9 Estate Planning Tips and Tricks for Physicians (and Others)
Many think estate planning is only a concern for those who are later in their stage of life or who are wealthy. They may put it off for years, or... Read More >
Six 2023 Year-end Personal Tax Planning Ideas
Before the year closes, it's time to think about some year end tax planning. Here are some things to think about doing before the end of 2023. Read More >
Tips on Hiring Billing Staff for Physician’s Office
Physicians and managers dread the day an employee says she or he will be leaving the practice. There are so many challenges to think through, but the pursuit to employ... Read More >
Four Reasons Why You Need to Review Your Life Insurance Needs
Here Are Four Reasons to Review Your Life Insurance Needs - You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don... Read More >
Strategies to Improve Patient Retention in Your Medical Practice
Attracting new patients to your practice is one thing, but keeping them can be an entirely different issue. The days when you treat all family members from cradle to grave... Read More >
Steps to Avoid Embezzlement in Your Physician Medical Practice
Medical practice embezzlement war stories confirm the existence of clever thieves who steal from the medical practice they work for. It is devastating at both an emotional and financial level... Read More >
2022 MIPS Performance Feedback
The Centers for Medicare & Medicare Services has released Merit-based Incentive Payment System (MIPS) performance feedback and scores for 2022 and associated MIPS payment adjustment information for 2024. Read More >
Stay Interviews: Keeping Staff on the Job
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 Survey, in which researchers interviewed... Read More >
Preventing Physician Merger Hiccups
So you've decided to enter into a merger. Congratulations, you've completed tireless hours of feasibility analysis and chosen your partners with the utmost care. But your work is far from... Read More >
Medical Practice Cash Flow Forecasting and Collections Performance
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 >
Midyear Tax Planning Strategies for Individuals
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 >
4 Tips on Dealing with a “Problem Partner”
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 >
What You Need to Know about the Federal Pregnant Workers Fairness Act (PWFA)
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... Read More >
A Lifetime’s Worth of Physician Financial Goals
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
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 >
Personal Emergency Preparedness Plan
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 >
4 Tips to Improve Communication With Your Patients
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 >
Three Retirement Planning Costs
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
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 >
The Difference Between 1099 Versus W-2 Classification
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 >
Retirement and Required Minimum Distributions
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 >
Collecting Patient Responsibility
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 >
Five Ways to Make a Good First Impression With Patients
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 >
Stop Procrastinating on Medical Billing Appeals
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 >
Strategies to Improve Physician Practice Collections
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 >
5 Hard Questions You Need to Ask
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 >
Strategic Planning – Where is Your Ship Headed?
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 >
From CARR- The Dangers of DIY Real Estate: Time and Money
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 >
HIPAA Breach Notification Deadline Approaching
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... Read More >
Financial Pitfalls in the New Year
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 >
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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 >
