HHS to release update to HIPAA privacy and security rules
nbsp On January , the Department of Health and Human Resources HHS will publish in the Federal Register an update to its HIPAA privacy rule that expands liability of business... Read More >
Physicians Swap Traditional Practices For New Models
According to a recent article in the Kaiser Health News, physicians who are currently practicing independently are looking to innovative practice models in order to either maintain or increase their... Read More >
OSHA and eye wash station checks
nbsp I have a physician client who is conducting weekly eye wash station checks. In a conference earlier this year attending by the office administrator, it was mentioned that medical... Read More >
Details on the Additional Medicare Tax
nbsp When does Additional Medicare Tax start? Additional Medicare Tax applies to wages and compensation above a threshold amount received after December , and to self-employment income above a threshold... Read More >
Ensure Your Staff Understands Your Revenue Cycle Management Processes
nbsp Does your staff really knows what revenue cycle management means or is? I am constantly advocating the importance of training your entire staff to understand how their jobs functions... Read More >
Dear Doctor – It’s That Time of Year Again (AGAIN)
Last year in my newsletter I wrote an article about new year resolutions for medical practices and their management. Well another year has gone by and I m still disappointed... Read More >
Health Professional Shortage Area Bonus Payment Reminder
nbsp Physicians furnishing services to Medicare beneficiaries in areas designated as of December , by the Health Resources and Services Administration HRSA as primary care geographic Health Professional Shortage Areas... Read More >
Measuring access to your physician providers
nbsp How is the access to your medical providers? Good bad? Effiicient inefficient? Any problems related to physician access can and will lead to lost revenue. So access is one... Read More >
The “White Coat” Investor
nbsp I recently stumbled on a very nice financial advice website for healthcare professionals http whitecoatinvestor.com . The website was started by Dr. Jim Dahle, a practicing, full-time, board-certified emergency... Read More >
SWOT analysis for a physician medical practice?
What is a SWOT analysis? It is a situation analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined... Read More >
New Settlement Under Stark Self-Referral Protocol
Another hospital decides to self-disclose possible Stark violations. The following are the violations disclosed Failing to satisfy the requirements of the physician recruitment exception for an arrangement with one physician... Read More >
IRS Releases FAQ on Medical Device Excise Tax
nbsp Q . What is the medical device excise tax? A . Section of the Internal Revenue Code imposes an excise tax on the sale of certain medical devices by... Read More >
Physician front desk ideas and procedures
Create self-pay policy Create materials to clearly communicate policy to patients Consider policies for special circumstances Make reminder call in advance of appointment Confirm demographics Scan insurance cards Collect co-pays... Read More >
Guidance Regarding Methods for De-identification of PHI
This document provides guidance about methods and approaches to achieve de-identification in accordance with the Health Insurance Portability and Accountability Act of HIPAA Privacy Rule. The guidance explains and answers... Read More >
Improving charge-capture in the physician office
nbsp You want to be sure you don t miss ancillaries, such as lab and X-rays. Rule , decide who s responsible for noting charges. If it s your physician... Read More >
2013 OIG Work Plan – What is directed at physicians?
The U.S. Department of Health and Human Services HHS Office of Inspector General OIG Work Plan for Fiscal Year Work Plan summarizes new and ongoing reviews and activities that OIG... Read More >
Dear Physician: Don’t get sloppy with your financial dealings with a hospital
nbsp I was reading the Whidbey Island Hospital District s Stark and Anti-Kickback civil monetary settlement with the government and it s a classic example of sloppiness. The Office of... Read More >
Does this not scream out for physician strategic planning?
nbsp A third percent of physicians plan to leave medicine within the next years, according to a report from staffing company Jackson Healthcare. The Medical Practice amp Attitude Report, based... Read More >
A few HIPAA ideas for all physician practices
nbsp . Find, track, and account for all patient protected health information this is especially important if you carry PHI on iPhones, computers, and medical equipment. . Conduct a self-audit... Read More >
How-to Manual on Emerging Physician Payment Models
nbsp The American Medical Association AMA has released a new how-to manual to help physicians evaluate, negotiate, and manage budget-based payment systems that are becoming alternatives to the predominant fee-for-service... Read More >
Get back to basics – analyze your medical practice’s net collection rate
As you probably know, collecting reimbursements is a critical component of your physician practice s revenue cycle, and in order to ensure peak financial performance, your practice will need to... Read More >
Substantiating Charitable Contributions
nbsp One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations from the local church or synagogue to the Red Cross and... Read More >
Fundamental Reasons Why Groups Need Leadership – Final Say
nbsp To Facilitate Forward Momentum Medical groups without a designated physician leader can do fine. However, most will just meander along without being at the top of their game. They... Read More >
Fundamental Reasons Why Groups Need Leadership – Part 2
nbsp To Enhance Teamwork Strong leadership allows the whole practice to function more effectively as a team. Even for practices with top-performing administrators, physicians need a peer leader to tend... Read More >
Fundamental Reasons Why Groups Need Leadership – Part 1
nbsp Here s one simple reason Solid leadership unlocks a practice s potential. It s possible to run a physician group practice without a designated leader, but the group probably... Read More >
Ethical and economic failures of fee for service
I think most of us realize there is change afoot. While I think traditional fee-for-service billing will remain with us in to the future, there will be new reimbursement models.... Read More >
The phases of physician practice strategic planning
nbsp It is an observation that never ceases to be interesting Strategic planning plays a central role in the ongoing management and operation of the most successful medical practices. It... Read More >
New Policy on Physician Social Media Professionalism
A recent study published by the Journal of American Medical Association AMA reveals that violations of online professionalism are prevalent among physicians. In fact, of state medical boards have received... Read More >
Smaller ACOs pay $1M, larger ones $4M, to start IT
So you want to form an ACO? Get ready to put in some serious capital. The data requirements for launching an accountable care organization will cost smaller ACOs more than... Read More >
Healthcare compliance is a choice
nbsp Sometimes we need a wakeup call with regards to healthcare compliance. Remember we can choose to comply because we understand that it benefits us and others, or we can... Read More >
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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 >
