5 Tips to Consider Prior to Posting on Social Media Sites
Excellent blog post by Healthcare Compliance Pros If you have any questions, please feel free to contact them by phone toll-free at - - or send an email at support... Read More >
Free webinar: Patient-Centered Approach to Achieve MACRA and MIPS Goals
Many organizations are working to figure out how to meet requirements for CMS new quality payment program under the Medicare Access and CHIP Reauthorization Act of MACRA . The reality... Read More >
Changes to Deductibility of Meals and Entertainment Expenses Post-New Tax Law
nbsp Expenses Old Rules Expenses New Rules Office Holiday Parties deductible deductible Entertaining Clients deductible No deduction for entertainment expenses Event tickets, deductible for face value of ticket anything above... Read More >
QRUR Video Presentation Available
A video presentation is available for the October webcast on the Annual Quality and Resource Use Reports QRURs . This event provides an overview of the report and explains how... Read More >
2018 Value Modifier Results and Payment Adjustment Factor
CMS announced the results of the Value Modifier and the adjustment factor that will be applied to clinicians receiving an upward payment adjustment. In , over , clinicians will receive... Read More >
OIG Reaffirms Permissibility of Some Gainsharing Arrangements
From the Mintz Levin law firm The Department of Health and Human Services Office of the Inspector General OIG has issued an Advisory Opinion Opinion in connection with a hospital... Read More >
Total 2017 false claim settlements
The Department of Justice DOJ obtained . billion in False Claims Act FCA settlements and judgments in fiscal year FY , with . billion coming from health care industry cases.... Read More >
Is it really the IRS calling?
Many taxpayers have encountered individuals impersonating IRS officials in person, over the telephone and via email. Don t get scammed. We want you to understand how and when the IRS... Read More >
Employers and Providers Allowed Extension for Providing Health Coverage Forms to Individuals
The IRS has announced a -day automatic extension of the due date for providing health coverage information reporting forms to individuals. Insurers, self-insured employers, certain other coverage providers, and applicable... Read More >
Now Available: CMS Data Submission System for Clinicians in the Quality Payment Program
Last week the Centers for Medicare amp Medicaid Services CMS launched a new data submission system for clinicians participating in the Quality Payment Program. Clinicians can now submit all of... Read More >
Top 5 Common HIPAA Mistakes to Avoid in 2018
Authored by Elizabeth Litten, Fox Rothschild http www.foxrothschild.com elizabeth-g-litten Heading into its nd year, HIPAA continues to be misunderstood and misapplied by many, including health care industry professionals who strive... Read More >
Satisfied vs. Unsatisfied: How One Employee Changed Everything
With the emphasis we place on our client s customer service, we are always keeping our eyes open to observe interesting customer service experiences. I had one such experience last... Read More >
How is your Retirement Planning Going?
Preparing for retirement is a cornerstone of any financial plan, but a lot can change as you approach your golden years. That s why trying a retirement dress rehearsal well... Read More >
Don’t Forget the Placed-in-service Rule When Claiming Depreciation and Deductions
Depreciation and Section deductions are valuable tools to lower your taxable income. For , qualified new not used assets are eligible for first-year bonus depreciation. In addition, the maximum Section... Read More >
2018 Standard Mileage Rates
Beginning on , the standard mileage rates for cars, vans, pickups, and panel trucks will be . cents per mile for business miles, cents per mile for medical or moving... Read More >
Medicare Physician Compare: Performance Data for 2016 Now Available
CMS recently added PY performance information to Physician Compare. For the first time, CMS publicly reported a small subset of Physician Quality Reporting System PQRS group-level measures on Physician Compare... Read More >
Medicare inpatient visits Q & A
Initial . Will Medicare make payment for more than one initial hospital visit during the same admission performed by providers of the same specialty but different group practices? No, Medicare... Read More >
Strong Passwords Help Keep Tax Data (and Other Data) Safe
Passwords are often the key to guarding access to personal information and data stored on computers or sent over email. Because most taxpayers file their returns electronically and access account... Read More >
Employee unprofessional conduct section for your medical practice personnel manual
Below is a sample unprofessional conduct clause for your human resource manual. Whenever you have an offense or potential offense, cut and paste the appropriate section of the manual, highlight... Read More >
North Dakota Physician Group Merger Hits FTC Roadblock
A North Dakota federal judge issued a preliminary injunction on Wednesday blocking a proposed merger between a pair of health care providers in the state until the matter could be... Read More >
Steps to Strategic Planning Success for Your Practice
If your physician practice has ever engaged in the process of strategic planning, you know that the planning retreat is just one step in the process. Practices spend precious time... Read More >
CMS Office of the Actuary Releases 2016 National Health Expenditure Data
In , overall national health spending increased . percent following . percent growth in , according to a study by the Office of the Actuary at the Centers for Medicare... Read More >
Qualifying for points under the โAdvancing Care Informationโ under MIPS
CMS recently issued guidance accessible here on the three-part Prevention of Information Blocking attestation which physicians and other eligible clinicians will need to submit to CMS in order to qualify... Read More >
Heart Center to pay large settlement
From The Business Journal Cardiology Clinic Settles for . M Over Unnecessary Testing Claims A cardiology clinic with offices in Fresno and Clovis will pay a seven-figure settlement regarding allegations... Read More >
Can you collect the co-insurance from your Medicare patients on the date of service when you know the patient does not have co-insurance coverage?
Answer Yes, you may collect the co-insurance on the date of the service from patients who advise you that they do not have co-insurance coverage. My question to you Why... Read More >
Eight Steps to Keep Online Data Safe
During the holiday shopping season, shoppers are looking for the perfect gifts. At the same time, criminals are looking for sensitive data. This data includes credit card numbers, financial accounts... Read More >
Evaluation and Management: Are You Coding Correctly?
Novitas recently reported in a study report, the Office of the Inspector General OIG noted that percent of claims for Evaluation and Management E M services in were incorrectly coded,... Read More >
CPT 2018 update delivers 4 new E/M codes, mass revisions and revised guidelines
DecisionHealth provides a nice overview of the CPT changes for year see the link below. In the blog post, you ll find that a total of code changes throughout your... Read More >
Virtual Group for MIPS in 2018: Apply by December 31
Solo practitioners and groups can choose to participate in the Merit-based Incentive Payment System MIPS as a virtual group for the performance period. To form a virtual group, follow the... Read More >
Medicare Overpayments
nbsp Overpayments are Medicare funds that you or a beneficiary has received in excess of the amount allowed payable under the Medicare statute and regulations. Once a determination of an... Read More >
Subscribe to my blog
Categories
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 >
