2015, 2016 and retirement plan opportunities
Here are quick administrative tips to consider for you and your physician medical practice to help reach your retirement goals this year and beyond. Establish a Retirement plan this year... Read More >
Having a problem with late or absent employees in your medical practice?
Handling Chronic Lateness and Absenteeism in a Medical Office One vexing problem many practice administrators office managers often have to contend with is an employee who is chronically late or... Read More >
Health Care Law: Tax Considerations for Employers with Fewer than 50 Employees
Some of the tax provisions of the Affordable Care Act apply only to employers with fewer than full-time or full-time equivalent employees. Employers with fewer than employees should take note... Read More >
New financial planning book for physicians
Greenbranch Publishing has just released the book The Prescription for Financial Health An Authoritative Guide for Physicians nd Edition. The authors of this book realize that most physicians, while getting... Read More >
Compliance risk areas in a physician practice
Based on its own specific needs, a medical practice s Compliance Plan should identify and address risk areas where it may be vulnerable to erroneous. A practice may already have... Read More >
DOJ remains focused on healthcare antitrust
Speaking at an industry conference on November , U.S. Assistant Attorney General Bill Baer reiterated the government s focus on competition concerns in the health care industry. According to Baer,... Read More >
A plastic surgeon, wire fraud, and tax evasion
An Alaskan plastic surgeon faces up to years in prison after being convicted November of tax evasion and wire fraud for hiding millions of dollars worth of assets in Central... Read More >
Tax Deductions for On-Call Physicians Using a Motor Home as a Mobile Office
The taxpayer, an on-call physician, worked -hour shifts three days a month from Friday Sunday at a hospital miles from his home. He drove to the hospital in a motor... Read More >
Understanding Form 1095-C, Employer-Provided Health Insurance Offer and Coverage
Employers with or more full-time employees, including full-time equivalent employees, in the previous year use Form -C, Employer-Provided Health Insurance Offer and Coverage, to report the information required about offers... Read More >
Medicare-Covered Preventive Services
Each Office Visit is an Opportunity to Recommend Influenza Vaccination People years and older are at greater risk of serious complications from seasonal influenza. The Centers for Disease Control and... Read More >
New IRS Independent Contractor Test
Key Factors in the IRS Independent Contractor Test The IRS formerly used what has become known as the Twenty Factor test. Under pressure from Congress and from representatives of labor... Read More >
Beware of antitrust regulators when merging medical practices.
The Federal Trade Commission reported last week that a Pennsylvania orthopedic group formed from six independent practices has resolved claims that the merger, which gave the company a percent market... Read More >
A few simple year end tax planning tips
Manage Your Gains and Losses Capital gains and losses present excellent opportunities for deferral because you have nearly complete control over when you sell them, but be careful when harvesting... Read More >
Look for more HIPAA audits in the future
In two recent reports, each with a specific focus, the OIG strongly recommended that the Office for Civil Rights OCR step up its HIPAA oversight and enforcement activities. One report... Read More >
Tuomey case finally comes to a close
The federal False Claims Act FCA case against Tuomey Healthcare System, which is generally viewed as the landmark case with regard to the Stark law, has finally come to a... Read More >
No Rental Losses for Home Leased to Relative
A cardiologist and his wife claimed large losses attributable to a house that they rented to their daughter for , month. Previously, they had rented the house to an unrelated... Read More >
Health Care Reporting Reminder for Employers
The IRS has reminded Applicable Large Employers ALEs generally those with or more full-time equivalent employees that they are subject to new reporting requirements for . The first statements Form... Read More >
5 Ways to Check Your Medicare Claim Status
You can check your claim status by Interactive Voice Response IVR IVR gives providers access to Medicare claims information through a toll-free telephone number. Visit your Medicare Administrative Contractor MAC... Read More >
More on ICD-10 Implementation
Coding around the Compliance Date A claim cannot contain both ICD- codes and ICD- codes For dates of service prior to October , submit claims with the appropriate ICD- codes,... Read More >
Dealing with problem employees in your medical practice
The key to dealing with problem medical practice employees is moving quickly to fix the behavior. Here s what I recommend . Use formal write-ups. Document it when employees demonstrate... Read More >
Get ICD-10 Answers All in One Place
The ICD- -CM PCS Frequently Asked Questions web page has answers to your questions about Claims processing and billing Coding General Equivalence Mappings GEMs Home Health National Coverage Determinations NCDs... Read More >
Independent Contractor Charged With Embezzling $1M From Medical Practice
A financial management consultant was indicted Wednesday in Rhode Island federal court on charges relating to the alleged embezzlement of more than million from an anesthesiology practice and its employee... Read More >
The First False Claims Act Involving the Affordable Care Act (ACA) 60 Day Repayment Rule
While the False Claims Act FCA has been in existence for years, many providers do not know that the rule was extended in . As part of the Affordable Care... Read More >
A Few Tips to Improve Patient Collections
Strategy for Patient Collections Here are five tips and strategies to help improve patient collections. Retrain front-desk staff The most important approach is to train or retrain the staff that... Read More >
Employee confusion often triggers DOL investigations
At a government industry payroll professionals meeting in Washington, DC, a DOL representative revealed that many DOL investigations are prompted by workers even though their employers are currently in compliance.... Read More >
Medicare Yet To Save Money Through ACO Model
A high-profile Medicare experiment pushing doctors and hospitals to join together to operate more efficiently has yet to save the government money, with nearly half of the groups costing more... Read More >
Get Ready Now: Assess How ICD-10 Will Affect Your Practice
With ICD- less than a month away, now is the time to get ready. You can make sure your practice is prepared by following the ABCs of ICD- Assess how... Read More >
Kaiser Health News: When The Hospital Is Boss, That’s Where Doctors’ Patients Go
Kaiser Health News staff writer Jay Hancock reports Why did hospitals binge-buy doctor practices in recent years? To improve care coordination, lower costs and upgrade patient experiences, say hospitals. To... Read More >
Georgia Hospital System and Physician to Pay More than $25 Million to Settle Alleged False Claims Act and Stark Law VIolations
Columbus Regional Healthcare System Columbus Regional and Dr. Andrew Pippas have agreed to pay more than million to resolve allegations that they violated the False Claims Act by submitting claims... Read More >
Best little piece of customer service advice for front desk personnel at your physician office
A piece of customer service advice I give my clients is for the front desk staff is smile anytime they talk answering the phone or greeting a patient. If you... 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 >
