Blog

Required Minimum Distribution Reminder

December 18, 2018

Taxpayers born before 7/1/1948 generally must receive Required Minimum Distribution (RMD) payments from their Individual Retirement Arrangements (IRAs) and workplace retirement plans [including Section 401(k) , 403(b) , and 457(b) plans] by 12/31/18. A special rule allows those who reached age 70 1/2 during 2018 to wait until as late as 4/1/19 to receive their …

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A revised Medicare’s MLN Catalog

December 13, 2018

A revised MLN Catalog – December 2018 is available. Learn about free: Products and services that can be downloaded Web-based training courses; some offer continuing education credits Helpful links, tools, and tips

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Follow these tips to protect data when shopping online

December 12, 2018

The IRS reminds holiday shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers, and credit card information. Thieves could use this data to file a fraudulent tax return in 2019. …

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Issues related to health insurance for small physician medical practices

December 11, 2018

You’ve probably asked your CPA: “Can I deduct my health insurance?” or, “How can I reimburse my employees for health insurance premiums without triggering tax consequences?” For physician practice small-business owners and sole proprietors, the most powerful and relevant options are Health Reimbursement Arrangements. There are two HRAs in particular that will be of most interest …

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Medicare QRURs and PQRS Feedback Reports: Access Ends December 31

December 10, 2018

The final performance period for the Value Modifier and Physician Quality Reporting System (PQRS) programs was 2016 and the final payment adjustment year is 2018. Quality and Resource Use Reports (QRURs) and PQRS Feedback Reports will no longer be available after the end of 2018. If you need these reports, download them through December 31, …

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Florida contractor physicians’ group shares protected health information with unknown vendor without a business associate agreement

December 6, 2018

Advanced Care Hospitalists PL (ACH) has agreed to pay $500,000 to the Office for Civil Rights (OCR) of the U.S. Department of Health and Human Services (HHS) and to adopt a substantial corrective action plan to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA) Privacy and Security Rules. ACH provides contracted …

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Be sure to double-check your withholding and estimated taxes

December 4, 2018

The individual tax changes as a result of tax reform can cut both ways. You may be familiar with the major deductions you are losing, but might be less familiar with the impact of some of the more favorable changes like the expanded tax brackets. It’s not easy or intuitive to figure out what it …

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Medicare Basics: Commonly Used Acronyms Educational Tool

November 30, 2018

A revised Medicare Basics: Commonly Used Acronyms Educational Tool is available. Learn about: Acronyms frequently used in Medicare publications Webpage references for certain acronyms Creating a personalized list of the acronyms you use

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Evaluation and Management Coding Changes Expected in 2019 and 2020

November 28, 2018

Excellent article by Healthcare Compliance Pros (http://www.healthcarecompliancepros.com): On July 12th, the Centers for Medicare & Medicaid Services (CMS), released the Proposed Rule and made it available for comment.  There was a lot of discussion about Evaluation and Management (E/M) coding and CMS teased changes for improvements to “the nation’s healthcare system and a way to restore the …

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Another HIPAA physician practice violation to report

November 27, 2018

Allergy Associates of Hartford, P.C. (Allergy Associates), has agreed to pay $125,000 to the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) and to adopt a corrective action plan to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule. Allergy Associates is a …

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