It s crucial to do your research and recruit the right help. Consider hiring a healthcare CPA, such as Reed Tinsley... Read More >
As someone who has worked exclusively with physicians over the past nearly 35 years, I continue to be amazed at what a wreck most physician personal finances are. Read More >
There are several ways assets transfer on death directly from the decedent/owner to others without probate. The following are some of the more common ways. Read More >
It's easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using your meeting time wisely. If you don t... Read More >
The IRS urges businesses to review their eligibility for the Employee Retention Credit because there's limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as... Read More >