nbsp CMS announced Notice of Intent to Apply NOIA and application cycle dates for a January , , start date for the Medicare Shared Savings Program Pathways to Success Opens... Read More >
Question If a corporation pays the disability premiums for a doctor and those premiums are recorded as Sub S distributions, will they be considered to be paid by the doctor... Read More >
Physicians Leaving Private Practices for Hospitals A Growing Trend Physicians are increasingly leaving private practices to join hospital networks, states a new report from the Physicians Advocacy Institute. From July... Read More >
nbsp The following qualities are a MUST have for the leadership in any organization, team, administrator or managing partner. The effect of the whole, or sole leader MUST be this... Read More >
nbsp Stay calm They might be angry, but they are angry at what s happened to them, not at you. Your frame of mind and demeanor can greatly influence the... Read More >
nbsp CMS is collecting information and documentation to determine whether payment arrangements qualify as Other Payer Advanced Alternative Payment Models APMs under the Quality Payment Program QPP . Payers with... Read More >
nbsp Administrative duties are a necessary evil every practice deals with. Not only do tasks like coding and documentation take valuable time away from treating patients, they can lead to... Read More >
nbsp Touchstone Medical Imaging Touchstone has agreed to pay , , to the Office for Civil Rights OCR at the U.S. Department of Health and Human Services HHS , and... Read More >
nbsp As a CPA and healthcare consultant, one of the things that continues to concerns me is employee theft within a medical practice or any other healthcare entity for that... Read More >
nbsp The U.S. Department of Health and Human Services HHS Office for Civil Rights OCR announced today the issuance of the final conscience rule that protects individuals and health care... Read More >
nbsp To defend against fraud, physicians must get involved in the day-to-day operations of the office, at least in a limited way. To protect yourself, put the following financial controls... Read More >
nbsp Need a complete list of non-accounting metrics to benchmark and monitor here you go If any others please send to me at reedt rtacpa.com Gross Collection Percentage Net Collection... Read More >
April , By Ashley Herzog Published by The Heartland Institute From July to January , hospitals in the United States acquired approximately , private medical practices. Over the same period,... Read More >
nbsp When patients don t pay their medical bills, maintaining a profitable medical practice can be extremely difficult. In case you were wondering, the message is clear patients want to... Read More >
nbsp A revised The Provider Enrollment, Chain, and Ownership System PECOS for Physicians and Non-Physician Practitioners NPPs Medicare Learning Network Booklet is available. Learn how to Register in the system... Read More >
nbsp Staff News Writer American Medical Association Full Bio Working in private practice hardly precludes hassles, but it does give physicians choices when fighting them off. Find out what can... Read More >
nbsp Think of all the payer contracts your practice has to manage. Although they cover many of the same procedures, each payer contract contains a unique set of rules and... Read More >
nbsp CBRs are educational tools used to provide insight into billing trends. The intent is to assist healthcare providers when performing self-audits of both procedures and billing practices. The Centers... Read More >
Retirement is coming, are you ready? Many people nearing retirement do not confront the financial issues until it s too late in the game. The bad news is financial planning... Read More >
nbsp With the April tax filing due date just a few days away, taxpayers should remember to both file and pay any taxes they owe by the deadine. Taxpayers who... Read More >
nbsp Sometimes the question is raised Should the administrators or office managers serve on the merger committee or merger team? My experience shows that it is not advisable to place... 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 >
Attaining the highest reimbursement possible is essential to maintaining a healthy revenue stream. But sometimes, due to unforeseen circumstances, you don t always receive the payment you expect. As a... Read More >
As mentioned in the last few blog posts, quality metrics provide the indicators physicians need to measure how their practice is performing. In this post I take a look at... Read More >
Benchmark for Receivables Over Days As you know, accounts Receivable A R is generally grouped into aging buckets based on -day increments of elapsed time , , , days .... Read More >
Days in accounts receivable A R represents the average number of days it takes a practice to get paid. The lower the number, the faster a practice is obtaining payment... Read More >
What It Is The first-pass resolution rate FPRR is the share of a practice s claims that get paid upon first submission. Calculation FPRR Total Number of Claims Paid Total... Read More >
Retirement Fears Nearly one-third of financial planners say their clients top retirement fear is running out of money, according to a recent AICPA survey of CPA financial planners. This is... Read More >
There are plenty of revenue cycle techniques meant to help practices boost profits. While many focus on ways to bring more money in, sometimes saving money is just as important.... Read More >
What do your patients experience when they visit your practice? More importantly, how do they remember your practice? Or, do they remember you at all? Most medical practices understand that... Read More >
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