Physicans & tax season musings
Why Physicians Often Struggle with Personal Finance and the Importance of Planning As I sit here about to complete my th straight tax season, I wonder why I continue to... Read More >
Another physician knee-jerk decision
Short-Sighted Cost-Cutting Hurts Medical Practice Profits in the Long Run I was visiting yesterday with a very well qualified practice administrator who informed me that her position was being eliminated... Read More >
Consultations Requested by Members of the Same Physician Group
Medicare Consultation Guidelines CMS Pub. - , Chapter , Section . . .E According to CMS Pub. - , Chapter , Section . . .E, Medicare carriers pay for a... Read More >
Seeking payment as an out-of-network provider
Strategies for Out-of-Network Providers to Improve Payment Collection Out-of-network providers often struggle on two levels to collect payment. First, the amount of money providers actually receive is an issue because... Read More >
Is someone watching overtime?
Why Monitoring Employee Overtime is Crucial for Managing Office Efficiency Is someone watching employee overtime in your office? Every month the administrator should be looking at the employee overtime reports... Read More >
NPI follow up
CMS NPI Contingency Plan Key Details for Providers As mentioned yesterday in this blog, CMS announced that it is implementing a contingency plan for covered entities other than small health... Read More >
CMS announces NPI deadline extension
CMS Extends NPI Compliance Date to May , Contingency Plans Allowed The Centers for Medicare amp Medicaid Services CMS announced today that it is initiating a contingency plan that extends... Read More >
Monitoring Physician Practice Financial Health
Essential Financial Ratios and Reports to Assess Your Practice s Financial Health What are the best financial ratios and reports to monitor the financial health of a practice? There are... Read More >
Survey your patients twice a year
Enhance Patient Engagement with Biannual In-House Surveys An in-house patient survey, conducted at least twice a year, can be an excellent marketing tool. The fact that you re asking your... Read More >
Upcoming Physician Compensation Seminar
A good physician is worth the price Physician practices like yours are struggling to attract and retain qualified doctors. During a physician shortage, top doctors have more job offers and... Read More >
CMS Extends Stark Regulations Deadline
CMS Extends Timeline for Stark II, Phase III Regulations with Key Changes Expected From Foley amp Lardner LLP Health Care Industry Team HealthIndTeam foley .com On March , , the... Read More >
Top issues facing the nursing profession
According to a Modern Healthcare online poll, the following are the top issues facing the nursing profession . Workload . Aging workforce . Nurse-physician relations . Compensation . Education .... Read More >
Physician Medicare Update Items
Correction to CR New Waived Tests, CMS CR CMS has released an article regarding an incorrect procedure code. CR , which informed carriers and A B MACS about new waived... Read More >
New Audio Book on Best Run Physician Practices
Click here to learn more about Judy Capko s new audio book Secrets of the Best Run Practices http shopmpm.com medical practice audio book secrets.asp CD Set Unabridged Audio CDs... Read More >
Three tips on testing contract compliance
Key Tips for Ensuring Contract Compliance in Your Medical Practice It is important to test contract compliance with your plans in order to ensure that all rates and terms are... Read More >
LOUISIANA FEDERAL COURT FINDS HHA VIOLATED STARK LAW
From the Vinson Elkins law firm www.velaw.com Louisiana Court Rules HHA Violated Stark Law, Owes K to Medicare LOUISIANA FEDERAL COURT FINDS HHA VIOLATED STARK LAW In an interesting case... Read More >
Use utilization data to win an increase in payer rates
Leveraging Utilization Data to Boost Payer Rates Tips from a Managed Care Expert Utilization data, which collectively reflect a provider s efficiency and, in turn, the value they can offer... Read More >
Common Medicare Billing Errors
The following is a current article published by CMS discussing common Medicare billing errors: http://www.cms.hhs.gov/MLNMattersArticles/downloads/SE0712.pdf Read More >
AMA to Congress: Fix Medicare physician payment formula
AMA Urges Congress to Reform Flawed Medicare Payment System The current Medicare physician payment formula is fatally flawed and must be replaced with one that reflects the reality of practice... Read More >
Physician Medicare Coverage Update
CMS Special Edition Article SE Reminder Medicare Provides Coverage of Prostate Cancer Screening for Eligible Medicare Beneficiaries The following special edition article posted to the CMS MLN Matters Web site... Read More >
AMGA chief sees ‘major demographic shift’
The average turnover rate among physicians employed by medical groups increased slightly to . in , while turnover among the growing population of female doctors dropped by nearly , according... Read More >
IRS says compensation disclosure lacking
An Internal Revenue Service inquiry into not-for-profits executive compensation found widespread disclosure errors and raised considerable concern about loans to directors, officers and key employees, according to a summary of... Read More >
Only 78 Days Until The NPI Compliance Date!
NPI Get It. Share It. Use It. Time is running out Obtain your NPI immediately to begin the implementation and testing process. Getting an NPI is free not having one... Read More >
MedPAC Announces Recommendations for Medicare Updates
MedPAC Medicare Updates Quality Incentives amp Payment Adjustments The Medicare Payment Advisory Commission on Thursday released its report to Congress on its recommendations for Medicare updates for . For both... Read More >
Income gap between physician primary care, specialties threatens healthcare
As first reported by HcPro www.hcpro.com , the income gap between primary care and medical specialties is discouraging medical school graduates from choosing primary care careers and threatening the U.S.... Read More >
Physician Medicare Bonus Program Seminar
Maximize Your Bonus Join MGMA s PQRI Webcasts for Essential Updates The Tax Relief and Health Care Act of created a bonus program, the Physician Quality Reporting Initiative PQRI, for... Read More >
Duplicate Billing of Medicare Services
Avoiding Duplicate Claims Key Points and Risks If you submit more than one claim for the same item or service, you can expect your duplicate claims to be denied. In... Read More >
Add clause to your physician provider contracts protect yourself
Protecting Peer Review Confidentiality in Plan Contracts If you give a plan you re contracted with unfettered access to your peer review records, you can jeopardize your right to keep... Read More >
FIRST HIPAA TRIAL ENDS IN CONVICTION
From the Vinson Elkins law firm www.velaw.com HIPAA Trial In the first HIPAA case to go to trial, a federal jury in Florida found Fernando Ferrer, Jr. guilty of eight... Read More >
Stark eyes Medicare Advantage plans
Congress Considers Scrutiny of Medicare Advantage Overpayments and Benefits Rep. Pete Stark D-Calif. , chairman of the Ways and Means health subcommittee, signaled that Medicare Advantage plans would come under... 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 >
