Why is specialized financial management important for neurosurgery practices?

Neurosurgery involves complex procedures and high-cost equipment, requiring precise billing and financial oversight. Reed brings healthcare-specific accounting knowledge to ensure accuracy, compliance, and optimized performance.

How can Reed Tinsley help improve my practice's revenue cycle management?

Reed assesses your billing workflows, payer contracts, and denial rates to identify weaknesses. He helps implement systems that improve reimbursement timelines and reduce errors in high-dollar surgical claims.

What tax services does Reed offer for neurosurgery practices?

Reed offers year-round tax planning and preparation tailored to high-income medical practices, advising on entity structure, retirement contributions, and deductions for capital expenditures and practice costs.

Can Reed assist with practice valuation or transition planning?

Yes. Whether you’re preparing for retirement, selling your practice, or adding a partner, Reed provides independent valuations and advisory support backed by decades of experience.

How do I begin working with Reed Tinsley?

Schedule a consultation to discuss your goals and challenges. Reed will craft a custom engagement plan—covering everything from tax services to practice strategy—to help your neurosurgery practice thrive.

Plastic Surgery

Expert Financial and Advisory Support for Plastic Surgery Practices

Plastic surgery practices contend with unique financial challenges – elective and reconstructive billing complexities, steep implant and supply costs, increasing out-of-pocket expenses for patients, and declining reimbursements. Reed Tinsley offers specialized CPA, tax, and advisory services designed specifically for plastic surgery, helping practices build financial resilience, operational efficiency, and long-term growth.

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Addressing Financial Challenges in Plastic Surgery

Plastic surgery billing is inherently complex. Practices face high out-of-pocket burdens for patients, which increased 54% from 2009 – 2017, often leading to payment delays or write-offs. Medicare reimbursement for reconstructive procedures has declined significantly, by up to 14% to 27% from 2000 to 2019 after inflation adjustment, further pressuring margins.

Additionally, elective and cosmetic procedures often fall outside network coverage, leading to surprise billing issues and complicating revenue predictability. Managing implant usage, coding for cosmetic vs. medically necessary services, and navigating regulatory changes compound financial strain on plastic surgery practices.

How Reed Tinsley Helps Plastic Surgery Practices Thrive

Reed provides end-to-end financial and advisory support tailored to plastic surgery practices. He improves revenue cycle management by ensuring accurate documentation, handling prior authorization, mitigating denials, and educating staff on cosmetic versus medical billing distinctions. His tax services for plastic surgery include strategic entity structuring, tax-efficient planning for high-cost equipment and implants, and compliance with healthcare tax laws. Through financial benchmarking, he measures key indicators—accounts receivable days, procedure revenue, payer mix, implant cost ratios—to identify growth opportunities.

When practices need to transition, Reed offers medical practice and healthcare entity valuation for plastic surgery, merger facilitation, and practice brokerage services via Tinsley Medical Practice Brokers. In legal or distress scenarios, he offers litigation support for plastic surgery and receivership oversight. He also advises physicians on personal financial planning for plastic surgery, encompassing retirement, wealth preservation, and tax-smart wealth accumulation.

Whether you’re expanding, selling, or winding down operations, Reed’s strategic guidance aligns clinical and business priorities for lasting success.

Frequently Asked Questions

Why should plastic surgery practices engage a specialized CPA?

Plastic surgery includes both elective and reconstructive procedures, implant-related charges, and frequently complex coding split between cosmetic and medically necessary services. These billing nuances and declining reimbursement trends require expert financial oversight. A CPA well-versed in plastic surgery can optimize documentation processes, mitigate denials, and offer proactive strategic planning to support revenue, compliance, and long-term stability.

How can Reed improve cash flow in a plastic surgery practice?

Reed refines revenue workflows, ensuring insurance eligibility, correctly billed procedures, and clear differentiation between cosmetic and medically necessary services. He analyzes payer and denial trends, implements efficient follow-up routines, and advises on fee schedules and patient billing transparency. These enhancements significantly reduce AR days and improve collections, even when reconstructive reimbursements decline.

What tax services and planning strategies does Reed offer for plastic surgeons?

His tax services include optimized entity structuring (e.g., PLLC, S-Corp), cost segregation and depreciation strategies for efficiency related to implants and equipment, and retirement plan planning. Reed ensures compliance with healthcare-specific tax codes and helps practices leverage capital expenses and depreciation deductions while supporting physician goals

Can Reed assist with valuations, practice transitions, or mergers in plastic surgery?

Yes. Reed offers independent medical practice and healthcare entity valuations using income, market, and asset methodologies designed for plastic surgery practices. He facilitates merger transactions, sale structuring, and buyer matchmaking. In distressed situations, Reed offers receivership support and orderly exit planning to preserve practice value and minimize disruption.

What personal financial planning services are offered to plastic surgeons?

Reed’s personal financial planning services for plastic surgeons include retirement plan optimization, asset protection (e.g., malpractice integration), tax-smart wealth planning, and legacy strategy. He understands the variable income structure and timing typical for surgeons and helps them manage risk and build sustainable financial security aligned with both professional and personal goals.

CPA for Plastic Surgery Practices