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... 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 >
Understanding Life Insurance
Your most valuable asset may be your ability to earn an income. Over the course of your lifetime, you could earn several million dollars money that helps support you and... Read More >
9 Tips To Build Medical Practice Profitability
There are medical practices that are not only holding their own but actually thriving and achieving new records of productivity and profitability.Here are techniques they employ that might help you... Read More >
5 Signs You’re Financially Stable
You don't have to be wealthy to be financially stable. Financial stability can mean a lot more than that like being able to afford your current lifestyle or saving up... Read More >
Physician Aptitudes for Effective Employee Assessments
Use a technique familiar to your training and experience. Look at each employee performance the same way you approach diagnosing a patient. For example, if you like using the traditional... Read More >
Reed Tinsley Presentation on Medical Practice Mergers
Judith Aburmishan, MPA, CPA, of A&A CPA, LLC, hosted this episode of Ask An Accountant, where Reed was featured to discuss medical practice mergers. Read More >
5 Tips For Successfully Buying A Medical Practice
Buying and selling medical practices is a big decision. It s crucial to do your research and recruit the right help. Consider hiring a healthcare CPA, such as Reed Tinsley... Read More >
No Time for Personal Financial Planning?
As someone who has worked exclusively with physicians over the past nearly 35 years, I continue to be amazed at what a wreck most physician personal finances are. Read More >
A Few Ways to Avoid Probate
There are several ways assets transfer on death directly from the decedent/owner to others without probate. The following are some of the more common ways. 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 >
ERC and Incorrect Claims
The IRS urges businesses to review their eligibility for the Employee Retention Credit because there's limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as... Read More >
It’s That Time of The Year Again for Medical Practice Resolutions
In one of my previous writings, the subject was about new year resolutions for medical practices and their management. Read More >
Tax Implications of Buying or Selling a Medical Practice
In healthcare, the selling and buying of medical practices is a common occurrence. Whether you are a physician looking to expand your reach or a practitioner considering retirement, understanding the... Read More >
Key Interview Questions for an Administrator Role
Hiring for an Administrator Position? Here are Key Interview Questions At some point your physician medical practice may need to hire a new office manager or administrator I m assuming... Read More >
Six Tips for Safeguarding Your Records
Some natural disasters are more common in the summer, but major events such as winter freezes, tornadoes and fires can strike at any time. It's always a good idea to... Read More >
Beyond Malpractice Insurance
Say the word insurance, and most doctors immediately think malpractice. But if the only thing your group or individual medical practice is insured against is a lawsuit, you may be... Read More >
What Is Values-Based Investing?
In recent years, there has been a surge in the popularity of values-based investing, as individuals increasingly seek to align their financial decisions with their beliefs and personal interests. 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 >
