February 2022 Newsletter
The first few months have gone quickly for our office. Even though tax season is in full swing, it s important to not lose sight of medical practice management. Dive... Read More >
Dear Physician-Can You Attain Financial Security?
Can You Attain Financial Security? Downturns in physician practice economics has taken long-standing personal finance calculations and turned them on their head. As a result, many physicians face an endless... Read More >
Fundamental Reasons Why Physician Groups Need Leadership
Leadership is Needed Here s one simple reason why physician groups need leadership Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without... Read More >
Easy Ways to Destroy Patient Satisfaction
Easy Ways to Destroy Patient Satisfaction MedicalGPS sure got it right on this one Just plain common sense. Poor patient satisfaction scores can hurt an organization s reputation and bottom... Read More >
Your Practice Needs an External Patient Chart Audit
Your office manager and billing staff periodically should conduct a patient chart audit to assess whether your doctors code accurately. But how do you know that they know what they... Read More >
Employee Theft
Are Any of your Employees Robbing you? Perhaps even one who smiles at you, seems like a team player, and is the last one you d suspect? Although many physicians... Read More >
IRS, Tax Season, and Phone Scams
It s the Season for Criminals Posing as the IRS With the new tax season starting this week, the IRS reminds taxpayers to be aware that criminals continue to make... Read More >
January 2022 Newsletter
Happy New Year We glad to be here and we look forward to a year ahead A lot has been happening in the physician practice world. We cover the important... Read More >
New Year Resolutions for Your Medical Practice
Start the New Year Strong Years ago, I wrote an article about new year resolutions for medical practices and their management. Well years have gone by and I m still... Read More >
Is Your Employee Morale Lagging?
Watch for These Signs of Low Morale You strive for a fair and equitable workplace to help attract and retain employees, drive productivity, and comply with federal, state, and local... Read More >
If You Forget to Issue 1099s, Do you Lose Deductions?
Did You Forget to Issue s? Imagine this you didn t issue Form s to your contract labor services vendors. Now, the IRS is auditing your tax return, and the... Read More >
5 Things to Remember When Filing Your Tax Return
Filing Your Tax Return With filing season beginning January , the Internal Revenue Service IRS reminded taxpayers about several key items to keep in mind when filing their federal income... Read More >
Protect Yourself from Payment Scams
Be Aware of Payment Scams My bank recently informed me about a new scam targeting individuals using person to person money transfer services. Here are a few tips to help... Read More >
It’s Time for a Medical Practice Assessment
Medical Practice Assessment Year end is a great time of year not only because it s the holiday season for most but because it s a good time to evaluate... Read More >
Outside Advisors for your Physician Practice: A Key to Success
Outside Advisors During my years in consulting, I have found that the successful medical practices out there are the ones that surround themselves with excellent advisors. Not only do they... Read More >
Medical Practice Accounts Receivable Statistics
Medical Practice Accounts Receivable Statistics Administrators produce pounds of paper as part of the month-end close process. Typically, buried deep within these reports lies the key to Accounts Receivable AR... Read More >
Increase Profitability by Reviewing Medical Practice Reports
Reviewing Medical Practice Reports There is a saying that I truly believe in and that is You can t manage what you don t measure. I find many physician offices... Read More >
Tax Security Awareness
Tax Security The IRS and its Security Summit partners recently held the annual National Tax Security Awareness Week. One of the key messages this year was even if someone doesn... Read More >
6 Ways to Protect Yourself from Cybercrime
Cybercrime is a Risk Cybercrime is a constant concern in the online world which means everyone must be mindful of risks when they share devices, shop online and interact on... Read More >
November 2021 Newsletter
November Edition of the Physician Advocate We are enjoyed stepping into the holiday season down here in Texas by celebrating Thanksgiving. November was a packed month, here is what was... Read More >
Health Savings Accounts (HSA) FAQs
FAQs about Health Savings Accounts HSA Health savings accounts can be a potentially advantageous option for high-income earners considering tax-saving strategies. Planning for the future? Get to know more about... Read More >
5 Quick Tips For a Clean Claim
Tips for Filing a Clean Claim Errors in physician billing are common. One of the most common errors is the failure to electronically file a clean claim. Sample Texas law... Read More >
Checklist for a Profitable Medical Practice
Plan for a Profitable Medical Practice A successful medical practice no longer happens by chance. Profitable operations for any physician practice today demands planning, analysis, forethought, a defined direction and... Read More >
October 2021 Newsletter
October Edition of the Physician Advocate Fall is in full swing here in Texas We hope you are enjoying the cooler temps and taking time to see the fall colors.... Read More >
How to Close Your Business
Closing a Business Closing your business can be a difficult and challenging task. The IRS has resources that can help you navigate this. Below you ll find the steps you... Read More >
Case Study: Physicians & The False Claim Act
Physicians amp The False Claim Act The Department of Justice announced this month October that Colonial Family Practice, LLC, a physician-owned primary and urgent care practice with multiple clinics in... Read More >
Time to Check Your Tax Withholding
Check Your Tax Withholding Now that we are in the last quarter of , now is a good time to check tax withholding. Life brings constant changes to individual financial... Read More >
Avoid Bad Business Practices
Don t let Bad Business Practices Undermine Your Group Your medical practice or group works hard to settle on a sound market ing plan and your physicians pride themselves on... Read More >
September 2021 Newsletter
September Edition of the Physician Advocate We head into Fall with the latest from the world of physician practices and taxes. Get caught up on the latest EHR optimization tips,... Read More >
Ransomware Resources for HIPAA Regulated Entities
Ransomware Resources for HIPAA Regulated Entities The HHS Office for Civil Rights OCR is sharing the following information to ensure that HIPAA regulated entities are aware of the resources available... 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 >
