A Thought on Physician Practice Mergers
Practice Mergers Last week I gave two speeches at Broad and Cassel s first annual physician seminar. The theme of the seminar was physician practice mergers. I usually don t... Read More >
Stagnant Margins for Physician Primary Care Medical Groups
By Christina Pope, MGMA senior writer No longer able to absorb several years of cost increases and decreasing revenue, primary care medical group practices are watching their margins shrink, according... Read More >
Balancing Life, Work, and Relationships
As many know, I have used this blog as a recepticle for ideas, observations, recommendations, and insights about physician medical practices. In other words, I want one place everyone can... Read More >
Why wave scheduling may improve on-time performance
Optimizing Patient Scheduling Wave vs. Stream Approaches Despite the clear benefits of customizing patients appointment time slots, many doctors still operate on a so-called stream approach, simply scheduling patients in... Read More >
What to do if member fraud is suspected
Handling Suspected Coverage Fraud Best Practices for Verifying Plan ID Cards A patient comes into your clinic for treatment and presents a plan identification ID card identifying her as the... Read More >
Health Savings Accounts for Physician Employees
Embracing Health Savings Accounts A Success Story from a Medical Practice While many physician offices have not implemented health savings accounts as an employee benefit, there is a prediction that... Read More >
Final HIPAA Enforcement Rule Published
From the American Health Lawyer s Association www.healthlawyers.org The Department of Health and Human Services DHHS published in the February Federal Register Fed. Reg. the Health Insurance Portability and Accountability... Read More >
Providing Fringe Benefits to Spousal Employees
Maximizing Health Insurance Deductions for Self-Employed Owners A self-employed proprietor can deduct annual health insurance premiums under IRC Sec. l for income tax purposes. By employing his or her spouse... Read More >
Upcoming Managed Care Contracting Seminar for Physician Offices
Thought you might be interested in this upcoming seminar Managed Care Contracting Brokering the Best Deal Using a Value Plan Presentation A -minute audioconference on March , Visit HCPro s... Read More >
CORRECT PHYSICIAN APPLICATION OF ICD-9-CM CODES SUBMITTED
Proper Coding Placement on CMS- Claim Form As a reminder when filing Medicare and other third party payer claims, Item is the appropriate area on the CMS- claim form to... Read More >
Marketing Ideas for Primary Care Physicians
Marketing Question A recent email on one of the physician listservs asked the following question Does anyone have any good ideas on how what a physician can do to help... Read More >
Quarterly Update to Physician Correct Coding Initiative (CCI) edits, Version 12.1
CMS Quarterly Update New CCI Edits Effective April , The Centers for Medicare amp Medicaid Services CMS has released an article regarding the quarterly update to the Correct Coding Initiative... Read More >
2006 physician payment conversion factor same as 2005’s
From Part B News www.partbnews.com Part B News has learned Medicare s conversion factor will match s exactly . . President Bush on Wednesday signed the Deficit Reduction Act, which... Read More >
HIPAA Security Rules Compliance Deadline Fast Approaching!!
Small group health plans must comply by April , By Jason T. Froggatt and Sarah L. Bhagwandin Published by DWT s Employer Services Department Any employer that sponsors a group... Read More >
Monthly Physician Meeting a Must
Monthly Business Meetings Essential for Practice Success I am a STRONG believer that medical practices, whether solo or group, should have a business meeting each month. Generally these meetings take... Read More >
Vulnerable Populations To Face Higher Costs Under Medicare Rx Benefit
New Medicare Drug Benefit May Not Equally Benefit All Seniors The new Medicare drug benefit is likely to result in modest to moderate declines in out-of-pocket spending for seniors who... Read More >
Double check your front desk
Upgrade to a Patient Account Representative for Better Managed Care Because your receptionist can make or break your managed care program, consider a non-entry-level employee for the position. The person... Read More >
New edition of Physician Staff Salary Survey now available
Published annually by the The Health Care Group , the Staff Salary Survey provides salary and fringe benefit information for different job categories. It will help you compare your practice... Read More >
Pay freeze passes House yesterday, president expected to sign into law
House Passes Bill to Freeze Medicare Payments, Debates Medicaid Cuts From Part B News The president will take up a bill shortly to freeze your Medicare payments at levels and... Read More >
Healthcare Losses High Amid Antifraud Efforts
Blue Cross Blue Shield Saves M in Anti-Fraud Efforts Blue Cross and Blue Shield Plans say that their anti-fraud efforts delivered savings and recoveries of nearly million in . Overall,... Read More >
Who Pays for Physician Employee Malpractice Tail Coverage
Who Should Pay for Malpractice Tail Coverage My Viewpoint Here is my belief a physician practice should pay the malpractice tail for a departing physician employee and a physician owner... Read More >
Why Can’t Physicians Get Along?
Eye-Watering Legal Costs , Spent on Physician Dispute Over , Discrepancy I just finished up a day trial as an expert witness in case involving two local physicians. They were... Read More >
Four guidelines to obtain timely physician payment from ERISA plans
How to Write a Persuasive Letter for Timely ERISA Payment It s important to write a convincing letter when you want to receive timely payment from ERISA plans. Your letter... Read More >
Adjust income division for physician underproducers
Choosing the Right Phone Handler for Your Practice Even under the current productivity crunch, many medical groups divide some or all of their income equally. After all, physicians still share... Read More >
Physican Median Days in A/R
The following are selected single specialty median days of gross charges in A R from the MGMA Cost Survey Anesthesiology . Cardiology . Family Practice . Internal Medicine . Orthopedic... Read More >
Select the appropriate staff to answer your phones
Choosing the Right Phone Handler for Your Practice Clearly, you can t have just anyone answering the phone. First determine whether your receptionist can effectively field telephone inquiries or whether... Read More >
A financial counselor serves you and your patients
Maximizing Collections The Vital Role of Financial Counselors in Medical Billing In the world of professional collections, medical billing is unique. So be creative in your approach to securing payment... Read More >
Hospital Employment of Physicians
The following is an article you might be interested in reading The ?Hire? Road Physician Employment Makes a Comeback By Preston Gee, for HealthLeaders News Jan , http www.healthleadersmedia.com view... Read More >
When an Employee needs another W-2
nbsp From The American Institute of Professional Bookkeepers www.aipb.org To reduce phone calls and avoid sending a duplicate to the wrong person e.g., an ex-spouse , develop a policy and... Read More >
Physician Office Resource
Stay Informed with Tailored Healthcare News Subscribe to HealthLeaders Media Get the most relevant news for healthcare executives found in nearly newspapers and periodicals delivered right to your in box.... 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 >
