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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
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 >
So you've decided to enter into a merger. Congratulations, you've completed tireless hours of feasibility analysis and chosen your partners with the utmost care. But your work is far from... Read More >
Cash Flow Forecasting and Collections Performance The ability to forecast cash flow and collections performance is vital to any medical practice. Yet many practices don t realize they have valuable... Read More >
Tax Planning Strategies The less hectic summer season is a good time to consider steps to cut your tax bill. Here are seven tax planning strategies to consider, assuming our... Read More >
How to Deal with a Problem Partner Many physician groups suffer because of a member s deficiencies. The problem partner may have an explosive temper driving patients and referrers away.... Read More >
Federal employment law is about to give birth to some long-overdue requirements. As of June , , employers with or more employees must provide pregnancy-related accommodations to employees and applicants... Read More >
Physician Financial Goals What are your financial goals? The answer to that question will change through life, but this handy guide can help you and your loved ones plan for... Read More >
Marketing tips to grow patient volume Note This article has been adapted from Provide The Path to Owning It s podcast episode six with Mike Shoun, president and CEO of... Read More >
Have a plan for your financial records People should put together an emergency preparedness plan for their household and include copies of their vital records and financial information. By creating... Read More >
Communicating With Your Patients Physician and patient communication is at the heart of empowering positive outcomes. As payment models shift from payment for activity to payment for outcomes how to... Read More >
Expenses Might Change in Retirement Some retirement expenses are easy to plan for. You ve probably considered how your healthcare needs may change, or whether living expenses may be higher... Read More >
Best Practices to Improve Revenue Cycle Performance Are you collecting what you should from insurance companies? Is your office being managed as cost-effectively as possible? The key to answering yes... Read More >
Versus W- Classification IRS worker classification remains a priority. The IRS continues to seek back payroll taxes and penalties from firms that wrongly treat workers as contractors. Unreported or underreported... Read More >
What you need to know about Required Minimum Distributions When individuals enter retirement, some forget about the required minimum distribution rules. Required Minimum Distributions RMDs are minimum amounts you must... Read More >
Patient Responsibility Estimating and collecting patient responsibility is a challenging task. Not only must you collect money directly from your patients but also you need to ensure patient satisfaction that... Read More >
Tips to Wow Your Patients Here are a few tips that can make your team make a good first impression to wow your patients. Be Aware of Body Language Body... Read More >
Eliminate Procrastination on Medical Billing Appeals So many busy people have to-do stacks on their work desks that hobble their productivity. But if your to-do stack is full of denials... Read More >
Effective Collections Strategy for Physician Practices Declining reimbursement, increasing deductibles and copayments, healthcare reform, rising accounts receivable, and slow paying patients. Sound familiar? Maximizing revenue is critical for small and... Read More >
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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 >
