Urology practices face financial complexities including coding-intensive procedures, frequent Medicare and RVU reductions, and front-end collection challenges. Reed Tinsley delivers specialized CPA, tax, and advisory services that help urology practices stay profitable, compliant, and sustainable.
Reed Tinsley’s Tailored Approach to Urology Practice Success
Reed offers tailored financial strategies for urology practices:- Revenue Cycle Management: Streamlines coding processes for complex procedures, improves patient collections through transparent estimates, and implements denial prevention and appeal workflows.
- Tax Services for Urology: Advises on entity structuring, capital equipment deductions, and retirement planning, supporting long-term tax efficiency.
- Financial Benchmarking: Monitors KPIs such as days in A/R, denial rates, payer mix, and procedure profitability to drive data-informed decisions.
- Valuation & Transitions: Provides practice valuations, healthcare entity appraisals, and merger facilitation through Tinsley Medical Practice Brokers to guide growth or ownership change.
- Litigation & Receivership Support: Offers expert testimony and oversight during disputes or financial restructuring.
- Personal Financial Planning: Helps urologists align retirement, risk management, and tax strategy with their variable income and career path.
Urology Practices Frequently Asked Questions
Urology practices require a nuanced understanding of coding, billing, and compliance due to the complexity of their procedures -such as prostate biopsies, cystoscopies, and lithotripsy- all of which involve unique codes, modifiers, and payer rules. A specialized CPA like Reed Tinsley brings deep healthcare expertise to ensure accurate billing, reduced denials, and improved cash flow. He understands how shifts in RVU valuations and Medicare policy impact urology, and tailors his financial and advisory services to help practices adapt, remain compliant, and thrive in a changing reimbursement landscape.
Reed helps improve cash flow by enhancing the front-end and back-end of the revenue cycle. He ensures accurate insurance eligibility verification, supports prior authorization workflows, and implements clean-claim practices to reduce billing errors. He also helps practices improve point-of-service collections by implementing upfront estimates and patient payment plans. By analyzing A/R aging reports and denial trends, Reed recommends system-wide adjustments to accelerate payments, reduce write-offs, and create a consistent inflow of revenue that supports the practice’s financial stability, even amid declining reimbursements.
Financial benchmarking allows urology practices to compare their performance against industry norms. Reed uses benchmarks such as days in A/R, revenue per procedure, payer mix, overhead ratios, and denial rates to evaluate how a practice stacks up operationally and financially. This data-driven approach highlights inefficiencies, identifies growth opportunities, and provides a clearer picture of the practice’s financial health. Reed uses this insight to guide decisions related to staffing, contract negotiations, service mix, and long-term planning, helping practices make informed decisions that lead to greater profitability and sustainability.
Yes. Reed provides expert medical practice and healthcare entity valuation for urology, based on income, asset, and market-based approaches. Whether you’re considering a partner buy-in, preparing to sell your practice, or navigating a merger or acquisition, Reed helps ensure the process is financially sound and professionally managed. He supports due diligence, facilitates negotiations, and structures deals that protect your investment and reputation. For urologists looking to retire, restructure, or exit under pressure, Reed also offers litigation support and receivership oversight, ensuring an orderly and value-preserving transition.
Urologists often face income fluctuations tied to procedural volume, RVUs, and payer mix. Reed provides personal financial planning that accounts for this variability, helping physicians build retirement plans, preserve wealth, and implement tax-efficient savings strategies. He also offers risk protection guidance, including disability coverage and liability structuring. Reed’s planning services are tailored to the life stages of medical professionals, whether you’re launching your own practice, expanding, or preparing to exit the field. His goal is to align your personal and professional finances for long-term peace of mind.
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