Protect Your Physician Medical Practice from Embezzlement Medical practice embezzlement war stories confirm the existence of clever thieves that steal from the medical practice they work for It is devastating... Read More >
MIPS Performance Feedback The Centers for Medicare amp Medicare Services CMS has released Merit-based Incentive Payment System MIPS performance feedback and final scores for the performance year and associated MIPS... Read More >
Why Stay Interviews Are Important Even Americans who are lucky enough to be working in this economy are becoming unhappy with their jobs According to a Conference Board Job Satisfaction... Read More >
How to Avoid Hiccups in a Merger Process So you ve decided to enter into a merger Congratulations you ve completed tireless hours of feasibility analysis and chosen your partners... Read More >
Cash Flow Forecasting and Collections Performance The ability to forecast cash flow and collections performance is vital to any medical practice Yet many practices don t realize they have valuable... Read More >
Tax Planning Strategies The less hectic summer season is a good time to consider steps to cut your tax bill Here are seven tax planning strategies to consider assuming our... Read More >
How to Deal with a Problem Partner Many physician groups suffer because of a member s deficiencies The problem partner may have an explosive temper driving patients and referrers away... Read More >
Federal employment law is about to give birth to some long-overdue requirements As of June employers with or more employees must provide pregnancy-related accommodations to employees and applicants under the... Read More >
Physician Financial Goals What are your financial goals The answer to that question will change through life but this handy guide can help you and your loved ones plan for... Read More >
Marketing tips to grow patient volume Note This article has been adapted from Provide The Path to Owning It s podcast episode six with Mike Shoun president and CEO of... Read More >
Have a plan for your financial records People should put together an emergency preparedness plan for their household and include copies of their vital records and financial information By creating... Read More >
Communicating With Your Patients Physician and patient communication is at the heart of empowering positive outcomes As payment models shift from payment for activity to payment for outcomes how to... Read More >
Expenses Might Change in Retirement Some retirement expenses are easy to plan for You ve probably considered how your healthcare needs may change or whether living expenses may be higher... Read More >
Best Practices to Improve Revenue Cycle Performance Are you collecting what you should from insurance companies Is your office being managed as cost-effectively as possible The key to answering yes... Read More >
Versus W- Classification IRS worker classification remains a priority The IRS continues to seek back payroll taxes and penalties from firms that wrongly treat workers as contractors Unreported or underreported... Read More >
What you need to know about Required Minimum Distributions When individuals enter retirement some forget about the required minimum distribution rules Required Minimum Distributions RMDs are minimum amounts you must... Read More >
Patient Responsibility Estimating and collecting patient responsibility is a challenging task Not only must you collect money directly from your patients but also you need to ensure patient satisfaction that... Read More >
Tips to Wow Your Patients Here are a few tips that can make your team make a good first impression to wow your patients Be Aware of Body Language Body... Read More >
Eliminate Procrastination on Medical Billing Appeals So many busy people have to-do stacks on their work desks that hobble their productivity But if your to-do stack is full of denials... Read More >
Effective Collections Strategy for Physician Practices Declining reimbursement increasing deductibles and copayments healthcare reform rising accounts receivable and slow paying patients Sound familiar Maximizing revenue is critical for small and... Read More >
Reflective Questions to Think Through Every Day I was thinking about hard questions the other day You know those questions people ask you where you can t give a right... Read More >
Chart Your Course with Strategic Planning The medical practice world is full of uncertainties We can t keep up with the regulations audits reimbursement changes compliance mandates and so much... Read More >
Note This is a great blog post by CARR who I consider to be the nation s leading provider of commercial real estate services for healthcare tenants and buyers They... Read More >
Report HIPAA Breaches by Upcoming Deadline was a big year for HIPPA breaches with large-scale breaches reported affecting patients If your medical practice or healthcare entity suffered a breach in... Read More >
Watch out for these Financial Pitfalls in the New Year As people move through different stages of life there are new financial opportunities and potential pitfalls around every corner Here... Read More >
Accountable Plans Owners and key employees sometimes pay for business-related expenses using personal funds and credit cards Before the Tax Cuts and Jobs Act TCJA of many employees and employee-owners... Read More >
Why Is Your Practice Considering a Merger Does the merger phrase bigger is better when it comes to private medical practices a true statement This is a question I get... Read More >
Another View of Medical Practice Metrics With the advent of modern practice management software there is no limit to the metrics data your practice can measure Unlimited data however can... Read More >
The November Edition of the Physician Advocate Autumn is here and the holidays are just around the corner Stay ready for the end of the year with our latest newsletter... Read More >
Success with Patient Portals Patient portals as a way of communicating with and to patients is now becoming more popular with patients portals and physicians While patient portals require no... Read More >
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