Another HIPAA Settlement
Recently, the U.S. Department of Health and Human Services HHS , Office for Civil Rights OCR announced a settlement with Comstar, LLC, concerning potential violations of the Health Insurance Portability... Read More >
Another Day Another HIPAA Violation
We have another HIPAA violation on the books, this time by a health fitness company. If you are a physician practice, learn from this. Read More >
Protecting Your Medical Practice from Theft
No doubt your practice has some hard workers, and you'd never even think of employee theft. Well, it does occur. Can you catch it? Read More >
10 Reasons Why You Should Prepare a Will
Creating a last will and testament is the first step in creating an estate plan - here are 10 reasons why you should prepare one. Read More >
HIPAA Ransomware Cybersecurity Investigation
In March 2023, OCR received a breach report concerning a ransomware incident that had affected a certain information system. Read More >
2025 MIPS Resources
MIPS Resources The Centers for Medicare amp Medicaid Services CMS has posted new Merit-based Incentive Payment System MIPS resources to the QPP Resource Library. Please note, some of these resources... Read More >
Five Myths About Annuities
Annuities have become a popular planning option for many people looking to diversify their retirement income. However, alongside this increased popularity, many myths about the pros and cons of this... Read More >
Now is a Good Time to Assess the Financial Health of Your Medical Practice
Assess the financial health of your medical practice with insights on efficiency, compliance, and key metrics to improve profitability and operational success. Read More >
Four Year End Tax Planning Tips
Whether you're looking to maximize savings or take advantage of credits, there are steps you can take to ensure you're keeping more of your hard-earned money. Here are four strategies... Read More >
5 Ways to Help Manage Multiple Financial Goals
Retirement is a huge goal, but should not your only financial objective. How do you manage – and make progress toward – multiple goals? Read More >
Year-end Tax Planning for Individuals
The end of the tax year is almost upon us, so here are some tax planning tips to think about doing before the end of the year. Read More >
Maximize Your HSA Usage
Your health savings account (HSA) can do more for you than you might think. Want to learn how to make the most of your HSA? The following tips can help Read More >
2023 MIPS Targeted Review Available
Review your MIPS performance feedback, including your MIPS final score and payment adjustment factors, on the Quality Payment Program website. Individual clinicians, groups, subgroups, virtual groups, Alternative Payment Model APM... Read More >
2025 MIPS Performance Year Virtual Group Election Period
If you’re interested in forming a virtual group for the 2025 MIPS performance year, the election period will begin on October 1, 2024. Read More >
Hire And Keep Good Employees in a Medical Practice
Hiring and retaining good employees is a BIG issue for all medical practices. Why? The obvious reason is that the talent pool of qualified people to work in a medical... Read More >
Scrutinizing Medical Practice Overhead-The Small Things
The practice manager's effort to control medical practice operating overhead never ends. We all know that it s not easy to hold overhead in line from year to year. But... Read More >
Is Lifestyle Creep Limiting Your Wealth?
Imagine you have just gotten a raise at work. You are probably thinking about how you can afford that big purchase you've been wanting, or how you can finally go... Read More >
Simple Ways to Improve Your Physician Office’s Revenue Cycle Management
Besides providing their patients with the highest quality of care, the main thing all physicians want to do is maximize their revenue cycle management RCM and generate the largest amount... Read More >
Reverse Budgeting
Sticking to a budget can be challenging. You set goals, but impulse buys and variable expenses can make it difficult to stay on track. Are you looking for a different... Read More >
How Medical Practices can Prepare for a New Associate’s Arrival
This summer is usually when new associates arrive for new employment at medical practices. The newly hired doctor could be a drag on a practice s finances if he or... 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 >
Beware of Scammers Posing as the IRS
Beware of Scammers Posing as the IRS Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here s... Read More >
4 Mistakes Hurting Your Retirement Planning
Saving for retirement was never on my radar as a twenty-something. I was young, short on cash, and not thinking about the future. But when I hit thirty, things changed.... Read More >
Pillars of a Financial Foundation
When you read about money matters, you often see the phrase, “getting your financial house in order.” What exactly does that mean? Read More >
Getting a Handle on Claim Denials
Few medical practices can afford to leave money on the table even in the best of times, and workers who are responsible for navigating healthcare claims, denials, and subsequent appeals... Read More >
I Found Employee Theft, Now What?
You just discovered an employee theft within your physician medical practice. Now what? This post reviews the necessary steps to take. Read More >
Do You Have a Will?
Regardless of age or income, having a will is an essential step to pass your assets to your heirs with clarity and confidence. Get one. Read More >
Don’t Let Billing Issues Aggravate Your Medical Practice
When a practice s medical billing staff or service fails to accurately claim all the revenue the practice has earned for example, by under-coding to save time this naturally represents... Read More >
Is Early Retirement Right for You?
Having the free time to travel, explore hobbies and see your loved ones are among the top reasons people dream of early retirement. But how realistic is early retirement for... Read More >
Using Exit Interviews for Healthcare Compliance
It is important for all employers, including those in the health care industry, to conduct exit interviews with departing employees. The consistent use of exit interviews serves numerous purposes, including... 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 >
