Physician Practices: Here's what to expect in 2020 CMS (Medicare) issued its Final Rule - This final rule updates payment policies, payment rates, and other provisions for services furnished under the Medicare Physician Fee Schedule (PFS) on or after Jan. 1, 2020. Here's a sneak peek at a few of … [Read more...]
About Reed Tinsley, CPA
Is Your Physician Office Manager(s) Clearly Communicating With Employees?
Communicating with Physician Office Employees It is important for a physician office manager in a healthcare organization to make sure that staff members have a solid understanding of what is being conveyed to them. In such a regulated market, it remains vital all team members are on the same page … [Read more...]
It’s IRS Tax Form 1099-MISC Time for Physician Medical Practices
Form 1099-MISC With the close of the year, this is a simple reminder that physician medical practices must issue and file with the IRS Form 1099-MISC to each person to whom was paid during the year at least $600 in: Rents Services performed by someone who is not your employee. Payments … [Read more...]
Business Entertainment and Meals Under the New Tax Law – What Physicians Need to Know
Tax reform has had a significant impact on the tax deductions you can now claim for business entertainment and meals. The new tax law also eliminated business deductions for entertainment. As a result, no deduction is allowed with respect to: An activity generally considered to be entertainment, … [Read more...]
Now available: 2018 MIPS final scores impacting 2020 payments
Update from the Medical Group Management Association: Performance Feedback If your group practice submitted 2018 Merit-based Incentive Payment System (MIPS) data, you can now view performance feedback, final scores, and 2020 payment adjustments by logging into the Quality Payment … [Read more...]
Addressing Mental Health in the Workplace – A free webinar from NSCHBC
The Way We Talk About Stress Although we are often stressed, overwhelmed, discouraged or worried about outcomes at work we rarely categorize them as mental health concerns. Did you know that the very words used to describe our workplace experiences are the same ones used to define … [Read more...]