Understanding Life Insurance
Understanding Different Life Insurance Coverage 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... Read More >
9 Tips To Build Medical Practice Profitability
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 >
5 Signs You’re Financially Stable
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 >
Physician Aptitudes for Effective Employee Assessments
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 >
Reed Tinsley Presentation on Medical Practice Mergers
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 >
5 Tips For Successfully Buying A Medical Practice
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 >
No Time for Personal Financial Planning?
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 >
A Few Ways to Avoid Probate
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 >
Bring More Value to Your Staff Meetings
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 >
ERC and Incorrect Claims
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 >
It’s That Time of The Year Again for Medical Practice Resolutions
In one of my previous writings, the subject was about new year resolutions for medical practices and their management. Read More >
Tax Implications of Buying or Selling a Medical Practice
In healthcare, the buying and selling of medical practices is a common occurrence. Whether you are a physician looking to expand your reach or a practitioner considering retirement, understanding the... Read More >
Key Interview Questions for an Administrator Role
Hiring for an Administrator Position? Here are Key Interview Questions At some point your physician medical practice may need to hire a new office manager or administrator I m assuming... Read More >
Six Tips for Safeguarding Your Records
Some natural disasters are more common in the summer, but major events such as winter freezes, tornadoes and fires can strike at any time. It's always a good idea to... Read More >
Beyond Malpractice Insurance
Say the word insurance, and most doctors immediately think malpractice. But if the only thing your group or individual medical practice is insured against is a lawsuit, you may be... Read More >
What Is Values-Based Investing?
In recent years, there has been a surge in the popularity of values-based investing, as individuals increasingly seek to align their financial decisions with their beliefs and personal interests. Read More >
When Treating a Patient Ask “What else?” First
Often as you wrap up a visit for the problem that your patient scheduled his appointment for, the other symptom appears. The "hidden agenda" patient strikes again. Read More >
Q&A with Reed Tinsley: What every physician should look for in an accountant
If you think that all CPAs are created equal, think again. As a busy physician and higher earner, you would likely benefit from the assistance of a healthcare accountant. Read More >
Retirement Risks for High Income-Earners
Even middle- and upper-income earners face retirement risks. What are some of the biggest risks, and how can you preserve your financial security in retirement? Read More >
How Much Life Insurance Do You Need?
Throughout your life, your financial needs will change, and life insurance can help you meet some of those needs. But how much insurance do you need? Read More >
Do You Have Productive Staff Meetings?
It’s easy to blame your staff for unproductive meetings, but the reality is that your leadership role makes you accountable for using meeting time wisely. Read More >
Managing Your Risk with HIPAA
There is a lot to unpack with HIPAA law, but it must be addressed. HIPAA isn t all bad. Did you know HIPAA can help you manage your risk in... Read More >
9 Estate Planning Tips and Tricks for Physicians (and Others)
Many think estate planning is only a concern for those who are later in their stage of life or who are wealthy. They may put it off for years, or... Read More >
Six 2023 Year-end Personal Tax Planning Ideas
Before the year closes, it's time to think about some year end tax planning. Here are some things to think about doing before the end of 2023. Read More >
Tips on Hiring Billing Staff for Physician’s Office
Physicians and managers dread the day an employee says she or he will be leaving the practice. There are so many challenges to think through, but the pursuit to employ... Read More >
Four Reasons Why You Need to Review Your Life Insurance Needs
Here Are Four Reasons to Review Your Life Insurance Needs - You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don... Read More >
Strategies to Improve Patient Retention in Your Medical Practice
Attracting new patients to your practice is one thing, but keeping them can be an entirely different issue. The days when you treat all family members from cradle to grave... Read More >
Steps to Avoid Embezzlement in Your Physician Medical Practice
Medical practice embezzlement war stories confirm the existence of clever thieves who steal from the medical practice they work for. It is devastating at both an emotional and financial level... Read More >
2022 MIPS Performance Feedback
The Centers for Medicare & Medicare Services has released Merit-based Incentive Payment System (MIPS) performance feedback and scores for 2022 and associated MIPS payment adjustment information for 2024. Read More >
Stay Interviews: Keeping Staff on the Job
Even Americans who are lucky enough to be working in this economy are becoming unhappy with their jobs. According to a Conference Board Job Satisfaction Survey, in which researchers interviewed... 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 >
